Coal-Based Active Carbon Emerging Trends, Technology and Growth
The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The report offers actionable and valuable market insights of Coal-Based Active Carbon. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Coal-Based Active Carbon Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Coal-Based Active Carbon market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Coal-Based Active Carbon
This newly published and insightful report sheds light on Market Insights of Coal-Based Active Carbon, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Coal-Based Active Carbon Market.
The global activated carbon market is anticipated to register an impressive 7% CAGR for the forecast period 2020-2030, projects Fact.MR’s recently published report. Growth is mostly underpinned by rising wastewater treatment and sanitation initiatives.
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United Nations Environment Program
estimates that global investments in advanced water and sewer systems will reach US$ 75 billion per year in 2025. Therefore, wastewater facilities must be engineered to cope with fluctuating flows. On the back of these trends, demand for activated carbon wastewater management is gaining momentum.
According to the UN University Institute for Water, Environment and Health, out of the 75% of wastewater treated, just 3.8% of that water is actually used. Therefore, significant growth opportunities lie in this regard.
The COVID-19 pandemic is further expected to heighten growth prospects, owing to rising demand for activated carbon based air purifiers across hospitals, commercial and homecare settings, in addition to personal protective equipment.
Key Takeaways from the Report
- Asia-Pacific to be a lucrative market, surpassing US$ 1 Bn by 2021
- Coconut shell based activated carbon to surpass 530 thousand metric tons of production volume by 2020-end
- Air purification emerging as a poignant application area, recording over 3% Y-o-Y expansion by 2022
- Powdered activated carbon accounted for 51% revenue share in 2019, expected to increase further
- Europe and North America to collectively generate 44% revenue share in forthcoming years
“Prominent players are targeting emerging economies, attributed to rising urbanization and housing projects, accelerating the need to invest in water treatment and ventilation systems,” concludes the Fact.MR analyst.
Market Competitiveness
Prominent activated carbon players rely on pricing adjustments, acquisitions, capacity expansion, mergers and product launches to remain afloat within the landscape.
Some leading players in the landscape include Cabot Corporation, Donau Chemie AG, Kuraray Co Ltd., General Carbon Corporation, Clarimex Group, Haycarb Pvt. Ltd., CarboTech and Carbon Activated Corporation among others.
In 2016, Donau Chemie AG based in Vienna merged its US activities with Standard Purification which is an independent active carbon products producer. The company now operates as Donau Carbon US LLC.
In September 2018, Kuraray Co Ltd. acquired Calgon Carbon Corporation. As a wholly-owned subsidy, Calgon now manufactures and markets functional materials in conjunction with the carbon material business. In 2019, the company unveiled its “PROUD 2020” strategy to expand its product sales.
In January 2020, Cabot Corporation announced its decision to acquire Shenzhen Sanshun Nano New Materials Co., Ltd in China for nearly US$ 115 million. The objective is to strengthen the company’s formulation capabilities and market position with respect to automotive parts manufacturing.
In September 2020, Evoqua Water Technologies acquired Aquapure Technologies, an Ohio based privately held Water Services and Equipment Company. The objective of this acquisition was to strengthen its service capabilities throughout Cincinnati, Ohio.
Activated Carbon Market – Segmentation
Fact.MR’s research study assesses the global activated carbon market in terms of raw material, form, application and region. This report presents extensive market dynamics and trends associated with different segments of the market and their influence on the growth prospects of the global activated carbon market.
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Fact.MR, in its new report, offers an unbiased Market Analysis of Coal-Based Active Carbon, Sales and Demand of Coal-Based Active Carbon, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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