The Global Market for Activated Carbon is Projected to Reach 3.0 Million Metric Tons by 2024
Stringent Environmental Regulations to Boost Growth in
the Global Activated Carbon Market, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market share, size and
demand forecasts on the global Activated Carbon market. The global market for Activated Carbon is projected to
reach 3.0 million metric tons by 2024,
driven by stringent environmental regulations governing water and air
purification, growing demand for clean potable water across the world and rapid
industrial growth of Asia and other emerging markets.
Activated carbon is an
ubiquitous material finding usage in a myriad of applications ranging from
water treatment, air purification, to food & beverage processing, medical
& pharmaceuticals production and automotive emission canisters, among
others. Global market for activated carbon is driven by stringent environmental
regulations concerning water and air purification, increasing in purging heavy
metal residues in industrial pollutants, and the rapid industrial growth of
Asia and other emerging markets. Demand for Activated carbon is expected to
benefit from demand in motor vehicle emission canisters as a result of new
environmental regulations and rebounding automobile production. The adoption of
EPA Tier 3, Near Zero gasoline vapor emission standards in the U.S. is expected
to drive demand for activated carbon over the near to midterm. The global
market is also expected to receive impetus from developments in the reactivated
carbon segment. Reactivated carbon is anticipated to experience increased usage
among municipalities and industries in line with their increased focus on
lowering carbon footprint while achieving cost savings.
Water treatment is
expected to continue as the leading demand area for activated carbon in the
global market through the medium term, while other uses including air
purification and food & beverage processing are expected to foster faster
growth in demand. Despite the numerous forms of AC available today, granular activated carbon (GAC) and powdered activated carbon (PAC) have emerged as
the two most widely used types in various markets. These forms of AC are expected
to strengthen their stronghold and garner an even higher share of the overall
market through the forthcoming years, spurred mainly by environmental
regulations in various countries across the world. Demand for reactivated carbon is also forecast to increase among
municipalities and industries, given the growing focus on cost-effective
conformance to carbon ceiling laws.
As stated by the new
market research report on Activated Carbon, the U.S.
represents the largest market worldwide, supported by stringent environmental such
as Mercury and Air Toxics Standards (MATS) for removal of mercury at coal and
oil based power plants and other industries in the region, and the
implementation of the Disinfection Byproduct (DBP) Rule aimed at treating
potable water. Asia-Pacific is forecast to emerge as the fastest growing market
with a CAGR of 8.6% over the analysis period, led by factors such as improving
economy, resurgence in construction, and automobile sectors, rapid urbanization,
and increasing levels of industrialization.
Major players in the market
include ADA Carbon Solutions, Cabot Norit Activated Carbon, Calgon Carbon Corporation,
Carbon Activated Corp, Evoqua Water Technologies LLC, Clarimex Group, Kuraray Co.
Ltd. Ingevity, and Osaka Gas Chemicals among
others.
The research report titled
"Activated Carbon: A Global Strategic Business Report" announced by Global Industry Analysts, Inc.,
provides a comprehensive review of market trends, issues, and strategic
industry activities of major companies worldwide. The report provides market
estimates and projections for geographic markets such as the US, Canada, Japan,
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe),
Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America and Rest of
World. The report analyzes the global market for activated carbon by product
segment – Powdered Activated Carbon, Granular Activated Carbon, and Other
Activated Carbon. End-use applications segments analyzed include Liquid Phase
Applications (Water Treatment, Food & Beverages, Medical &
Pharmaceuticals, and Other Liquid Phase Applications) and Gas Phase
Applications (Air Purification, Automotive Emission Canister and Other Gas
Phase Applications).
Global Industry
Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.
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