Activated Carbon Market Value and Growth:
The size of the Global Market was around USD 6.23 Billion by revenue, at the end of 2019. It is expected to grow at a CAGR of 9.46 % to reach close to USD 9.79 Billion in the forecast, as mentioned earlier period. Researchers from Washington State University are on the verge to recycle the waste plastic into jet fuel. The main idea is to burn the plastics with activated carbon at really high temperatures to obtain hydrogen-rich fuel.
Activated Carbon Market Overview:
The Activated Carbon Market has a decent growth pace in the global market, which is driven by the demand for powdered carbon, mainly in industrial applications. The Activated Carbon Market is expected to reach a total of USD 9.79 Billion, with a 9.46 % CAGR.
Activated Carbon Market Drivers and Restraints:
The global market is mainly driven by the demand for powdered carbon primarily in industrial applications. Also, the rising demand in the gaseous phase application in industries helps in the growth of the global market.However, the costs associated may restrain the market in the forecast period. Also, the market concentration in regions like the Asia Pacific restrains the market expansion into regions like the Middle East and Africa.
Activated Carbon Market Segmentation Analysis:
Based on the type, the global market is segmented into Powdered, Granular, Pelletized, Bead. Among the mentioned types, the powdered carbon segment is the largest, fast-moving, and is expected to have the fastest growth rate in the proposed forecast period. The growth is mainly attributed to the demand for this type of activated carbon in industrial applications.
Based on the application, the global market is categorized into Liquid Phase and Gaseous Phase. The liquid phase segment can be further segmented into Water Treatment, Foods & Beverages, Pharmaceutical & Medical. Whereas the gaseous phase segment is sub-segmented into Industrial, Automotive. Of the mentioned applications, the gaseous phase has the highest CAGR in the global market. The growth is mainly due to the demand for industrial applications of powdered activated carbon in the forecast, as mentioned earlier period.
Activated Carbon Market Geographical Analysis:
By geography, the market is segmented as Europe, Asia Pacific, Latin America, North America, and Middle-East & Africa. The Asia Pacific region holds the largest share of the Global Market in the year of 2019, in terms of value and volume. The regional advantages in this region, like the ease of company setup, cheap resources, and a large number of the skilled population are the major reasons for the fast emerging industries in this region, hence the region’s position in the global market. Also, the fast-developing economies like India, Japan, and China are the main reason for the developing regional market. These facts are the reason for this region to be the fastest-growing regional market in the proposed forecast period.
North America is next in the lead of the Global Activated Carbon Market by both value and bulk, as of 2019. The situation of most of the key players in the global market in North America is the main reason for its market position. However, this region only has the third-fastest growth rate on a global scale.Europe is next in the lead of the global market in the year 2019. The existence of a large customer base in and around this region helps in the growth of the Activated Carbon Market in this region. This region is the second-fastest-growing region in the global market in the projected forecast period.On the other hand, the Middle East & Africa and Latin America regions, being in the slow-developing countries, have fewer opportunities for market growth. Hence, the market growth is at a slow pace in these regions.
Activated Carbon Market Key Market Players:
By the end of 2019 Cabot Corporation (U.S), Donau Carbon GmbH(Germany), KUREHA CORPORATION(Japan), Osaka Gas Co. Ltd (Japan), Silcarbon Akilotonivkohle GmbH(Germany), Oxbow Activated Carbon LLC(U.S), Calgon Carbon Corp (U.S), Kuraray Chemical Co. Ltd( Japan), and Haycarb Plc. (Sri Lanka) Among others are the leading shareholders of the global market for Activated Carbon Market. There is a constant competition between these companies regarding the pricing and quality of the product.
Activated Carbon Market Research Report Key Highlights:
The evaluation of the current product and services market and the future implications of the market.
Address the matter by better understanding the market through size estimates and CAGR analysis to forecast the future market.
More extensive segmentation to better understand the dynamics of the market at a minimal level by dividing the market to smaller segments.
Address the key market challenges, drivers, and restraints to provide insights for gaining market share.
Porter’s Five Forces are used to analyze the factors responsible for the shaping of the industry as it is as a result of the competitive environment.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2.2 Liquid Phase
18.104.22.168 Water Treatment
22.214.171.124 Foods & Beverages
126.96.36.199 Pharmaceutical & Medical
5.2.3 Gaseous Phase
5.2.4 Y-o-Y Growth Analysis, By Application
5.2.5 Market Attractiveness Analysis, By Application
5.2.6 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Application
6.1.4 Market Attractiveness Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By Application
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Type
220.127.116.11 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Cabot Corporation
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Donau Carbon GmbH
8.3 KUREHA CORPORATION
8.4 Osaka Gas Co. Ltd.
8.5 Silcarbon Akilotonivkohle GmbH
8.6 Oxbow Activated Carbon LLC
8.7 Calgon Carbon Corp
8.8 Kuraray Chemical Co. Ltd.
8.9 Haycarb Plc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures