Global Activated Carbon Market to reach USD 13.82 Billion by 2027.
Global Activated Carbon Market is valued approximately at USD 7.37 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.4% over the forecast period 2021-2027. Activated carbon is also known as activated charcoal which is a form of carbon processed to have small, low-volume pores which increases the surface area available for chemical absorption or chemical reactions. Increased use of activated carbon market in industrial applications has driven the market growth. Moreover, various applications in pharmaceutical, industrial air purification and soil remediation has increased the usage of activated carbon and thus driving the market. In the coming years many production facilities in the US and Europe such as coal-fired power plants, clinker cement plants and other operating large industrial boilers will be required to meet new stringent emission standards for mercury and other hazardous air pollutants stated by the US Environmental Protection Agency. But, the scarcity of raw material is restraining the growth of the market. The demand in mercury control technology for industrial air purification applications increases and thus creates opportunity for the market. In the coming years various production facilities in US and Europe such as coal-fired power plants have to adhere to stringent new emissions standards. In an effort to reduce mercury emissions from these power plants European Union and countries such as Australia and Japan are closely monitoring the emission. These emissions creates an opportunity for the activated charcoal market in near future. Leading chemical corporation Cabot Corporation announced the launch of a new ENERMAX 6 carbon nanotube series which are the latest development of the company in high performance CNTs. It is proven to be the most conductive-walled CNT product in Cabots's portfolio with high aspect ration.

The key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World are considered for the regional analysis of global Activated Carbon market. Asia Pacific is the leader in the activated carbon market because of emerging economies such as India, China and Japan. Coconut shells re the most widely used raw materials for manufacturing activated charcoal which is produced largely in the Asian countries because of the presence of suitable weather. North America is the second region after Asia Pacific to grow moderately in the forecasted period. Growing concerns regarding the environment and government initiatives are expected to drive the growth in the region.
Major market player included in this report are

Calgon Carbon Corporation
Osaka Gas Co. Ltd
Cabot Corporation
Haycarb Plc.
Kuraray Chemical Co. Ltd
KUREHA CORPORATION
Donau Carbon GmbH
Silcarbon Aktivkohle GmbH
Oxbow Activated Carbon LLC
Evoqua Water Technologies LLC

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Powdered
Granular
Others
By Application:
Liquid Phase
Gas Phase
By End Use:
Water Treatment
Food & Beverage Processing
Pharmaceutical & Medical
Automotive
Air Purification
Others


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Activated Carbon Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors