Authored By: Sarah
30 Aug 2023

Activated Carbon Market Size to Grow by 1423.66 th MT through 2020-2024

The activated carbon market is expected to grow by 1423.66 th MT, accelerating at a CAGR of almost 9% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


Activated Carbon Market: Receive Free Sample Report


Activated Carbon Market: Segmentation by Application

This report provides a detailed analysis of the market by Application (Air purification, Water purification, Food and beverage, Medical & pharma products, Automobiles, Mining, and Others), Product (Powdered activated carbon, Granular activated carbon, and Other activated carbon), and Geography (APAC, North America, Europe, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Activated Carbon Market | High Demand for Powdered Activated Carbon Will Boost Market Growth 2020-2024

Activated Carbon Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cabot Corp., Donau Carbon GmbH, Evoqua Water Technologies LLC, Galfar Engineering and Contracting SAOG, Hayleys Plc, Kuraray Co. Ltd., Kureha Corp., Osaka Gas Chemicals Co. Ltd., Puragen Activated Carbons, and Shinkwang Chem. Ind. Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

Activated Carbon Market Size to Grow by 1423.66 th MT During 2020-2024

Technavio has been monitoring the activated carbon market and it is expected to grow by 1423.66 th MT, accelerating at a CAGR of almost 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Activated Carbon Market: APAC to lead market growth during the forecast period

  • 45% of the market growth will originate from APAC during the forecast period.
  • High demand for powdered activated carbon will be a key trend that will influence market growth significantly.
  • The Increased need for purification in different industrial processes will be a significant factor in driving the growth of the activated carbon market.

Activated Carbon Market | High Demand for Powdered Activated Carbon Will Boost Market Growth 2020-2024

Activated Carbon Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cabot Corp., Donau Carbon GmbH, Evoqua Water Technologies LLC, Galfar Engineering and Contracting SAOG, Hayleys Plc, Kuraray Co. Ltd., Kureha Corp., Osaka Gas Chemicals Co. Ltd., Puragen Activated Carbons, and Shinkwang Chem. Ind. Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Activated Carbon Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive activated carbon market growth during the next five years
  • Precise estimation of the activated carbon market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the activated carbon market industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of activated carbon market vendors

Technavio has been monitoring the Global Activated Carbon Market and it is expected to grow by 1423.66 thousand MT progressing at a CAGR of over 9% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Activated Carbon Market | High Demand for Powdered Activated Carbon Will Boost Market Growth 2020-2024

APAC: China and India Will Drive The Market Growth

APAC will offer several growth opportunities to market vendors during the forecast period. 45% of the market growth will originate from APAC during the forecast period. China and India are the key markets for activated carbon in APAC.  Factors such as the increased need for purification in different industrial processes will offer immense growth opportunities. Activated Carbon is used for various appplications such as air purification, water purification, food and beverage, medical and pharmaceutical products, automobiles, mining, and others This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the activated carbon market size.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. 

Activated Carbon Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Cabot Corp., Donau Carbon GmbH, Evoqua Water Technologies LLC, Galfar Engineering and Contracting SAOG, Hayleys Plc, Kuraray Co. Ltd., Kureha Corp., Osaka Gas Chemicals Co. Ltd., Puragen Activated Carbons, and Shinkwang Chem. Ind. Co. Ltd.are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

Activated Carbon Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive Activated Carbon Market growth during the next five years
  • Precise estimation of the Activated Carbon Market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the activated carbon industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of Activated Carbon Market vendors
Read News Read Less
Interested in this report?
Get your sample now!
Technavio