Global activated carbon market is expected to experience considerable
growth over the forecast period owing to increasing application in
major end-use industries including pharmaceuticals, water treatment, and
food & beverages processing. Activated carbon is a platform
chemical, and is formed by carbonaceous materials including bamboo,
sawdust, wood chips, coconut shells, coal, and lignite. Powdered
activated carbon is the derivative product of activated carbon, which
finds application in mercury removal and drinking water treatment.
Growing requirement of mercury removal in coal fired plants is
expected to be the major factor driving the global activated carbon
market over the next six years. US Environmental Protected Agency (EPA)
has set the basic standard for mercury and air toxicity. Now industrial
manufacturers have to upgrade their coal plants according to the
regulation by injecting activated carbon to remove mercury from flue
gases. This change in regulation is expected to drive the global
activated carbon market in this region over the next six years.
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Need to improve quality of water for domestic purpose is likely to
propel activated carbon market over the foreseeable period. Granular
activated carbon (GAC) is another by product of activated carbon, which
finds application in gas purification. Increasing environmental concern
over air pollution coupled with need to filter gas released from coal
plants is anticipated to have positive impact on activated carbon market
over the forecast period.
Activated carbon is used in liquid, vapor, and gas treatment, and is
also effective in removing chlorine from water making it consumable for
further use. Activated carbon also finds application in manufacturing
medical equipment such as gas masks to filter out chlorine gas. Powdered
activated carbon was the leading market in 2012, and the market is
expected to continue over the forecast period owing to increasing use in
air purification. GAC market is expected to experience considerable
growth over the next six years.
Increasing environmental issues to reduce emission of acid gases,
mercury, and other air pollutants from coal plant, clinker cement
plants, and solid waste incinerators is expected to be the factor
driving the market over the forecast period. Gold recovery,
de-colorization of sugar, catalytic process, deodorization of wines and
fruit juice, automotive transistors, and production of fine chemicals
are other applications of activated carbon. Rapid industrialization
growth across the globe is expected to drive the global activated carbon
market over the foreseeable period. Shortage of raw materials including
coconut shell, wood, and sawdust is likely to hinder the market growth
over the forecast period.
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Asia Pacific has been dominating the global market over the recent
past, and the trend is expected to continue over the next six years.
China was the leading exporter among other nations in 2012. Growing
water purification market in India, Thailand, and China owing to
increasing population is anticipated to have positive impact on
activated carbon market over the foreseeable period. In addition,
growing automotive market in China is likely to drive activated carbon
market in Asia Pacific region. U.S. accounts for largest market of
activated carbon. Growing pharmaceutical industry in North America is
expected to influence activated carbon market over the forecast period.
Europe activated carbon market is expected to experience significant
growth over the next six years on account of increasing beverage
industry in Germany.
Global activated carbon market is highly consolidated by top players.
High coconut shell production in SriLanka which is important raw
material for activated carbon is expected to create an opportunity for
the market players in Asia Pacific. Some of the major companies
operating in global market include Cabot Corporation, Calgon Carbon
Corporation, Carbon Resources LLC, CarboTech and Haycarb PLC, and
MeadWestvaco Corporation among other.
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