Global Activated Carbon Market | Growth, Analysis, Share

1
Food Beverage Industry to Accelerate the Global
Activated Carbon Market at CAGR of 7.75 by 2028
Triton Market Research presents the Global
Activated Carbon Market segmented by Application
(Automotive, Food and Beverage, Water Treatment,
Mining, Pharmaceutical and Medical, Air
Purification, Others), Type (Granular, Powdered,
Pellet, Others), Raw Material (Wood, Coal,
Coconut Shell, Others), and Geography (Middle
East and Africa, Asia-Pacific, Europe, Latin
America, North America). The report further
discusses the Market Summary, Industry Outlook,
Market Definition, Key Insights, Evolution and
Transition of the market, Porters Five Forces
Analysis, Market Attractiveness Index, Vendor
Scorecard, Industry Components, Drivers,
Restraints, Opportunities, Challenges,
Competitive Landscape, Methodology Scope,
Global Market Size, Forecasts Analysis
(2019-2028). Tritons report insinuates that the
global activated carbon market is anticipated to
display growth in revenue by 7.75 of CAGR during
the anticipated phase of 2019-2028. In terms of
volume, the market is expected to surge at 6.75
of CAGR during the same period.
Request free sample https//www.tritonmarketresea
rch.com/reports/activated-carbon-marketrequest-fr
ee-sample
2
Activated carbon refers to a processed form of
porous carbon, formed from organic materials with
high carbon content such as wood, coal, and
coconut shells. Based on the application, the
activated carbon could be in the form of
granular, pellet, powdered, or some other
type. Over the years, the food beverage
industry has grown significantly, and is further
expected to grow during the estimated phase. This
has led to the rise in demand for activated
carbon in the food beverage industry. The
activated carbon is used mainly to eliminate
excess color, odor, and taste during the
production process. Hence, the opportunities
offered by the food beverage sector is one of
the prominent factors motivating the growth of
activated carbon worldwide. However, the
competition from silica gel and super sand is
hampering the activated carbon markets
progress. Asia-Pacific is known to hold the
largest market for activated carbon market, and
is expected to continue its hold till 2028. The
region is likely to observe tremendous growth
during the forecast period, owing to the growing
demand for activated carbon in water treatment.
Moreover, the presence of low-cost vendors is
another factor that is likely to augment the
demand for activated carbon, further boosting the
studied market on a growth path. Additionally,
the rapid industrialization in the regions
countries, including China and India, has
increased the consumption of activated carbon for
air purification and mercury control, driving the
activated carbon markets development. The
established companies thriving in the activated
carbon market are Advanced Emissions Solutions
Inc, Evoqua Water Technologies LLC, Haycarb Plc,
Osaka Gas Co Ltd, Kuraray Co Ltd, CarboTech AC
GmbH, Boyce Carbon, Veolia Water Technologies,
Calgon Carbon Corporation, Kureha Corporation,
Cabot Corporation, Albemarle Corporation, Jacobi
Carbons AB, and Puragen Activated
Carbons. Several leading players have occupied a
major share in the activated carbon market, which
restricts the entry of new market players.
However, the strict government regulations
towards the environment, reducing price, and
rising demand are significant factors inviting
manufacturers to invest in the market. This
indicates the threat of new entrants to be
moderate during the estimated years. On the other
hand, the existing players mainly compete based
on cost, technology, and product features. This
further has compelled companies to augment their
market share. For instance, Osaka Gas Chemical
acquired Jacobi Carbons to extend its portfolio
and expand its reach to new regions. Hence, the
competition among the existing market players is
likely to be higher.
Contact Us sales_at_tritonmarketresearch.com Phone
44 7441 911839