The Activated Carbon Global Market Report 2023 by The Business Research Company, provides activated carbon market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Activated Carbon Global Market Report 2023, the global activated carbon market size grew from $5.45 billion in 2022 to $6.21 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The activated carbon market report size is expected to grow to $10.29 billion in 2027 at a CAGR of 13.5%.

The growing demand for clean water is expected to drive the growth of the activated carbon market. Rapid urbanization and industrialization is surging demand for clean water and activated carbon, as activated carbon is a key ingredient in water purification.

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The activated carbon market is segmented:

1) Activated Carbon Market By Type: Powdered Activated Carbon, Polymer Coated Activated Carbon, Granular Activated Carbon, Bead Activated Carbon, Extruded or Pelletized Activated Carbon, Other Types

2) Activated Carbon Market By Application: Liquid Phase Applications, Gas Phase Applications, Metal Extraction, Medicine, Other Applications

3) Activated Carbon Market By End Use: Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, Other End Uses

Strategic initiatives such as technological advancements and innovative product development are gaining significant popularity in the activated carbon market. The companies are increasingly focusing on developing new innovative products such as honeycomb activated carbon which is environmentally friendly and is designed to be powerful and flexible for large area purification. Honeycomb-activated carbon is a highly effective carbon that is used to remove unpleasant odors and pollutant particles. For instance, in January 2021, Tantech, a China-based company launched a variety of combination honeycomb activated carbon. Other innovative products include activated carbon masks by Sweden based Jacobi Carbon, for clear air delivery. The mask uses activated carbon in combination with dust aerosol and other particulate matter filtration systems for cleaning the air and can also be used as a mask.

The activated carbon market report table of contents includes:

1. Executive Summary

2. Activated Carbon Market Characteristics

3. Activated Carbon Market Trends And Strategies

4. Activated Carbon Market - Macro Economic Scenario

5. Activated Carbon Market Size And Growth

.......

26. Africa Activated Carbon Market

27. Activated Carbon Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Activated Carbon Market

29. Activated Carbon Market Future Outlook and Potential Analysis

30. Appendix

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