Market Size of Europe Activated Carbon Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.98 Billion |
| Market Size (2029) | USD 1.27 Billion |
| CAGR (2024 - 2029) | 5.41 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Activated Carbon Market Analysis
The Europe Activated Carbon Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.27 billion by 2029, growing at a CAGR of 5.41% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the activated carbon market globally as end-user industries were significantly affected. However, the activated carbon market recovered from the pandemic and grew significantly.
- Over the short term, augmenting prominence for air pollution control (especially mercury removal) is expected to drive the market.
- Conversely, the threat of substitutes, like silica gel, and the development of better alternatives are expected to hinder market growth.
- Emerging applications in the medical and pharmaceutical sectors are anticipated to create future opportunities.
- Germany held the largest market share and is anticipated to dominate throughout the forecast period.
