Global Activated Carbon Market: 2014-2019

June 22, 2016 - PRLog -- The global market for activated carbon has been growing at a considerable rate with water treatment, air and gas filtration, food and beverage, pharmaceutical, and automotive end-user industries over the past five-years.

According to the Latest report from Ceskaa Market Research the global market for activated carbon totaled $1.9 billion, in 2013, driven primarily by Asia-Pacific and North American region for applications in water treatment and air purification. As per Ceskaa Research, the global market for activated carbon reached $2.1 billion, in 2014, reflecting a YOY growth rate of 10.2% from 2013. Further, the market is expected to grow at a five-year CAGR of 11.3%, to reach $3.7 billion, by 2019. Stricter government regulations across regions for air purification and water treatment will drive the market for powdered and granular activated carbon. Asia-Pacific was the largest market for activated carbon, accounting for $751.8 million in 2013. Further, it is expected to grow at a five-year CAGR of 14.5% to reach $1.6 billion in 2019. The other two major markets, North America and Europe accounted for $510.7 million and $446.8 million, respectively in 2013.

Activated carbon, is the major adsorbent in global adsorbent market occupying more than 65% of the volume market share due to its high adsorption capacity and large surface area. Activated carbon is mainly divided into three types; powdered, granular and extruded. It has become the preferred option for use in potable water purification, waste water treatment, aquariums, swimming pools and sewage water treatment as well as air and gas filtration. These applications are gaining popularity due to increasing pollution levels, health concerns and stringent government regulations.

Apart from this, activated carbon is used for decolorization and deodorization of food and beverages; and purify vitamins antibiotics and active pharma ingredients in pharmaceutical industry and 1medical applications. Some of the other applications of activated carbon include control gas emissions in automobiles; personal protection in defense sector; gold and precious metal recovery; and as catalyst in removal of mercaptan in oil refineries.

Scarcity of raw material and increasing concerns over supply chain, the activated carbon market is currently facing pricing issues, however, the market for activated carbon is on rise due to its extensive use in liquid phase and gas phase applications.

The global market for activated carbon totaled $1.9 billion, in 2013, driven primarily by Asia-Pacific and North American region for applications in water treatment and air purification. Stricter government regulations across regions for air purification and water treatment will drive the market for powdered and granular activated carbon.

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