Europe Activated Carbon Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Pelletized and Others, Granular, and Powdered) and Application (Water Treatment, Food and Beverages, Pharmaceuticals, Automotive, and Others)

Europe Activated Carbon Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Pelletized and Others, Granular, and Powdered) and Application (Water Treatment, Food and Beverages, Pharmaceuticals, Automotive, and Others)

The activated carbon market in Europe is expected to grow from US$ 559.20 million in 2021 to US$ 1,049.14 million by 2028; it is estimated to grow at a CAGR of 9.4% from 2021 to 2028.

Mercury emissions are hazardous to the environment and human health as they are released from coal-fired power plants. Many countries have set regulations against the amounts of toxins released from these power plants. Owing to Global Mercury Partnership, regulations and policies in advanced countries have been intensified. In developing countries, regulatory or legislative frameworks on mercury are not specifically established; however, mercury management is designed to prevent harmful emissions. Advanced control technologies, including hardware and software, reduce mercury emissions. Activated carbon is one of the most prominent hardware parts used in these technologies to filter air. The growing need for air purification is driving the demand for activated carbon in the region. The European Union (EU) is overcoming the challenge of mercury emissions by categorizing it as a Priority Hazardous Substance under the Water Framework Directive. The EU is also reviewing a law on mercury under European Green Deal zero pollution goals to create a toxic-free environment. While the use of mercury is banned in many applications in Europe, it is essential in the manufacturing of certain products. Therefore, the industries using mercury utilize activated carbon for air & water treatment to abide by the stringent laws in the region. Thus, the efforts taken to limit mercury emissions in various industries are driving the consumption of activated carbon in Europe.

Europe Activated Carbon Market Revenue and Forecast to 2028 (US$ Million)

Europe Activated Carbon Market Segmentation

Europe activated carbon market is segmented into granular, powdered, and pelletized and others. In 2020, the powdered segment accounted for the largest revenue share. Based on application, the Europe activated carbon market is segmented into water treatment, food and beverages, pharmaceuticals, automotive, and others. In 2020, the water treatment segment accounted for the largest revenue share. Similarly, based on country, the market is segmented into Germany, France, UK, Italy, Russia, the rest of Europe. Germany contributed a substantial share in 2020. Albemarle Corporation; CABOT CORPORATION; CALGON CARBON CORPORATION; CPL ACTIVATED CARBONS; HAYCARB (PVT) LTD; JACOBI CARBONS GROUP; KURARAY CO., LTD.; and Osaka Gas Chemical Co. Ltd are among the leading companies in the Europe activated carbon market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe Activated Carbon Market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Europe Activated Carbon Market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Activated Carbon Market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution