Press release
Activated Carbon Market Size Worth $5.3 Billion By 2020 | Hexa Research
Favorable regulations such as “Clean Air Mercury Rule” from EPA for lowering mercury emissions from coal-power fired industries are likely to support activated carbon market demand. Tight raw material supply situation of coal, wood pulp and coconut shell is likely to affect overall industry profitability.
Powdered activated carbon (PAC) dominated the product segment and accounted for over 56% of the total volume in 2013. Increasing application scope in cement industry, municipal treatment, groundwater remediation and beverage industry is likely to drive its growth. GAC (granular activated carbon) is anticipated to witness gains at an estimated CAGR of 11% from 2014 to 2020.
Browse Details of Report @ http://www.hexaresearch.com/research-report/activated-carbon-industry/
Key report insights suggest:
Global activated carbon market size was estimated 1.37 million tons in 2013 and may register 2.96 million tons by 2020 growing with an estimated CAGR of 11.7% from 2014 to 2020.
Liquid phase applications dominated demand and accounted for 55.3% of the share in 2013. Activated carbons are widely preferred in removing containments from ground water which helps in addressing consumer health concerns. Gas phase applications are likely to witness highest gains of 14.3% from 2014 to 2020.
Water treatment dominated end-use segment and accounted for 41.2% of the total volume in 2013. Air purification is anticipated to be the fastest growing end-use segment with expected gains of 13.8% from 2014 to 2020.
Asia Pacific dominated the regional market and accounted for 41.1% of the total volume in 2013 and is also likely witness highest gains of over 12% from 2014 to 2020. Presence of large scale manufacturing units in countries such as China and India are likely to drive regional demand. North America is anticipated to grow at an estimated CAGR of 11.4% from 2014 to 2020.
The global activated carbon market is consolidated with top three companies comprising over 70% of the share by revenue. Major companies include Calgon Carbon, Haycarb PLC, ADA-ES Inc., MeadWestvaco Corp, Cabot Corp, Siemens Water Technologies and Jacobi Carbons.
For the purpose of this study, HexaResearch has segmented the activated carbon market on the basis of product, application, end-use and region:
Global Activated Carbon Product Overview (Kilo Tons; Revenue, USD Million, 2012 – 2020)
Powdered Activated Carbon (PAC)
Granular Activated Carbon (GAC)
Others
Global Activated Carbon Product Overview (Kilo Tons; Revenue, USD Million, 2012 – 2020)
Liquid Phase
Gas Phase
Global Activated Carbon End-Use Overview (Kilo Tons; Revenue, USD Million, 2012 – 2020)
Water Treatment
Food & Beverage Processing
Pharmaceutical
Automotive
Air Purification
Others
Global Activated Carbon Regional Overview (Kilo Tons; Revenue, USD Million, 2012 – 2020)
North America
Europe
Asia Pacific
RoW
Browse Related Category Market Reports @
https://www.hexaresearch.com/research-category/specialty-and-fine-chemicals-industry
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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
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