Bio-lubricants Market End-use Industry, By Others
Global Activated Carbon market [2015-2023] by Application
By Application, the market is segmented into Water Purification, Air Purification, Food and Beverage, Industrial Chemicals, Metal Extraction, Pharmaceuticals, Automotive, Catalyst, and Application_Others (2015-2023)
| Label | Water Purification | Air Purification | Food and Beverage | Industrial Chemicals | Metal Extraction | Pharmaceuticals | Automotive | Catalyst | Application_Others |
|---|---|---|---|---|---|---|---|---|---|
| 2015 | 1379.3 USD Mn | 1103.1 USD Mn | 405.6 USD Mn | 198.6 USD Mn | 147.7 USD Mn | 258.5 USD Mn | 162.7 USD Mn | 105.6 USD Mn | 90.6 USD Mn |
| 2016 | 1473.2 USD Mn | 1192.6 USD Mn | 433.3 USD Mn | 210.5 USD Mn | 156.8 USD Mn | 280.6 USD Mn | 173.3 USD Mn | 111.4 USD Mn | 94.9 USD Mn |
| 2017 | 1575.1 USD Mn | 1290 USD Mn | 463.1 USD Mn | 223.2 USD Mn | 166.6 USD Mn | 304.7 USD Mn | 184.7 USD Mn | 117.6 USD Mn | 99.5 USD Mn |
| 2018 | 1688.6 USD Mn | 1398.4 USD Mn | 496 USD Mn | 237.1 USD Mn | 177.4 USD Mn | 331.6 USD Mn | 197.3 USD Mn | 124.5 USD Mn | 104.5 USD Mn |
| 2019 | 1814.8 USD Mn | 1518.8 USD Mn | 532.3 USD Mn | 252.4 USD Mn | 189.2 USD Mn | 361.5 USD Mn | 211.2 USD Mn | 131.9 USD Mn | 110 USD Mn |
| 2020 | 1953.3 USD Mn | 1651 USD Mn | 571.8 USD Mn | 269 USD Mn | 202 USD Mn | 394.5 USD Mn | 226.2 USD Mn | 140 USD Mn | 115.8 USD Mn |
| 2021 | 2112.8 USD Mn | 1802.6 USD Mn | 616.8 USD Mn | 287.9 USD Mn | 216.6 USD Mn | 432.4 USD Mn | 243.3 USD Mn | 149.1 USD Mn | 122.5 USD Mn |
| 2022 | 2287 USD Mn | 1968.4 USD Mn | 665.6 USD Mn | 308.1 USD Mn | 232.3 USD Mn | 473.9 USD Mn | 261.8 USD Mn | 159 USD Mn | 129.6 USD Mn |
| 2023 | 2477.3 USD Mn | 2149.8 USD Mn | 718.3 USD Mn | 329.9 USD Mn | 249.2 USD Mn | 519.6 USD Mn | 281.8 USD Mn | 169.4 USD Mn | 137.2 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
water purification segment accounted for the largest market share in the activated carbon market, and is expected to reach USD 2477.30 Million in 2023 from USD 1575.10 Million in 2017. However, pharmaceuticals segment is the fastest growing market, which is expected to grow at a CAGR of 9.40% during the forecast period 2018 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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