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Activated Carbon Market to Grow at a CAGR of 5.6% During the Forecast Period 2022-2030; Ingevity Corp. Expanded the Production Capacity to Bolster Market Growth

August 11, 2022 | Chemicals & Materials

The global activated carbon market size is expected to exhibit robust growth by reaching USD 7.73 billion by 2030. Fortune Business Insights™ in its report titled “Activated Carbon Market Size, Share & COVID-19 Impact Analysis, By Type (Powdered, Granular, and Others), By Application (Water Treatment, Air & Gas Purification, Food & Beverage, Pharmaceutical & Healthcare Treatment, and Others), and Regional Forecast, 2022-2030” observes that the market size in 2021 stood at USD 4.77 billion and is expected to reach 4.98 billion in 2022. The market is expected to witness a strong CAGR of 5.6% during 2022-2030. Rise in water and air pollution levels is projected to drive market growth. There is increasing preference from end-user industries to inflate market progress.


Expansion Plans by Calgon Carbon Corporation to Shape Market Growth Trajectory


In November 2020, Calgon Carbon Corporation announced its plans to add new industrial reactivation furnace at the Chemviron operations located in Feluy, Belgium. Expansion will increase the production by 24 million pounds annually. This is anticipated to drive the market progress.


Need to Eliminate of Harmful Impurities to Thrust Market Progress


Activated carbon is one of the excellent choices for purification due to its high adsorption for a wide range of molecules. It helps in eliminating harmful impurities from air streams enabling personal safety by delivering clean and pure air. It is also used in treating biogas and separation of hydrogen. It helps in minimizing of manufacturing costs by preventing corrosion of equipment such as catalysts, engines, and others. Most of the processing manufacturing plants are anticipated to reduce emissions from air, which is expected to drive the activated carbon market growth.


To get a detailed report summary and research scope of this market, click here:


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


Need and Demand for Safe and Potable Water to Inflate Market Growth


Demand for the product is attributed to rising need for safe and potable water. The growth is credited to the product’s property of having a high surface for easy removal of oils, microbes, odor & taste imparting substances, and chemicals. Increasing level of pollution due to rise in population has increased the demand for water treatment and purification. Many industries, such as paints & dyes, paper & pulp, and chemicals, require treatment of waste water, which is anticipated to drive market growth.


Expansion Strategies by Market Players to Support Industry Growth


Key players of the market have been opted for successful expansion plans. Expansion plans by Calgon Carbon Corporation and capacity expansion by Ingevity Corporation are expected to boost the market development. Such expansion plans by the market players are expected to create new opportunities for the market and companies as well. Additionally, companies have taken up launching of new products to enhance the product effectively, which is estimated to bolster market growth.


Notable Industry Development



  • February 2021: Ingevity Corp. expanded the production capacity for activated carbon at its facility in Zhuhai, China. This has increased the company’s capacity by an additional 15% to 20%, helping the company to meet the high global demand for its premium, high-capacity pelletized carbon products that are used in gasoline vapor emissions control systems in cars, trucks, motorcycles, and boats.   


List of Key Companies Profiled in the Report:



  • 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.)

  • Tronox (U.S.)

  • Active Char Products (India)

  • Adsorbent Carbons (India)

  • Genuine Shell Carb (India)

  • Indo German Carbons (India)


Further Report Findings



  • The market in Asia Pacific stood at USD 1.98 billion in 2021 and is predicted to have enhanced development in the global activated carbon market share during the forecast period. Demand from countries, such as China and India, for water treatment applications in the region is expected to propel the demand.

  • Easy availability and low costs of raw materials in Asia Pacific are expected to increase the market share across the region.

  • In North America, the U.S. is expected to enhance the industry growth due to strict rules and regulations by governments for proper disposal of industrial wastewater.


Table of Segmentation:


















































  ATTRIBUTE



  DETAILS



Study Period



2018-2030



Base Year



2021



Estimated Year



2022



Forecast Period



2022-2030



Historical Period



2018-2020



Unit



Value (USD Billion); Volume (Kiloton)



Segmentation



By Type, Application, and Geography



By Type




  • Powdered

  • Granular

  • Others



By Application




  • Water Treatment

  • Air & Gas Purification

  • Food & Beverage

  • Pharmaceutical & Healthcare Treatment

  • Others



By Geography




  • North America (By Type, Application, Country)

    • U.S. (By Type)

    • Canada (By Type)



  • Europe (By Type, Application, Country)

    • Germany (By Type)

    • France (By Type)

    • U.K. (By Type)

    • Italy (By Type)

    • Spain (By Type)

    • Russia (By Type)

    • Rest of Europe (By Type)



  • Asia Pacific (By Type, Application, Country)

    • China (By Type)

    • Japan (By Type)

    • India (By Type)

    • South Korea (By Type)

    • Rest of Asia Pacific (By Type)



  • Latin America (By Type, Application, Country)

    • Brazil (By Type)

    • Mexico (By Type)

    • Argentina (By Type)

    • Rest of Latin America (By Type)



  • Middle East & Africa (By Type, Application, Country)

    • Saudi Arabia (By Type)

    • UAE (By Type)

    • Kuwait (By Type)

    • Oman (By Type)

    • Rest of Middle East & Africa (By Type)




Activated Carbon Market
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