What is Global Extruded Activated Carbon Market?
The Global Extruded Activated Carbon Market is a vast and dynamic sector that has been gaining significant attention in recent years. Extruded activated carbon, also known as activated charcoal, is a form of carbon processed to have small, low-volume pores that increase the surface area available for adsorption or chemical reactions. This unique characteristic makes it a valuable resource in various industries. The global market for this product was valued at a substantial US$ 428.2 million in 2022. The market's value is projected to escalate to an impressive US$ 598.4 million by 2029. This indicates a steady Compound Annual Growth Rate (CAGR) of 3.2% from 2023 to 2029.
0.5-2 mm, 2-4 mm, Above 4mm in the Global Extruded Activated Carbon Market:
The Global Extruded Activated Carbon Market is segmented based on the size of the carbon particles. The sizes are categorized into 0.5-2 mm, 2-4 mm, and above 4mm. The 0.5-2 mm segment is widely used due to its high surface area that allows for better adsorption. The 2-4 mm size is preferred in applications where a balance between adsorption capacity and pressure drop is required. The above 4mm size, on the other hand, is used in applications where low-pressure drop is critical. Each size has its unique advantages and is chosen based on the specific requirements of the application.
Desulfurization, Denitrification and Mercury Removal, Air Purification, Water treatment, Solvent Recovery, Other in the Global Extruded Activated Carbon Market:
Extruded activated carbon has a wide range of applications. It is used for Desulfurization, Denitrification and Mercury Removal, Air Purification, Water treatment, Solvent Recovery, and other applications. In desulfurization, it helps remove sulfur compounds from natural gas and other gases. In denitrification, it aids in the removal of nitrogen oxides from flue gases. For mercury removal, it is used to adsorb mercury emissions from coal-fired power plants and other industrial sources. In air purification, it helps remove volatile organic compounds and other pollutants. In water treatment, it is used to remove organic compounds, chlorine, and other contaminants. Lastly, in solvent recovery, it helps recover valuable solvents from industrial processes.
Global Extruded Activated Carbon Market Outlook:
To rephrase the market outlook, the Global Extruded Activated Carbon Market is a thriving sector with a promising future. In 2022, the market was valued at a significant US$ 428.2 million. It is expected to grow at a steady pace, reaching an estimated value of US$ 598.4 million by 2029. This growth represents a Compound Annual Growth Rate (CAGR) of 3.2% during the forecast period from 2023 to 2029. The market is dominated by the top three manufacturers, who collectively hold a market share of over 20%. China is the leading producer of Extruded Activated Carbon, contributing over 50% of the global production. North America and Europe follow China in terms of production.
| Report Metric | Details |
| Report Name | Extruded Activated Carbon Market |
| Accounted market size in 2023 | US$ 495.7 million |
| Forecasted market size in 2029 | US$ 598.4 million |
| CAGR | 3.2 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Segment by Region |
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| By Company | Kuraray, Datong Coal Jinding Activated Carbon, Ningxia Huahui Activated Carbon, Inner Mongolia Taixi Coal Group, China Energy Investment Corporation, Norit, Datong CRRC Coal Chemical, Ningxia Jinbaoxing Activated Carbon, DESOTEC Activated Carbon, Shanxi Xinhui Activated Carbon, Osaka Gas Chemicals, Donau Carbon, Shanxi Huaqing Environmental Protection, Ningxia Bethel |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
