(MENAFN- America News Hour)In a recent published report, Kenneth Research has updated the market report for Activated Carbon Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Activated Carbon Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Activated Carbon Market is expected to reach $10.7 billion and 4.4 Kilo tons by 2024 growing at a CAGR of 10.2% and 7.9% respectively from 2016 to 2024. Activated carbon is a type of carbon processed to have small and fewer amount of volume pores that increase the surface area offered for adsorption or else chemical reactions. It is also termed as activated charcoal. They are produced from source of carbonaceous materials, for example coal, nutshells, wood, coconuts, peat, and lignite. The prime raw material used for manufacturing of activated carbon is an organic material with a major carbon content. Activated carbon is typically derived from charcoal and is occasionally utilized as biochar. Those derived from coke and coal are referred as activated coke and activated coal respectively. They are widely used in air purification, gold purification, decaffeination, water purification, metal extraction, sewage treatment, medicine, air filters in respirators and gas masks, filters in compressed air and other applications.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The major aspects to drive the activated carbon market include increasing need of water treatment plants due to water scarcity and pollutions, increasing industrialization and urbanization in activated carbon sector, high demand in cosmetic industry, and stringent government regulations focusing to keep environment healthy in terms of safe water and air for living beings. However, high price of raw materials is expected to be a major hindrance for the market growth. Besides, rising per capita income, high pollution level, new product developments and launches are expected to equally influence the overall growth of the market in the forecast period.
The global activated carbon market is mainly classified on the basis of product type, application, end-use and geography. The classification by product type include powdered activated carbon, granular activated carbon and others. On the basis of application, the market is categorized as liquid phase and gaseous phase. By end-use the segmentation includes water treatment, pharmaceutical & medical, automotive, food & beverage processing, air purification and others Furthermore, by geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Based on geographical analysis, activated carbon market is segmented into North America, Europe, Asia-Pacific, Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consist of UK, Russia, Germany, Italy, France, and others. Asia-Pacific is segmented into China, India, Japan, South Korea, Taiwan, and others while RoW is bifurcated into South America, Middle East, and Africa.
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The key players operating in the global activated carbon market are Jacobi Carbons AB, Siemens Water Technologies Corp., ADA-ES, INC., Calgon Carbon Corporation, Kureha Corporation, Carbon Resources LLC, Carbo Tech AC GmbH, Cabot Corporation, Carbon Activated Corp., and CLARINEX Group among others.
The key takeaways from the report:
The report will provide detailed analysis of Activated Carbon Market with respect to major segments such as product type, application, and end-use
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Activated Carbon Market has been included in the report
Profile of the key players in the Activated Carbon Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of Activated Carbon Market:
Product Type Segments
Powdered Activated Carbon
Granular Activated Carbon
Others
Application Segments
Liquid Phase
Gaseous Phase
End-Use Segments
Water Treatment
Pharmaceutical & Medical
Automotive
Food & Beverage Processing
Air Purification
Others
Geographical Segments:
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
Italy
France
Others
Asia Pacific
China
India
Japan
South Korea
Taiwan
Others
RoW
South America
Middle East
Africa
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Table of Contents
Chapter 1 Prefix
1.1 Market Scope
1.2 Report Description
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
3.1 Market Inclination, Trend, Outlook and Viewpoint
3.2 Market Share Analysis: Company's Competitive Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Impact Analysis
3.3.2 Restraints
3.3.2.1 Impact Analysis
3.3.3 Opportunities
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