Global Activated Carbon Filters Market Size, Trends & Analysis with Covid-19 Impact - Forecasts To 2026 By Type (Stainless Steel Shell, Carbon Steel Shell, Others), By Application (Industrial Water Pollution Treatment, Drinking Water Purification, Food & Beverage, Pharmaceutical, Others), By Region (North America, Europe, Asia Pacific, MEA, CSA), Vendor Landscape, End User Landscape and Company Market Share Analysis & Competitor Analysis
Activated Carbon Filters Market Insights
The global activated carbon filters market is estimated to witness a significant CAGR during the forecast period (2020-2026). Activated carbon filters are used via pressure swing adsorption phenomenon (PSA) to separate components of the gas. The growing demand for various water treatment activities and air purification are some of the factors driving the market growth. Moreover, growing product demand in a wide range of applications is one of the significant factors driving the market growth. An increase in demand for carbon filters for municipal water treatment and increasing investments in infrastructure is propelling the market. However, stringent environmental rules and regulations and weak economic growth are some of the factors hampering the market growth.
Activated Carbon Filters Market Size: By Type
Based on type, the global activated carbon filters market is segmented into stainless steel shell, and carbon steel shell, among others. The stainless steel shell segment is expected to hold the largest market share during the forecast period due to its less-corrosive properties and durability. Moreover, carbon steel shell activated carbon filters are less durable due to its corrosive nature.
Activated Carbon Filters Market Size: By Application
Based on application, the global activated carbon filters market is segmented into industrial water pollution treatment, drinking water purification, pharmaceutical, and food & beverage, among others. The industrial water pollution treatment segment is expected to hold the largest market share in terms of revenue during the forecast period due to the adoption of stringent government rules and environmental agencies to control water pollution. The activated carbon filters are used to treat industrial waste in-order to re-use it again in the manufacturing process.
Activated Carbon Filters Market Size: By Region
Based on region, the global activated carbon filters market is segmented into North America, Europe, Asia-Pacific, Central & South America, and Middle East & Africa. The Asia-Pacific region is projected to hold the largest market share during the forecast period in terms of revenue due to increasing industrialization, and growing automotive sale. Furthermore, the North America region is expected to grow at a high CAGR during the forecast period due to a large number of geriatric population, and health concerns which are anticipated to drive the market growth.
Activated Carbon Filters Market Share & Competitor Analysis
Some of the key players operating in the activated carbon filters market are: Westech Engineering, Kuraray Co. Ltd., Lenntech B.V., Donau Carbon Gmbh, Tigg Llc, Puragen Activated Carbons, Cabot Corporation, Ecologix Environmental Systems, Silcarbon Aktivkohle Gmbh, Wolftechnik Filter System, Bionics Consortium Pvt. Ltd., General Carbon Corporation, Sereco S.R.L, Cocarb Solution, and Carbtrol Corp., among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In January 2020, Kuraray expanded its activated carbon plant located in Mississippi, which will increase the capacity of the plant by 50 million pounds of granular activated carbon (GAC) annually.
In April 2020, Cabot Corporation successfully acquired Shenzhen Sanshun Nano New Materials Co., Ltd (SUSN).
Activated Carbon Filters Market: By Type
Activated Carbon Filters Market: By Application
Activated Carbon Filters Market: By Region
The global Activated Carbon Filters Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Activated Carbon Filters Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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