Global Activated Carbon Market to Grow at Over 12% through 2019
Growing awareness about mercury emissions, air and water pollution control, and increasing use in end user industries to boost global market for activated carbon
Activated carbon is fine powdered, granular or pelletized carbon formed by activating materials that contain carbon, such as coal, wood, coconut shells, olive stones and peat. Thermal and steam treatment of these materials removes the organic content and creates a unique internal pore structure, which significantly increases surface area for adsorption. Activated carbon is largely available in either powered or granular state. Adsorption, reduction, catalysis, mineral recovery, solvent recovery, gas separation, etc. are a few of the major applications of activated carbon, due to which it finds use in diverse end use industries, such as chemical & petrochemical, environment pollution control, pharmaceutical, power, metallurgy, automobile, food & beverage and many others.
According to recently published TechSci Research report “Global Activated Carbon Market Forecast and Opportunities, 2019”, the global market for activated carbon is forecast to witness a CAGR of over 12% during 2014-19. An increasing number of countries globally, including the US, EU nations, Japan, etc. are undertaking efforts to minimize mercury emissions, primarily from coal fired power plants. Increasing awareness about mercury control regulations is anticipated to play a substantial role in fueling activated carbon demand in mature markets like the US and Europe. Activated carbon has also emerged as one of the most effective and sustainable solutions for water and air pollution control due to its exceptional adsorption capabilities. Emerging economies such as India and China are placing significant focus on improving water and air quality, which is expected to catalyze demand for activated carbon in these countries.
“Coal fired power plants are a major source of mercury emissions, which is a huge environmental concern. With implementation of stricter environmental regulations related to mercury removal across the globe, the demand for activated carbon is expected to witness robust growth in developed as well as developing markets over the next 5-6 years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a global management consulting firm.
“Global Activated Carbon Market Forecast and Opportunities, 2019” has evaluated the future growth potential of activated carbon market globally and provides statistics and information on market structure, region-wise segmentation and industry behavior. The report includes activated carbon market projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities available in activated carbon market, globally.
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