Big Market Research has added a report, titled, “World Activated Carbon Market – Opportunities and Forecasts, 2014-2022.” As per the report, the world activated carbon market would reach 2,776 kilo tons and $5,129 million corresponding revenues by 2022, registering a CAGR of 6.83% and 9.32%, respectively, from 2016 to 2022. Activated carbon is used for adsorption and chemical reactions in purification, decaffeination, fuel storage, water treatment, food processing and many other processes. Increasing health concerns related to drinking contaminated water, enhanced environmental standards, and growing industrialization are factors driving the world activated carbon market. Environmental factors affecting availability of raw material such as coconut shells increases cost of raw material, can hamper growth of activated carbon market. Advancement in technology and new product launches are expected to create opportunities for growth.
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The report offers a detailed segmentation of the world activated carbon market on the basis of product type, end use, application, and geography. Product types covered in the study are powdered, granular, and others. Powdered activated carbon applications has the highest market share due to its benefits over other activated carbon types. The powdered activated carbon segment accounted for more than half of the market revenue in 2015. Use of powdered activated carbon in water and air purification plants are growing as it eliminates impurities & pollutants such as mercury and chlorine among others. Water treatment, food & beverage processing, pharmaceutical & medical, automotive, air purification, and others are end uses included in the report. Water treatment occupied two-fifths share of the total market in 2015 and is expected to maintain its lead throughout the forecast period. Water treatment is the most prominent segment growing at a CAGR of 8.86% in terms of revenue during the forecast period.
The report provides a detailed analysis of applications of activated carbon such as liquid phase and gaseous phase. Liquid phase holds the major share in the world market as activated carbon is prominently used in this phase for purification and filtration. Liquid phase activated carbon occupied three-fifths of share of the overall market in 2015. However, gaseous phase is expected to witness fastest growth during the forecast period. The research offers an extensive analysis of geographical regions such as North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific will be the fastest growing region, registering a CAGR of 11.12% from 2016 to 2022. By Geography, North America is the largest market at present accounting for the market share of about 44%. This region is majorly driven by the enhancing lifestyle of consumers and urbanization in the region. However, Asia-Pacific is expected to offer lucrative growth opportunities during the forecast period.
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Mergers & acquisitions, expansions, partnerships, and new product launches with new features & added values are most preferable strategies accepted by key players of activated carbon market. The key players profiled in the report are ADA-ES Inc., Jacobi Carbons AB, Siemens Water Technologies Corp, Kureha Corporation, Calgon Carbon Corporation, Carbotech, Carbon Resources LLC, Clarinex Group, Carbon Activated Corporation, and Cabot Corporation.
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