San Francisco, 1 February 2019: The Report 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 Research Report of Activated Carbon Market @ www.grandviewresearch.com/industry-analysis/activated-carbon-market
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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
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.
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