Activated Carbon: A Global Strategic Business Report
San Jose, California (PRWEB) March 04, 2015
Follow us on LinkedIn – Defined as a form of carbon obtained by activating carbonaceous raw material through oxidation process, activated carbon is witnessing strong demand worldwide. The exceptional adsorption capability of activated carbon enables its widespread use in water and air purification applications. In addition, the material also finds use in food & beverage, medical, pharmaceuticals and automotive sectors. Steady opportunities for adsorption technologies in several industrial processes will directly benefit the market for activated carbon in the coming years. Demand for activated carbon is primarily driven by stringent water and air pollution regulations. The clean water act mandates the use of activated carbon in purging heavy metal residues and other pollutants from industrial effluents. The growth in demand will also be led by the reviving automobile production and the ensuing increase in consumption of activated carbon in the manufacture of activated carbon canisters. Activated carbon canisters in an automobile help improve motor performance and reduce the emissions of toxic hydrocarbons by adsorbing and recycling them back into the motor circulation.
Air Purification ranks as a lucrative end-use market, with growth supported by the growing focus on mercury removal in coal-fired power plants. The demand for reactivated carbon is also forecast to increase among municipalities and industries, given the growing focus on cost-effective conformance to carbon ceiling laws. The rising cost of compliance will therefore spur the development of activated carbon from recycled, and subsidized feedstock. Powdered activated carbon is expected to benefit from Mercury and Air Toxics Standards (MATS) in the United States, which encourages installation of activated carbon injection systems. Also driving gains is the Disinfectants and Disinfection Byproducts Rule, which puts a limit on the permissible concentration of chemicals in drinking water.
As stated by the new market research report on Activated Carbon, Asia-Pacific represents the largest market worldwide, supported by GDP gains, heathy construction, automobile, pharmaceutical and manufacturing sectors, rapid urbanization, and continuous industrialization. The United States is forecast to emerge as the fastest growing market with a projected CAGR of 11.9% over the analysis period.
Major players covered in the report include ADA Carbon Solutions, Cabot Norit Activated Carbon, Calgon Carbon Corporation, Carbon Activated Corp, Clarimex Group, Kuraray Chemical Company Ltd., MeadWestvaco Corporation, and Osaka Gas Chemicals 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, Granular Activated Carbon, and Other Activated Carbon. End-use applications segments 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).
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