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The Global Activated Carbon market is predicted to rise with a CAGR of 9.25% over the forecast period of 2017-2025. The revenue generated by the market is also expected to rise up to $6632 million by 2025. The market is primarily being driven by factors such as the increasing demand for mercury control applications, innovations, and a high demand for granular and powdered activated carbon.
The Global Activated Carbon market is segmented on the basis of raw materials, applications, and types. The raw materials can be further classified into coal, coconut shell, wood, etc. wherein the coal market holds the largest market share. The applications for this market include water treatments, air purification, pharmaceuticals, automotive, etc. with the water treatment application leading the market; and the market type includes granular, pellet, and powdered form wherein a high demand for powdered type has been observed in the market.
The Global Activated Carbon market has been geographically segmented into North America (U.S. & Canada), Europe (UK, Spain, Germany, France, Italy, and Rest of Europe), Asia-Pacific (India, China Japan, Australia, South Korea, and Rest of APAC) and the Rest of World (Latin America, Middle East and Africa). The North American region is predicted to dominate the global market by the end of the forecast period, with the US being a primary contributor. Also, the Asia-Pacific market is expected to exhibit the fastest-growth during this period on account of the presence of a large number of low-cost vendors in the region.
Osaka Gas Co Ltd is a major player in the market with its headquarter in Japan. Calgon Carbon Corporation is another prominent market player in the global market that engages in the supply and manufacture of advanced ultraviolet light disinfection technologies, ion-exchange, and ballast water treatment methods. The other important market players include Cabot Corporation, Albemarle Corporation, Evoqua Water Technologies Llc, Kuraray Co., Ltd, Haycarb Plc, and Kureha Corporation.