According to the new market research report “Activated Carbon- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Activated Carbon market size is projected to reach USD 5.49 billion by 2030, at a CAGR of 1.2% during the forecast period.
- Global Activated Carbon Market Size (US$ Million), 2019-2030
Source: QYResearch, "Activated Carbon- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Activated Carbon Top 24Players Rankingand Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Activated Carbon- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Activated Carbon include Ingevity Corporation, Kuraray, Osaka Gas Chemicals, Fujian Yuanli Active Carbon, Norit, Haycarb, Arq, Inc, Donau Carbon, Futamura Chemical, Core Carbons, etc. In 2023, the global top 10 players had a share approximately 35.0% in terms of revenue.
- Activated Carbon, Global Market Size, Split by Product Segment
Source: QYResearch, "Activated Carbon- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Coal-based Activated Carbon is the largest segment, hold a share of 57.9%.
- Activated Carbon, Global Market Size, Split by Application Segment
Source: QYResearch, "Activated Carbon- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Water Treatment is the largest segment, hold a share of 31.1%.
- Activated Carbon, Global Market Size, Split by Region
Source: QYResearch, "Activated Carbon- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
In the developed regions, the rate of consumption of activated carbon for water treatment is slowing because emphasis is increasingly placed on special application. In contrast, the emerging markets, especially China and India, have the best potential for growth. Developing country rapid industrialization and growth of the urban population created an unprecedented increase in demand for clean water. In the past, developing country only partially addressed the need for better water quality, and industrial growth has only increased water pollution problems, particularly for drinking water; major portions of rural areas still lack access to reliably clean drinking water. Developing country government has increased its emphasis on the need to improve the quality of the water supply. Stricter government regulations on water quality and use will bring opportunities for growth in activated carbon for water treatment. In general, environmental regulations are becoming more stringent in all regions to limit emissions of volatile organic compounds (VOCs) and hazardous air pollutants (HAPs), not only in the industrialized world, but also in developing countries like China.
Restraint:
The IMF predicts that the world economy will continue to grow at a rate of 3.2% in 2024 and 2025, the same growth rate as in 2023. Economic growth in advanced economies will accelerate slightly, from 1.6% in 2023 to 1.7% in 2024 and 1.8% in 2025, but will be offset by a slight slowdown in growth in emerging market and developing economies. Offsetting this, the latter’s growth is expected to fall from 4.3% in 2023 to 4.2% in 2024 and 2025. The forecast for global economic growth five years from now is 3.1%, the lowest level in decades. In addition, the global political landscape continues to be turbulent, and the Russia-Ukraine conflict has profoundly affected the future geopolitical landscape of the world. There is a profound geopolitical background and historical origin behind the Russia-Ukraine conflict. It is the result of the combined effect of multiple factors such as history and culture, ethnic conflicts, geopolitics, and the game of great powers. The situation in the Middle East continues to deteriorate, and the global political landscape is increasingly fragmented.
Opportunity:
Tightening regulatory standards, particularly in the two largest markets -- the US and China -- will drive growth. In the US and other industrialized countries, these stricter standards will reflect increasing emphasis on mercury removal; in contrast, in China and other developing countries stronger standards and stepped up enforcement will stem from efforts to battle air and water pollution caused by rapid industrialization. Rising manufacturing activity in many industrializing nations will also support increased demand for activated carbon.
About The Authors
| Lu Xing - Lead Author
Email: luxing@qyresearch.com The analysts have more than 9 years of research experience in the chemical industry. The analyst team is thoughtful, logical and has deep professional knowledge. The main research fields involve chemical industry, energy, oil and gas, life sciences, pharmaceuticals, automobile industry and other industries. Leading projects include global and Chinese LG third-party surveys, market research on amino acid surfactants, fetal bovine serum, HDPE pipes, hydrogen electrolyzers, titanium dioxide, etc. Major cooperative customers include Clariant, Dow, Mitsubishi Chemical, Syngenta, Evonik, Solvay, Bayer, Asahi Kasei, Tosoh, etc. |
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About QYResearch
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