Mercury Removal and Clean Water Regulations to Drive Growth in the Global Activated Carbon Market, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) November 25, 2013 -- Follow us on LinkedIn - Activated carbon is an ubiquitous material finding usage in a myriad of applications ranging from water treatment, air purification, food & beverage processing, to medical & pharmaceuticals and automotive emission canisters for the purpose of absorption of impurities. Most common forms of activated carbon include powdered activated carbon and granular activated carbon, which can be produced from variety of high carbon content materials such as coal, coconut shells, peat and wood.
Powdered activated carbon is expected to benefit from Mercury and Air Toxics Standards in the United States, which encourages installation of activated carbon injection systems. Granular activated carbon is anticipated to gain from the implementation of Stage 2 of the Disinfectants and Disinfection By-Products Rule. Activated carbon market is also expected to benefit from the ‘the Minamata Convention’ signed in Japan in October 2013, which places special emphasis on addressing issues relating to mercury releases and emissions globally.
Activated carbon has emerged as one of the most effective solutions for water and air purification due to its exceptional adsorption capabilities. While mercury control regulations is expected to play a major role in fuelling demand for activated carbon in the US, in China the growing focus on improving quality of water and air in accordance with the goals of the 12th Five-Year Plan will aid market growth. Expanding applications in modern medicine and increasing production of sweeteners, beverages and edible oils will also drive market growth. Growing population and the acute need for superior waste disposal management is likely to generate significant demand for activated carbon in hazardous waste incineration and clinical waste incineration applications. With market growth primarily driven by government and environmental regulations, the global market for activated carbon was largely undeterred by the economic crisis of 2007-2009.
Air Purification end-use segment is also rapidly emerging as a key enabler of growth, supported by the growing focus on mercury removal in coal-fired power plants and other facilities, especially in the US. The food and beverage sector is also adding to market prospects, given the steady development of the sector in developing countries. Surging automobile production and stringent emission norms in the automotive sector is also driving demand due to increased usage of emission canisters and cabin air filters.
Given the current tight raw material supply conditions and the ensuing increase in prices of virgin activated carbon, demand for reactivated carbon is poised to witness steady growth in the coming years. Owing to its regenerative ability, granular activated carbon is especially expected to benefit from this trend. In refineries, reactivated carbon is often used for reducing volatile organic compounds (VOC) levels in vapor-phase applications, groundwater remediation, and wastewater treatment processes. Demand for reactivated carbon is also anticipated to increase among municipalities and industries in line with their increased focus on lowering carbon footprint while achieving cost savings.
As stated by the new market research report on Activated Carbon, Asia-Pacific represents the largest market worldwide, supported by growing population, increased urbanization and robust pace of industrialization, which necessitates increased usage of activated carbon in various applications. The United States is forecast to emerge as the fastest growing market with a projected CAGR of 13.2% over the analysis period, led by stringent regulatory standards relating to air and water pollution.
Major players covered in the report include ADA Carbon Solutions, Cabot Norit Activated Carbon, Calgon Carbon Corporation, Carbon Activated Corp, The Clarimex Group, Haycarb PLC, Kuraray Chemical Company Ltd., and MeadWestvaco Corporation, among others.
The research report titled "Activated Carbon: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, issues, and strategic industry activities of major companies worldwide. The report provides market estimates and projections for geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America and Rest of World. The report analyzes the global market for activated carbon by product segment – Powdered Activated Carbon and Granular Activated Carbon, and by the end-use applications – 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).
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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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Public Relations, Global Industry Analysts, Inc., http://www.StrategyR.com/, +1 (408) 528-9966, [email protected]
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