Activated Carbon Market to reach nearly $5.1 billion by 2021- Ceskaa Market Research

Ceksaa Market Research (http://www.ceskaa.com/shop/advanced-materials/global-activated-carbon-market-2016-2021/) has announced the addition of the Global Activated Carbon Market: 2016-2021 report to their offering.

The global market for activated carbon has been growing at a considerable rate with water treatment, air and gas filtration, food and beverage, pharmaceutical, and automotive end-user industries over the past five-years. The market for activated carbon used in air and gas treatment applications is expected to grow at a faster rate due to tightening government regulations. The Asia-Pacific region dominates the activated carbon market globally followed by North America and Europe. The opportunities for regeneration of activated carbon are further driving the activated carbon market worldwide.

To assess the market, activated carbon is divided into three major types – powdered activated carbon (PAC), granular activated carbon (GAC) and other activated carbon such as extruded activated carbon (EAC) or palletized activated carbon, beaded activated carbon, polymer activated carbon, activated carbon fiber and honeycomb activated carbon. Activated carbon is a type of adsorbent made from coconut shells, coal, peat, sand, bamboo and wood. Activated carbons manufactured from coconut shells are mainly in powdered and granular forms, while those from coal are commonly in powdered, granular and extruded forms and those manufactured from wood are majorly powdered form. Activated carbon has a porous structure with a wide surface area where all contaminants are adsorbed Application of activated carbons in various industries to reduce the level of contaminants and impurities as well as to meet the regulatory standards for pure air and water is driving the global market for activated carbon.

Calgon Carbon Corp., Cabot Corp., Haycarb PLC, Ingevity Corp., Osaka Gas Co. Ltd., Kuraray Co. Ltd. and Evoqua Water Technologies LLC are some of the major manufacturers of activated carbon globally.

ADA Carbon Solutions LLC, Albemarle Corp., Carbotech AC GMBH, Indo German Carbons Ltd., Kureha Corp., Ningxia Huahui Activated Carbon Co. Ltd. and Oxbow Corp. are the other key participants in the activated carbon market.

This report also highlights the major drivers and challenges related to activated carbon and also focus on the market share for major companies, including their profiles.

Activated ­­­­­carbon is the major adsorbent in global adsorbent market occupying more than 65% of the volume market share due to its high adsorption capacity and large surface area. Activated carbon is mainly divided into three types; powdered, granular and extruded. It has become the preferred option for use in potable water purification, waste water treatment, aquariums, swimming pools and sewage water treatment as well as air and gas filtration. These applications are gaining popularity due to increasing pollution levels, health concerns and stringent government regulations.

Apart from this, activated carbon is used for decolorization and deodorization of food and beverages; and purifies vitamins antibiotics and active pharma ingredients in pharmaceutical industry and 1medical applications. Some of the other applications of activated carbon include control gas emissions in automobiles; personal protection in defense sector; gold and precious metal recovery; and as catalyst in removal of mercaptan in oil refineries.

Scarcity of raw material and increasing concerns over supply chain, the activated carbon market is currently facing pricing issues; however, the market for activated carbon is on rise due to its extensive use in liquid phase and gas phase applications.

Ceskaa Research projects that the global value market for activated carbon is expected to grow from $2.7 billion in 2015 to $2.9 billion in 2016 at a year-on-year growth rate of 9.6%. In addition, the market is expected to grow at a five-year CAGR of 11.5%, to reach nearly $5.1 billion in 2021. Below are some sample table provided in this report:

SUMMARY TABLE

VALUE FORECAST – GLOBAL MARKET FOR ACTIVATED CARBON BY TYPE, THROUGH 2021
($ MILLIONS)

Source: Ceskaa Research

Global Activated Carbon Market Forecast & Opportunities, 2021 discusses following aspects related to the global market for activated carbon:

• Global Activated Carbon Market Size, Share & Forecast
• Segmental Analysis: By Raw Material, By Type, By Application, By Company
• Regional Analysis: Asia-Pacific, Americas, Europe
• Changing Market Trends & Emerging Opportunities
• Competitive Landscape & Strategic Recommendations

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Source: Ceskaa Research