The Global Activated Carbon Market Size is slated to reach USD 4.09 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. Mounting concerns surrounding the steadily climbing mercury pollution levels across the globe is set to emerge as the primary growth driver for this market in the coming years. Mercury emissions from anthropogenic sources have risen at an exponential rate since the industrial revolution. According to the United Nations Environment Program (UNEP), artisanal and small scale gold mining is responsible for almost 38% of the global mercury emissions, followed by stationary combustion of coal at 21%. The element is highly toxic for humans and the environment, causing irreparable damage to both.
However, it can be removed from liquid and gas streams through adsorption processes enabled by activated carbon. This material works as a highly efficient carrier for impregnate that react with mercury and contain it within the adsorbent particles. Thus, proven efficacy of activated carbon adsorption in mercury removal operations is likely to fuel the Activated Carbon Market growth in the foreseeable future.
Fortune Business Insights™, in its new report, titled “Activated Carbon Market Size, Share & Industry Analysis, By Form (Powdered, Granular, and Others), By Application (Water Treatment, Air & Gas Purification, Food & Beverage, Others), and Regional Forecast, 2019-2026“, states that the value of the market stood at USD 2.73 billion in 2018.
The report additionally provides answers to the following questions:
- What is the overall industry outlook for the market?
- What are the key driving factors for the market and what are the challenges?
- How will regional developments influence the market?
- Who are major companies in this market and what are their strategies?
- What are the main market segments and how are shaping the growth of the market?
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List of Top Players Covered in the Activated Carbon Market Report Include:
- Osaka Gas Chemicals Co., Ltd.
- Donau Carbon GmbH
- Cabot Corporation
- PURAGEN ACTIVATED CARBONS
- CARBOTECH AC GMBH
- Kuraray Co., Ltd.
- KUREHA CORPORATION
- Activated Carbon Technologies
- Silcarbon Aktivkohle GmbH
- Iluka Resources
- James Cumming & Sons
- Universal Carbons (India)
- Carbon Activated Corporation
- Active Char Products
- Adsorbent Carbons
- Genuine Shell Carb
- Indo German Carbons
- Other Players
Worsening Water Pollution Worldwide to Fuel the Uptake of Activated Carbon
One of the leading Activated Carbon Market trends is the increasing demand for activated carbon around the globe owing to its effectivity in removing pollutants from contaminated water. Water pollution is a matter of grave concern for international and national bodies as lack of access to water has direct ramifications on the socio-economic fabric of a country. Rising industrial activities and expanding urban areas are aggravating the problem. The UNEP estimates that nearly 80% of wastewater in the world goes untreated.
Activated charcoal can prove useful in this scenario. For example, powdered activated carbon is capable of removing an extensive variety of organic pollutants from wastewater due to its larger surface area to volume ratio. Thus, the water can be recycled and reused in industries, avoiding the need to release it into freshwater bodies. Taking into consideration the multiple environmental benefits of activated carbon, its market is poised to experience a period of robust growth and expansion during the forecast period.
Browse Summary of Report: https://www.fortunebusinessinsights.com/activated-carbon-market-102175
Rising Demand for Wastewater Treatment to Drive the Market in Asia-Pacific
Asia-Pacific is anticipated to lead the Activated Carbon Market share in the forecast period on account of the escalating demand for new technologies for treatment of wastewater in India and China. Moreover, rapid growth in population in these countries would necessitate the need for potable water, which is expected to spike the demand for activated carbon filters in the region.
North America boasted of a market size of USD 709.7 million in 2018 and is expected to continue its impressive run owing to the stringent industrial emission legislations being implemented in the US. Similar nature of environmental laws will propel the market in Europe, while increasing focus on water purification will boost the market in Latin America, according to the Activated Carbon Market analysis.
Portfolio Diversification to Aid Players Strengthen Their Market Position
The activated charcoal market competition is getting charged up as key players in this market launch innovative solutions for their customers. Diversified offerings would enable these companies to entrench their position in the market as well as expand globally, the Activated Carbon Market report states.