In 2012, powdered activated carbon dominated the market globally with contribution for over 53% of total volumes. According to the Research study by Hexa Research, This market is likely to boom in upcoming years with rising demand of mercury removal applications and drinking water treatment. Activated carbon market is majorly dominated by Asia Pacific region. Granular activated carbon industry is expected to reach USD 1,933.4 million till 2020 with the growing CAGR of 14.2% from 2015 to 2020. In 2012 air purification and water treatment industries dominated entire market accounting for around 76% of activated carbon volumes.
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By 2020, Air purification market for Activated Carbon is estimated to reach around USD 2,245.2 million with CAGR over 15% from 2015-2020. Market revenues are estimated to reach around USD 2,095.0 million by 2020 with growing CAGR at 14.2% from 2014 to 2020. Rapid industrialization growth is expected to drive Activated carbon market globally.
Activated carbon which is basically used for liquid, vapor and gas treatment, is also effective is removing chlorine to make water consumable. GAC market is likely to experience considerable growth in next six years. With increasing environmental concerns for reduction of emission of acid gases, mercury from coal plants is the main factor for growth of the market over forecast period. Few US environmental protection agencies have set the standards for air toxicity and mercury.
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Manufacturers have upgraded their coal plants according to the system of injecting activated carbon in flues gases to remove mercury Activated carbon is the major absorbent occupying more than 64% of volume market share owing its high absorbent capacity and large surface area. Major players of global activated carbon market are Calgon Carbon Corporation, MeadWestvaco Corporation, Cabot Corporation, Haycarb PLC and Carbon Resources LLC.
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