Harrisburg, NC -- (SBWIRE) -- 10/01/2020 -- The Activated Carbon market report recognizes the importance of investing in policies and processes to use trade as a tool for inclusive growth. Underlying this approach is a strategy to strengthen its export sectors and broaden the scope of the goods and services produced given the report's traditionally strong dependence on a narrow set of revenue-generating investment in the Activated Carbon Market. This report is a roadmap for Activated Carbon market exporters and policymakers to identify higher value-added products and markets with growth potential, as well as giving guidance to realize the opportunities and overcoming production challenges
The global activated carbon market size was estimated at USD 4.72 billion in 2018. It is expected to expand at a CAGR of 17.5% during the forecast period.
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Top Key Market Competitors Covered in the report:
Kuraray, Jacobi Carbons, Cabot Norit, Fujian Yuanli Active Carbon, Ingevity Corporation, ADA-ES, Haycarb, Datong Coal Jinding Activated Carbon, Ningxia Huahui Activated Carbon, Boyce Carbon, Active Char Products, Silcarbon Aktivkohle GmbH, Kureha Corporation, CarboTech AC GmbH, Donau Carbon
The United States is the leading importing country of the substance, followed by Germany and Japan. Asia-Pacific held the largest market share of 45% in 2017 and is projected to register the highest CAGR of over 9% during the review period.
Activated carbon, or charcoal, is widely being used in pharmaceutical or medical industry, where it has wide applications as an adsorbent to get rid of pollutants during the drug manufacturing. This is likely to aid the market growth further. The powdered type of the product is the dominant type of the product, accounting for more than 50% of the total industry.
Segment by Types:
Coal-based Activated Carbon
Wood-based Activated Carbon
Coconut-based Activated Carbon
Segment by Application:
Water Treatment
Air Purification
Mercury Control
Food & Beverages
Industrial Processes
Pharmaceuticals
Others
The findings show that the country has a wealth of untapped export potential, particularly within North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, and Other), and that realizing this potential can build competitiveness for future growth.
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The Activated Carbon market also presents new analysis on opportunities for upgrading to transformed products, taking into account the existing export structure and available inputs. It analysis the current trade challenges that the market faces and provides guidance on targeted avenues for enhancing export growth, diversification, and product upgrading by moving towards higher value-added products within a value chain.
Highlights of the report:
-Activated Carbon Market reveals the importance of investing in policies and processes to use trade as a tool for inclusive growth.
-Underlying this approach is a strategy to strengthen its significant information and broaden the scope of the services produced giving it strong dependence on a narrow set of revenue-generation.
-Developing a competitiveness strategy that focuses on diversifying its market and shifting to greater value addition in its products and services could place the market onto a more stable and sustainable development path with widespread benefits.
-Trade and Activated Carbon market access data are key in guiding and re-orienting policies towards the opportunities that promise the greatest benefits
-It ensures the widespread access to finance for global Activated Carbon market manufacturers, with improved connectivity to regional markets, and implementing an attractive and effective taxation system are overarching policies that will have a positive impact on the general business environment.
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This research presents an example of how relevant data – complemented by information from local stakeholders – can inform the trade-related decision-making of policymakers and the private sector; by transforming raw data to trade and Activated Carbon market intelligence. It gives a balance between policies that promote the current market effect and an innovative approach that invests in new tradable products with higher value-added and impact.
The Activated Carbon market report provides design and implements an informed trade and development strategy. Enhancing trade competitiveness is not always straightforward. Accordingly, this report provides a customized analysis for product upgrading focused on export diversification.
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