Kenneth Research, in its repository of market research reports, has recently added a report on Activated Carbon Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Activated Carbon Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
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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A report on Activated Carbon Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021.
On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
At Verified Market Research, we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to our research team, the Global Activated Carbon Market was valued at USD 5.41 billion in 2017 and is projected to reach USD 10.73 billion by 2025, growing at a CAGR of 9.1% from 2018 to 2025.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Our research study mainly includes an in-depth study of the market which includes major drivers, restraints, opportunities and challenges faced in the market along with the latest industrial trends.
Activated carbon is an organic compound which is porous in nature and has a function of adsorbing all the impurities. Activated carbon can be classified as granular activated carbon and powdered activated carbon and has its applications in various industries such as food and beverages, waste water treatment and air purification systems. Activated carbon is a trending application designed as an eco-friendly strategy and is supported by the government regulations as well.
Increasing need to ensure and check air and water quality along with extensive use of activated carbon in food and beverage industry has been driving the global activated carbon market, lately. While stringent rules and regulations imposed by the government for the manufacture and usage of activated carbon acts a potential restraints for the overall market at a global level.
The “Global Activated Carbon Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Osaka Gas Co., Ltd., Cabot Corporation, Kuraray Co., Calgon Carbon, Haycarb, Kureha Corporation, Donau Carbon GMBH, Silcarbon Aktivkohle GMBH, Prominent systems Inc., Oxbow activated carbon LLC . Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
As a part of market estimation, the study also comprises a list of tables and figures for the “Global Activated Carbon Market” which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application and geography.
On the basis of type, the Global Activated Carbon Market can be categorized by two primary types; powdered activated carbon and granular activated carbon. This market study also features the market analytics based on the industry which includes water treatment, food and beverage, pharmaceutical and medical as well as automotive and air purification. In terms of geography, Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.
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