DUBLIN--(BUSINESS WIRE)--The "Global Activated Carbon Market - Segmentation by Type, Application, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Activated Carbon Market was valued at USD 3,124.73 million in 2017 and is expected to expand significantly with an estimated CAGR of 6.24%, mainly due to the growing water treatment industry during the forecast period, 2018-2023.
The market for activated carbon in air pollution control had been re-energized in April 2016, following the US Court of Appeal's decision to keep the Mercury and Air Toxics Standards (MATS) regulation in place. Activated carbon injection is projected to be the primary technology used for mercury removal from coal-fired power plants, cement plants, solid waste incinerators etc., in the United States.
Mercury emissions in Asia-pacific is increasing primarily owing to the rising electric generation in developing nations, such as China and India. This coupled with rising environmental regulations due to increasing automotive usage in both developing and developed countries across the globe, such as China, India, Germany, and United States are another driving factor for activated carbon market.
Water treatment is the largest application of activated carbon accounting for approximately 45% of the activated carbon consumption around the world in 2017. In order to meet stringent industrial process requirements for water to be used in beverage production, energy and life sciences, activated carbon is used. Usage of activated carbon for water purification purposes is also the most cost-efficient point-of-use (POU) water purification devices. Increase in industrial manufacturing in Asia-Pacific is another major driver for the increase in the activated carbon demand in this segment.
- Conformance to Stringent Environmental Regulations in Water Treatment Applications in the United States
- Augmenting Prominence for Air Pollution Control (Especially Mercury Removal)
- Narrower Markets due to increased costs of some grades of activated carbon
- Threat of Substitutes like Silica Gel and Supersand
- Rising Demand from Food and Beverage Industry
- Increasing Investment and New Mining Projects in Africa
Major Players: Osaka Gas Chemicals Co Ltd, Kuraray Co Ltd, Albemarle Corporation and Cabot Corporation, amongst others.
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
- ADA Carbon Solutions LLC
- Albemarle Corporation
- Cabot Corporation
- Carbon Activated Corp.
- CPL Carbon Link
- Donau Chemie Group
- Evoqua Water Technologies Llc
- Haycarb Pvt. Ltd.
- Jacobi Carbons Inc. (Osaka Gas Chemicals Co. Ltd.)
- Kuraray Co. Ltd.
- Kureha Corporation
- Oxbow Activated Carbon
- Prominent Systems Inc.
- Silcarbon Aktivkohle GmbH
- Veolia Water Technologies
For more information about this report visit https://www.researchandmarkets.com/research/mphk28/global_activated?w=4