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Global European activated carbon market
DUBLIN, Feb. 14, 2024 (Globe Newswire) — The “European Activated Carbon Market – Global Industry Size, Share, Trends, Opportunities and Forecasts, 2018 to 2028” report has been added. ResearchAndMarkets.com Recruitment.
The European activated carbon market was valued at USD 3.82 billion in 2022 and is anticipated to witness steady growth at a CAGR of 5.38% till 2028 during the forecast period.
The European activated carbon market is witnessing significant growth due to increasing awareness of environmental issues, strict regulations on air and water quality, and expanding applications of activated carbon in various industries. Activated carbon is a highly porous carbonaceous material with a large internal surface area and is widely used for adsorption and purification purposes in several industries. Their ability to remove pollutants from air, water, and gases makes them important elements in environmental protection, water treatment, and various industrial processes.
Stringent regulations imposed by European governments and the European Union (EU) regarding air and water quality, emission controls, and waste management have significantly increased the demand for activated carbon in pollution control applications. The need for safe drinking water and wastewater treatment in compliance with regulatory standards is driving the use of activated carbon in water treatment plants, which is a major driver of the market.
Increasing awareness of indoor air quality and the need to remove volatile organic compounds (VOCs) and odors in commercial and residential buildings are driving the use of activated carbon in air purification systems. Pharmaceutical and medical industries are adopting activated carbon for drug purification, kidney dialysis, and poisoning treatment, contributing to the market growth.
Activated carbon prices can be affected by price fluctuations in raw materials, especially coal and coconut shells, which affects both manufacturers and end users. Sustainability concerns and the need for responsibly sourced raw materials are creating challenges for the activated carbon industry.
The demand for activated carbon is increasing in Eastern European countries, and an untapped market opportunity exists for industry players. Tailoring activated carbon products to meet the needs of specific industries such as food and beverage, automotive, and pharmaceuticals can lead to new avenues of growth.
The implementation of activated carbon regeneration and recycling processes is gaining momentum, providing a sustainable alternative and reducing operating costs. The development of bio-based activated carbon derived from sustainable sources such as agricultural waste is an emerging trend consistent with environmentally friendly initiatives.
Incorporating nanotechnology into the production of activated carbon has increased its adsorption capacity and effectiveness in a variety of applications. The use of digital technology to monitor and optimize activated carbon usage in industrial processes is increasing, leading to increased efficiency and cost reduction.
The European activated carbon market is experiencing strong growth mainly due to environmental regulations, water treatment needs, air purification demand, and expanding industrial applications. Challenges related to price volatility and sustainable sourcing are being addressed through innovations in material sourcing and production processes.
Emerging trends such as reclamation and recycling, bio-based activated carbon, nanotechnology integration, and digitalization are shaping the future of the industry. To capitalize on these opportunities, industry players should focus on sustainable practices, customization, and the development of advanced activated carbon products that meet the evolving needs of various sectors. As the importance of environmental protection and pollution prevention continues to grow, activated carbon is poised to play a pivotal role in addressing these challenges across Europe.
Key market drivers
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Increasing demand from water treatment sector is key driver for European activated carbon market growth
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Rising demand for pharmaceutical and medical applications drives demand for European activated carbon market
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Increasing awareness of indoor air quality and the need for volatile organic compound (VOC) removal
Key market challenges
Key market trends
Report scope:
In this report, the European Activated Carbon market is segmented into the following categories in addition to the industry trends detailed below:
Europe Activated Carbon Market, By Type:
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glue
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Se powdered activated carbon (PAC)
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Granular activated carbon (GAC)
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Extruded or pelletized activated carbon
European activated carbon market, by technology:
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Powdered activated carbon (PAC)
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Granular activated carbon (GAC)
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Extruded or pelletized activated carbon
European activated carbon market, by region:
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France
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Germany
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England
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Italy
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Spain
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Finland
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Greece
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Portugal
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Bulgaria
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Netherlands
Some of the companies mentioned in this report include:
For more information about this report, please visit https://www.researchandmarkets.com/r/vn0zuy.
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