According to a recent research report published by MarkNtel Advisors, the Global Activated Carbon Market is expecting 7.98% CAGR during 2022-27. It ascribes to the exponentially rising population & its growing water requirements are compelling governments of different countries worldwide to indulge in water treatment to provide potable water to the people.
Activated carbon is used primarily for purification owing to its capabilities to absorb dissolved organic impurities & eliminating odor & foul taste. Hence, its demand is escalating swiftly for applications like water treatment, air & gas purification, food & beverages, metal extraction, & medical & pharmaceutical, among others.
Moreover, the leading manufacturers actively working on developing cost-effective methods & technologies for different purification processes is another crucial aspect projecting an escalating demand for activated carbon and significant growth prospects for the global market in the years to come, further states the research report, “Global Activated Carbon Market Analysis, 2022.”
Large Surface-to-Volume Ratio of Powdered Activated Carbon to Drive the Global Market
Powdered activated carbon possesses high absorbent properties that help efficiently remove hazardous contaminants from water or gas. As a result, it is witnessing a rapidly growing demand worldwide for eliminating foul taste & odor from the water through appropriate mixing, dosage, & contact time and, in turn, contributing to the growth of the Global Activated Carbon Market.
Besides, as these activated carbons have smaller particles, they have a larger surface-to-volume ratio. Therefore, they are directly added to the process units like clarifiers, rapid mic basins, and gravity filters, among others, for water treatment. Hence, these aspects indicate the fastest growth in the demand for powdered activated carbon in the years to come.
With a Growing Need for Effective Water Treatment, Asia-Pacific Dominates the Market
Currently, Asia-Pacific holds the largest share in the Activated Carbon Market. It owes principally to the easy & extensive availability of raw materials like charcoal, coconut shell charcoal, coal, oil carbon, & phenolic resin, among others, and low-cost labor. It, in turn, is instigating the leading industry players to establish their manufacturing facilities in the region and boost the production of activated carbon.
Besides, India & China being massive consumers of activated carbon, are expected to lead the regional market owing to their growing inclination toward water treatment to meet the potable water requirements of the exponentially rising population, reveals MarkNtel Advisors in their research report, "Global Activated Carbon Market Analysis, 2022."
Competitive Landscape
The leading players in the Global Activated Carbon Market include Activated Carbon Technologies, Cabot Corporation, Carbon Activated Corporation, CarboTech, Donau Carbon GmbH, Ingevity, Iluka Resources, James Cumming & Sons, Kuraray, Kureha Corporation, Osaka Gas Chemicals Co., Ltd., Puragen Activated Carbons, Silcarbon Aktivkohle GmbH, and Universal Carbons.
Key Questions Answered in the Research Report
Market Segmentation: