Global Activated Carbon Market Size Analysis, 2019-2028
|REPORT ID: BKR1024||Domain: Chemicals and Materials||Published Date: April 2019|
|Pages: 250+||Format: PDF|
Global Activated Carbon market size is estimated to be valued over USD 3.3 billion in 2019 and will register a CAGR of 6.8% to create high revenue opportunity for industry players during the forecast period. In terms of volume, demand for activated carbon is expected to surpass 2.7 million metric tons by 2028. Lately, the demand has increased with growing water treatment market worldwide. Besides, pharmaceutical processing, air purification and automotive production has largely added to its increased demand.
Large number of players has emerged in the market, with few leading players focusing on plant expansion. Rotocarb, activated carbon manufacturer, is aiming to become largest producer in Africa by 2019 end. The company is strategically emphasizing on water treatment processing. In 2014, Cabot Corporation and Westmoreland Coal Company merged to double the activated carbon production capacity in North America.
Increased Demand for Pure Drinking Water to Create Favorable Ecosystem for Activated Carbon Market
Poorly enforced water treatment standards has led to demand for activated carbon. The trend is quite prominent in industrial developing nations. According to World Water Development Report by United Nations, water demand is increasing at a rate of 1% annually since last decade, largely due to population explosion and changing consumption patterns. Since 1990s, water quality has deteriorated making it unsafe for drinking to a large section of population in Africa, Asia, and South America. The situation further worsens with flood and draught situation. The demand for activated carbon has proliferated since then to enable pure water availability to mass population. The trend will continue throughout the forecast period.
Mercury Control from Power Plant to drive Demand for Activated Carbon Market Worldwide
Thermal plants especially coal fired power plants are major source of mercury emission. Mercury exposure in higher amount is highly poisonous to human health and in many ways does irreversible damage to humans and ecosystem. The trend is quite prominent in developing regions where countries rely on coal based power plant for energy consumption. As per the estimates, global mercury emissions stands at an average of 5,000 to 8,000 metric tons per year. Various government has taken stringent action on mercury emission. For instance, in U.S., Environmental Protection Agency has set guidelines to manage air toxic emissions. Activated carbon injection is considered as viable option to effectively manage the mercury emissions.
Global Activated Carbon Market Size and Forecast: Regional Analysis
Globally, Asia Pacific accounted for highest sales of activated carbon worldwide. The region accounted for 38% market share in 2018 and is expected to further witness increase of 570 basis points during the forecast period. Growth in the region is supported by rising population, higher consumption patterns, infrastructural advancement and overall rise in GDP. Economic growth has revived in the region with South East Asia emerging as major destination for players. Overall, industrial output has increased in the region. Supportive factors has contributed to higher demand for activated carbon worldwide.
What is Activated Carbon
Activated carbon has porous structure that makes it one of the most widely used adsorbents on the market. It is produced from a range of organic, carbon-rich sources. The porous structure allows activated carbon to capture and hold impurities and other undesirable material components on its surface.
Global Activated Carbon Market Size and Forecast: Competition Landscape
Competition in the activated carbon has increased. As a result, activated carbon companies are adopting inorganic growth as strategy to ensure long term stability. For instance, in 2018, Kuraray Co., Ltd. acquired Calgon Carbon Corporation
Key Activated Carbon players are:
- Carbon Activated Corp
- Osaka Gas Chemicals
- Kuraray Co. Ltd.
- Clarimex Group
- ADA Carbon Solutions
- Calgon Carbon Corporation
- Evoqua Water Technologies LLC
- Cabot Norit Activated Carbon
What Will You Discover in the Report?
- An in-depth analysis of the Activated Carbon market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Activated Carbon market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Activated Carbon market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Activated Carbon industry during the forecast period
- Who are the Activated Carbon industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Activated Carbon Industry Suppliers
- Activated Carbon Industry Manufacturers
- Consultants and Analysts
- Industry Specialists
Analyst access with Bekryl Market Analysts
Purchasing of Activated Carbon market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions