Activated Carbon Market Dynamics: Key Players, Trends, and Competitive Analysis
The global activated carbon market is currently undergoing substantial growth, primarily driven by the escalating demand for clean and safe potable water on a global scale. Carbon Activated Corp., a major industry participant, offers a comprehensive range of industrial solutions and municipal groundwater filter systems in the United States. Additionally, the company provides VOC/siloxane removal systems for biogas engines across Europe. As the global population continues to grow rapidly, the need for freshwater has surged, resulting in an increase in water purification efforts. Consequently, the global activated carbon market is anticipated to witness robust growth prospects in the near future.
For More Industry Insights Read: https://www.fairfieldmarketresearch.com/report/activated-carbon-market
In a report released by the World Health Organization (WHO) in the year 2020, it was revealed that over 2 billion people reside in nations that are water-stressed, a situation that is likely to worsen in some areas due to climate change and population expansion. Alarmingly, at least 2 billion people around the world consume water that has been tainted with feces. The most serious threat to drinking water safety is microbial contamination resulting from fecal pollution.
During the year 2020, approximately 5.8 billion people were able to access properly managed drinking water services, signifying the usage of improved on-premises water sources that were free from contaminants. However, the World Health Organization (WHO) estimated a total of 2 billion individuals without access to safely managed services in 2020. This group includes 1.2 billion people with basic services - defined as an improved water source within 30 minutes of their home, 282 million people with limited services - defined as an improved water source that requires more than 30 minutes to reach, 368 million people using unprotected wells and springs, and 122 million people collecting untreated surface water from lakes, ponds, rivers, and streams.
The activated carbon market is witnessing significant expansion due to strong demand across various end-use industries. The granulated activated carbon (GAC) segment is
expected to be the fastest-growing, driven primarily by applications in water treatment, air purification, and gas purification. GAC's larger particle size compared to powdered GAC enables effective removal of pollutants from liquids, air, and gases. Its applications span the food and beverage industry, wastewater treatment, and beyond. The ease of regeneration and reusability of GAC plays a pivotal role in its increasing demand.
The Asia Pacific region remains the world's largest consumer of activated carbon, a trend expected to continue in the forecast period. This is due to the region's strong demand for coconut shell-based activated carbon, widely used in water purification and gold mining. China, with its expansive pharmaceutical market, holds significant influence in the activated carbon industry. The need for advanced water treatment has surged due to increasing industrial water demands and evolving government regulations concerning pollution control.
In the competitive landscape, companies are actively introducing new products and establishing collaborations to address these challenges. For instance, Veolia expanded its water business in Japan by signing approval on the Miyagi Water and Wastewater Concession Project's operation. Similarly, Calgon Carbon Corporation announced plans to install a second virgin activated carbon production line in its Mississippi facility. Key industry players include Veolia, Kuraray Co. Ltd., Osaka Gas Co., Ltd., Cabot Corporation, Haycarb Plc, Calgon Carbon Corporation, and Kureha Corporation.
As global concerns about water scarcity and pollution persist, the activated carbon market emerges as a critical contributor to ensuring universal access to clean and safe drinking water. The industry's trajectory is marked by optimism, driven by innovative solutions and collaborative efforts propelling advancements in water treatment technologies.
Browse Activated Carbon Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 – By Product, Technology, Grade, Application, End-user, Region:
https://www.fairfieldmarketresearch.com/report/activated-carbon-market
Similar Reports:
Carbon Capture and Storage (CCS) Market:
https://www.fairfieldmarketresearch.com/report/carbon-capture-and-storage-ccsmarket
Carbon Dioxide Utilization Market:
https://www.fairfieldmarketresearch.com/report/carbon-dioxide-utilization-market