Kenneth Research published a report titled “Activated Carbon Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global activated carbon market in terms of market segmentation by application, product type, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global activated carbon market is estimated to grow at a CAGR of ~5% over the forecast period, i.e., 2022-2031. The market is segmented by application into food & beverages, water treatment, air & gas purification, automotive, and others, out of which, the water treatment segment is anticipated to hold the largest share by the end of 2031. This can be attributed to the strict regulations imposed by the government on industries to treat water waste and a rise in the number of pollutants in the water that are depleting the properties of water.
There has been growing concern related to the environment and regulations imposed by the government that are expected to boost the growth of the global activated carbon market. Moreover, the increase in the demand from people for clear drinking water is further anticipated to spur the growth of the market.
Geographically, the global activated carbon market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of them, the market in the Asia Pacific region is estimated to witness modest growth by the end of 2031 owing to the rise in the number of diarrhea cases and the increasing need to purify the water for reuse in the growing industrial sector.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rise in Death Cases Considering the Fact of Unsafe Drinking Water to Drive the Growth of the Market
As per the World Health Organization, nearly 829,000 people die annually from diarrhea owing to poor sanitation, hand hygiene, and unsafe drinking- water.
Backed by unsafe drinking-water, there has been a rise in the number of death cases across the globe. Moreover, the increasing awareness related to activated carbon for the purification of water to provide safe water to people is expected to drive the growth of the global activated carbon market.
However, an instability in the price of activated carbon and a scarcity of raw materials for the production of activated carbon are expected to operate as key restraints to the growth of the global activated carbon market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global activated carbon market which includes company profiling of Silcarbon Akitvkohle GmbH, KUREHA CORPORATION, Osaka Gas Chemical Co., Ltd., Haycarb plc, Lenntech B.V., Calgon Carbon Corporation, Oxbow Activated Carbon LLC, Advanced Emissions Solutions, Inc., DESOTEC NC, KURARAY CO., LTD., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global activated carbon market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Kenneth Research is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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