The global activated carbon market size is expected to reach USD 14.66 billion by 2025. It is projected to expand at a CAGR of 17.5% during the forecast period. Rising consumption of water and air purification in clinker cement industries and coal fired plants is anticipated to drive the demand for powdered and granular form of activated carbon
Access
Sample Report of this report @ https://www.radiantinsights.com/research/activated-carbon-market-analysis/request-sample
Activated carbon has high porous
structure and adsorption capacity, hence it is highly consumed in water and air
purification process among numerous end-use industries. Applications in removal
of toxic gases, acids, metallic particles, and mercury from coal and oil
powered plants are expected to fuel the growth of the market. Changing
lifestyle and increasing health awareness is expected to further drive the
market in the forthcoming years.
In water treatment applications, it is
consumed in municipal water treatment, domestic water purification and
groundwater remediation. Pharmaceutical industry uses activated carbon as an
antidote to poison caused by toxins ingestion. Applications into food and
beverage industry include removal of unwanted odor and color from the
consumable products. Increasing environmental pollution due to vehicular
emission and industrial gases is projected to drive the demand from air
purification segment.
Various regulating authorities have made
stringent regulations for environmental pollution control and have promoted
activated carbon in water and air treatment plants, which in turn is estimated
to propel the activated carbon market over the forecasted period. The European
commission regulates water pollution and industrial wastewater discharge. The
U.S. Evironmental Protection Agency (EPA) governing mercury emission from coal
power plants has recommended use of the product for removing chemical
impurities. Implementation of these regulations is expected drive the product
consumption over the forecasted period.
Further
key findings from the report suggest:
• Air purification segment held the
leading market share of over 40% in 2018. Growing awareness regarding health
benefits of air filtration coupled with regulations such as the Clean Air Act
is further anticipated to drive the growth
• Water and wastewater treatment is
expected to expand at an indicated CAGR of a 17.6% from 2019 to 2025. The
growth can be attributed to increasing application in municipal plants, ground
water remediation, and beverage industry
• Asia Pacific continued to be the
dominant region in 2018 as well as accounting for over 40% of the overall
market share in the same year. Increasing usage in air and water purification
and emergence of novel applications such as pharmaceutical and food and
beverage industry in the region is expected to drive the product demand
• Key players operating in the activated
carbon market include Kureha Corporation; Carbon Activated Corporation; ADA-ES
Inc.; Haycarb PLC; Carbotech; Carbon Resources LLC; Cabot Corporation;
MeadWestvaco Corporation; and Calgon Carbon Corporation
Browse
Full Report With TOC @ https://www.radiantinsights.com/research/activated-carbon-market-analysis
About
Radiant Insights
Radiant Insights is a platform for companies
looking to meet their market research and business intelligence requirements.
We assist and facilitate organizations and individuals procure market research
reports, helping them in the decision making process. We have a comprehensive
collection of reports, covering over 40 key industries and a host of micro
markets. In addition to over extensive database of reports, our experienced
research coordinators also offer a host of ancillary services such as, research
partnerships/ tie-ups and customized research solutions.
Media
Contact:
Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
No comments:
Post a Comment