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Activated Carbon Market: Growth Opportunities Created by COVID-19 Outbreak! | Active Char Products Pvt Ltd, Donau Carbon GmbH, Cabot Corporation, Kureha Corporation, Ingevity, Iluka Resources, Puragen Activated Carbons, etc

Activated Carbon Market

Activated Carbon Market

The Global Activated Carbon Market Size is slated to reach USD 4.09 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. Fortune Business Insights(TM), in its new report, titled "Activated Carbon Market Size, Share & Industry Analysis, By Form (Powdered, Granular, and Others), By Application (Water Treatment, Air & Gas Purification, Food & Beverage, Others), and Regional Forecast, 2019-2026", states that the value of the market stood at USD 2.73 billion in 2018.

Activated Carbon Market Overview

Mounting concerns surrounding the steadily climbing mercury pollution levels across the globe is set to emerge as the primary growth driver for this market in the coming years. Mercury emissions from anthropogenic sources have risen at an exponential rate since the industrial revolution. According to the United Nations Environment Program (UNEP), artisanal and small scale gold mining is responsible for almost 38% of the global mercury emissions, followed by stationary combustion of coal at 21%. The element is highly toxic for humans and the environment, causing irreparable damage to both.

However, it can be removed from liquid and gas streams through adsorption processes enabled by activated carbon. This material works as a highly efficient carrier for impregnate that react with mercury and contain it within the adsorbent particles. Thus, proven efficacy of activated carbon adsorption in mercury removal operations is likely to fuel the Activated Carbon Market growth in the foreseeable future.

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List of Top Players Covered in the Activated Carbon Market Report Include:

o Osaka Gas Chemicals Co., Ltd.
o Donau Carbon GmbH
o Cabot Corporation
o Kuraray Co., Ltd.
o Activated Carbon Technologies
o Silcarbon Aktivkohle GmbH
o Ingevity
o Iluka Resources
o James Cumming & Sons
o Universal Carbons (India)
o Carbon Activated Corporation
o Troxnox
o Active Char Products
o Adsorbent Carbons
o Genuine Shell Carb
o Indo German Carbons
o Other Players

Activated Carbon Market Driver:

Worsening Water Pollution Worldwide to Fuel the Uptake of Activated Carbon

One of the leading Activated Carbon Market trends is the increasing demand for activated carbon around the globe owing to its effectivity in removing pollutants from contaminated water. Water pollution is a matter of grave concern for international and national bodies as lack of access to water has direct ramifications on the socio-economic fabric of a country. Rising industrial activities and expanding urban areas are aggravating the problem. The UNEP estimates that nearly 80% of wastewater in the world goes untreated.

Activated charcoal can prove useful in this scenario. For example, powdered activated carbon is capable of removing an extensive variety of organic pollutants from wastewater due to its larger surface area to volume ratio. Thus, the water can be recycled and reused in industries, avoiding the need to release it into freshwater bodies. Taking into consideration the multiple environmental benefits of activated carbon, its market is poised to experience a period of robust growth and expansion during the forecast period.

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Industry Developments:

o October 2019: Boston-based Cabot Corporation introduced the ATHLOS(TM) carbon nanostructures (CNS), its newest addition to the company's line-up of specialty materials. The innovation facilitates an excellent electromagnetic interference balance which can equip end-users to sustainably use and manage new-age plastic products and applications.

o August 2018: The South Carolina-based specialty chemicals leader Ingevity developed the wood-based activated carbon, AquaNuchar, which was used by the water authority of North Carolina to treat municipal water. The product satisfactorily demonstrated its ability to disinfect wastewater and even exceeded the US Environmental Protection Agency's requirements.

Regional Dynamics

Rising Demand for Wastewater Treatment to Drive the Market in Asia-Pacific

Asia-Pacific is anticipated to lead the Activated Carbon Market share in the forecast period on account of the escalating demand for new technologies for treatment of wastewater in India and China. Moreover, rapid growth in population in these countries would necessitate the need for potable water, which is expected to spike the demand for activated carbon filters in the region.

North America boasted of a market size of USD 709.7 million in 2018 and is expected to continue its impressive run owing to the stringent industrial emission legislations being implemented in the US. Similar nature of environmental laws will propel the market in Europe, while increasing focus on water purification will boost the market in Latin America, according to the Activated Carbon Market analysis.

Competitive Landscape

Portfolio Diversification to Aid Players Strengthen Their Market Position

The Activated Carbon Market competition is getting charged up as key players in this market launch innovative solutions for their customers. Diversified offerings would enable these companies to entrench their position in the market as well as expand globally, the Activated Carbon Market report states.

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Fortune Business Insights(TM) offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights(TM), we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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