Market Size of United States Activated Carbon Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
United States Activated Carbon Market Analysis
The United States activated carbon market is estimated to witness a healthy growth, at an estimated CAGR of over 3%, over the forecast period. Key factors driving the market growth include augmenting prominence for air pollution control. However, the market faces few challenges, such as narrower markets, due to increased costs of some grades of activated carbon, and the threat of substitutes, like silica gel and super sand.
- Conformance to stringent environmental regulations in water treatment application is expected to drive the growth during the forecast period.
- Emerging applications in the medical and pharmaceutical sector are likely to act as an opportunity in the future.
United States Activated Carbon Industry Segmentation
The United States activated carbon market report includes:
Product Type | |
Powdered Activated Carbon | |
Granular Activated Carbon | |
Extruded or Pelletized Activated Carbon |
Application | |
Gas Purification | |
Water Purification | |
Metal Extraction | |
Medicine | |
Other Applications |
End-user Industry | |
Water Treatment | |
Food & Beverage | |
Healthcare | |
Automotive | |
Industrial Processing | |
Other End-user Industries |
United States Activated Carbon Market Size Summary
The United States activated carbon market is poised for robust growth, driven by increasing demand for air pollution control and adherence to stringent environmental regulations, particularly in water treatment applications. Despite challenges such as rising costs and competition from substitutes like silica gel and super sand, the market is expected to expand. The medical and pharmaceutical sectors present significant opportunities, with activated carbon being utilized for various applications, including cholesterol reduction, pregnancy-related treatments, and as an active ingredient in over-the-counter remedies. Its superior adsorbing capabilities make it valuable in pharmaceutical processing, ensuring product purity and reducing contamination without altering pH levels.
In industrial processing, activated carbon plays a crucial role in purification, recovery, and substance removal, supporting processes such as phosgene production and mercaptan removal in petroleum distillates. The growing industrial activities in the United States further bolster the demand for activated carbon, as it is essential for purifying gas streams and recovering valuable solvents. The market is consolidated, with major players like Cabot Corporation, Ingevity, and PURAGEN ACTIVATED CARBONS dominating the landscape. These factors collectively indicate a promising growth trajectory for the activated carbon market in the United States over the forecast period.
United States Activated Carbon Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Conformance to Stringent Environmental Regulations In Water Treatment Applications
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1.1.2 Augmenting Prominence for Air Pollution Control (Especially Mercury Removal)
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1.2 Restraints
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1.2.1 Narrower Markets Due to Increased Costs of Some Grades of Activated Carbon
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1.2.2 Threat of Substitutes Like Silica Gel and Supersand
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Import and Export Trends
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1.6 Price Trends
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Powdered Activated Carbon
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2.1.2 Granular Activated Carbon
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2.1.3 Extruded or Pelletized Activated Carbon
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2.2 Application
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2.2.1 Gas Purification
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2.2.2 Water Purification
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2.2.3 Metal Extraction
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2.2.4 Medicine
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2.2.5 Other Applications
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2.3 End-user Industry
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2.3.1 Water Treatment
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2.3.2 Food & Beverage
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2.3.3 Healthcare
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2.3.4 Automotive
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2.3.5 Industrial Processing
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2.3.6 Other End-user Industries
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United States Activated Carbon Market Size FAQs
What is the current United States Activated Carbon Market size?
The United States Activated Carbon Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in United States Activated Carbon Market?
Cabot Corporation, Ingevity, PURAGEN ACTIVATED CARBONS, Kuraray Co., Ltd and Donau Chemie AG are the major companies operating in the United States Activated Carbon Market.