Activated Carbon Filters Market to Grow by USD 70.62 Mn, APAC to Contribute 51% of Market Growth - Technavio

NEW YORK, Oct. 27, 2022 /PRNewswire/ -- The activated carbon filter market size is estimated to grow by USD 70.62 million from 2021 to 2026. However. The growth momentum of the market will accelerate at a CAGR of 4.6% during the forecast period, according to Technavio. The market has been segmented by type (stainless steel shell and carbon steel shell) and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

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By type, the stainless steel shell segment will be a significant contributor to market growth during the forecast period. Stainless steel shell was the largest segment of the global activated carbon filter market in 2021 in terms of revenue. The stainless steel shell segment is anticipated to account for the highest share of the overall activated carbon filters market during the forecast period. The growth of stainless steel shell-activated carbon filters is attributed to their anti-corrosion properties and durability. Additionally, stainless steel is also known to offer a consistently accurate performance even when subjected to extreme heat. 

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By geography, APAC will lead the activated carbon filter market during the forecast period, accounting for 51% of the market's growth. China, Japan, and India are the key markets for the activated carbon filter market in APAC. The increasing demand for products in different industries for water purification will facilitate the activated carbon filter market growth in APAC over the forecast period. 

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The increased demand for products in industries for water purification is one of the key factors driving the global activated carbon filter market growth. The global population has been growing significantly, especially in developing countries like India and China. Rapid urbanization in developing countries has led to the emergence of many industries. Industrialization plays a vital role in the growth of an economy. The construction, food and beverage, oil and gas, power, mining, refineries, steel manufacturing, electronics, and pharmaceutical industries involve processes that contaminate water resources and increase wastewater generation. Thus, the rapid growth of industries has resulted in stress on water resources, which will propel the growth of the global activated carbon filters market during the forecast period.

The growing demand for pollution control will fuel the global activated carbon filter market growth. The increased need for mercury control technology in industrial air purification applications is expected to propel the demand for activated carbon filters. Many countries have passed legislation, guidelines, and action plans to reduce mercury emissions. Many countries, such as Australia and Japan are majorly focusing on developing programs in order to control mercury emissions released from coal-fired power plants with the goal of adopting more stringent standards in the near future. Such factors are expected to increase the demand for activated carbon filters for the purification of polluted air in industries, which will drive the growth of the global activated carbon filters market during the forecast period.

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Filters Market by Type and Geography – Forecast and Analysis 2022 2026: This report extensively covers market segmentations by Type (air filter and fluid filter) and Geography (APAC, North America, Europe, MEA, and South America). 55% of the market's growth will originate from APAC during the forecast period. The filters market share growth by the air filter segment has been significant.

Air Cleaner Filters Market by End-user and Geography – Forecast and Analysis 2020-2024: The air cleaner filters market size has the potential to grow by USD 5.9 billion during 2020-2024. This report extensively covers market segmentations end-user (HVAC, industrial, automotive, and others) and geography (APAC, Europe, MEA, North America, and South America).

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market Definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments 
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type 
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 Stainless steel shell - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Stainless steel shell - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Stainless steel shell - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Stainless steel shell - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Stainless steel shell - Year-over-year growth 2021-2026 (%)

• 5.4 Carbon steel shell - Market size and forecast 2021-2026
• Exhibit 32: Chart on Carbon steel shell - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Carbon steel shell - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Carbon steel shell - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Carbon steel shell - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Type 
• Exhibit 36: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 Germany - Market size and forecast 2021-2026 
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.12 Italy - Market size and forecast 2021-2026
• Exhibit 78: Chart on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Italy - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Italy - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Italy - Year-over-year growth 2021-2026 (%)

• 7.13 India - Market size and forecast 2021-2026
• Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.14 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Advanced Emissions Solutions Inc. 
• Exhibit 93: Advanced Emissions Solutions Inc. - Overview
• Exhibit 94: Advanced Emissions Solutions Inc. - Business segments
• Exhibit 95: Advanced Emissions Solutions Inc. - Key offerings
• Exhibit 96: Advanced Emissions Solutions Inc. - Segment focus

• 10.4 Cabot Corp. 
• Exhibit 97: Cabot Corp. - Overview
• Exhibit 98: Cabot Corp. - Business segments
• Exhibit 99: Cabot Corp. - Key offerings
• Exhibit 100: Cabot Corp. - Segment focus

• 10.5 Donau Carbon GmbH 
• Exhibit 101: Donau Carbon GmbH - Overview
• Exhibit 102: Donau Carbon GmbH - Product / Service
• Exhibit 103: Donau Carbon GmbH - Key offerings

• 10.6 Haycarb PLC 
• Exhibit 104: Haycarb PLC - Overview
• Exhibit 105: Haycarb PLC - Product / Service
• Exhibit 106: Haycarb PLC - Key offerings

• 10.7 Kureha Corp. 
• Exhibit 107: Kureha Corp. - Overview
• Exhibit 108: Kureha Corp. - Business segments
• Exhibit 109: Kureha Corp. - Key offerings
• Exhibit 110: Kureha Corp. - Segment focus

• 10.8 Newterra Ltd. 
• Exhibit 111: Newterra Ltd. - Overview
• Exhibit 112: Newterra Ltd. - Product / Service
• Exhibit 113: Newterra Ltd. - Key offerings

• 10.9 ProMinent GmbH 
• Exhibit 114: ProMinent GmbH - Overview
• Exhibit 115: ProMinent GmbH - Product / Service
• Exhibit 116: ProMinent GmbH - Key offerings

• 10.10 Puragen Activated Carbons 
• Exhibit 117: Puragen Activated Carbons - Overview
• Exhibit 118: Puragen Activated Carbons - Product / Service
• Exhibit 119: Puragen Activated Carbons - Key offerings

• 10.11 Silcarbon Aktivkohle GmbH 
• Exhibit 120: Silcarbon Aktivkohle GmbH - Overview
• Exhibit 121: Silcarbon Aktivkohle GmbH - Product / Service
• Exhibit 122: Silcarbon Aktivkohle GmbH - Key offerings

• 10.12 WesTech Engineering LLC 
• Exhibit 123: WesTech Engineering LLC - Overview
• Exhibit 124: WesTech Engineering LLC - Product / Service
• Exhibit 125: WesTech Engineering LLC - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 126: Inclusions checklist
• Exhibit 127: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 128: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 129: Research methodology
• Exhibit 130: Validation techniques employed for market sizing
• Exhibit 131: Information sources

• 11.5 List of abbreviations 
• Exhibit 132: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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SOURCE Technavio