Activated Carbon Market to Register 5.2% CAGR till 2026; Increasing Industrial Activities in Emerging Economies to Accelerate Market Expansion

The global activated carbon market size is projected to reach USD 4.09 billion by 2026 on account of rising demand for fresh, potable water worldwide. Fortune Business Insights™ shares this information and more in its latest report, titled “Activated Carbon Market Size, Share & Industry Analysis, By Form (Powdered, Granular, and Others), By Application (Water Treatment, Air & Gas Purification, Food & Beverage, Others), and Regional Forecast, 2019-2026”. According to the report, the value of the market stood at USD 2.73 billion in 2018 and is expected to grow at a CAGR of 5.2% from 2019 to 2026.

Kuraray Completes Acquisition of Calgon Carbon, Gains Global Prominence  

In September 2019, the Japanese chemicals major Kuraray Co. successfully concluded its acquisition of the Pittsburg-based Calgon Carbon Corporation, with Calgon henceforth operating as Kuraray’s subsidiary. The acquisition will be a crucial step for Kuraray to gain ground not just in the North American region, but also globally in the activated carbon filtration domain. Such developments are set to become the characteristic feature of the competitive landscape in the market for activated carbon pellets. Significance of these activities is bolstered by the fact that rising demand for clean water for human consumption is one of the leading activated carbon market trends. Companies in this market are focused on riding the wave of this trend by providing novel solutions and tapping thriving regional markets.

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

Increasing Demand for Effective Water Treatment Mechanisms to Boost the Market

The activated carbon market growth is set to gather momentum as the demand for efficient and effective water treatment technologies escalates worldwide. Water treatment is essential to convert polluted water into a potable liquid, an issue that has intensified by the rising water pollution levels around the world. Activated carbon plays a central role in the water treatment process because of its adsorption properties. The substance is highly effective in removing toxic substances such as mercury, harmful oils, and organic compounds from industrial wastewater as a result of its superior porosity, which offers a larger surface area for adsorption. With rapid depletion of groundwater resources and the dangerously high presence of pollutants, the demand for these substances is expected to skyrocket during the forecast period, as per the activated carbon market analysis.

Growing R&D Investment by Companies to Stimulate Heated Competition

Key players are directing their investments in ramping up their research and development capacity to bring out innovative solutions and gain an edge in the competition. The activated carbon market report further states competitors are also employing other strategies such as mergers and acquisitions and tailoring their products for various end-use industries such as packaging and pharmaceutical.

Industry Development:

• September 2016: The world’s largest activated carbon producer, Cabot Norit Activated Carbon, launched its new activated carbon offering for odor control called DARCO® H₂S HF. The product is engineered to remove hydrogen sulfide and other odors in an enhanced manner, whilst bettering operational efficiency.

Top Companies Covered in the Report Include:

• Genuine Shell Carb


• Adsorbent Carbons


• Troxnox


• Universal Carbons (India)


• Iluka Resources


•  Ingevity


• KUREHA CORPORATION


• CARBOTECH AC GMBH


• Cabot Corporation


• Osaka Gas Chemicals Co., Ltd.


• Indo German Carbons


• Core Carbons


•  Active Char Products


• Carbon Activated Corporation


• Activated Carbon Technologies


• Kuraray Co., Ltd.

Further Report Findings:

• Strict implementation of regulations dealing with industrial pollution will make North America a highly lucrative region in the activated charcoal market during the forecast period. The market size in the region was at USD 709.7 million in 2018 and is expected to grow substantially in the forthcoming years.


• On the other hand, Asia-Pacific is set to dominate the activated carbon market share on account of several favorable factors including abundant availability of raw materials, rapidly rising population, and skyrocketing demand for potable water.


• Low water availability will be the key determinant for the activated charcoal market demand in the Middle East.


• By application, the water treatment segment is set to lead as debilitating condition of freshwater bodies in the world is expected to cause the demand for activated carbon water filter to spike. The air and gas purification segment will hold a steady share of 31.2% in the market.

Global Activated Carbon Market Scope Table of Segmentation: