Activated Carbon Manufacturing in the US Industry Market Research Report Has Been Updated from IBISWorld
New York, NY (PRWEB) December 16, 2014 -- The Activated Carbon Manufacturing industry has undergone significant changes since 2013, which is why IBISWorld updated its original industry research report.
For one, this industry continues to benefit from an intensified focus on environmental policy. Over the five years to 2014, the proposal for new emission standards for power plants and a range of other industrial facilities has affected industry operators. According to IBISWorld Industry Analyst Sarah Kahn, “a range of downstream industrial sectors rely on activated carbon for the removal of impurities.” These downstream markets are required to minimize the amount of mercury released into the air from coal. To comply with this regulatory change, power plants can introduce activated carbon injection systems to limit emissions. As these facilities have up to four years to meet the new standards, the majority of the regulation's benefit to the industry is expected to occur over the next five years. For example, according to IBISWorld estimates, industry revenue is anticipated to increase 9.5% in 2014 alone.
When evaluating this industry, “it is important to note that a rise in industrial production is generally correlated with the issuance of additional contaminants and an increased need for activated carbon products,” says Kahn. The rise in the industrial production index, combined with the rising price of industry products and a mounting focus on environmental protection, have largely offset lackluster downstream performance. Consequently, over the five-year period, according to IBISWorld estimates, industry revenue is expected to increase at an annualized rate of 8.6%, to reach $1.3 billion.
Due to increasing emission standards, over the five years to 2019, industry revenue is forecast to increase, according to IBISWorld estimates. Moreover, international emission standards and global demand are similarly anticipated to grow rapidly over the five-year period, causing industry exports to rise significantly over the period.
For more information, visit IBISWorld’s Activated Carbon Manufacturing in the US industry report page.
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IBISWorld industry Report Key Topics
Companies in the Activated Carbon Manufacturing industry manufacture activated carbon, which is a form of carbon that has been processed to make it extremely porous and, thus, have a very large surface area available for adsorption or chemical reactions. Activated carbon is produced from carbonaceous source materials, like nutshells, peat, wood, coir, lignite, coal and petroleum pitch and is used for a range of purposes, including gas purification and water purification.
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About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Gavin Smith, IBISWorld, +1 (310) 866-5042, [email protected]
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