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Mounting environmental pollution is becoming a huge cause of concern for developed as well as developing countries, globally. Governments across the globe are becoming increasingly concerned about deteriorating quality of air and water, and subsequently framing stringent policies to keep a tab on pollution levels. Rising environmental awareness is triggering the demand for products, systems or solutions that can effectively counter the adverse effects of widespread environmental pollution. Activated carbon, characterized by its exceptional adsorption properties, has been identified as an effective solution for air and water pollution control, which is driving its demand in both mature and emerging markets across the globe. Besides drinking water treatment and air purification, activated carbon is also actively used in controlling mercury emissions, caused by burning of coal in power plants. With growing use in diverse end user industries, such as mining, food & beverage, pharmaceuticals and chemical & petrochemical, the global market for activated carbon is expected to post strong growth over the next five years.
According to "Global Activated Carbon Market Forecast & Opportunities, 2019", the global market for activated carbon is projected to grow at a robust CAGR of 12% until 2019. Asia-Pacific and North America are the two major markets for activated carbon, comprising more than 75% of the global sales in 2013. The United States is the largest market for activated carbon globally, though demand is also growing consistently in developing countries, especially in China, India and South Korea. The two widely available forms are powdered activated carbon (PAC) and granular activated carbon (GAC), with the former accounting for majority share in terms of the type of activated carbon used. Coal is still used as the most common raw material for manufacturing activated carbon, though use of other materials such as coconut shell is forecast to increase in the coming years. Calgon Carbon, Cabot Norit, Osaka Gas Chemicals, Kuraray Chemicals and Mead Westvaco are some of the leading players in the global activated carbon market. "Global Activated Carbon Market Forecast & Opportunities, 2019" discusses following aspects related to the global market for activated carbon:
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with stakeholders of activated carbon market, including manufacturers, distributors and industrial customers. Secondary research included an exhaustive search of more than 3,000 paid databases such ascompany annual reports, financial reports and proprietary databases.
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