The global Activated Carbon Market is expected to grow from USD 6.07 billion in 2017 to USD 13.44 billion by 2026, at a CAGR of 9.2% during the forecast period according to a new study published by Polaris Market Research.
Stringent regulatory framework mainly in the U.S. and China markets are expected to drive growth. In these markets, along with other industrially developing countries, stringent regulatory framework have reflected rising emphasis on removal of mercury. This in contrast stringent regulatory framework and stepped up enforcements have stem them from efforts to fight water and air pollution caused due to rapid industrialization. Exceptional capabilities of the product to absorb numerous impurities from gases and liquids make it a suitable component for its use in various applications of water and air pollution. Moreover other potential areas of product application include food and beverage, automotive, pharmaceutical, medical, etc. In the next few years the activated carbon market is expected to experience demand from several stream of end-use segments from various industrial processes employing technologies of adsorption.
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Air purification applications in industrial processes are one of the potential end-use segments owing to its rising importance in the urban areas as the industrializing nations struggling with significant issues of air pollution. Activated carbon, a potentially active component for removal of heavily regulated pollutants such as NOx and SO2 has been gaining importance in chemical and pharmaceutical industry as well. Mounting manufacturing activities in several industrializing countries have also added to product demand. Globally developing and increasing output from the pharmaceuticals and chemicals sector have also augmented for higher product demand for activated carbon market due to increasing need of activated carbon for purifying feed water and several other components during manufacturing processes. Yearly increasing production of vehicles are supporting demand for activated carbon, owing to the fact that developing and even developed countries implement rigorous standards for emission from motor vehicles, thus creating the need for larger activated carbon based canisters.
The activated carbon market report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Activated carbon Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada. Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
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Competitive Landscape and Key Vendors
North America activated carbon market was the leading region in 2017. Product demand for mercury removal applications in the U.S. is projected to be more than double by the first quarter of 2021 compared to that in 2018. The implementation of the US Environmental Protection Agency’s Mercury and Air Toxics Standards has played a significant role in product demand in the country. Product application for removal of mercury from industrial process is expected to be low compared to its use in the developing nation worldwide as these countries newly opt for mercury removal from these processes.
Some of the leading industry participants in the activated carbon market include Oxbow Activated Carbon LLC, Prominent Systems Inc., Silcarbon Aktivkohle GmbH , Donau Carbon GmbH , Kureha Corporation , Haycarb PLC , Kuraray Co. Ltd , Calgon Carbon Corporation , Cabot Corporation and Osaka Gas Co., Ltd.
Key Segments
Product Type
- Granular Activated Carbon
- Powdered Activated Carbon
- Others
Application
• Gaseous Phase
o General Industries
o Automotive
o Others
• Liquid Phase
o Chemicals
o Pharmaceuticals
o Food & Beverage
o Others
Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East and Africa
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