Industry Background:
Activated carbon filters are small pieces of carbon, powdered block form or typically in granular, which have been treated to be extremely porous. Activated carbon filters market has high growth prospects due to the purification of water and elimination of air velocity, humidity, and temperature. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the electronics and electrical industry.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Calgon Carbon Corporation (United States), Osaka Gas Co. Ltd (Japan), Cabot Corporation (United States), Haycarb Plc (Sri Lanka), Kuraray Chemical Co. Ltd (Japan), KUREHA CORPORATION (Japan), Donau Carbon GmbH (Germany), Silcarbon Akilotonivkohle GmbH (Germany) and Oxbow Activated Carbon LLC (United States) |
This growth is primarily driven by Increasing Demand for Water Treatment Activities and Growing Government Projects.
Globally, a noticeable market trend is evident Value-Oriented Customers
The Water Utilities sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Calgon Carbon Corporation (United States), Osaka Gas Co. Ltd (Japan), Cabot Corporation (United States), Haycarb Plc (Sri Lanka), Kuraray Chemical Co. Ltd (Japan), KUREHA CORPORATION (Japan), Donau Carbon GmbH (Germany), Silcarbon Akilotonivkohle GmbH (Germany) and Oxbow Activated Carbon LLC (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In April 2020, Cabot Corporation had acquired Shenzhen Sanshun Nano New Materials Co., Ltd. (SUSN) (China). This acquisition would thereby help the company to strengthen its market position in the APAC region.
In January 2020, Kuraray had expanded its activated carbon facility in Mississippi, USA, thereby adding 50 million pounds of granular activated carbon (GAC) capacity annually. GAC is used as a filter medium in activated carbon filters. This expansion would help the company meet the growing demand for activated carbon filters in the North American region. and In November 2019, Cabot Corporation had expanded its carbon black manufacturing facility in Cilegon, Indonesia by 80,000 metric tons of additional annual production capacity. This expansion was in line with the company's global expansion strategy so as to improve its global presence.
Regulatory Insights:
Establishment of national quality standards for ambient air by the US EPA, the US Clean Air Act, and comprehensive strategies for reducing emissions by Environment Canada.
Influencing Trend:
Value-Oriented Customers and Increasing Demand From Asia-Pacific Regions
Market Growth Drivers:
Increasing Demand for Water Treatment Activities and Growing Government Projects
Challenges:
Weak Economics Anticipated to Challenge the Market Growth and Fluctuation of Raw Materials Price
Restraints:
Sluggish Market Expansion and Stringent Government Rules and Regulations
Opportunities:
Research and Development Activities Boost the Market and Introduction of Reactivated Carbon Propelled the Market Growth
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Activated Carbon Air Filters Market
- Analysis about New Entrants in Activated Carbon Air Filters Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Activated Carbon Air Filters Study Sheds Light on
The Activated Carbon Air Filters Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Activated Carbon Air Filters industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Activated Carbon Air Filters industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.