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Increasing focus on water treatment and air purifications in recent years has demonstrated energetic demand for activated carbon. Activated carbon is well renowned for its exceptional adsorption properties which find applications in diversified industries as well as in other non-industrial establishments across the globe. It is widely used as a specialty chemical for water treatment and air purification purposes including applications in purifiers, automobile, food, beverages, pharmaceutical, FMCG and numerous other industries. Except purification, the product is immensely required for mining of precious metals i.e. Gold. Moreover, there are a number of other potential applications which enhances the significance of activated carbon as a versatile industrial chemical.
According to “Global Activated Carbon Market Forecast & Opportunities, 2017” the demand for activated carbon is expected to grow at the compounded annual growth rate (CAGR) of more than 13% for next five years to make it a whooping US $ 3 Billion market by the year end 2017. Due to increased worldwide concern on mounting environment pollution, governments are recognizing the importance of products and systems which can act as safeguards to counter pollution related adverse effects. Activated carbon has been extremely successful as a remediation solution for air and water purification through its excellent adsorbent properties which is actively driving its sales in nearly all regions of the world. Asia Pacific and North America are two largest markets that comprised nearly three quarter of global sales volumes in 2011. United States is the largest global market for activated carbon and related services whereas demand is growing incessantly in developing countries especially in China, India and South Korea.
“Global Activated Carbon Market Forecast & Opportunities, 2017” includes:
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