The global activated carbon market size is expected to reach USD 14.66 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 17.5% during the forecast period. Rising consumption of water and air purification in clinker cement industries and coal fired plants is anticipated to drive the demand for powdered and granular form of activated carbon.
Activated
carbon has high porous structure and adsorption capacity, hence it is highly
consumed in water and air purification process among numerous end-use
industries. Applications in removal of toxic gases, acids, metallic particles,
and mercury from coal and oil powered plants are expected to fuel the growth of
the market. Changing lifestyle and increasing health awareness is expected to
further drive the market in the forthcoming years.
In
water treatment applications, it is consumed in municipal water treatment,
domestic water purification and groundwater remediation. Pharmaceutical
industry uses activated carbon as an antidote to poison caused by toxins
ingestion. Applications into food and beverage industry includes removal of
unwanted odor and color from the consumable products. Increasing environmental
pollution due to vehicular emission and industrial gases is projected to drive
the demand from air purification segment.
Various
regulating authorities have made stringent regulations for environmental
pollution control and have promoted activated carbon in water and air treatment
plants, which in turn is estimated to propel the activated carbon market over
the forecasted period. The European commission regulates water pollution and
industrial wastewater discharge. The U.S. Environmental Protection Agency (EPA)
governing mercury emission from coal power plants has recommended use of the
product for removing chemical impurities. Implementation of these regulations
is expected drive the product consumption over the forecasted period.
Full Research Report On Activated Carbon Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/activated-carbon-market
Further key
findings from the report suggest:
- Air
purification segment held the leading market share of over 40% in 2018.
Growing awareness regarding health benefits of air filtration coupled with
regulations such as the Clean Air Act is further anticipated to drive the
growth
- Water and
wastewater treatment is expected to expand at an indicated CAGR of a 17.6%
from 2019 to 2025. The growth can be attributed to increasing application
in municipal plants, ground water remediation, and beverage industry
- Asia Pacific
continued to be the dominant region in 2018 as well as accounting for over
40% of the overall market share in the same year. Increasing usage in air
and water purification and emergence of novel applications such as
pharmaceutical and food and beverage industry in the region is expected to
drive the product demand
- Key players
operating in the activated carbon market include Kureha Corporation;
Carbon Activated Corporation; ADA-ES Inc.; Haycarb PLC; Carbotech; Carbon
Resources LLC; Cabot Corporation; MeadWestvaco Corporation; and Calgon
Carbon Corporation
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/activated-carbon-market/request/rs1
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company, registered
in the State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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