(I-BusinessNews.Com, June 26, 2021 ) Strategic initiatives such as technological advancements and innovative product development are gaining significant popularity in the activated carbon market. The companies are increasingly focusing on developing new innovative products such as honeycomb activated carbon which is environmentally friendly and is designed to be powerful and flexible for large area purification. Honeycomb-activated carbon is a highly effective carbon that is used to remove unpleasant odors and pollutant particles. For instance, in January 2021, Tantech, a China-based company launched a variety of combination honeycomb activated carbon. Other innovative products include activated carbon masks by Sweden based Jacobi Carbon, for clear air delivery. The mask uses activated carbon in combination with dust aerosol and other particulate matter filtration systems for cleaning the air and can also be used as a mask.
The activated carbon market consists of sales of activated carbon by entities (organizations, sole traders, and partnerships) that manufacture activated carbon. Activated carbon is used to purify gases and liquids in a variety of applications such as municipal drinking water, industrial pollution control, food and beverage processing, and odor removal. It also helps in de-colorization and solvent purification in industrial sectors such as chemical, petrochemical, mining, and automotive. Activated carbon is produced from carbonaceous sources such as nutshells, coal, coconut, wood, and peat.
Activated Carbon Market Report Segments:
1) By Type: Powdered Activated Carbon, Polymer Coated Activated Carbon, Granular Activated Carbon, Bead Activated Carbon, Extruded or Pelletized Activated Carbon, Others
2) By Application: Liquid Phase Applications, Gas Phase Applications, Metal Extraction, Medicine, Others
3) By End Use: Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, Others
Read More On The Global Activated Carbon Market Report:
https://www.thebusinessresearchcompany.com/report/activated-carbon-global-market-report
Activated Carbon Market Size Forecast:
The global activated carbon market is expected to grow from $4.47 billion in 2020 to $5.51 billion in 2021 at a compound annual growth rate (CAGR) of 23.3%. The growth is due to increasing demand from end-user industries like water purification, sewage treatment plants and air purification owing to stringent regulations by governments across the world to curb pollution and promote sustainability. The activated carbon market is expected to reach $8.49 billion in 2025 at a CAGR of 11.4%.
Major Players in the Activated Carbon Market:
Calgon Carbon Corporation
Haycarb PLC
Kureha Corporation
Donau Carbon GmbH
Silcarbon Aktivkohle GmbH
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Activated Carbon Global Market Report 2021: COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the whole market, activated carbon market segments and geographies, activated carbon market trends, drivers, restraints, leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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