Global Activated Carbon Market - Segmentation by Type, Application, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)
The Activated Carbon Market was valued at USD 3,124.73 million in 2017 and is expected to expand significantly with an estimated CAGR of 6.24%, mainly due to the growing water treatment industry during the forecast period, 2018-2023. Activated carbon removes the impurities from water primarily through surface adsorption. It is primarily used for purification of gases and liquids in food & beverage processing, industrial pollution control, and environmental recovery.
Augmenting Prominence for Air Pollution Control (Especially Mercury Removal)
The market for activated carbon in air pollution control had been re-energized in April 2016, following the US Court of Appeal’s decision to keep the Mercury and Air Toxics Standards (MATS) regulation in place. Activated carbon injection is projected to be the primary technology used for mercury removal from coal-fired power plants, cement plants, solid waste incinerators etc., in the United States. Mercury emissions in Asia-pacific is increasing primarily owing to the rising electric generation in developing nations, such as China and India. This coupled with rising environmental regulations due to increasing automotive usage in both developing and developed countries across the globe, such as China, India, Germany, and United States are another driving factor for activated carbon market.
Water Purification – The fastest growing segment by usage
Water treatment is the largest application of activated carbon accounting for approximately 45% of the activated carbon consumption around the world in 2017. It is used in municipal wastewater treatment and a number of industrial processes. Some of the areas of application of activated carbon in water treatment are aquariums, groundwater remediation, potable water etc. In order to meet stringent industrial process requirements for water to be used in beverage production, energy and life sciences, activated carbon is used. Usage of activated carbon for water purification purposes is also the most cost-efficient point-of-use (POU) water purification devices. Increase in industrial manufacturing in Asia-Pacific is another major driver for the increase in the activated carbon demand in this segment.
United States to Lead the Market
United States holds the largest market and accounted for 80.18% in activated carbon market in North America. Growing end user industries, like pharmaceutical, oil & gas is expected to drive the market during the forecasted period. The gradual increase in the number of drilling rigs in the United States is expected to gradually increase the consumption of activated carbon during the extraction process. In addition, the advances in the technology are opening up scope for increasing exploration in the deep-water fields of the Gulf of Mexico. This is expected to open up new opportunities for the usage of activated carbon in oil & gas field.
Notable Developments in Market
October 2017: CPL Carbon Link acquired GalaQuim Proteccion Medioambiente
Major Players: Osaka Gas Chemicals Co. Ltd., Kuraray Co. Ltd., Albemarle Corporation and Cabot Corporation, amongst others.
Reasons to Purchase this Report
To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.