Turkey Activated Carbon Market is Projected to Grow at a CAGR of 8.95% from 2024-2030

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the Turkey Activated Carbon Market, The Turkey Activated Carbon Market size is valued at USD 39.88 thousand in 2023 is projected to grow to USD 73.81 thousand in 2030. The market is also estimated to grow at a CAGR of around 8.95% during the forecast period, i.e., 2024-30. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the Turkey Activated Carbon Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2024-2030

Market Size by 2023: 39.88 thousand

CAGR (2024-2030): 8.95%

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Turkey Activated Carbon Market Segmentation Breakdown:

The Turkey Activated Carbon Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Type

Powdered Activated Carbon–Market Size Forecast 2019–2030F, Thousand Tons

Granular Activated Carbon–Market Size Forecast 2019-2030F, Thousand Tons

Extruded Pelletized Activated Carbon–Market Size Forecast 2019-2030F, Thousand Tons

Impregnated Activated Carbon–Market Size Forecast 2019-2030F, Thousand Tons

By Source

Coconut-Market Size Forecast 2019-2030F, Thousand Tons

Nutshell--Market Size Forecast 2019-2030F, Thousand Tons

Coal-Market Size Forecast 2019-2030F, Thousand Tons

Others (Peat, Wood, etc.)-Market Size Forecast 2019-2030F, Thousand Tons

Coal has gained a prominent market share as a source for the production of activated carbon across Turkey.

By End User

Water Treatment- Market Size Forecast 2019-2030F, Thousand Tons

Food Beverage- Market Size Forecast 2019-2030F, Thousand Tons

Healthcare- Market Size Forecast 2019-2030F, Thousand Tons

Automotive- Market Size Forecast 2019-2030F, Thousand Tons

Industrial Processing- Market Size Forecast 2019-2030F, Thousand Tons

Others (Cosmetic, Mining, etc.)- Market Size Forecast 2019-2030F, Thousand Tons

The Water Treatment sector had a considerable share in the Turkey Activated Carbon Market and is projected to grow at a CAGR of 5.99% during 2024-2030.

Geographical Growth Insights:

By Region

North

West

Central

South

East

Southeast

MarkNtel Advisors Highlights Key Market Drivers for Turkey Activated Carbon Market:

Increasing Mining Activities – The continuous increment in mining activities has been a significant driver for the Activated Carbon Market in Turkey. Over recent years, Turkey has witnessed a steady rise in mining operations across various sectors, including coal, metals, and minerals. This ongoing expansion has been propelled by the country's rich geological resources increasing industrial demands. Hence, as mining activities require effective purification solutions, particularly in wastewater treatment and ore processing, where activated carbon plays a crucial role in removing impurities, its demand has escalated substantially over the historical years.

Furthermore, there are several upcoming mining projects as well that have been announced recently in Turkey. Thus, the continuous growth in mining activities is projected to further amplify the demand for activated carbon for environmental compliance in the sector in the forecast years.

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A Comprehensive Analysis of Leading Companies in Turkey Activated Carbon Market

Haycarb Plc

CarboTech

Chemviron

Donau Carbon

Jacobi Carbons

Carbon Activated Corporation

Western Carbon Chemicals

Pame Carbon

Aktif Karbon Turkiye

Huamei Activated Carbon Co., Ltd.

Others

What are the growth Opportunity driving the Turkey Activated Carbon Market?

Establishment of Local Battery Manufacturing Plants – Recently, developing local battery production facilities is most likely to boost the demand for activated carbon in the sector. With Turkey’s government showing interest in independence from imports and sustainability of its energy, it came up to be necessary to establish domestic production of batteries. In 2023, the government of Turkey opened a dedicated facility in battery production for powering its first vehicle designed at home and furthering the cause of energy storage.

Another goal of the initiative is to make Turkey one of the significant centers in Europe regarding electric vehicle technologies, like the development of infrastructure for charging, manufacturing of batteries, and electric vehicles. Therefore, these future plants producing batteries would boost the demand for activated carbon in the near future due to its large surface area and porosity, which makes it an ideal material to enhance the performance efficiency of energy storage devices.

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