A recent report published by Infinium Global Research on activated carbon market provides in-depth analysis of segments and sub-segments in the global as well as a regional activated carbon market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional activated carbon market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global activated carbon market. According to the report, the global activated carbon market is projected to grow at a CAGR of 8.9% over the forecast period of 2019-2025.
Activated carbon, also referred to as activated charcoal, is used as colorants, and catalysts in industrial processes. Activated carbon is processed to create millions of pores between carbon items which in turn increase the surface area. The increased surface area helps in absorbing impurities from gas, vapors, and liquids. Owing to its usefulness in industrial processes the demand for activated carbon has surged over the past few years. Activated carbon can be produced from a number of organic, carbon-rich sources, including coal, wood, and coconut husks, to name a few. It boasts a unique physical structure that makes it one of the most extensively used adsorbents on the market.
The global activated carbon market is expected to be primarily driven by factors such as check over mercury emissions for pollution control, stringent regulations on water purification to escalate the demand for activated carbon and research and new product development. The growing use of activated carbon in water purification coupled with rising investments in infrastructure for safe drinking water is on the rise in developing nations, that in turn drives the growth of the market over the forecast period. In addition, rising applications of activated in the cosmetic and the pharmaceutical industry contributes to the growth of the activated carbon market. However, the growth in the global activated carbon market is likely to be restrained by factors such as scarcity of raw materials causing price hikes of activated carbon in Asia-Pacific and weak economic conditions lowered industrial growth eventually impacting activated carbon sales. Further, the growing use of reactivated carbon provides an opportunity for activated carbon producers to maximize profits.
Among the regions, Asia Pacific dominates the global activated carbon market. The rising industrialization, comparatively low manufacturing cost, and less stringent government regulations contribute to the growth of Asia Pacific activated carbon market. Additionally, the rising demand for water treatment products from the most populous nations such as China, India, and Indonesia among others increases the demand for the activated carbon in the Asian markets. Furthermore, North America and Europe are anticipated to have a rapid growth during the forecast period owing to increasing measures in these regions to restore and protecting the environment.
The report on global activated carbon market covers segments such as type, application, and end user. On the basis of type, the sub-markets include powdered activated carbon and granular activated carbon. On the basis of application, the sub-markets include liquid phase and gaseous phase. On the basis of end user, the sub-markets include water & wastewater treatment, food & beverages, pharmaceuticals, cosmetic industry, gas & air purification, mining, automotive, and other end users.
The report provides profiles of the companies in the market such as Osaka Gas Co., Ltd., Cabot Corporation, Haycarb PLC, Kureha Corporation, Donau Carbon GmbH, Silcarbon Aktivkohle GmbH, Prominent Systems Inc., Oxbow Activated Carbon LLC, Clarimex, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of activated carbon market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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