Albany, NY, May 22, 2015 (GLOBE NEWSWIRE) -- The Global Activated Carbon Market was worth US$1,913.2 million in 2012. The market is growing at a CAGR of 11.9% from 2013 to 2019 and will be valued at US$4,180.5 million before the end of 2019. These are the findings of a research report published by Transparency Market Research. The report is titled Activated Carbon Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019. The report marks the most critical events in the global activated carbon market and successfully creates a detailed future forecast for it till the year 2019.
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The report pegs the greatest driver for the global activated carbon market's growth to be its growing use in the elimination of heavy metals from industrials because of the rise in alarms over the worsening environmental standards.
The Environmental Protection Agency (EPA) has issued the Mercury and Air Toxics Standard, which focuses on halting the presence of mercury, acid gas, and some other common metal emissions from oil and coal powered plants. This is expected to boost the growth of the global activated carbon market in the near future.
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Another important aspect that the report identifies is the reactivation of carbon. This segment is fast becoming the largest product segments in the global activated carbon market because of the extensive use and reuse of activated carbon in the elimination of mercury from industrial waste. The segment held almost 49% of the market in 2012.
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The water treatment application segment held the largest market share in 2012. The consumption of activated carbon in the water treatment segment is expected to grow at a CAGR of 10.2% from 2013 to 2019.
The liquid phase segment held more than 58% of the global activated carbon market share in 2012. On the other hand, the gas phase segment is tagged as the fastest growing application segment for the activated carbon market. With respect to revenue generated, it is expected to grow at a CAGR of 13% from 2012 to 2019.
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The report also presents a segmentation of the market according to the type of product used. It says that the fastest growing segment from 2013 to 2019, at more than 13.7%, is the powdered activated carbon segment. Although, more than 32% of the market share in 2019 will be held by granular activated carbon.
The report also provides a geographic detail of the global activated carbon market. According to the report, almost 41% of the global market share was captured by Asia Pacific in terms of consumption of activated carbon. This has been credited to the growing end user industry segment in Japan, China, and India. More than 47% of the Asia Pacific market was held by the water treatment segment in 2012.s
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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.