Europe Activated Carbon Market Forecast 2023-2032
KEY FINDINGS
The Europe activated carbon market is set to rise with a CAGR of 6.39% and xx% in terms of revenue and volume, respectively, during the forecast period of 2023-2032. Factors such as the increased demand for activated carbon across diverse applications like mining, nuclear, personal protection, and energy storage, as well as government regulations are accredited to the region’s market growth.
MARKET INSIGHTS
The Europe activated carbon market growth is analyzed across the United Kingdom, Germany, Italy, France, Spain, and Rest of Europe. The automotive industry in France is the country’s largest manufacturing sector, registering an increase of more than 1.3% in passenger vehicles. Aligning with this, the rising automotive production, coupled with the government’s regulations concerning emissions, is predicted to fuel the demand for activated carbon over the upcoming years.
On the other hand, in Italy, activated carbon is widely used in applications such as condensable solvents recovery, and pharmaceuticals, in addition to the food industry. Moreover, the most common application of activated carbon entails the wastewater treatment and purification processes, as well as the remediation of land and groundwater. In this regard, water treatments, as an end-user in Italy, are predicted to proliferate during the forecast years and raise the need for activated carbon. Therefore, the factors mentioned above are instrumental in driving the region’s activated carbon market growth during the projection period.
COMPETITIVE INSIGHTS
Donau Carbon GmbH, BASF SE, Silcarbon Atkivkohle GmbH, etc., are among the prominent enterprises operating in the market.
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