NEW YORK, Sept. 17, 2015 /PRNewswire/ — Global Activated Carbon market was valued at $2.41 billion in 2014 and is expected to reach a value of $4.46 billion by 2020 showing a compound annual growth rate of 10.8%. In terms of tonnage, the global market was 1.56 million metric tons in 2014. Asia Pacific dominated the global activated carbon market, accounting for over 40% of total volumes in 2014, with china being a leading exporter, accounting for over 35% of total Asian activated carbon exports in 2014.
Activated carbon is usually derived from charcoal. It can be manufactured from any organic material having high carbon content, such as bituminous coal, wood, peat, lignite, and coconut shells. It is used in wide variety of applications which include gas, vapor, and liquid treatment.
Key product segments analyzed and reported in this study include powdered, granular and Pelletalized activated carbon products. Powdered activated carbon (PAC) is mainly produced by chemical activation and is used for drinking water treatment and mercury removal. Granular activated carbon (GAC) is predominantly used for gas purification and made by gas steam activation. In water purification application, the degree of effectiveness of GAC filters is directly related to contact time with the water and flow rate of the water. Powdered activated carbon dominated global demand in 2014, accounting for 55.6% of total volumes. However, demand for powdered application is expected to be primarily driven by air purification applications and is expected to grow at a CAGR of 11.9% from 2014 to 2020. Granular activated carbon market revenues are expected to grow at a CAGR of 11.1% from 2014 to 2020.
Among the end-user industry segment, water treatment is the major end-user. Over the next few year, the air purification application segment is expected to grow at a fast pace when compared to water treatment. Other applications include food and beverage, pharmaceutical and medical, and automotives. The report studies the activated carbon product, raw material types, and their importance and also gives an idea about the import-export scenario globally.
Companies profiled in the Activated Carbon market report include Albemarle Corporation, Calgon Carbon Corporation, Carbotech AC Gmbh, Clarimex Group, Kurary Co. Ltd., Norit N.V.and Siemens Water Technologies Corp. among others.
MI predicts the major driver for this market to be 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.
One of the key challenges in the market is the shortage of raw materials such as coconut shell charcoal which is used for making of activated carbon.
What the report contains
The report elucidates the situation of Activated Carbon around the world and studies its markets by end-user industry which include Water Treatment, Food & Beverage, Healthcare, Automotive, Air Purification, Solvent Recovery and Others; and by Product Type – Powder, Granular and Pelletalized.
Lastly, the report is divided by geography – North America, Europe, the Asia-Pacific (APAC) and Rest of the world; where-in the market share of each region is analyzed and estimates are provided for the next 5 years.