Activated Carbon Market size is anticipated to witness a significant growth, owing to rising investments in infrastructure for safe drinking water. Upsurge in demand for the product as a key tool in water purification in developing nations will drive market growth over the forecast period. Extensive application scope to remove chlorine, volatile organic compounds (VOCs), sediment, taste and odor from water. Rising concern regarding health related issues on consumption of contaminated water is expected to remain a key driving factor for the global market growth.
Major industry participants are Carbotech, Haycarb PLC, MeadWestvaco Corporation, Siemens Water Technologies Corp, Kureha Corporation, Jacobi, ADA-ES, Clarinex Group, Calgon, Carbon Resources, Cabot Corporation Kuraray and Carbon Activated.
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Polymer coated, extruded, impregnated and bead activated are the most widely used products. Activated carbon remove pollutant molecules by adsorption process without affecting minerals, dissolved inorganic compounds and salts. Carbon filtering is also used for air purifiers and industrial gas processing such as siloxanes and hydrogen sulfide removal from biogas.
Increasing demand for product in diverse applications, including respirator masks, sugarcane purification, cigarette filters and recovery of precious metals, especially gold will drive product penetration. Surge in demand of filters for municipal water treatment facilities for recycling will also stimulate activated carbon market size.
Stringent government regulations regarding mercury emissions from coal fired power plants will propel product demand over forecast period. Industrial norms around restoring and protecting the environment will also drive product penetration. Demand for regenerated carbon is likely to surge in metropolises and industrial sectors, as manufacturers look to comply with pollutant ceiling legislation. Increasing adoption of the product in automotive industry will further add to activated carbon market growth. Surge in production and application of activated carbon canisters in automobiles to reduce pollutant emissions and improve engine performance will augment market size.
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Asia Pacific led by China is anticipated to provide rapid growth opportunities in forecast period owing to increasing industrialization in developing countries mainly China. The demand is driven by insufficient clean water access as industrial development has a direct impact on water treatment plants. Government regulations and subsidies to safeguard the environment anticipated to support the regional growth. Emerging economies such as Japan, China and India will lead the regional demand. Growing population coupled with increasing automotive sale, will drive the demand for product over forecast period.
North America product demand is driven by rising health concerns and stringent environment regulations. U.S. followed by Canada and Mexico are anticipated to be the key consumers positively impacting the regional demand. Mercury and Air Toxics Standards (MATS) set forth by the United States Environmental Protection Agency as part of the Clean Air Act on the amount of emission of mercury and other toxins from these power plants will support product penetration over the forecast period.
European market also plays a key role in the overall activated carbon market. Increasing demand for powdered activated carbon for decolonization and deodorization operations in pharmaceutical industry is expected to drive demand over forecast period. Stringent government regulations coupled with increasing demand to regulate water pollution and wastewater from municipal and industrial sources will augment market size in the region over forecast period. Rising concern about mercury emission from various end-use industries such as coal fired generators, waste incinerators, cement kilns, steel mills and industrial boilers in the region will promote product demand.
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Global activated carbon industry is highly competitive owing to presence of a large number of market participants. Rising demand for product coupled with huge application potential has attracted various small manufacturers in market. The market is majorly dominated by few multinational players as a result the majority of the share accounts for these large players.
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