Dublin, Nov. 05, 2021 (GLOBE NEWSWIRE) -- The "Global Activated Carbon Market by Type, Application and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global activated carbon market is estimated to be USD 5.7 billion in 2021 and is projected to reach USD 8.9 billion by 2026, at a CAGR of 9.3% from 2021 to 2026.
The driving factors for the activated carbon market are applications in water treatment and air purification along with stringent government regulations regarding the removal of mercury from power plants have led to increasing acceptance of activated carbon products.
Powdered activated carbon segment to witness highest CAGR during the forecast period
The powdered activated carbon segment is projected to be the fastest-growing segment in the activated carbon market. Powdered activated carbon (PAC) has a relatively smaller particle size compared to granular activated carbon and consequently presents a large surface-to-volume ratio. Owing to this, PAC is generally added directly to process units, such as rapid mix basins, clarifiers, and gravity filters.
Traditionally, activated carbon is made in particulate form as powders or fine granules less than 1.0 mm in size with an average diameter between 0.15 mm and 0.25 mm. The effectiveness of PAC in adsorbing tastes and odors depends on adequate mixing, contact time, dosage, and on the cause and concentration of the taste or odor problem. PAC is used for applications such as wastewater treatment.
It has low initial cost, and the dosage of PAC can be adjusted as per the changing contaminant levels. However, PAC has a high operating cost, and if used continuously, it cannot be regenerated, produces large quantities of sludge, and the dust resulting from the small particles of PAC make handling difficult.
Liquid phase application segment to witness higher CAGR during the forecast period
The use of activated carbon in the liquid phase application includes potable water treatment, groundwater treatment, decolorization, industrial water treatment, precious metal (gold) recovery, and chemical and pharmaceutical wastewater treatment.
The demand for activated carbon for emerging applications such as for boiler feedwater treatment, in medical treatments for chronic kidney diseases, and in the electronic industry for the production of ultrapure water is expected to gain traction during the forecast period.
APAC is the largest market for activated carbon
APAC led the global activated carbon market, accounting for a share of 39.28% in 2020. APAC is segmented into China, Japan, India, Indonesia, South Korea, and the Rest of APAC. Factors such as the ready availability of raw materials and manpower, along with sophisticated technologies and innovations, have driven economic growth in the APAC region.
High GDP rate as compared to mature countries in North America and Europe and developing end-use industries such as chemical, petrochemicals, and food & beverages are expected to propel the demand. Haycarb Plc. (Sri Lanka) and Osaka Gas Co. Ltd. (Japan) are some of the leading producers of activated carbon in the region that dominate the supply chain. However, local activated carbon producers in China also contribute significantly to the market share.
This study has been validated through primaries conducted with various industry experts worldwide. These primary sources have been divided into 3 categories, namely by company, by designation, and by region.
Premium Insights
- Developing Countries Offer Attractive Opportunities In Activated Carbon Market
- China Was The Largest Market for Activated Carbon In 2020
- Powdered Activated Carbon To Lead Overall Market During The Forecast Period
- Gas Phase Application To Lead Overall Activated Carbon Market
- Activated Carbon Market In China Projected To Witness Highest CAGR From 2021 To 2026
Market Dynamics
- Drivers
- Growing need for pollution control generating demand for activated carbon
- Stringent regulations regarding water pollution
- Restraints
- Scarcity of raw materials causing price hikes of activated carbon in Asia Pacific
- Opportunities
- Reactivated carbon to provide lucrative opportunities to activated carbon producers
- Challenges
- Weak economic conditions to lower industrial growth
Companies Mentioned
- Advanced Emissions Solutions Inc.
- Ajinomoto Fine-Techno Co., Inc.
- Albemarle Corporation
- BASF SE
- Cabot Corporation
- Carbon Activated Corporation
- Carbon Resources Llc
- Carbotech AC GmbH
- Donau Carbon GmbH
- Evoqua Water Technologies Llc
- Haycarb Plc
- Ingevity
- Interra Global
- Kalpaka Chemicals Private Limited
- Kuraray Co. Ltd.
- Kureha Corporation
- Micbac India
- Osaka Gas Co., Ltd.
- Oxbow Activated Carbon Llc
- Prominent Systems Inc.
- Raj Carbon Private Limited
- Resintech Inc.
- Shinkwang Chem. Ind. Co., Ltd.
- Silcarbon Atkivkohle GmbH
- Veolia Water Technologies
For more information about this report visit https://www.researchandmarkets.com/r/3ajhpi
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