New York City, 15 January 2019: Global Activated Carbon market is anticipated to reach over USD 13,385.6 million by 2026. In
2017, the powdered activated carbon segment dominated the global market, in
terms of revenue. Asia-Pacific is expected to be the leading contributor to the
global market revenue during the forecast period.
The increasing use
of activated carbon in water purification applications, and initiatives and
funding by governments primarily drive the growth of this market. Other
driving factors include increasing industrialization, growing demand of
activated carbon in mercury removal plants and increasing awareness regarding
environmental protection. Introduction of stringent air pollution regulations,
and growing concerns regarding water purification further promote the growth of
activated carbon market. Emerging applications in medical and pharmaceutical
sectors, and growing adoption of reactivated carbon are expected provide numerous
growth opportunities during the forecast period.
Asia-Pacific generated
the highest revenue in the market in 2017, and is expected to lead the global
market throughout the forecast period. The growing industrialization,
urbanization, and growing environmental concerns drive the market growth in the
region. Government initiatives for environmental protection, and increasing
need for air and water purification further increase the adoption of activated
carbon in the region.
The different
types of activated carbon in the market include powdered activated carbon,
granular activated carbon, and other activated carbon. In 2017, powdered
activated carbon accounted for the highest market share. Powdered activated carbon dominated the market owing to its lower costs and high efficiency.
Increasing concerns regarding water purification and recycling of waste water
coupled with government initiatives and support are expected to support market
growth. Powdered activated carbon is used in various applications in industries
such as food and beverage, chemical, and petrochemical among others.
The well-known
companies profiled in the report include Calgon Carbon Corporation, Oxbow
Activated Carbon LLC, Donau Carbon GmbH, Osaka Gas Co., Ltd., Kureha
Corporation, ADA-ES Inc., Siemens Water Technologies Corporation, MeadWestvaco
Corp., Veolia Water SA, Cabot Norit Activated Carbon, Jacobi Carbons AB, and
Carbon Resources LLC among others. These companies launch new products and
collaborate with other market leaders to innovate and launch new products to
meet the increasing needs and requirements of consumers.
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