Activated Carbon is processed carbon with a porous structure and a very large internal surface area. Physical adsorption is the principal property of activated carbon which makes it useful for water purification, air purification, soil remediation, automotive emission control, metal recovery, separation and purification of chemicals, foods, and pharmaceuticals. It can be produced from a number of carbon-rich organic materials such as charcoal, coconut shell, wood, coal, peat, and others.
Water purification is set to remain the key driver for the growth of the Global Activated Carbon Market during the forecast period. Stringent government regulations for emission control in developed as well as in developing countries is another major factor driving the growth of the Global Activated Carbon Market in the manufacturing as well as automotive industries. Rapid industrialization in Asia-Pacific is further boosting the growth of the product market. Furthermore, the ease of raw material availability is also positively supporting the growth of the Activated Carbon Market.
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The Global Activated Carbon Market is a highly lucrative market and, therefore, many market players are adopting various growth strategies such as expansions, acquisitions, product launches, and joint ventures. For instance, CPL Carbon Link (CPL), a leading supplier of activated carbon based in the UK, acquired the Madrid-based filtration media specialist GalaQuim Protección Medioambiente (GPM) in October 2017.
Furthermore, reactivated carbon technology, in which spent carbon is recycled by reactivating its adsorptive capacity, is expected to create new growth opportunities for market players during the forecast period.
The Global Activated Carbon Market has been segmented by Form, Application and Region.
On the Basis of Form, the Global Activated Carbon Market has been segmented into granular, powdered, pelletized, beads, and others.
On the Basis of Application, the Global Activated Carbon Market has been segmented into water purification, air purification, food & beverage, pharmaceuticals, cosmetics and personal care, mining, chemical purification, soil remediation, and others.
The Global Activated Carbon Market has been segmented into five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia-Pacific held the largest share of the Global Activated Carbon Market; the regional market is expected to register the fastest growth during the forecast period. Rapid industrialization in emerging economies such as China and India are likely to result in the rising demand for activated carbon.
North America and Europe are also major markets for activated carbon owing to the high demand from end-use industries such as food & beverage, chemicals, pharmaceuticals, and cosmetics and personal care. Stringent regulations for industrial and automotive emissions are positively impacting the product market.
Latin America accounted for a significant share of the Global Activated Carbon Market in 2017, with rising product demand expected in the region during the forecast period. The significant demand for the water treatment applications is driving the regional product market. Furthermore, rapid industrialization in countries such as Brazil, Mexico, and Argentina is expected to lead to increased product demand during the forecast period.
The market in the Middle East & Africa held the least share of the Global Activated Carbon Market in 2017. The regional market is expected to grow during the forecast period mainly due to the growing oil & gas and food & beverage industries.
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