Global Activated Carbon Market 2017-2021
About Activated Carbon
Activated carbon is the non-graphite form of carbon, which is produced from the carbonaceous raw materials such as coal, lignite, wood, paddy husk, coir pith, and coconut shells. The primary objective of activated carbon is adsorption, which is due to its intrinsic pore network of the lattice structure.
Technavio’s analysts forecast the global activated carbon market to grow at a CAGR of 11.04% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global activated carbon market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Activated Carbon Market 2017-2021
Technavio recognizes the following companies as the key players in the global activated carbon market: Cabot, Calgon Carbon, Kuraray, and Osaka Gas.
Other Prominent Vendors in the market are: ADA Carbon Solutions, Albemarle, Boyce Carbon, Carbon Activated, CarboTech, DESOTEC Activated Carbon, Donau Chemie, and Haycarb.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emergence of APAC in activated carbon market. Industrializing countries in APAC like China, India, and Japan will increase the demand for activated carbon. The environmental concerns in these regions are increasing, which will lead the people to adopt effective and cost-efficient methods to control it. APAC occupies high shares in both export and import of activated carbon. China is the major market for activated carbon due to its rapid industrialization.”
According to the report, one of the major drivers for this market is increased need for purification. Applications of activated carbon vary for different end-user segments. It is mainly used as an adsorbent to remove contaminants and impurities. Water and air purifications are the major applications driving the market. The growing industrialization increased the concern toward safe drinking water, which has risen the use of activated carbon in purification processes. EPA has enforced DBP rules focusing mainly on public water systems to reduce disinfection byproducts from drinking water. It has been widely adopted across the globe, which triggered the need for water purification in industrial nations.
Further, the report states that one of the major factors hindering the growth of this market is limitations of activated carbon filters. The performance of activated carbon filters depends on the proportion to the amount of activated carbon used in them. Activated carbon filters do not remove all contaminants or impurities present in air or water. They are insensitive to few chemicals like sodium nitrates, and heavy metals. Activated carbon filters also fail to remove few pathogenic bacteria and viruses and sometimes act as their breeding ground. Moreover, they cause clogging and channeling of the impurities. Thus, these limitations of activated carbon filters will restrict the demand for activated carbon during the forecast period.
Cabot, Calgon Carbon, Kuraray, Osaka Gas, ADA Carbon Solutions, Albemarle, Boyce Carbon, Carbon Activated, CarboTech, DESOTEC Activated Carbon, Donau Chemie, and Haycarb.
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