Activated Carbon Market Industry Analysis and Forecast (2024-2030)
Stellar Market Research Pvt Ltd
Global business research firm and consultancy company
Activated Carbon Market size was valued at US $ 6.81 Billion in 2023 and the Activated Carbon market revenue is expected to grow at 9.32% through 2024 to 2030, reaching nearly US $ 12.70 Billion. The report analyzes Activated Carbon market dynamics by region, type, and applications.
Market Overview:
Activated carbon, also called activated charcoal, is a form of graphite utilized in the production of pencil leads. It features an irregular, imperfect arrangement that is highly permeable across various pore sizes, spanning from visible cracks and crevices to molecular scales, distinguishing it from graphite. The graphite structure of carbon gives it a large surface area, enabling it to absorb a variety of chemicals. Activated carbon possesses the most potent physical adsorption forces of all substances known to humans, along with the greatest amount of pore space available for adsorption.
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What are market dynamics?
Adsorption is the term used to describe the phenomenon of transferring gaseous pollutants from an air stream to the solid surface of an adsorbent. Although activated carbon is a popular choice, zeolites, polymers, and other adsorbents are also viable options. Activated carbon has unique abilities to eliminate volatile organic compounds (VOCs), odors, and other gas pollutants from the air. It operates in a unique manner compared to other air purifiers like HEPA filters, which only remove particle pollution from the air.
How about market Trends?
Carbon prices have increased in various nations, with prices varying from US $1 per metric ton of CO2 equivalent to US $119 per metric ton of CO2 equivalent. The largest price increases over the past year took place in Asia, with rises in the Korean ETS (Emission Trading Scheme) and Chinese pilot programs due to restricted trading and reduced availability of allowances caused by higher production levels. Prices in Switzerland increased by three times, reaching the pricing levels allowed in the EU, as part of their yearly adjustment tied to EU ETS prices, while Portugal's carbon tax rate almost doubled to €24 per ton of CO2 equivalent (equivalent to US $26 per ton of CO2) before linking to the EU ETS.
More and more, carbon pricing measures are being put into place to help governments meet stricter regional or national climate goals. The EU Green Deal, aiming for carbon neutrality by 2050, has bolstered the push for stronger climate measures and broadened carbon pricing usage in Europe. Numerous countries are implementing fresh climate targets and exploring domestic carbon pricing measures to complement the EU ETS by including additional sectors. Germany plans to implement a countrywide carbon market for heating and transportation in 2021. Luxembourg intended to introduce a carbon tax on industries not included in the EU ETS in 2021. Likewise, Austria intends to implement a carbon pricing system for non-ETS companies, although the specifics of the initiative are still being finalized.
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What is market regional insight?
In 2023, the Asia Pacific region led in terms of revenue, making up over 39.26% of the total market share. The economic growth of the Asia Pacific region has been propelled by factors like abundant raw materials, labor, as well as technological advancements and innovations. The World Bank reported that in 2020, China and Japan, the two economic powerhouses in the Asia Pacific region, ranked as the second and third largest economies globally.
Key Offerings:
Porter's Five Forces Analysis helps designing business strategies by assessing the competitive landscape, market entry and exit barriers, and dominance by key players. PESTEL Analysis shows political, economic, social, technological, environmental & legal analysis of the market.
What is Activated Carbon Market Segmentation?
by Type
? Powder Activated Carbon (PAC)
? Granular Activated Carbon (GAC)
? Extruded Activated Carbon (EAC)
? Charcoal Activated Carbon Cloth (ACC)
by Application
? Liquid Applications
? Water Treatment
? Food & Beverages
? Pharmaceutical & Medical
? Others
? Gas-Phase Applications
? Automotive
? Industrial
? Air Purification
? Flue Gas Cleaning
? Mercury Control
? Solvent Recovery
? Others
Some of the current players in the Activated Carbon Market are:
? Osaka Gas Co. Ltd. (Japan)
? Cabot Corporation (United States)
? Kuraray Co. Ltd. (Japan)
? Haycarb Plc (Sri Lanka)
? Kureha Corporation (Japan)
? Jacobi Carbons AB (Sweden)
? Calgon Carbon Corporation (United States)
? Carbo Tech AC GmbH (Germany)
? Carbon Activated Group (United States)
? Ingevity (United States)
? Tronox (United States)
? Genuine Shell Carb (India)
? James Cumming & Sons (Australia)
? Indo German Carbons (India)
? Others
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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