Report : Asia-Pacific Activated Carbon Market Forecast to 2028 - COVID-19 Impact and Analysis by Type (Granular, Powdered, Pelletized, and Others) and Application (Water Treatment, Food and Beverages, Pharmaceuticals, Automotive, and Others)
Growing Demand for Wastewater Treatment Escalates Asia-Pacific Activated Carbon Market Growth
According to our latest market study on “Asia-Pacific Activated Carbon Market Forecast to 2028 – COVID-19 Impact and Analysis – by Type (Granular, Powdered, Pelletized, and Others) and Application (Water Treatment, Food and Beverages, Pharmaceuticals, Automotive, and Others),” the market is projected to reach US$ 4307.9 million by 2028 from US$ 2192.1 million in 2021; it is expected to grow at a CAGR of 10.1% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Activated carbon is a versatile adsorbent, with the capability for selectively adsorbing inorganic and organic materials. The material is highly used in water purification applications and is well known raw material in the automotive industry. Various research projects are being conducted to develop new innovative applications of activated carbon, including thermal and acoustic applications.
Favorable government policies for implementing wastewater treatment in countries such as China, Japan, South Korea, and India are driving the growth of the activated carbon market. For instance, the growth of the regulations for the direct release of industrial wastewater is leveraging the demand for activated carbon filtration products and systems. Activated carbon is increasingly being used in the automotive industry for applications such as air filtration, emission reduction, and acoustic applications. Thus, the growing demand for activated carbon in this industry is projected to boost the activated carbon market growth across Asia Pacific in the coming years.
A few of the major players operating in the Asia-Pacific activated carbon market are Osaka Gas Chemical Co Ltd; KURARAY CO., LTD.; HAYCARB (PVT) LTD.; CABOT CORPORATION; KUREHA CORPORATION; Activated Carbon Technologies Pty Ltd; ALBEMARLE CORPORATION; CPL ACTIVATED CARBONS; JACOBI CARBONS GROUP; CALGON CARBON CORPORATION; James Cumming; and Sons Pty Ltd.
Impact of COVID-19 Pandemic on Asia-Pacific Activated Carbon Market
The COVID-19 outbreak led to a significant economic loss in Asia-Pacific in 2020. The governments of various countries imposed lockdowns in early 2020 to restrict the spread of SARS-CoV-2, which disturbed the logistics and supply chains, thereby hampering the raw material availability for activated carbon production. Moreover, the lockdown also resulted in the disruption of manufacturing activities of activated carbon. However, as countries in Asia-Pacific eased the lockdown restrictions and accelerated vaccination efforts, the manufacturing sector picked pace in 2021, leading to a recovery in demand for activated carbon in different industries.
Asia-Pacific Activated Carbon Market
The report includes the segmentation of the Asia-Pacific activated carbon market as follows:
By type, the Asia-Pacific activated carbon market is segmented into granular, powdered, pelletized, and others. By application, the market is segmented into water treatment, food and beverages, pharmaceuticals, automotive, and others. By country/, the Asia-Pacific activated carbon market is segmented into Australia, China, India, Japan, South Korea, Indonesia, Malaysia, Thailand, Philippines, Vietnam, and New Zealand.
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