Global Activated Carbon Market was estimated at US $ 3.2 billion in 2017 and is estimated to reach US $ 6.2 billion by 2026 at a CAGR of around 9% during a forecast period.
Growth Water Treatment in Industries and Increase Manufacturing & amp; Environmental standards drive the activated carbon market. In addition, growing demand and quicksilver control technology for industrial air purification applications is accelerating market growth. Activated carbon removes toxins from water mainly through surface adsorption. Activated carbon is widely used as a catalyst in the chemical synthesis industry. Governments worldwide offer subsidies for water as well as air purification, this will favor global global market growth. High prices of raw materials hinder the growth of the activated carbon market. Rising water and air pollution levels offer potential opportunities for activated carbon market expansion in the forecast.
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Activated carbon is available in various forms such as granular, powdered, extruded and more. Among these, the granular activated carbon offers high adsorption, which makes it ideal for removing contaminants from air, water, liquids and gases. Granular activated carbon offers larger particle size compared to pulverized. Activated carbon and granular form is used in gas phase applications.
Water purification segment is the fastest growing in the activated carbon market. Water treatment is the largest application segment of activated carbon, accounting for half of activated carbon in 2017. , Water for use in beverage production, energy and life sciences, activated carbon. Air purification segment is the second largest in the activated carbon market due to rapid air pollution.
North America holds two-thirds of a share in an activated carbon market. Expansion of end-user industries, such as pharmaceutical, oil & amp; Gas is expected to enter the market during the forecast period. The increase in the number of drilling rigs in North America is expected to gradually increase the consumption of activated carbon during the extraction process. Drilling in the Gulf countries offers new opportunities for the use of activated carbon in oil & amp; Gas Field. The Asia Pacific is witnessing a dynamic growth in the activated carbon market. Some low-cost producers of activated carbon in countries like China and Japan offer their products at competitive prices. With a growing focus on water pollution management and scarcity in countries such as China, India, South Korea, and Taiwan, increasing numbers of end consumers are expected to adopt activated carbon.
Carbon Resources LLC, Advanced Emissions Solutions Inc., Kureha Corporation, Donau Chemie AG, Clarimex, Haycarb PLC, CarboTech AC GmbH, Arkema Group, Kuraray Chemical Co. Ltd., WestRock Company, Siemens AG, Osaka Gas Chemicals Group, Cabot Corporation, and Veolia, Osaka Gas Chemicals Co. Ltd., Albemarle Corporation, ADA-ES, INC., Jacobi Carbons AB, Siemens Water Technologies Corp., Kureha Corporation, Calgon Carbon Corporation, Carbo Tech AC GmbH are major players in the activated carbon market.
Scope of the Global Activated Carbon Market
Global Activated Carbon Market by Product Type:
Powder
Granular
Extruded or pelletized
Others
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Global Activated Carbon Market by End Consumption:
Water treatment
Food & amp; Beverage processing
pharmaceutical & amp; Medical
Automotive
Air purification
Other
Global Activated Carbon Market by Region:
North America
Europe
Asia Pacific
Middle East & amp; Africa
Latin America
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Key players analyzed in the Global Activated Carbon Market:
The capitalization of Carbon Resources LLC
The History of Advanced Emissions Solutions Inc.
Kureha Corporation
onau Chemie AG
Clarimex, Haycarb PLC
CarboTech AC GmbH
Arkema Group
Kuraray Chemical Co., Ltd.
WestRock Company
Siemens AG
Osaka Gas Chemicals Group
The capitalization of Cabot Corporation
Veolia,
Albemarle Corporation
ADA-ES, INC.
Jacobi Carbons AB
Siemens Water Technologies Corp
Kureha Corporation
Calgon Carbon Corporation Capitalization
Carbo Tech AC GmbH
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