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![Activated Carbon Market is Anticipated to Witness High Growth Owing to Rising Demand](https://s3.us-west-2.amazonaws.com/timessquarereporter.com/upload/media/posts/2024-07/10/activated-carbon-market-is-anticipated-to-witness-high-growth-owing-to-rising-demand_1720601958-b.jpg)
The activated carbon market comprises of products such as powdered activated carbon, granular activated carbon, and others. Activated carbon finds applications in various end-use industries such as water treatment, food & beverage, pharmaceutical & medical, automotive, and others. It provides advantages such as high surface area, microporous structure, high adsorption capacity, and cost-effectiveness. Activated carbon is majorly used for purification in water treatment applications to remove dissolved compounds including colors, odors, and heavy metals. The need for clean drinking water and stringent environmental regulations regarding wastewater management are some of the major factors increasing the demand for activated carbon from the water treatment industry.
Key Takeaways
Key players operating in the activated carbon market are Carbon Activated Corporation, Jacobi Carbons Group, Boyce Carbon, CarbPure Technologies, Cabot Corporation, Kuraray Co., Carbo Tech AC GmbH, Donau Chemicals AG, Haycarb (Pvt) Ltd., Kureha Corporation, Osaka Gas Chemicals Co., Ltd., Evoqua Water Technologies LLC, Oxbow Activated Carbon LLC, Hangzhou Nature Technology Co., Ltd., Datong Coal Jinding Activated Carbon Co., Carb USA, and Sorbent JSC. The key players are involved in capacity expansion, acquisitions, and new product launches to strengthen their market position. For instance, in April 2021, Oxbow Activated Carbon LLC completed the expansion of its activated carbon production facility in Missouri, US.
The growing Activated Carbon Market Demand for water treatment from municipal as well as industrial sectors and stringent government regulations regarding wastewater discharge are expected to offer lucrative growth opportunities for activated carbon manufacturers. Moreover, increasing R&D activities for application development in different end-use industries will further support the market expansion.
North America, Europe, and Asia Pacific are expected to be the major markets for activated carbon during the forecast period. The key players are focused on expanding their global footprint by enhancing their production abilities in high-growth regions including Asia Pacific, Latin America, and Middle East & Africa. For instance, in August 2021, Kuraray expanded its production capability for activated carbon at its Malaysian plant to meet the growing demand from Asia.
Market Drivers and Restraint:
Market Drivers:
Rising demand from water treatment applications owing to stringent regulations regarding wastewater discharge is a major market driver. Activated carbon effectively removes impurities, dyes, and heavy metals from industrial and municipal wastewater. Stringent standards set by regulatory bodies compel industries to opt for advanced water treatment technologies using activated carbon.
Market Restraint:
Segment Analysis
The powdered activated carbon sub segment is expected to witness high growth during the forecast period. This is because powdered activated carbon has better absorption kinetics due to its high surface area. It effectively removes lower molecular weight contaminants and helps in deep bed filtration processes.
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