Wilmington, Delaware, United States, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. -The global silver-impregnated activated carbon market is projected to flourish at a CAGR of 4.2% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 34.6 million is anticipated for the market in 2031. As of 2023, the market for silver-impregnated activated carbon is expected to close at US$ 23.1 million.
Increasing demand for antimicrobial materials in healthcare is expected to drive the demand for silver impregnation in activated carbon, as it provides powerful antimicrobial and antibacterial properties, making it suitable for applications where controlling microbial growth is essential.
Increasing awareness about water and air quality, and growing demand for food safety is also creating a significant opportunity for the silver-impregnated activated carbon market during the forecast period. The increasing demand for food safety and the rising disposable income in developing countries are all driving the demand for silver-impregnated activated carbon.
Advancements in medical technology boost silver-impregnated activated carbon market demand as it is utilized in wound dressings to help prevent infection and promote healing, and in the manufacture of contact lenses to help prevent infection and reduce the build-up of bacteria.
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Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 22.0 Mn | |
| Estimated Value | US$ 34.6 Mn | |
| Growth Rate - CAGR | 4.2% | |
| Forecast Period | 2023-2031 | |
| No. of Pages | 220 Pages | |
| Market Segmentation | By Application, End-use | |
| Regions Covered | North America ,Europe ,Asia Pacific, Middle East and Africa ,Latin America | |
| Companies Covered | Kuraray, Jacobi Carbons, Silcarbon Aktivkohle, Donau Carbon, CarboTech GmbH, Haycarb and Desicca Chemicals | |
Key Takeaways from the Market Study
- As of 2022, the silver-impregnated activated carbon market was valued at US$ 22.0 million
- Based on application, the water purification segment dominates the market during the forecast period as it creates a strong antimicrobial barrier that prevents the growth of bacteria and other microorganisms
- Based on end-use, the commercial segment accounts for the highest market share
Silver Impregnated Activated Carbon Market: Key Trends and Opportunistic Frontiers
- Rapid industrialization and urbanization in emerging economies lead to increased water and air pollution, creating a need for effective treatment technologies.
- Silver-ion-loaded charcoal can be utilized to coat medical implants, such as artificial joints and stents, to prevent infection. SIAC is employed to remove bacteria and other contaminants from dialysis machines.
- The rapidly growing healthcare infrastructure globally, and the demand for clean and safe water in medical facilities and laboratories drive the need for water treatment solutions, driving the market for silver-impregnated activated carbon during the forecast period.
Silver Impregnated Activated Carbon Market- Regional Analysis
- North America is expected to hold the dominant share of the silver-impregnated activated carbon market owing to growing regulatory standards for water quality and air emissions. This drives the adoption of advanced water treatment and air purification technologies, including silver-impregnated activated carbon.
- Asia Pacific was a highly attractive region for silver-impregnated activated carbon owing to the increased population and increased demand for water purification. Increasing disposable income in the Asia Pacific is fueling the demand for consumer products, such as air purifiers and personal care products, driving the market for silver-impregnated activated carbon.
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Competitive Landscape
The leading players in the silver-impregnated activated carbon market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global silver-impregnated activated carbon market report:
- Kuraray
- Jacobi Carbons
- Silcarbon Aktivkohle
- Donau Carbon
- CarboTech GmbH
- Haycarb
- Desicca Chemicals
- Others
Key Developments in the Silver-Impregnated Activated Carbon Market
- In March 2020 - Donau Carbon offered a customized carbon filtration solution based on its SMARTSORB GT180. The modified vessel will help Rytec to track the saturation of the bed during the operation and predict the time of the exchange.
- kuraray chemical co., introduced silver-impregnated activated carbon solutions tailored to the pharmaceutical and healthcare industries, focusing on water quality in medical applications. Exploration of sustainable production methods and materials to align with environmental and regulatory standards.
- Jacobi Carbons AB - investing in research and development efforts to improve the performance and durability of silver-impregnated activated carbon for various water and air treatment applications. They are also doing innovations in material science to achieve optimal silver distribution and maximize antimicrobial efficacy.
- Calgon Carbon Corporation (A Subsidiary of Kuraray Co., Ltd.) introduced new silver-impregnated activated carbon products with enhanced adsorption and antimicrobial properties. The company also collaborates with water treatment companies to provide comprehensive solutions for water disinfection and contaminant removal.
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Silver Impregnated Activated Carbon Market – Key Segmentation
By Application
- Water Purification
- Air Purification
- Food Packaging
- Medical Devices
- Others
By End-use
- Residential
- Commercial
- Industrial
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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