Global Activated Carbon Market was valued at USD 6.5 Billion in 2020 and is projected to grow at a CAGR of 17.5% till 2025. Geographical demand will be driven by APAC, three countries like China, India and Japan being the main engines of growth. of the APAC market. North America being the second largest market for activated carbon.
Activated Carbon Industry Supply Outlook
Activated carbon is a form of carbon that is processed to contain small, low volume pores. These pores increase the surface area available for adsorption or chemical reactions. Activated carbon is used in various applications such as gas purification, analytical chemistry, industrial use, for medical purposes, fuel storage, chemical purification, mercury purification, etc. The two most commonly used types of activated carbon are powdered activated carbon and granular activated carbon.
Activated carbon is wholesaled on a flat rate transactional model. Prices are regulated. The price of activated carbon has fluctuated over the past year. For example, China’s domestic price trend for activated carbon in August 2020 averaged $1,550.57 per metric ton. In the past year, it reached an all-time high of $1,642.19 in November 2020. After that, prices fell. Currently, the price stands at USD 1381.58 per metric ton.
Activated Carbon Industry Demand Outlook
The Global activated carbon market was valued at USD 6.5 billion as of 2020 and is expected to grow at a CAGR of 17.5% through 2025. Geographic demand will be driven by APAC, three countries like China, India and the Japan being the major growth drivers of the APAC market. .
North America is the second largest market for activated carbon. The US market is valued at USD 1.1 billion in 2020 and is expected to grow at a CAGR of 11.5% through 2025. The US Environmental Protection Agency and government regulators have recommended the use activated carbon as the best material available to remove impurities. like mercury. These recommendations propel the growth of the activated carbon industry.
Activated Carbon Industry Cost Factors
The main raw materials needed to make activated carbon are wood chips and coconut shells. Thus, the availability of these components affects the final cost of activated carbon. Asia-Pacific countries, with their tropical climate and vegetation cover, have an abundant supply of woodchips and coconut shells. With an excess of raw materials, the cost of supplying them for the manufacture of activated carbon decreases. The lower cost of activated carbon is contributing to increased product adoption in these regions and volume-driven growth.
Grab your copy or request a free sample of “Activated Carbon Industry Supply Information Report, published by Grand View Researchfor in-depth details on vendor ranking and selection, sourcing, and pricing criteria and strategies.
Additional services provided by Grand View Research Pipeline:
Cost analysis – A cost model is a very important technique to derive and forecast the actual cost of a product/service over the forecast period. It serves as a competitive advantage for negotiations with suppliers by determining the true price of cost elements. The result helps procurement managers understand detailed factual cost drivers for the category.
Comparative rate analysis – Every organization and its procurement team want to negotiate the best deal when purchasing a set of products or services. Price benchmarking uses the price/cost comparison of multiple sets of products/services to analyze the most effective combination that will help the procurement team achieve the optimal price.
Salary Benchmarking – Labor is one of the major cost items incurred when delivering a product or service. Understanding the salary pricing structure is important for organizations to select the appropriate vendor and build a good negotiation strategy. This is also an important factor in determining whether the targeted category should be outsourced or built in-house.
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Introducing Pipeline by Grand View Research:
A smart and efficient supply chain is essential to the growth of any organization. Pipeline Division at Grand View Research provides detailed insights into every aspect of the supply chain, helping to make effective sourcing decisions.
Our services include (but are not limited to):
- Market intelligence involving – market size and forecast, growth factors and driving trends
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Browse Grand View Research’s collection of procurement intelligence studies:
Intelligence on the supply of the sugar processing market – Global sugar processing market was valued at 166 million MT in 2020 and it is expected to grow at a CAGR of roughly 2% from 2021 to 2027 to cross 200 million MT in terms of volume by 2027. The growth of the market is mainly driven by strong demand generated by the food and beverage industry.
Monitoring the supply of the vitamins and food supplements market – The global vitamins and dietary supplements market is expected to grow at a CAGR of 4.9% from 2020 to 2025, with capsules and tablets being the most consumable supplement dosage form. Powder is expected to become the fastest growing dosage form from 2020 to 2025 with an expected CAGR of 6.4% from 2020 to 2025.
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