Activated Carbon Market 2022 Deep Analysis of Current Trends and Future Demand by Top Key Players By 2030Posted by Mrudula Karmarkar on September 20th, 2022 The global activated carbon market size is expected to reach USD 4.45 billion by 2030, expanding at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the need for a powdered and granular form of activated carbon, which is expected to increase as the demand for water and air purification in coal-fired plants grows and clinker cement industries. Activated carbon, also known as activated charcoal, is a porous form of carbon which is made by processing with oxygen. It is in a non-graphite carbon form which is produced from any carbonaceous material such as coconut shell, paddy husk, wood, lignite, coir pith, coal, etc. It is used in refining and bleaching of chemical solutions and vegetable oils, recovery of solvents and other vapors, water purification, recovery of gold, in filters to protect against gases and in gas masks. It is available in various grades and forms, and finds frequent use in:
Activated carbon is manufactured using chemical activation and steam activation which is a two-step process. The first step includes carbonizing raw material such as coal, peat, coconut shell or any other material; the second step involves activating with the help of oxygen or chemical treatment to develop pores. Products manufactured from lignite, bituminous and anthracite, sub-bituminous, coconut shell charcoal and wood are the key activated carbon products that are used globally. Activated carbon can be classified as powdered carbon, granular carbon and others. Powdered carbon is used for water treatment and mercury removal and is made by chemical activation process. Granular carbon is made by steam activation process and is used in purification of gas. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/activated-carbon-market/request/rs1 The activated carbon market is a highly attractive and important one, owing to the following factors:
Key opportunities over the next few years include developing market for coal fired plants or for removing mercury from flue gas. The application areas include vapor, gas and liquid treatments such as removal of chlorine and its by-products, medicinal uses, in gas masks and water treatment. Additionally, it is used for decolorizing sweetener and sugar, off gas treatment, production of fine chemicals, deodorization of fruit juices, gold recovery, catalytic process, automotive transistors, etc. Carbons manufactured from coal or coconut shells are used in water filters. Prices of coal differ from country to country, with the U.S. and China deemed to be the most important ones. Activated Carbon Market Report Highlights
The presence of many multinational players in the market has resulted in high competition. These companies look forward to investing in research and development to achieve product differentiation. Governments and companies are making efforts to encourage the use of the product among the key end-use industries. All these factors are expected to benefit the activated carbon market during the next forecast period. Companies such as Cabot Corporation have fully integrated their processes. Raw material procurement, product preparation, and distribution processes are fully integrated. The full integration strategy adopted by companies is done to offset the volatility involved in raw material procurement and to implement strict quality parameters on production. Some prominent players in the global activated carbon market include:
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