North America Activated Carbon Market Forecast 2023-2032

North America Activated Carbon Market Forecast 2023-2032

KEY FINDINGS

The North America activated carbon market is projected to grow with a CAGR of 5.91% in terms of revenue as well as xx% in terms of volume during the forecast period of 2023-2032. The key growth drivers propelling the region’s market are the rapid rates of industrialization as well as the high demand for commercial vehicles.

MARKET INSIGHTS

The United States and Canada are evaluated to determine the North America activated carbon market growth. Although Canada’s private sector invests nearly 30% in the healthcare sector, the majority of the investment or more than 70%, is made by the government. This value is further anticipated to increase over the forecast years, thus fueling the demand for activated carbon in the country’s healthcare industry.

On the other hand, Canada’s food processing industry contributes around 2% to its GDP. As the second-largest manufacturing sector in the country, Canada exports processed food to at least 190 countries. Thus, these sectors’ growth is also projected to contribute to the region’s growing demand for activated carbon.

The water treatment division is gaining more significance in Canada, as well. For instance, the government recently announced twenty new water and wastewater treatment projects across different parts of the nation. Likewise, metallurgy and mining are also among Canada’s key industries and supply over sixty minerals and metals to several other countries. Thus, such factors are expected to boost the region’s activated carbon market growth during the forecast years.

COMPETITIVE INSIGHTS

Distinguished firms operating in the market are Oxbow Activated Carbon LLC, Cabot Corporation, Prominent Systems Inc, 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