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Activated Carbon Market Will Boost USD 16.44 Billion at a CAGR of 8.8% by 2028 | Reports and Data

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Activated Carbon Market Will Boost USD 16.44 Billion at a CAGR of 8.8% by 2028 | Reports and Data

September 22
19:24 2022
Activated Carbon Market Will Boost USD 16.44 Billion at a CAGR of 8.8% by 2028 | Reports and Data
Activated Carbon Market | Reports and Data
Rising need for air purification across the world and increasing usage of activated carbon in food & beverage industry

The global activated carbon market size is expected to reach USD 16.44 Billion in 2028 and register a revenue CAGR of 8.8% over the forecast period, according to a latest report by Reports and Data. Increasing need for air purification across the world owing to rise in air pollution levels is expected to drive the market revenue growth during the forecast period. The effects of air pollution on environment causing climate change and acting as a serious threat to human health is resulting in the establishment of strict air pollution control measures. Rising number of cases related to respiratory diseases, different types of allergies, and circulatory problems are increasing the need to ensure best quality of air. Governments of several countries are establishing stringent standards in order to curb air pollution and are highly recommending activated carbon for air purification. 

Leading Players– Cabot Corporation, Donau Carbon GmbH, Activated Carbon Technologies, Kuraray Co., Ltd, Osaka Gas Chemicals Co., Ltd., Haycarb PLC, ADA-ES, Inc., Albemarle Corporation, Evoqua Water Technologies LLC, and Kureha Corporation

Click the link to get a Sample Copy of the Report:@ https://www.reportsanddata.com/sample-enquiry-form/3071

Some Key Highlights in the Report

  • In June 2020, Calgon Carbon Corporation announced that it is expanding its capacity at its Pearlington, Mississippi plant by adding a second virgin activated carbon production line. The new production line is expected to increase capacity by 50 Million pounds of granular activated carbon per year. The expansion is expected to add 38 jobs at the plant and enable activated carbon products of the company to be used to clean the world’s air and water on a large scale. The estimated investment in the additional production line would be USD 185 Million. This USD 185 Million expansion is expected to further boost production capacity, increasing investment in their natural resources for future generations.
  • Powdered activated carbon segment is expected to account for largest revenue share in global activated carbon market over the forecast period owing to its ease of use and economic advantages. The low capital cost associated with powdered activated carbon feed system combined with the ability to apply powdered activated carbon seasonally, make it an economical alternative based on an annualized cost.
  • Gaseous segment is expected to register significant revenue growth over the forecast period. Increasing demand for gas-phase application in comparison to liquid phase application owing to the rising demand for air purification, is boosting the revenue growth of the segment.
  • Air-Purification segment is expected to account for a considerable revenue share in global activated carbon market. Increasing demand for air purification among residential and commercial buildings owing to rising air pollution levels across the world is boosting the application of activated carbon in purification.
  • The activated carbon market in Asia Pacific is expected to account for largest revenue share over the forecast period. Large industrial facilities in the region are increasingly utilizing activated carbon for water treatment. They also prevent water pollution and comply with the rules set by regulatory bodies of the government associated with discharging of pollutant in water bodies, which is expected to boost the market growth in the region.

Key Factors Driving the Global Materials & Chemicals Market Growth

The global materials & chemicals market revenue is primarily attributed to factors such as growth are fast-paced industrialization globally, rising demand for raw materials and chemicals in the buildings & construction, food & beverage, pharmaceutical, agriculture, textile, and pulp & paper industries, and increasing demand for essential consumer goods including packaged foods & beverages, household hygiene products, and personal care products & cosmetics. Increasing industrial applications of specialty chemicals, surge in demand for high-performance, organic agrochemicals, growing environmental awareness among consumers, growing need for eco-friendly and sustainable raw materials & chemicals, and increasing government investments in the materials & chemicals industry are other factors driving revenue growth of this market.

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Product Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)

  • Granular
  • Powder
  • Pellets
  • Bead
  • Polymer Coated
  • Others

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)

  • Liquid
  • Gaseous

Frequently Asked Questions Addressed in the Report:

  • What is the estimated market revenue growth over the forecast period?
  • What are the major factors driving the global Activated Carbon market revenue growth?
  • Which regional market is expected to account for the largest revenue share in the global Activated Carbon market over the forecast years?
  • Which are the leading players in the global Activated Carbon market?
  • What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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About Us:Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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