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).

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