BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Activated Carbon Market size by value at USD 980.63 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Activated Carbon Market size to expand at a CAGR of 3.10% reaching a value of USD 1,285.22 million in 2030. The driving factors of United States Activated Carbon Market include an increasing need for mercury control in coal-fired power plants, which is mandated by environmental regulations. Additionally, the growing awareness of the benefits of activated carbon in personal care products and cosmetics is boosting demand. The agricultural sector’s use of activated carbon for soil treatment and pesticide removal is another contributing factor. Furthermore, the rise in urbanization and industrial activities is leading to higher pollution levels, necessitating more extensive use of activated carbon for air and water purification.
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Opportunity – Rising Demand for Activated Carbon in Gold Recovery Process
United States Activated Carbon Market is experiencing growth due to an increasing demand for gold recovery processes. Activated carbon is essential in extracting gold from ores through the carbon-in-pulp (CIP) and carbon-in-leach (CIL) methods. These processes are highly efficient and cost-effective, making activated carbon a crucial component in the mining industry. As gold prices remain strong and mining activities expand, the demand for activated carbon in gold recovery is expected to rise significantly.
Impact of Escalating Geopolitical Tensions on United States Activated Carbon Market
Escalating geopolitical tensions, particularly the Russia-Ukraine war, could significantly impacted United States Activated Carbon Market. Disruptions in global supply chains and increased energy prices have led to higher production costs for activated carbon. Additionally, the heightened focus on energy security and environmental regulations has driven demand for activated carbon in air and water purification. These factors, combined with market volatility and economic uncertainties, have created both challenges and opportunities for the players in United States Activated Carbon Market.
Water Treatment Is Leading End Use Industry in US Activated Carbon Market
The water treatment segment is the largest end user of United States Activated Carbon Market. It is pivotal due to the critical need for clean water in various applications, including municipal drinking water and industrial wastewater treatment. The segment's growth is further propelled by stringent environmental regulations and the increasing necessity for efficient removal of contaminants. The other major end use industry segments in United States Activated Carbon Market include food & beverages, pharmaceutical & medical, automotive, and industrial.
Competitive Landscape
United States Activated Carbon Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Calgon Carbon Corporation, Cabot Corporation, Jacobi Carbons, Ingevity, Donau Chemie Group, Kuraray Co., Ltd, and CarbUSA. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States Activated Carbon Market.
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