Dallas, Texas, April 26, 2019 (GLOBE NEWSWIRE) -- Strengthening economic conditions in key countries including China and India, coupled with the rapidly industrialization is considered to trigger the demand in the future
The global activated charcoal market size is likely to exceed USD 6.60 billion by the end of 2025. Activated charcoal is a multifunctional adsorbent that is used for filtration of undesired particles in liquid and gaseous mediums. High porosity of activated charcoal, also known as activated carbon makes it a favorable material for use in a diverse array of industries.
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The report on “Global Activated Charcoal Market” covers market estimates in terms of revenue and volume from 2013 and 2025. Historic data from 2013 to 2018 and forecast data from 2019 to 2025 has been included within the scope of the study. Evaluation of the global activated carbon market 2018 trends has been done by using Porter’s Five Forces and PESTEL analysis tools. The report further covers industry insights on the market movement. The study includes an in-detail segmentation by end-use, type, and region. The report also provides a detailed business overview and key strategic developments of key players operating in the global activated charcoal market.
Activated charcoal is commercially available in different grades or forms such as granular, powdered, and extruded. Utilization of each grade varies based on the type of end-use. For instance, the powdered activated carbon (PAC) grade is highly consumed by the water treatment sector, whereas the granular form is suitable for use in air purification systems. The powdered activated charcoal segment among the major product segments captured over 40% of the global activated charcoal market size in 2018.
The “Global Activated Charcoal Market Size 2018 By Type (Powdered, Granular, Extruded and Others), By End-Use (Water Treatment, Air Purification, Food & Beverage, Pharmaceuticals And Others), By Region (North America, Europe, APAC) and Forecast 2019 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
Water and wastewater treatment, pharmaceutical, food & beverage, automotive, and chemical manufacturing are the major end-use verticals of activated charcoal. Of these, water and wastewater treatment segment was the largest end-use in 2018, owing to several factors including rising potable water demand worldwide and strict environmental regulations for water quality improvement, effluent treatment, and wastewater management. Air purification is another significant end-use of activated charcoal, due to high levels of pollution in prime urban areas of the world. The demand for activated carbon in air purification end-use is expected to surpass 1000 kilo tons by the end of 2025.
The global activated charcoal market size has been witnessing significant expansion over the past few years. Rising industrial usage of activated carbon and stringent regulations and policies for environmental sustainability are a couple of the key factors that are considered to propel the activated charcoal market demand. Significant adoption in new end-use segments such as automotive will also favor the demand growth in the future.
Asia Pacific was the leading region in 2018 and is considered to maintain its dominant position in the global activated carbon market by the end of the forecast period. Strengthening economic conditions in key countries including China and India, coupled with the rapidly industrialization is considered to trigger the demand in the future. Matured markets including the US, Japan, and countries in Western Europe are likely to illustrate a slightly diminished market share in 2019 and beyond. The overall expansion of the global activated charcoal market size is likely to occur at a 9.2% compounded yearly growth rate by 2025.
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The global activated charcoal market is fairly competitive and comprises of numerous large scale to small scale players. Key players with a global market presence include Jacobi Carbons, Calgon Carbon Corporation, Carbotech, Cabot, and KURARAY.
Major points from Table of Contents:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. Activated Charcoal Market Overview, By Type
Chapter 5. Activated charcoal Market Overview, by End Use
Chapter 6. Activated Charcoal Market Overview, By Region
Chapter 7. Market Competition
Chapter 8. Company Profiles
Continued…
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