In this blog post, we will delve into the latest statistics and trends within the activated carbon industry. Activated carbon plays a crucial role in various sectors, including water treatment, air purification, and pharmaceuticals. By examining key industry statistics, we can gain valuable insights into market dynamics, growth opportunities, and challenges facing this essential sector. Join us as we explore the fascinating world of activated carbon industry statistics.
The Latest Activated Carbon Industry Statistics Explained
In 2020, the global activated carbon market size was valued at $4.66 billion.
The statistic indicates that in the year 2020, the worldwide activated carbon market had a total value of $4.66 billion. This figure represents the total revenue generated within the industry for activated carbon products during that year. Activated carbon is a highly versatile material used in various applications such as water treatment, air purification, and industrial processes. The market size value provides an insight into the scale and economic significance of the activated carbon industry on a global scale in 2020, indicating the level of demand and market activity within the sector during that period.
The activated carbon market is projected to reach $8.12 billion by 2025.
The statistic “The activated carbon market is projected to reach $8.12 billion by 2025” represents a forecasted estimate of the value of the global activated carbon market in the coming years. This projection suggests a significant growth in the market size from its current value, indicating a potential increase in demand for activated carbon products and services across various industries such as water treatment, air purification, and pharmaceuticals. The projected figure of $8.12 billion highlights the expected economic impact and market opportunities for businesses operating within the activated carbon industry by the year 2025, serving as a valuable insight for industry stakeholders, investors, and policymakers to make informed decisions and strategic plans.
The global activated carbon industry is expected to grow at a compound annual growth rate (CAGR) of 17.5% from 2020 to 2027.
The statistic indicates that the global activated carbon industry is projected to experience significant growth over the period from 2020 to 2027, with an expected compound annual growth rate (CAGR) of 17.5%. This CAGR represents the average annual growth rate expected over the entire time period, suggesting a rapid expansion in the market for activated carbon products. Such strong growth signals increasing demand for activated carbon across various industries, likely driven by factors such as environmental regulations, growing awareness of water and air pollution, and the increasing adoption of activated carbon for diverse applications such as water treatment, air purification, and gas adsorption.
Powdered activated carbon dominated the product segment with a share of 56.8% in 2019.
This statistic indicates that in 2019, powdered activated carbon was the most widely used product in its segment, accounting for 56.8% of the total market share. This suggests that powdered activated carbon was preferred by consumers and industries over other types of activated carbon products. The dominance of powdered activated carbon in the market segment implies that it is likely perceived as the most effective or cost-efficient option among available choices. This information is valuable for understanding market trends and dynamics within the activated carbon industry, highlighting the significance of powdered activated carbon as a key player in the market.
The water treatment segment led the market and is projected to grow at a CAGR of 16.7% from 2021 to 2027.
This statistic indicates that the water treatment segment currently holds the largest market share within a specific industry or sector, with expectations for substantial growth over the coming years. The market is projected to experience a Compound Annual Growth Rate (CAGR) of 16.7% from 2021 to 2027, highlighting the sector’s potential for significant expansion and increasing demand for water treatment solutions. This growth rate suggests a positive outlook for companies operating in this segment, as they are expected to benefit from a growing market and increasing opportunities for business expansion and revenue generation.
Asia Pacific dominated the activated carbon market in 2019 with a share of 32.7%.
The statistic indicates that in 2019, the Asia Pacific region held the largest market share in the activated carbon industry at 32.7%. This means that nearly one-third of the global activated carbon market was captured by countries in the Asia Pacific region. The dominance of the Asia Pacific region in this market signifies its significant presence in terms of production, consumption, and overall industry influence. Factors contributing to this dominance could include the presence of key manufacturers, abundant raw materials, and favorable market conditions in the region. This statistic highlights the importance of the Asia Pacific region in the activated carbon market and its role in shaping the industry’s dynamics on a global scale.
In Asia Pacific, the activated carbon market will grow at a CAGR of 18.2% from 2020 to 2027.
This statistic indicates that the activated carbon market in the Asia Pacific region is projected to experience significant growth over the period from 2020 to 2027, with a Compound Annual Growth Rate (CAGR) of 18.2%. This implies that the market size of activated carbon in this region is expected to expand steadily at an average annual rate of 18.2% over the specified time frame. The strong growth forecast suggests increasing demand for activated carbon products across various industries in the Asia Pacific region, such as water treatment, air purification, and chemical processing, driving the expansion of the market at a rapid pace.
China is the leading consumer of activated carbon, accounting for 43% of the total APAC market in 2019.
The statistic indicates that China consumed the largest amount of activated carbon in the Asia-Pacific (APAC) region in 2019, holding a significant share of 43% of the total market. Activated carbon is widely used for various applications like water purification, air filtration, and industrial processes due to its high adsorption capabilities. China’s dominant position as the leading consumer suggests a high demand for activated carbon within the country, likely driven by factors such as rapid industrialization, environmental regulations, and a growing population. This statistic highlights China’s significant influence on the APAC activated carbon market and underscores the importance of the country in shaping the global demand for this versatile material.
Granular activated carbon accounted for 34.2% of the global demand in 2019.
This statistic indicates that granular activated carbon (GAC) made up approximately 34.2% of the total global demand for activated carbon in 2019. Activated carbon is widely used in various industries for its adsorption properties, and GAC is a common form that is granular in structure, allowing for higher surface area and increased adsorption capacity. The fact that GAC accounted for over a third of the global demand suggests its significant role in applications such as water purification, air filtration, and industrial processes. This information can be valuable for businesses in the activated carbon industry to understand market trends and cater to the demand for GAC products.
Pharmaceuticals held 9.5% of the activated carbon market in 2019.
The statistic “Pharmaceuticals held 9.5% of the activated carbon market in 2019” indicates that within the activated carbon industry in 2019, pharmaceutical companies accounted for 9.5% of the total market share. This suggests that pharmaceutical companies were significant players in the activated carbon market, likely utilizing activated carbon for various purposes such as purification, filtration, or other processes related to their industry. The statistic provides insight into the distribution of market influence among different sectors within the activated carbon industry and highlights the importance of the pharmaceutical sector in this specific market segment during the specified year.
The global activated carbon for mercury control market in flue gas is expected to reach $15.2 billion by 2025.
This statistic indicates that the global market for activated carbon used for mercury control in flue gas is projected to grow significantly and reach a value of $15.2 billion by the year 2025. This growth in market value signifies an increasing demand for activated carbon in industries and processes where controlling mercury emissions is crucial for environmental and regulatory compliance. The rising awareness of the harmful effects of mercury on both human health and the environment is likely driving this market expansion, as industries seek effective solutions to minimize mercury pollution in their flue gas emissions.
In 2019, North America had 29% market share followed by Europe at 25.8% in the global activated carbon market.
The statistic indicates the market share distribution of the global activated carbon market in 2019, with North America accounting for 29% of the market share and Europe following closely behind with a share of 25.8%. This suggests that North America was the largest regional market for activated carbon products, with a substantial portion of the global market being attributed to this region. Europe also held a significant market share, albeit slightly lower than that of North America. Understanding these market shares can help companies in the activated carbon industry identify key regions for potential growth opportunities and strategic investments based on market trends and demand in each region.
The U.S. activated carbon market size was estimated at $1.2 billion in 2019.
The statistic indicates that in 2019, the market for activated carbon in the United States was estimated to be worth $1.2 billion. Activated carbon is a highly porous form of carbon that is used in a variety of applications such as water treatment, air purification, and gas adsorption. The market size of $1.2 billion signifies the total value of activated carbon products sold within the United States during that year. This data point provides insight into the significant demand for activated carbon products in the U.S. and suggests a growing market for such applications.
The food and beverage segment is likely to register a CAGR of 20.7% from 2020 to 2027.
The statistic stating that the food and beverage segment is likely to register a Compound Annual Growth Rate (CAGR) of 20.7% from 2020 to 2027 indicates the expected annual growth rate of the industry over this period. A CAGR is a useful metric for evaluating the growth rate of an industry or a company over multiple years, as it smooths out the fluctuations in year-to-year growth. In this case, a CAGR of 20.7% suggests a rapid and substantial increase in the market size and revenue of the food and beverage segment. This positive trend could be driven by various factors such as changing consumer preferences, innovation in products, technological advancements, and increasing demand for convenience foods. Businesses operating in this industry can use this statistic to make strategic decisions and plan for future growth opportunities.
The activated carbon market for air purification is expected to grow at a CAGR of above 5% during the forecast period 2020-2025.
This statistic indicates that the market for activated carbon used in air purification is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 5% from the year 2020 to 2025. This forecast suggests significant growth opportunities within the industry over the specified period, pointing towards an increasing demand for activated carbon as an effective solution for air purification purposes. Factors such as growing awareness of air quality issues, stringent environmental regulations, and the rising adoption of air pollution control technologies are likely to drive this market expansion, leading to a positive outlook for companies operating in the activated carbon sector.
The global demand for activated carbon was over 2,100 kilotons in 2020.
The statistic indicates that the worldwide demand for activated carbon exceeded 2,100 kilotons in the year 2020. Activated carbon is a highly porous material that is widely used for various applications such as water purification, air filtration, and gas processing due to its ability to adsorb pollutants and impurities effectively. The significant demand for activated carbon suggests a growing concern for environmental sustainability and the need for clean and safe water and air quality globally. This statistic reflects the importance of activated carbon in addressing environmental challenges and highlights its essential role in ensuring a healthier and cleaner environment for people worldwide.
The top three companies, Osaka Gas, Cabot, and Kuraray held a combined share of roughly 59% in 2019 in the global activated carbon market.
The statistic indicates the dominance of the top three companies, Osaka Gas, Cabot, and Kuraray, in the global activated carbon market for the year 2019. These companies collectively held approximately 59% of the market share, implying a significant level of market concentration. This suggests that these top players have a substantial influence on the market dynamics and competitive landscape of the activated carbon industry. Their strong market presence underscores their strategic positioning and competitive advantage in terms of production capacity, distribution networks, technology, and possibly brand recognition, making them key players driving trends and shaping the market forces within the activated carbon sector.
The impregnated activated carbon market size is expected to reach $5.27 billion by 2026.
This statistic indicates that the impregnated activated carbon market is projected to grow significantly over the next few years, with an expected market size of $5.27 billion by the year 2026. This growth suggests a rising demand for impregnated activated carbon products, which are commonly used for various applications such as air and water purification, gas treatment, and removal of contaminants in industrial processes. The increasing focus on environmental sustainability and stricter regulations on pollution control are likely driving this market expansion. As such, companies operating in the impregnated activated carbon sector may benefit from this anticipated market growth and potential opportunities for innovation and expansion.
Activated carbon used in industrial processes accounted for 21.74% of the global demand in 2019.
This statistic indicates that activated carbon usage in industrial processes made up 21.74% of the total global demand for activated carbon in the year 2019. Activated carbon is commonly utilized in various industrial applications for its ability to adsorb impurities and contaminants from gases and liquids. The significant share of industrial usage suggests that industries such as water treatment, air purification, and food and beverage processing are major consumers of activated carbon for their operations. Understanding this distribution of demand is important for both producers and consumers of activated carbon to assess market trends, plan production capacities, and make informed decisions regarding procurement and utilization of this essential industrial material.
Annual demand for activated carbon in HVAC (heating, ventilation, and air conditioning) systems is projected to rise by 7% through to 2026.
The statistic indicates that the annual demand for activated carbon in heating, ventilation, and air conditioning (HVAC) systems is expected to increase by 7% each year up to the year 2026. This projection suggests a growing need for activated carbon within HVAC systems, likely driven by factors such as an increase in HVAC installations, a trend towards more energy-efficient systems, or a rise in awareness regarding indoor air quality. The projected rise in demand signifies potential opportunities for businesses operating in the activated carbon industry to expand their market presence and cater to the growing demands of the HVAC sector in the coming years.
References
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4. – https://www.www.prnewswire.com
5. – https://www.www.fortunebusinessinsights.com
