South America Activated Carbon Market - Segmented by Product Type, Application, and Geography - Growth, Trends, and Forecasts (2018 - 2023)
South America activated carbon market is expected to register a CAGR of 6.04 %, during the forecasted period, 2018-2023. Growing consumption of activated carbon in automotive production, along with increasing usage in mining sector is expected to drive the market during the forecasted period.
Increasing Usage in Water Treatment Applications
Growing usage of activated carbon in water treatment is driving the demand for activated carbon in South America. Different contaminants present in water are removed by activated carbon either by adsorption or catalytic reduction. Additionally, activated carbon removes nuisance odors that occur in wastewater plants, where biological activity creates hydrogen sulfide (H2S), ammonia (NH3), VOCs, etc. Activated carbon is currently one of the most effective methods for treatment of municipal or industrial wastewater. Furthermore, Argentina has extremely advanced urban water management technologies in place, owing its ‘Integrated urban water management’ in the capital city. Thus, the growing usage of both powdered and granular activated carbon in water treatment are driving the demand for activated carbon during the forecast period.
Robust Demand from Industrial Processing
Activated carbon in industrial processing is used for a variety of processes involving purification, recovery, and removal of substances at every stage of processing. The applications of activated carbon in industrial processing are found in liquid chemicals, catalyst process, gas processing, water processing, and bio-based chemicals. Different types of activated carbon such as coal, coconut, granular, powdered and high purity acid washed activated carbons are used for these industrial-processing applications. Additionally, activated carbon also acts as a catalyst to support industrial processes, like production and destruction of phosgene, production of glyphosate, which is increasing the consumption of the activated carbon market in the industrial processing sector.
Brazil to Dominate the Market
Brazil has the largest market for activated carbon in South America and is expected to dominate the market over the forecast period. Brazil is third largest in the manufacturing sector in the Americas. There are various industries like automotive, steel, petrochemicals, etc. In industrial processing sector, activated carbon is used for a variety of processes involving purification, recovery, and removal of substances at every stage of processing. Furthermore, the established mining sector, along with automotive industry, has been aiding in increasing the demand for activated carbon in Brazil in recent years.
Major Players: Calgon Carbon Corporation, Cabot Corporation, RWE Group, and Arkema SA, amongst others.
Notable Developments in the Market
October, 2017: Cabot Carbon Corporation announced agreement to be acquired by Kuraray for the equity value of approximately USD 1.1 billion
Reason to purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Application that is expected to dominate the market
Countries that are expected to witness 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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook