Activated Carbon Market to Gain Share with Rising Emission Control Applications

Pune, India, May 2019, MRFR Press Release/- Market Research Future has Published a Cooked Research Report on the Global Activated Carbon Market.

Market Overview

The escalated pollution levels have increased the use of activated carbon significantly in a range of products. Reports that assess the advanced materials industry have been presented by Market Research Future, which creates reports on numerous industry verticals that examine the market progress and forecasts. The market is anticipated to be motivated with a CAGR of 7.61% to achieve revenues worth USD 10.62 billion by the conclusion of the forecast period.

The application of activated carbon to remove toxic gases and elements from industrial waste effluents, natural gas, and flue gas is anticipated to enhance the market share of the Activated Carbon Market. The revision in the environmental regulations is anticipated to stimulate the market for activated carbon. Moreover, the rising use of activated carbon in water treatment for industrial and drinking water applications is expected to create favorable growth opportunities.

Segmental Analysis

The segmentation of the activated carbon market is carried out on the basis of type, application, and region. On the basis of type, the activated charcoal market is segmented into granular activated carbon, powdered activated carbon, extruded activated carbon, and others. Based on application, the activated carbon market is segmented into air purification, water purification, metal extraction, food & beverage, pharmaceuticals, automotive, industrial chemicals, catalyst, and others. By regions, the activated carbon market is segmented into Latin America, Europe, Asia Pacific, the Middle East, North America, and Africa.

Competitive Analysis

The surge in the market is credited to the presence of favorable market forces are expected to complement the development of the market. The positive reinforcement of the forces of demand and supply is expected to lift the market growth in the coming years. The synergies achieved in the manufacturing of the goods in the market are enhanced, leading to better growth prospects. The availability of productive resources is expected to further the progress of the market in the forecast period. The increased transaction level in the market is expected to spur an accelerated level of growth in the market. The conception of prodigious competitive advantages is likely to support the progress of the market. A considerable ascension in the number of promoters in the market is estimated to form a beneficial outlook for market growth in the projected period. The relaxation of the barriers to the entry of new players in the market is expected to encourage the expansion of the market in the impending years.

The important competitors in the activated carbon market are Kuraray Co., Ltd (Japan), Haycarb (Pvt) Ltd (Sri Lanka), Prominent Systems, Inc. (US), Donau Carbon GmbH (Germany), DESOTEC Activated Carbon (Belgium), Cabot Corporation (US), Oxbow Activated Carbon (US), Osaka Gas Chemicals Co., Ltd (Japan), Silcarbon Aktivkohle GmbH (Germany), Kureha Corporation (Japan), and Lenntech BV (the Netherlands), among others.

Regional Analysis

The regional assessment of the activated carbon market covers regions such as Latin America, Europe, Asia Pacific, the Middle East, North America, and Africa. The Asia Pacific region held the major market segment of 45% in 2017 and is anticipated to list the highest CAGR of over 9% throughout the forecast period. The food & beverage, chemicals, and energy industries in the economies of China, Indonesia, and India are seeing robust development and are thus powering the demand for activated carbon in the market. The North American region controls the second major share of the global market, with a market worth of USD 914 million in 2017. The intensifying pressure from the EPA and the US government on the industries to decrease the mercury emissions is expected to increase the demand for activated carbon in the region. The Latin American region is expected to observe large growth throughout the forecast period to touch USD 430 million by the conclusion of the forecast period by 2023. This is chiefly due to the growing consumption of activated carbon in the air purification and water purification applications. 

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