Activated Carbon Market Growth Opportunities | Trend Analysis Forecast Report 2023

The increasing need for mercury control technologies in industrial air purification applications is expected to increase the demand for the activated carbon market.

Activated Carbon Market Research Insights 2023

According to the latest research report published by USD Analytics, the global “Activated Carbon Market” expected to grow at a whopping CAGR of 9.5% during the forecast period 2023-2030.

Activated carbon, commonly known as activated carbon, is used in various industrial applications that require reuse recoveries, such as gas and air purification. Environmental concerns and awareness have led to stringent emission regulations. As a result, several producers have invested in developing improved technologies and ideas for product use in cleaning and air treatment applications. It is rapidly being used in water treatment, including drinking water, utilities, groundwater and wastewater.

The basic function of the product is to adsorb dissolved organic pollutants and remove chemicals that affect odor and taste. Activated carbon injection (ACI) technology has led to more cost-effective purification procedures. These approaches are mainly used to reduce mercury emissions in cement kilns and power plants. Rising pollution from product production emissions has been a prominent element driving the market.

Market Drivers:

The increasing need for mercury control technologies in industrial air purification applications is expected to increase the demand for activated carbon. Many production facilities in the United States and Europe, including coal-fired power plants, clinker cement plants, and other facilities that operate large industrial boilers, will be required to meet strict emission standards for mercury and other pollutants hazardous atmospheres monitored by the US Environmental Protection. Agency (EPA) in the coming years. As a result, the demand for activated carbon is expected to increase during the forecast period to reduce environmental pollution.

Explore the full report @ https://www.usdanalytics.com/industry-reports/activated-carbon-market

Market limitations:

Activated carbon is often made from various raw sources such as coal, coir, wood, peat, etc. Natural disasters substantially affect the value chain of the activated carbon market. As a result, the cost of raw materials, especially coconut shell charcoal, has increased. The cost of coal-based activated carbon has increased due to increased energy consumption, especially in China, where coal is in high demand in industrial sectors such as electricity, iron and steel and the cement facilities.

Market opportunities:

Demand for activated carbon has skyrocketed due to strict air quality standards and the growing number of municipal and industrial wastewater treatment facilities. The growing strain on activated carbon producers due to high production costs is substantially affecting this business. As a result, activated carbon manufacturers mainly focus on producing activated carbon.

Recent Industry Development:

1. Evoqua Water Technologies LLC purchased the Texas-based industrial water treatment services business of Bob Johnson & Associates from Kemco Systems in March 2023 to enhance its reach in North America.
2. Ingevity acquired Nexeon Limited in August 2022 to develop a position in the electric vehicle (EV) industry and improve the prospects of its current activated carbon business.
3. Evoqua Water Technology LLC built a new sustainability and innovation center in Pittsburgh, Pennsylvania (USA) in October 2021 to pursue cutting-edge water treatment technology.
4. Daigas Energy Co., Ltd. (a subsidiary of Osaka Gas Chemicals Co., Ltd.) partnered with Miura Co., Ltd. and Aquas Corporation (Japan) in March 2021 to provide consumers with water treatment services.

Segmentation analysis:

According to the research analysis, the global activated carbon market is segmented by type into powdered activated carbon, granular activated carbon, and others; by application in liquid phase application, gas phase application; for the end-use industry in water treatment, food and beverage, pharmaceutical and medical, automotive, industrial and others; and for raw material in coal, coconut, wood, peat and others.

Download sample report @ https://www.usdanalytics.com/sample-request/5879

Powdered activated carbon accounted for the highest CAGR during the forecast period

Powdered activated carbon (PAC) is a fine black powder formed from carbonaceous sources such as wood, coal, coconut shells and other carbonaceous elements. To initiate carbon and create a porous surface, the material is heated to a high temperature in the presence of steam or oxygen. Increasing demand from various end-use sectors, including food and beverages, automotive, pharmaceuticals, and medical products, among others, contributes to the growth of the activated carbon market during the forecast period.

Geographic analysis:

The global activated carbon market is segmented into North America, Europe, South America, Asia Pacific, and the Middle East & Africa.

Asia-Pacific Activated Carbon Market:

The demand for activated carbon in the Asia Pacific area is mainly driven by the water treatment sector. Population growth, rising living standards, and growing awareness of environmental pollution contribute to an increase in demand for clean air and water. This favors the development of activated carbon. In addition, growing sectors such as food and beverages, automotive, pharmaceutical and medical, etc. are likely to drive the activated carbon market throughout the forecast period.

Competitive landscape:

Major companies included in the global activated carbon market are Kuraray Co., Ltd., Osaka Gas Chemicals Co. Ltd., Haycarb Pvt. Ltd., Norit and Kureha Corporation

Related reports:

Carbon Capture Use and Storage Market Outlook, 2023: Carbon Capture Use and Storage Industry Forecast and Opportunities by Service (Capture, Transport, Storage, Utilization), Phase (Capture pre-combustion carbon capture, post-combustion carbon capture, oxyfuel) Combustion Carbon Capture), application (power generation, oil and gas, cement, metallurgy, others), companies and countries to 2030

Seamless Steel Pipe Market Outlook, 2023: Forecast and Opportunities across Materials (Alloy Steel, Carbon Steel, Others), Process (Hot Finish, Cold Finish), Applications (Oil & Gas, Chemical and petrochemicals, automotive and transport, power plant, construction), Engineering, Others), Companies and Countries until 2030

Ethylene Carbonate Market Outlook, 2023: Trends, Growth Opportunities, Market Size Forecast by Type (Solid Form, Liquid Form), End-User Industry (Automotive, Industrial, Oil & Gas, Personal Care & Hygiene, health, electronics, others), application (Lithium battery electrolytes, lubricants, plasticizers, surface coatings, others), companies and countries to 2030

Additional benefits after purchase:

1) Unlimited analyst support for a period of 1 year.

2) Any query about the scope offered will be answered within 24-48 hours.

3) An Excel sheet with market numbers will be provided separately.

The full report has the following data.

• The report provides a comprehensive assessment of the market in terms of market value (USD) and year-on-year growth rates (%). It does this through in-depth qualitative insights, historical data (2020-2021) and verifiable market size projections (2022-2029).
• View the composition of the global activated carbon market segmentation type, application, end user, raw material and region, highlighting key commercial players and assets.
• By Type: activated carbon powder, activated carbon granular and others
• By application: Application in liquid phase, application in gas phase
• By end user: Water treatment, food and beverage, pharmaceutical and medical, automotive, industrial and other
• For raw material: Coal, coconut, wood, peat and others
• By Region: North America, Europe, South America, Asia-Pacific and the Middle East and Africa
• Identify business opportunities in the global activated carbon market by analyzing trends and co-development agreements.
• The report also covers data insights on various industry forces such as five gatekeeper forces, country-by-country regulations, reimbursement scenario, technological advancements, PEST analysis, and pricing analysis.
• Excel data sheet with thousands of segmentation data points 4/5 of the global activated carbon market.
• PDF report with the most relevant analysis convincingly prepared after comprehensive qualitative interviews and in-depth market research.
• Product mapping in excel for the key product of all the main players in the market.
• The report will provide access to over 50 market data tables, over 40 figures and nearly 180 pages.

About us:

USD Analytics is a leading provider of information and analytics to clients in various industries around the world. Our high-quality research publications, connected market intelligence databases and consulting services provide end-to-end support for our clients’ research needs. Our diverse team of experts delivers practical results for clients in Asia, Oceania, Europe, the Middle East and North Africa, Sub-Saharan Africa, North America and Latin American markets.

Contact with the media
Company name: USD Analytics
Contact person: Harry James
E-mail: Send an email
Country: India
Website: https://www.usdanalytics.com/industry-reports/activated-carbon-market

Press release distributed by ABNewswire.com
To view the original version on ABNewswire visit: Activated Carbon Market Growth Opportunities | Trend Analysis Forecast Report 2023