According to a new report by Expert Market Research titled, ‘Global Activated Carbon Market Report and Forecast 2020-2025’, the global activated carbon market reached a value of around USD 3.93 billion in 2019. The activated carbon industry is further expected to grow at a CAGR of 8% between 2020 and 2025 to attain a value of nearly USD 6.24 billion by 2025.
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The demand for activated carbon has witnessed a steady growth as it is used in a variety of applications to purify liquids and toxic gases, including municipal potable water, food and beverage processing, and in controlling industrial pollution. In March 2018, Kuraray Co., Ltd. (OTCMKTS: KURRF), a key player in the global activated carbon market, announced the acquisition of Calgon Carbon Corporation aiming to enhance its carbon materials business, further focusing on activated carbon, activated carbon services, and filtration media. After the acquisition, Calgon Carbon has become a part of the Functional Materials Company of Kuraray, along with Kuraray’s Carbon Material Business Division, thus, fulfilling the increasing product demand for activated carbon.
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Market Analysis by Types:
- Powdered Activated Carbon (PAC)
- Granular Activated Carbon (GAC)
- Others
Market Analysis by Applications:
- Water Treatment
- Air Treatment
- Gold Treatment
- Respirators
- Solvency Recovery
Market Analysis by Regions:
1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others
Competitive Landscape & Supplier Analysis
- Kuraray Co., Ltd. (TYO: 3405)
- Oxbow Activated Carbon LLC
- Haycarb (Pvt) Ltd.
- Indo German Carbons Limited (IGCL)
- Shinkwang Chem. Ind. Co., Ltd
- S.I.C.A.V Srl
- Century Chemical Works Sdn. Bhd
- Others
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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