Mercury emissions are hazardous to the environment and human health as they are released from coal-fired power plants. Many countries have set regulations against the amounts of toxins released from these power plants. Owing to Global Mercury Partnership, regulations and policies in advanced countries have been intensified. In developing countries, regulatory or legislative frameworks on mercury are not specifically established; however, mercury management is designed to prevent harmful emissions. Advanced control technologies, including hardware and software, reduce mercury emissions. Activated carbon is one of the most prominent hardware parts used in these technologies to filter air. The growing need for air purification is driving the demand for activated carbon in the region. The European Union (EU) is overcoming the challenge of mercury emissions by categorizing it as a Priority Hazardous Substance under the Water Framework Directive. The EU is also reviewing a law on mercury under European Green Deal zero pollution goals to create a toxic-free environment. While the use of mercury is banned in many applications in Europe, it is essential in the manufacturing of certain products. Therefore, the industries using mercury utilize activated carbon for air & water treatment to abide by the stringent laws in the region. Thus, the efforts taken to limit mercury emissions in various industries are driving the consumption of activated carbon in Europe.
Europe activated carbon market is segmented into granular, powdered, and pelletized and others. In 2020, the powdered segment accounted for the largest revenue share. Based on application, the Europe activated carbon market is segmented into water treatment, food and beverages, pharmaceuticals, automotive, and others. In 2020, the water treatment segment accounted for the largest revenue share. Similarly, based on country, the market is segmented into Germany, France, UK, Italy, Russia, the rest of Europe. Germany contributed a substantial share in 2020. Albemarle Corporation; CABOT CORPORATION; CALGON CARBON CORPORATION; CPL ACTIVATED CARBONS; HAYCARB (PVT) LTD; JACOBI CARBONS GROUP; KURARAY CO., LTD.; and Osaka Gas Chemical Co. Ltd are among the leading companies in the Europe activated carbon market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 559.20 Million |
| Market Size by 2028 | US$ 1,049.14 Million |
| CAGR (2021 - 2028) | 9.4% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Activated Carbon Market is valued at US$ 559.20 Million in 2021, it is projected to reach US$ 1,049.14 Million by 2028.
As per our report Europe Activated Carbon Market, the market size is valued at US$ 559.20 Million in 2021, projecting it to reach US$ 1,049.14 Million by 2028. This translates to a CAGR of approximately 9.4% during the forecast period.
The Europe Activated Carbon Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Activated Carbon Market report:
The Europe Activated Carbon Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Activated Carbon Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Activated Carbon Market value chain can benefit from the information contained in a comprehensive market report.
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