Global Activated Carbon Market: Analysis and Forecast 2022-2027
Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices by an Activated Carbon Market
The Activated Carbon was valued to be worth 15.84 MMT in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 4.1 percent, achieving a value of around 21.34 MM by 2027.
The Activated Carbon Market broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. The product’s widespread use in wastewater treatment is propelling the market forward. The Asia Pacific is the biggest category spender by region which is impelling the demand for the activated carbon industry.
Activated Carbon: Market Definition and Segmentation
Activated carbon, often known as activated charcoal, is a kind of carbon that is widely used to remove contaminants from water and the air. It is activated to produce tiny, low-volume pores that increase the surface area available for adsorption or chemical reactions. Activated carbon filters liquids and gases in a multitude of conditions, involving municipal drinking water, food and beverage processing, odour reduction, and industrial pollution control. The graphite structure of carbon gives it a large surface area, allowing it to absorb a wide range of substances.
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The Activated Carbon Market comprises segments:
By type: P.A.C, and G.A.C
By end-use: Water Treatment, Air Treatment, Gold Treatment, Respirators, Solvency, Recovery, and others.
By region: North America, Europe, Asia Pacific, the Middle East, Africa, and South America
Snapshot of the Report
The regional markets for the industry can be divided into North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
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In the pharmaceutical industry, the substance is used to absorb impurities in manufactured medications. Carbon activation is used in the vehicle industry to monitor emissions, reduce VOCs (volatile organic compounds), and improve cabin air quality. Activated carbon is used to remove pollutants and decolorize food components in the food and beverage industry. Food, oils, pharmaceuticals, and chemical commodities have all been coloured with activated carbon.
It’s a fantastic approach to removing coloured contaminants from the final product. Furthermore, research and development activities are increasingly focused on synthesising activated carbons from low-cost sources, with the use of expensive commercial activated carbons being phased out.
Additionally, the use of activated carbon to treat wastewater has garnered a lot of attention because technological advancements are lowering the cost of producing activated carbon as well as the cost of disposing of bio-waste. The rising need for activated carbon in the treatment of various pollutants, such as ions, dyes, and various organic contaminants, is expected to considerably drive the activated carbon market’s overall growth over the research period.
Category Insight by Region
Due to a huge supply of labour and raw resources, the Asia Pacific region has the biggest share of the industry. Furthermore, the market’s potential is being enhanced by the sector’s increasing technological progress. China and Japan are two of the market’s most important consumers.
The growing demand for the product in water filtration and air purification is propelling the business forward. It is important in absorbing contaminants from the water and may also remove chlorine from the water. The substance can also be used for air purification, gold purification, respirators, and solvency recovery, giving the sector a boost.
It removes micro-pollutants from the air, including chlorine, methane, and other organic compounds. The product’s demand is boosted by the product’s strict environmental regulations. Furthermore, policy programmes promoting frameworks for water treatment, among other things, are boosting the product’s market.
Best Procurement Practices
The activated carbon Market by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of activated carbon products across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
Activated carbon can be made in two ways: the more efficient process yields higher quality and purer activated carbon. Activated carbon is made by heating it to temperatures between 600 and 900 degrees Celsius in a tank without oxygen.
After that, the carbon is exposed to several chemicals, the most common of which are argon and nitrogen, before being placed in a tank and superheated between 600 and 1200 degrees Celsius. The carbon is exposed to steam and oxygen for the second time when it is placed in the heat tank. As a result of this process, a pore structure is produced, and the carbon’s useful surface area is greatly expanded.
Key Supplier Profiles included in the Activated Carbon Market
The key market players are Kuraray Europe GmbH, Oxbow Coal Ltd., Hay Pvt. Ltd., Indo German Carbons Limited, S.I.C.A.V. Spa, and Shinkwang Chem. Ind. Co., Ltd, and Century Chemical Works Sdn. Bhd.
The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments in the market.
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