The Global Activated Carbon Market has recently been analyzed and explored by Fortune Business Insights™ in their latest market research report. The team of dedicated analysts and researchers has gone to great lengths to provide a comprehensive overview of both current and future scenarios pertaining to the Activated Carbon Market. As a result, this report is packed with valuable insights that will be highly advantageous for industry players looking to maintain a competitive edge.

The report also highlights limiting factors and regional industrial presence that may impact market growth trends beyond the forecast period of 2032. The market research aims to gain a complete understanding of the industry's potential and provide information that will help companies to make informed decisions. The Activated Carbon Market Report is an impressive 100+ page document that includes a comprehensive table of contents, a list of figures, tables and graphs, as well as a comprehensive analysis.

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Forecast Growth Projected:

The global activated carbon market was valued at USD 5.21 billion in 2023 and is expected to grow from USD 5.50 billion in 2024 to USD 8.54 billion by 2032, reflecting a compound annual growth rate (CAGR) of 5.7% over the forecast period.

List of the Key Players in the Activated Carbon Market:

• 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)

Competitors Landscape:

The realm of Activated Carbon Market is rife with cutthroat competition and fragmentation, a result of the considerable presence of both global conglomerates and domestic contenders. Industry insiders situated in diverse geographical regions are formulating and executing effective strategies to exploit unexplored opportunities and extend their business outreach. In this highly aggressive environment, prominent players are aggressively pursuing tactics to enhance their market share through various channels.

Segmentation:

• Granular Carbon to Gain Traction Due to its Rising Use in Many End-use Industries

Based on type, the global market is segmented into powdered, granular, and others. The Granulated Activated Carbon (GAC) segment is the fastest-growing segment as this type of carbon finds major usage in several industries, such as air & gas purification and water treatment.

• Activated Charcoal to be Increasingly Used in Water Treatment Applications Due to Rising Industrial Activities

Based on application, the market is categorized into water treatment, air & gas purification, food & beverage, pharmaceutical & healthcare treatment, and others. The water treatment segment held the largest activated carbon market share in 2022 as the product is widely used in water treatment applications to eliminate organic compounds and toxic substances.

With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Drivers and Restraints:

Growing Adoption of Air Purification Systems to Accelerate Market Growth

Air pollution is becoming a major cause of concern globally as it is one of the primary causes of many severe health problems. Individuals in residential areas are suffering from breathing difficulties due to the lack of clean air. This is why many people are opting for air purification systems, which contain activated carbon to absorb the tiniest pollutants and impurities present in the air, providing them with clean, breathable air.

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