Activated Carbon: A Global Strategic Business Report
San Jose, CA (Vocus) October 15, 2010
Worldwide demand for activated carbon is slated to undergo a significant geographic shift from developed to developing countries. Rising population and higher enforcement of environmental standards would drive growth in developing nations, particularly China, India, South Korea and Taiwan. Significant growth is also expected from Eastern Europe, Latin America, and Middle East, albeit at a relatively lower pace. Manufacturers and industrial customers are increasingly looking towards moving production base to low cost regions including China and India, which proffer production benefits such as cheap raw materials, energy and labor costs. End-use applications of activated carbon including water treatment, air purification and food & beverage processing are considered conventional market leaders. Additional growth is however expected to stem from rigid environment regulations across all the regions worldwide. Government legislations such as Clean Water Act and the Safe Drinking Water Act are important factors influencing expansion in the market. China and US constitute two of the largest producers of activated carbon worldwide. Asian countries including Sri Lanka, Indonesia, Thailand and the Philippines are among significant producers and exporters of coconut husks-derived activated carbon.
Future growth for activated carbon would be largely powered by increased applications in the medical & pharmaceuticals industry, fueled by innovations in vitamins, pharmaceuticals, and nutraceuticals production.. Activated carbon is also likely to experience increased demand in motor vehicle emission canisters as a result of new environmental norms. Some of the potential areas representing high growth in the future include removal of cancer-developing agents from chlorine in drinking water; carbon clothes for protection of military personnel during radiological, biological and chemical warfare; carbon reactivation/ recycling; removal of mercury from coal-based power plants and usage of ultraviolet light for removal of cryptosporidium and other pathogens in water.
Demand for activated carbon plunged significantly amidst economic slowdown, experiencing negative growth of 1.4% in 2009 over the previous year. Companies operating in the activated carbon sector resorted to price reductions in order to offset the impact of slowdown on their revenues. The global recession impacted majority of the end-use industries, reeling under market and price pressures. The downturn forced several industries to cut down on production capacity owing to low demand for activated carbon, particularly in wastewater treatment. Even government-controlled water agencies, which use activated carbon for treatment of drinking water, postponed purchases on account of reduced budgets due to the recession. The market is however projected to witness healthy growth rates starting from 2011. Recovery in the market is assisted by turnaround in most of the economies, propelled by strong growth signals from developing economies. A large chunk of future demand for activated carbon is projected to arise from the Asia-Pacific region, driven by brisk pace of industrialization and initiatives towards environmental protection.
The trio of US, Asia-Pacific and Europe together comprise the largest chunk of the Activated Carbon market, as stated by the new market research report. The US traditionally dominates the activated carbon market. The region is also forecast to race ahead of the other world markets at the highest compounded growth rate, driven by new federal environmental regulations and product developments. Asia-Pacific is likely to follow suit as the next significant market for activated carbon.
The Powdered Activated Carbon (PAC) is the largest product segment, which has primarily maintained a stronghold owing to lower production costs and dominance in the liquid phase applications. On the other hand, granular activated carbon (GAC) is expected to grow at a faster pace owing to its regeneration capability. The end-use liquid phase Water Treatment application continues its leadership position as the largest demand area for activated carbon globally. Conversely, Medical & Pharmaceuticals applications are expected to fuel future growth of activated carbon market.
Leading market participants in the Activated Carbon market include CECA Specialty Chemicals, Calgon Carbon Corp., Chemviron Carbon, Clarimex SA de CV, Haycarb Ltd., Kuraray Chemical Co., Ltd., MeadWestvaco Corp., NORIT Americas, Inc., Osaka Gas Chemicals Co., Ltd., and PICA.
The report titled “Activated Carbon: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry outlook, overview, end-use applications, product overview, recent industry activity, and profiles of market players worldwide. Analysis and overview is presented for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific and Rest of World. Market analytics are provided in terms of terms of volume (metric tons) for product segments including Powdered Activated Carbon and Granular Activated Carbon. Key end-use applications analyzed include Liquid Phase Applications (Water Treatment, Food & Beverages, Medical & Pharmaceuticals and Other Liquid Phase Applications) and Gas Phase Applications (Air Purification, Automotive Emission Canister and Other Gas Phase Applications). The study presents historic data for an insight into market evolution over the period 2000 through 2006.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Activated_Carbon_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year.
Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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