San Francisco, 28
January, Activated Carbon Market Size, Share & Trends Analysis Report By
Product (Powdered Activated Carbon, Granular Activated Carbon), By Application,
By End-use, And Segment Forecasts, 2018 – 2024.
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.
Access Full Research
Report On Activated Carbon Market Analysis:
Further key findings from the report 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.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/water-and-industrial-sludge-treatment
Grand View Research has segmented the
global activated carbon market on the basis of product, application, end-use
and region:
Global Activated Carbon Product
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Powdered Activated Carbon
·
Granulated Activated Carbon
·
Others
Global Activated Carbon
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Liquid Phase
·
Gas Phase
Global Activated Carbon End-Use
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
Water Treatment
·
Food & Beverage Processing
·
Pharmaceutical & Medical
·
Automotive
·
Air purification
Global Activated Carbon
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
·
Middle East & Africa
Access Full Press
Release of this Report:
www.grandviewresearch.com/press-release/global-activated-carbon-market
www.grandviewresearch.com/press-release/global-activated-carbon-market
About Grand View
Research
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information:
www.grandviewresearch.com/
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