Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 5,482.50 Million | USD 9245.430 Million | 9.10% | 2021 |
FrequentlyAsked Questions
The main reasons anticipated to propel the activated carbons market during the forecast period are due to rising demand for activated carbon in water treatment applications, technological advancements, increased health awareness, and people's increasing capacity to receive medical services. The Global Activated Carbon Industry study offers a comprehensive analysis of the market.
According to the report, the global activated carbons market size was worth USD 5,482.50 million in 2021 and is estimated to grow to USD 9245.43 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.10 percent over the forecast period.
During the projection period, Asia Pacific is predicted to develop at the fastest CAGR. The chemicals, food and beverage, and energy sectors in China, India, and Indonesia are seeing substantial expansion, which is boosting demand for activated carbon in the regional market.
Some of the main competitors dominating the global activated carbons market include - Osaka Gas Co., Ltd., Cabot Corporation, Kuraray Co. Ltd, Haycarb Plc, Kureha Corporation, BASF Se, Donau Carbon Gmbh, Silcarbon Atkivkohle Gmbh, Prominent Systems Inc., and Oxbow Activated Carbon Llc.
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