The Global Activated Carbon Market has experienced decent growth in the last few years. According to a report by Market Research Future (MRFR), the industry is projected to grow likewise during 2016 to 2022 (forecast period). The market should attain a size of around USD 5.2 billion by 2022. It can grow at over 12 percent CAGR till the same year.
The industry is primarily driven by multiple healthcare, industrial, automotive, & water treatment applications. Modern constructions are another key propeller. Based on this study, over 50 percent of the total industry is occupied by powdered activated carbon. The ‘powdered’ type is the key generator of incomes.
Activated carbon refers to ‘low-volume’ processed carbon with tiny pores. It boosts the required surface area for chemical adhesion & reactions. Organic substances with more carbon are processed to deliver activated carbon. Physical adsorption is the product’s most significant feature and finds usage in metal finishing, cleansing, medicines, and fuel-storage.
The gaseous and liquid states of activated carbon help in removing stinking composites, lead, & dissolved radon. The advantages of activated carbon bode well for the industry and drive its sales. Apart from this, activated coals display considerable growth in Europe and North America. Increasing number of people are suffering from diseases, resulting from the consumption of contaminated water. This fact has raised the purification standards and driven the global industry.
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Apart from these factors, escalating production and vehicular-ownerships have assisted the market in gaining higher traction. India and China are spending heavily on water-cleansing plants. This fact coupled with the need for mercury regulation & governmental subsidies drives the industry. Firms are making use of product innovations and regional expansion to maintain their competitiveness over others.
Water contamination & shortage have led to more water treatment plants in the making. Moreover, stern policies regarding the emission of pollutants & carbon are promoting applications that involve activated carbon. High per-capita earnings, product advancements, & feedstock prices provide greater opportunities to the market.
The Global Activated Carbon Market is trifurcated on the basis of kinds, applications, and regions. Granular, powdered, bead, & extruded form the kinds. Healthcare, industrial, food & beverages, automotive, and water treatments are the applications. The industry, in view of regions, is fragmented into Asia Pacific, Europe, North America, and rest of the world.
North America symbolizes the biggest market. Its portable water-treatment measures have aided the region. Asia Pacific is likely to surface as the most rapidly growing market in the near future. Its ‘safe’ water demand and modern-day constructions are projected to maximize its growth.
Important Participants and Target Customers
Well-established companies of the Activated Carbon Market are Albemarle Corporation, Kureha Corporation, Jacobi Carbons, CECA SA, and others. Intended clients of this market consist of feedstock suppliers, potential spenders, academic/research companies, application sectors, etc.
“Activated Carbon Innovations” is a firm and situated in South Africa. It specializes in the manufacture of premium Activated Carbon. Heavy research and developments have enabled the company to build an environmentally safe unit. This unit applies to the requirements of aquarium filter, waste water, livestock, cultivation, pharmaceutical, & gold extraction processes.
As per ‘MRFR,’ the Activated Carbon Market is reported to achieve USD 5.2 billion by the end of the forecast period. #Kureha Corporation #Market Research Future.
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