Global Coal Based Activated Carbon Market Size To worth USD 7.48 Billion by 2033 | CAGR of 5.97%
Category: Chemicals & MaterialsGlobal Coal Based Activated Carbon Market worth USD 7.48 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Coal Based Activated Carbon Market Size is Expected to Grow from USD 4.19 Billion in 2023 to USD 7.48 Billion by 2033, at a CAGR of 5.97% during the forecast period 2023-2033.
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Browse key industry insights spread across 234 pages with 122 Market data tables and figures & charts from the report on the "Global Coal Based Activated Carbon Market Size, Share, and COVID-19 Impact Analysis, By Product (Powdered Activated Carbon, Granular Activated Carbon, and Others), By End Use (Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/coal-based-activated-carbon-market
The market for activated carbon from coal is commonly called the "Coal-Based Activated Carbon Market." Activated carbon is a material with a large surface area that is used to filter or absorb impurities from liquids and gases. Several factors, including the need for energy-efficient and sustainable solutions, environmental regulations, the requirement for air and water filtration in industry, and advancements in activation technology shape the market of the coal based activated carbon. The increasing adoption of air purification and water treatment methods is one of the primary factors driving the market's growth. It is projected that the rising demand for coal-based activated carbon in foods and beverages is expected to accelerate the market growth. Additionally, the market is primarily being driven by the increasing usage of activated carbon in air purification and water treatment. Emerging economies' governments ought to invest in the water treatment industry to increase their ability to provide drinkable water and satisfy the growing demand. However, the increasing focus on using sustainable and renewable raw materials to produce activated carbon is one of the main restrictions facing the coal-based activated carbon market.
The powdered activated carbon segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the product, the coal based activated carbon market is classified into powdered activated carbon, granular activated carbon, and others. Among these, the powdered activated carbon segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Industrial and municipal water treatment facilities frequently use powdered activated carbon to remove organic pollutants from the air and water.
The water treatment segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the end use, the coal based activated carbon market is divided into water treatment, food & beverage processing, pharmaceutical & medical, automotive, air purification, and others. Among these, the water treatment segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The growing usage of coal based activated carbon in large-scale and small-scale water systems to remove organic matter and chlorine is expected to propel the water treatment market.
Asia Pacific is estimated to hold the largest share of the coal based activated carbon market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the coal based activated carbon market over the forecast period. Rapid urbanization and industrialization in nations like China, India, and Japan are the main drivers of the Asia-Pacific region. The market's expansion in this sector has been primarily driven by the developing water treatment and air purification industries as well as the increased focus on sustainability and environmental protection.
North America is predicted to have the highest CAGR growth in the coal based activated carbon market over the forecast period. The market for coal-based activated carbon has grown as a result of these areas' leadership in enforcing strict environmental laws and encouraging the use of efficient adsorbents for a range of applications.
Major key players in the coal based activated carbon market include Cabot Corporation, Arkema, Kuraray Co. Ltd., Donau Carbon GmbH, Kureha Corporation, Haycarb PlcVeolia, CarboTech, Veolia, Calgon Carbon Corporation, Oriental International (Pvt) Ltd., Evoqua Water Technologies Corp., Osaka Gas Co., Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In May 2024, the first sales contract for the delivery of GAC made from its unique purified bituminous coal waste-derived feedstock at its strategic Red River facility was signed by Arq, Inc., a manufacturer of activated carbon and other environmentally efficient carbon products for use in purification and sustainable materials.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the coal based activated carbon market based on the below-mentioned segments:
Global Coal Based Activated Carbon Market, By Product
- Powdered Activated Carbon
- Granular Activated Carbon
- Others
Global Coal Based Activated Carbon Market, By End Use
- Water Treatment
- Food & Beverage Processing
- Pharmaceutical & Medical
- Automotive
- Air Purification
- Others
Global Coal Based Activated Carbon Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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