China Activated Carbon Market Forecast 2023-2030

China Activated Carbon Market Forecast 2023-2030

KEY FINDINGS

The China activated carbon market is estimated to develop with a CAGR of 7.93% in terms of revenue and xx% in terms of volume over the forecast period of 2023-2030. The country’s market growth is attributable to key drivers, such as the rise in demand for scrubbing as well as mining operations, the increase in government activities, and stringent regulations linked to vehicular emissions.

MARKET INSIGHTS

The rise in government regulations, as well as the increase in freshwater prices, play an essential role in propelling the demand for activated carbon in China. In this regard, the nation’s government has issued regulations on water usage and discharge in order to enhance natural water resources in China. Over recent years, the government has also tightened the rules for chemical and coal plants in North China, requiring zero-liquid discharge (ZLD). These regulations are compelling industrial plants to implement wastewater treatment technologies, thus further heightening the need for activated carbon.

Subsequently, China’s food & beverage industry is also significant and plays an essential role in proliferating the national economy. As the food & beverage industry in the country continues to grow on account of the rising middle-class population with a higher purchasing power, the emphasis on food safety and quality is projected to rise as a result. Hence, the aforementioned factors are anticipated to contribute to the China activated carbon market growth over the forecasted years.

COMPETITIVE INSIGHTS

Some of the leading companies operating in the market are Zhulin Carbon Company, Kureha Corporation, Kuraray Co Ltd, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments