Activated Carbon Market Size and Growth Rate:
The Activated
Carbon Market Size is expected to Reach at USD 13.44 billion by 2026 and grow
at a compound annual rate of XX% from 2017 to 2026.
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Activated Carbon Market Overview:
Activated carbon
is one of the major adsorbents in the adsorbent market globally. Its adsorption
capacity is high and its surface is also important. Coal, wood, coconut shells
and lignite are the main raw materials used for production.
The sectors that
use activated carbon include the automotive industry, the food industry, the
pharmaceutical industry and the medical industry. Activated carbon is generally
used for its discoloration and deodorization properties. The increase in
pollution and the greater awareness of health are factors that drive the
progressive growth of activated carbon in the market.
Activated Carbon Market Growth Drivers and
Restraints:
The growing
awareness of clean water consumption, together with the growing number of
wastewater treatment plants through government subsidies, is expected to
benefit overall market growth during the forecast period. Activated carbon is
used in a variety of industries for air purification, groundwater remediation,
spill cleanup and potable water filtration. Governments around the world are
providing subsidies for water and clean air. These subsidies, together with
rapid industrialization, particularly in regions such as the Asia-Pacific
region, should benefit growth in the market. Regulators in various parts of the
world have issued guidelines to limit mercury emissions in industries such as
petrochemicals.
Regulations such
as the Toxic Air and Mercury Standard (MATS) of the EPA have been introduced to
limit the emissions of mercury and acid gases from coal and other power plants.
Activated carbon helps effectively control these mercury emissions. The
government and environmental protection agencies have established strict
environmental regulations and standards to help the market. It is expected that
the growing demand for air cleaning in domestic and commercial applications
will further help the market. The demand for other applications, such as the
automotive, pharmaceutical and medical industries, and the food and beverage
processing industry, is expected to increase steadily from 2016 to 2024.
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Activated Carbon Market Geographical
Segmentation:
The Asia-Pacific is the dominant region in the world's activated carbon
market. Then come North America, Europe and other regions such as Latin
America, the Middle East and Africa. The activated carbon market is very well captured
in the US market. Asian countries are one of the largest exporters of activated
carbon in the US market. The United States is expected to be ahead of regional
demand in Canada and Mexico. Constant growth is also expected in countries such
as Japan, China and India, which are expected to dominate regional demand in
the future.
Key Players of the Activated Carbon Market:
Some of the key
players producing activated carbon in the market include Haycarb PLC,
MeadWestvaco Corporation, Kureha Corporation, Calgon Carbon Corporation, Carbon
Resources LLC, Carbotech, Clarinex Group, Jacobi Carbons AB, Cabot Corporation
Kuraray Co. Ltd., Carbon Activated Corporation, Siemens Water Technologies Corp
and so on.
Activated Carbon Market Segmentation:
By Product Type:
- Granular Activated Carbon
- Powdered Activated Carbon
By End User:
- Gaseous Phase
- Liquid Phase
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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