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The Global Activated Coal Market Forecast:
The market for activated coal worldwide is estimated to be worth USD 5.7 billion in 2021. It is expected to grow to the figure of USD 8.9 billion in 2026 at an annual rate of 9.3% between 2021 and 2026. The primary driver of the market for activated coal is its use for water treatment and air purification, as well as the strict government regulations for the elimination of mercury in power stations, which have resulted in a growing acceptance of activated coal.
The Global Activated Coal Market Overview:
The market for activated coal was estimated at USD 5.7 billion in 2020. The market is expected to grow at an annual growth rate of 9.3% over the forecast timeframe (2021-2026).
As a result of COVID-19, the economies of many countries have been severely affected, and various industries' production and growth have decreased. However, the use of activated coal in masks for the face has helped boost the market, while the demand for masks for facial use increased because of the pandemic.
Many manufacturing companies were operating on the brink of a halt, but a few kept their supply flow and ensured that industries that depend on their products were alive, including Haycarb. Haycarb PLC, in the fight against the global pandemic, donated 3,000 masks for face use from Oxypura Care brand equipped with coal filters and the TDK 20 filtering material.
In the near long term, the major drivers of the market being studied are conformity to strict environmental regulations in the water treatment industry within the United States and augmenting prominence in air pollution control (especially removal of mercury).
On the other hand, smaller markets due to the rising costs of certain types of activated coal as well as the risk of substitutes such as supersand and silica gel will likely slow the expansion of the market being studied.
Asia-Pacific has dominated the market around the globe, with the most consumption coming from countries including China along with Japan.
Market Trend and Dynamics of the Global Activated Coal Market:
Increasing Demand for Water Treatment Application
Water treatment is the most significant activation process that activates carbon. The majority of Water treatment filter is comprised of activated carbon granules.
Quantitatively the segment of water treatment is predicted to have the highest share, accounting for approximately 50% of the market by 2020.
It's used for the elimination of organic chemicals and colorants and also reduces the number of trace substances, like chemicals.
Activated coal can be used for polishing to eliminate dissolved organic and non-biodegradable substances by following biological and physical pre-treatment methods to remove organic matter and to reduce the demand for oxygen in biological systems.
Activated coal eliminates contaminants from water by adsorption on the surface. Utilizing activated coal to purify water can also be the best economical point-of-use (POU) for a water purification system.
China to Dominate the Market in the Asia-Pacific Region
The Asia-Pacific region is predicted to be the most dominant market, and with China being the leading market.
Within the Asia-Pacific region, China has the highest share of economic activity by GDP. China witnessed a 6.1% growth in its GDP in 2019, despite the disruption in trade due to the dispute with the United States.
The rate of economic growth in China in the year 2020 was initially anticipated to be lower when compared to the prior year. But, because of COVID-19's emergence at the beginning of 2020, the development of China is predicted to decrease to a certain extent, and will likely see growth in 2021.
China is the second-largest consumer of activated coal, following that of the United States. Activated coal is extensively used in the fields of water treatment, health and food automotive industries, as well as industrial processing.
The increasing demand for water from the industry and new regulations of the government for the prevention of water pollution as well as the control plans have increased the need of water treatments in the last times.
In addition, according to official data, the shortage of water in China's coastal regions is predicted to be 21.4 billion m3 in 2030. This water shortage for residential and industrial use is likely to boost the need for water treatment over the forecasted time.
The reason for this is the presence of the steel, coal and iron industries, which require water to run their everyday tasks.
Key Benefits for Stakeholders:
The report offers a comprehensive analysis of current and emerging global market for Activated Coal Market trends and dynamics.
An extensive research of markets is carried out through the constructing market estimates for the most important segments of the market between 2021 and 2026.
A comprehensive study of market trends is done through the analysis of key positioning for products and monitoring the leading competitors within the framework of the market.
An extensive analysis of each region is offered to help determine the current market opportunities for Activated Coal Market.
The Global Activated Coal Market forecast analysis for 2021 to 2026 is contained in the report.
The main key players within the market are profiled in this report, and their strategies are extensively analyzed and It helps to determine the future competitive landscape of the market.
The Key Market Segmentation of the Global Activated Coal Market:
Global Activated Coal Market can be divided into Product Types, Application, End-User Indusrty, and Geographical landscapes, etc.
Activated Coal Market Segmentation By Product Type:
Powdered Activated Carbons (PAC), Granular Activated Carbons (GAC), Extruded or Pelletized Activated Carbon
Activated Coal Market Segmentation By Product Application:
Gas Purification, Water Purification, Metal Extraction, Medicine, Other Applications
Activated Coal Market Segmentation By End-user Industry:
Water Treatment, Food and Beverage, Healthcare, Automotive, Industrial Processing, Other End-user Industries
Activated Coal Market Segmentation By Geographical Landscape:
Middle East and Africa
Key Market Players of Activated Coal Market:
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