Activated Carbon Market is estimated to touch USD 13.44 billion by 2026
Posted by michael on June 7th, 2019
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:
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About the Authormichael
Joined: April 4th, 2019
Articles Posted: 31
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