According to the recent study the activated carbon market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 7% to 9% from 2023 to 2028. Growth in this market is primarily driven by increasing demand for activated carbon in water treatment applications and growing usage of activated carbon to control pollution.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in activated carbon market by product type (powdered, granular, extruded, and others), application (liquid phase, gas phase, and others), end use industry (water treatment, food beverage processing, pharmaceutical medical, automotive, air purification, industrial chemical, metal extraction, catalyst, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Powdered activated carbon (PAC) market is expected to remain the largest segment during the forecast period.”
Based on product type, the activated carbon market is segmented into powdered, granular, extruded, and others), application (liquid phase, gas phase, and others. Lucintel forecasts that the powdered activated carbon (PAC) market is expected to remain the largest segment due to its ability to offer high adsorption capacity, fulfil broad treatment objectives, and to remove large range of particulates.
“Within the activated carbon market, the water treatment segment is expected to remain the largest end use industry”
Based on end use industry the water treatment segment is expected to witness the highest growth over the forecast period due to the stringency in government regulation and standards leading towards adoption of efficient water disposal techniques and utilization of environment-friendly compounds such as activated carbon for water treatment.
“Asia pacific will dominate the activated carbon market in near future”
Asia Pacific will remain the largest region due to the easy availability of raw material such as coconut shell, coal, wood, and others for activated carbon and increasing usage in water purification and gold mining applications in the APAC region. Asian countries, such as India, Sri Lanka, Indonesia, and Philippines source the coconut shells for the production of activated carbon.
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Major players of activated carbon market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. CarbPure Technologies, Boyce Carbon, Cabot Corporation, Kuraray Co., CarboTech AC GmbH, Donau Chemie AG, and Haycarb are among the major activated carbon providers.
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