Press release
Global Activated Carbon Market Size, Share and Trends to 2022, Key Players-Haycarb PLC, Carbon Resources LLC., Meadwestvaco Corporation, Jacobi Carbons AB.
Global Activated Carbon Market
Activated carbon is also called as activated charcoal, is a form of porous carbon, without graphite, formed by the activation of carbonaceous materials such as sawdust, bamboo, coconut shells, wood chips, coal, rice leaves, etc. Extruded products are commonly used in the activated carbon market. The impregnated carbon is another variety that contains different elements, such as the carbons coated with polymer, iodine and silver. Activated carbon is used in a wide range of applications in the treatment of gases, vapors and liquids. The active carbon value chain includes raw material suppliers, the production process, product supply channels, end-use industries and after-sales service.
Market Expected to register at a CAGR of 6.14% during the forecast period, 2017-2022
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Global Activated Carbon Market -Drivers and Restraints:
The growing need for water treatment facilities due to water scarcity and increased pollution is the main driver of this market. In addition, strict environmental regulations to control carbon and polluting emissions increase the demand for activated carbon applications. The active carbon sector is increasing with industrialization and urbanization. The government is committed to maintaining a healthy environment in terms of water and air safety for living beings. In addition, granting subsidies to industries such as the power generation industry to combat pollution. The concern for health problems related to people's water and air consumption has increased the applications of activated charcoal in the areas of purification, health and beverages, pharmacy and medicine, automobile and much more. The high price of raw materials limits the growth of the market. In addition, the high level of pollution, the increase in per capita income, the development of new products and launches will create potential opportunities for the expansion of the activated carbon market in the coming years.
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Global Activated Carbon Market -Geographical Segmentation:
The Asia-Pacific region became the largest consumer of activated carbon and accounted for almost 41% of the world market share. The growth of the main end-use sectors including water treatment and air purification mainly in Japan, and the emerging economies of China and India are estimated to be propelling the activated carbon market in the region. The water treatment sector was the main outlet for activated carbon and accounted for more than 47% of the Asia Pacific market. North America was the second largest activated carbon market and accounted for more than 27% of the world market. Due to the strong increase in demand for active carbon in Asia Pacific and the rest of the world, the share of Europe and North America market decrease during the forecast period.
Leading Players Included in this Global Activated Carbon Market Report are:
Haycarb PLC, Carbon Resources LLC., Meadwestvaco Corporation, Jacobi Carbons AB, Cabot Norit Activated Carbon are the major players of the Global Activated Carbon Market.
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