The
global activated carbon market is expected to reach USD
10.15 billion by 2024, according to a new report by Grand View Research, Inc.
Increasing demand for air & water purification in the coal-fired plants,
clinker cement industries is expected to drive the demand for granular and
powdered activated carbon.
Activated
carbon possesses a high degree of micro porosity and adsorption properties,
owing to which it is preferred in air and water purification across various
end-use industries. Applications in the removal of mercury, acid gas toxins
along with metallic emissions from coal & oil powered plants are expected
to fuel industry growth. Rising concerns regarding drinking water safety along
with a shift in trend towards adopting healthy lifestyle are anticipated to
drive market demand.
Increasing
environmental pollution due to industrial and vehicular emissions is projected
to fuel air purification segment. Water treatment applications include
municipal treatment, domestic water filters, and groundwater remediation. Food
& beverage industry uses activated carbon to remove odor & color from
various products. These carbons are used in pharmaceutical industry to cure
poisoning due to toxins ingestions.
Various
regulations promoting the use of activated carbons in air and water treatments
plants are expected to trigger demand over the forecast period. U.S. EPA
regulations governing mercury emissions from coal power plants are projected to
drive the activated carbon consumption over the next eight years. EU waste
water directives regulate water pollution and wastewater from municipal and
industrial sources.
U.S.
activated carbon market revenue by product, 2014 - 2024 (USD Million)
Browse full research report on Activated
Carbon Market: http://www.grandviewresearch.com/industry-analysis/activated-carbon-market
Further
Key Findings From the Study Suggest:
- The global activated carbon market demand was
1,684.3 kilo tons in 2015 and is expected to reach 5,092.2 kilo tons by
2024, growing at a CAGR of 13.3% from 2016 to 2024
- Powdered activated carbon emerged as the
leading product segment with demand share estimated at 59.1% in 2015. It
is also expected to witness the highest growth of 14.2% over the forecast
period.
- Air purification was the leading end-use
segment and accounted for over 40% of total demand in 2015. Growing
awareness regarding health benefits of air filtration coupled with
regulations such as Clean Air Act is expected to drive this segment. It is
also expected to witness the highest growth of 15.0% over the next eight
years
- Water & wastewater treatment is also
expected to brisk growth over the forecast period. The growth can be
attributed to increasing applications in municipal plants, ground water
remediation, and beverage industry.
- Asia Pacific was the leading regional market
with demand share exceeding 40% in 2015. Increasing usage in air &
water purification and emergence of novel applications such as pharmaceutical
and food & beverage industry in the region is expected to drive the
product demand.
- Key market participants include Kureha
Corporation, Carbon Activated Corporation, ADA-ES Inc., Haycarb PLC,
Carbotech, Carbon Resources LLC, Cabot Corporation, MeadWestvaco
Corporation, and Calgon Carbon Corporation.
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-activated-carbon-market
About
Grand View Research, Inc:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, the company offers market intelligence
studies ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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