Press release -
CAGR 12.1% Activated Carbon Market Size Expected To Grow Between 2018 – 2024 | Market Value More Than 10.2 Bn by 2024
Global Activated Carbon Market Report is the latest offering at ‘Ameco Research’ which is in-depth analysis of the market and helps an individual or company to understand the market scenario in better way.
Global Activated Carbon Market was valued at USD 4.2 billion in 2017 and is likely to reach USD 10.2 billion by 2024, at a whopping CAGR of 12.1% over the next seven years.
Increasing use of activated carbon for air purification as well as water treatment in wake of several stringent regulations of the government is expected to drive the market over the forecast period.
The years used for the assessment are as follows;
Historical year: 2014, 2015 and 2016
Base year: 2017
Forecast period: 2018 – 2024
The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, surveys and other secondary sources
Interacting with key opinion leaders of the market and developing data points based on interaction with them
Study of past trends in the market and their year on year impact on the market size and share
Analyzing the collected data points
Bridging the data points to calculate the activated carbon market and its various segments
Anticipating potential risks
Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the global activated carbon market
Finalizing the overall size and share for the global activated carbon market.
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To classify global activated carbon market into segments on the basis of raw material, type, application, and end-use, to analyze their growth prospects individually
To analyze market trends, opportunities, drivers and restraints associated with activated carbon
Profiling key companies operating in the global activated carbon market
To study market response with respect to the mergers and acquisitions in the industry
The research scope for activated carbon market is as follows:
By Raw Material
Powdered activated carbon
Granular activated carbon
Extruded activated carbon
Food & Beverage
Central & South America (CSA)
Middle East & Africa (MEA)
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Considerable demand for activated carbon for a diverse range of applications such as air purification, water treatment, food, pharmaceutical, cosmetics, and more has positively impacted the market demand. Also, the rising concerns regarding environmental protection is expected to fuel the demand for activated carbon over the years to come.
Activated carbon also referred to as activated charcoal, is a form of carbon that is processed to comprise of small and low-volume pores. These pores helps to increase the available surface area for adsorption or chemical reactions. Usually derived from charcoal, activated carbon is sometimes used as biochar. Therefore, with the increasing environmental regulations as well as growing focus on sustainability, activated carbon has emerged as a significant component
In addition, several stringent guidelines have been introduced by the government in order to ensure environmental protection. The Mercury and Air Toxics Standards (MATS) has been initiated by the U.S. Environmental Protection Agency (EPA) to limit the amount of mercury and other toxins that coal fired power plants can release. Also, the rising awareness towards safe drinking water along with the increasing investments in infrastructural activities, primarily in the emerging economies, has pushed the demand over the years.
Moreover, increasing use of activated carbon in various personal care products especially products that offer skin and hair benefits, has fostered market growth. Activated carbon is used for skin exfoliation and removal of toxins from the skin, preventing it from acne, blackheads and other skin issues. It can also treat hair fall as well as stunted hair growth making them healthy and dirt free. Growing awareness regarding the teeth whitening benefits of activated carbon is projected to fuel market demand over the forecast period.
There has been a considerable use of activated carbon for to improve the indoor air quality in hotels, offices and airports as well. Also, the recent technological advancements in the reactivation service techniques have further propelled the market demand. However, the escalating raw material cost because of scarcity is anticipated to pose a challenge to market growth.
Furthermore, new market players have been entering the market which has intensified the competition in the industry. Additionally, key players are increasingly investing in research and development to better serve the needs of their consumers.
Some of the key companies operating in the industry include Clarimex; Carbotech AC GmbH; Advanced Emissions Solutions, Inc.; Donau Chemie AG; Jacobi Carbons Group; Kuraray Co., Ltd.; Cabot Corporation; Ingevty; Osaka Gas Chemicals Co., Ltd.; Siemens; Kureha Corporation; Haycarb Pvt. Ltd.; Eurocarb; Oxbow Activated Carbon; and Desotec; among others.
With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Activated Carbon Market, by end-use.
Detailed analysis and profiles of additional market players.
Major Points Of Table of Contents
Global Activated Carbon Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024
CHAPTER 1. Market Scope and Methodology
CHAPTER 2. Executive Summary
CHAPTER 3. Industry Analysis
CHAPTER 4. Competitive Outlook
CHAPTER 5. Global Activated Carbon Market Size and Forecast (2014 – 2024)
CHAPTER 6. Global Activated Carbon Market Size and Forecast, By Region (2014 – 2024)
CHAPTER 7. Key Players and Strategic Developments
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