Chemical analysts at IndustryARC have recently compiled a thorough market report on activated carbon market that extensively cover details about the applications of products and end-user industries of the market. According to the analysis, the activated carbon market growth is expected to witness a comparatively moderate growth with a CAGR of 6.18% during the forecast period 2019-2025. In 2018, owing to high industrial applications, the market registered $3,560 million revenue.
The report is titled ‘Activated Carbon Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast 2019 – 2025. This report covers Activated carbon Market Size by Product and applications, Activated carbon market share by top 5 companies and also the market share by start-ups during the forecast period. Also covers details about the imperative aspects of the market that include market forces that have been responsible for the growth of the market and new industries that are soliciting the usage of this chemical.
View Full Table Of Contents @ https://www.industryarc.com/Research/Activated-Carbon-Market-Research-503141
Report Price(Single User): US $3850
Activated Carbon Market: Segmentation And Competitive Landscape
The analyst of the report states, ‘Coal-based power plants remain one of the major sources of flue gas globally. Strict regulations for pollution control across the world is expected to remain one of the key growth drivers for mercury control market in flue gas during the period of study.’ The analyst has done extensive research on key market players holding majority of shares in the activated carbon market. Key players included in the study are ADA-ES Inc., Haycarb PLC, Kureha Corporation, Calgon Carbon Corporation, Jacobi Carbons AB, MeadWestvaco Corporation, Carbon Activated Corporation, Clarinex Group, Cabot Corporation, Carbon Resources LLC and Kuraray Co. Ltd.
Activated carbon marketplace grow on a wide range of end-user industries such as industrial, medical, and cosmetic applications which have been soliciting its usage for various purposes. Industries are using activated carbon for metal finishing in electroplating method. Moreover, Medical industry use activated carbon in drugs for curing diarrhea, ingestion, and overdose of oral medicines.
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Activated Carbon Market: Disruptive Trends And Regional Analysis
The cosmetics industry has now started using activated carbon in face packs, face washes, and similar products. This has been a disruptive trend in the activated carbon market and several cosmetic companies have followed the same suit. Ever since its usage in cosmetic products, activated charcoal market has seen a considerable rise in demand as these products are some of the highest used consumer goods in the world.
APAC is the geographical leader of global activated carbon market with a regional share of 40% in 2018. Several important factors have contributed towards this development including large-scale production from manufacturing industries of China, and maximum export of consumer goods from China, India, and Japan. Another additional factor is the presence of oil industries in the Middle East which use activated carbon for fuel storage.
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