Zion Market Research, the market research group announced the analysis report titled “Activated Carbon Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024”
Global Activated Carbon Market: Overview
Activated carbon is one of the major adsorbents in the adsorbent market globally. Its capacity of adsorption is high and it also has a large surface area. Coal, wood, coconut shells and lignite are the major raw materials used for production. It is subdivided into three types, namely, powdered, extruded and granular. Activated charcoal is used extensively in liquid phase and gas phase applications. Sectors which make use of activated carbon include automotive industry, food and beverage industry and pharmaceutical, and medical industry. Activated carbon is generally used for its decolorization and deodorization property. Increasing pollution and growing awareness about health are factors owing to which there has been a gradual growth for activated carbon in the market.
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Global Activated Carbon Market: Segmentation
The global activated carbon market is segmented into its products, applications, and regions. Powdered, granular, polymer coated, extruded, impregnated and bead activated carbons are the divisions observed in the activated carbon market. Based on application, segregation is seen as liquid phase application and gas phase application. In the liquid phase, activated carbon is used in water treatment plants, food and beverage industry, and pharmaceutical and medical industry. Gas phase application of activated carbon is seen in sectors of industries and automotive. The activated carbon market is diversified into regions such as North America, Asia-Pacific, Europe and Rest of the World.
Global Activated Carbon Market: Growth Factors
There has been a rising demand for activated carbon for water phase and gas phase applications, especially in industrial facilities. There is a rise in demand in the U.S. market for activated carbon. Advancement in technology, growing awareness about health and growing capability of people to obtain medical services are some of the key factors escalating the growth of activated carbon market globally. In addition, growth in the activated carbon market may be witnessed due to the new demand in mercury control technology, mercury, and its derivatives being hazardous in nature. Availability of raw materials may be restricted due to environmental factors, which may cause hike in prices. This may have a negative influence on the activated carbon market.
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Global Activated Carbon Market: Regional Analysis
The Asia Pacific region is the dominating region in the activated carbon market globally. It is followed by North America, Europe and other regions such as Latin America, the Middle East and Africa. Market hold of activated carbon is very strong in the U.S. Asian countries are one of the chief exporters of activated carbon in the U.S. market. The U.S. is presumed to lead the regional demand ahead of Canada and Mexico. A steady growth is also anticipated in countries such as Japan, China, and India, which are predicted to lead the regional demand in future.
Global Activated Carbon Market: Competitive Players
Some of the key players producing activated carbon in the market include Haycarb PLC, MeadWestvaco Corporation, Kureha Corporation, Calgon Carbon Corporation, Carbon Resources LLC, Carbotech, Clarinex Group, Jacobi Carbons AB, Cabot Corporation Kuraray Co. Ltd., Carbon Activated Corporation, Siemens Water Technologies Corp., MeadWestvaco, Evoqua Water Technologies LLC, Osaka Gas Company Ltd., Albemarle Corp., Indo German Carbons Ltd., Arkema group, Oxbow Corporation, Ningxia Huahui Activated Carbon Company Ltd. and ADA-ES Inc.
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Global Activated Carbon Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa
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