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Companies covered in activated carbon market are Osaka Gas Chemicals Co., Ltd. (Japan), Donau Carbon GmbH (Germany), Cabot Corporation (U.S.), PURAGEN ACTIVATED CARBONS (U.S.), CARBOTECH AC GMBH (Germany), Kuraray Co., Ltd. (Japan), KUREHA CORPORATION (Japan), Activated Carbon Technologies (Australia), Silcarbon Aktivkohle GmbH (Germany), Ingevity (U.S.), Iluka Resources (Australia), James Cumming & Sons (Australia), Universal Carbons (India), Carbon Activated Corporation (U.S.), Troxnox (U.S.), and more players profiled

The global activated carbon market size is projected to reach USD 4.50 billion by 2028, exhibiting a CAGR of 5.4% during the forecast period. Increasing product applications across diverse industry verticals have opened avenues for market growth. According to a report published by Fortune Business Insights, titled “Activated Carbon Market, 2021-2028,” the market was worth USD 2.96 billion in 2020.

List of the Companies Profiled in the Global Activated Carbon Market are:

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The global market has been divided into powdered, granulated, and other types based on type. Granulated Activated Carbon (GAC) is the most popular of them, owing to strong demand from a variety of end-use sectors such as water treatment and air and gas filtration.

Based on application, the market is divided into four categories: water treatment, air and gas purification, food and beverage, and others. In 2020, the water treatment segment had the largest activated carbon market share, and it is anticipated to continue to do so for the rest of the forecast period.

What Does the Report Highlights?

The study provides a detailed analysis of the industry, focusing on the variables that drive, repel, obstruct, and provide market possibilities. It also clarifies the segmentation table, the list of leading categories with statistics, and the variables that influence them. The competitive landscape of the market, the list of prominent players, and the major steps are also included in the study. Besides this, the report highlights the major industry developments of the market, current market trends, and other interesting insights into the market.

High Demand for Activated Carbon in Water Treatment Application to Succor Growth

With the growing demand for clean and safe drinking water, product demand is rising. The market growth may be due to the product’s characteristics, including a large surface area accessible for adsorption, making it easy to remove contaminants such as oils, microorganisms, odor and taste-inducing compounds, and chemicals. Carbon Activated Corp., for example, offers industrial solutions as well as municipal groundwater filter systems in the United States and VOC/siloxane removal systems in biogas engines throughout Europe. As the world’s population grows exponentially, so does consumer demand for freshwater, resulting in more significant water purifying usage.

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Asia Pacific to Emerge Dominant; Rising Population will Contribute to Increasing Product Demand

The report analyses the ongoing market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Asia Pacific is projected to emerge dominant in the coming years. The rising demand for this type of carbon in densely populated countries such as India and China have given the platform for regional and global companies. Although these two countries are not the largest producers of the product, they certainly are the largest consumers of activated charcoal across the globe. The increasing use of the products in specialty chemicals and cosmetic products has proven beneficial for the companies in this sector. As of 2020, the market in Asia Pacific was worth USD 1.24 billion, and this value is projected to rise at a considerable pace in the coming years.

Company Mergers and Acquisitions are an Increasing Trend Among Major Companies across the world

The report encompasses several factors that have contributed to the growth of the overall market in recent years. It is observed that companies across all categories are focusing on mergers and acquisitions with regard to the recent success that this strategy has brought for numerous businesses. The rising number of company mergers and acquisitions will set the platform for rapid market growth. In September 2019, Oxbow Activated Carbon announced that a large-scale European firm had acquired it. The latter will look to build on its existing portfolio of activated carbon derivatives, along with its vast experience on the global stage. The company will build on its 15-year experience through this acquisition. Such large scale company mergers and acquisitions and collaborations will bode well for the growth of the overall market in the coming years.

Browse Summary: https://www.fortunebusinessinsights.com/activated-carbon-market-102175

November 2020: Cabot Corporation introduced a unique styrene acrylonitrile-based black masterbatch named PLASBLAK XP6801D. This formulation will cater to the needs of the styrenics market. This new product has excellent mechanical properties, UV resistance, and color performance at a lower concentration. Further, it delivers equal performance with around 50% less material, reducing transport logistics, handling, and other transportation-related GHG emissions.

June 2020: Kuraray Co., Ltd. announced that it will be expanding Calgon Carbon Corporation. The latter is Kuraray’s U.S.-based subsidiary, and this decision is in response to the company’s recent efforts towards increasing global demand for activated charcoal.

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Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Activated Carbon Market Detailed Analysis Of Current Industry Figures | Osaka Gas Chemicals Co., Ltd., Donau Carbon GmbH, Cabot Corporation

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