Activated carbon is utilized across various applications. These include air refinement, treatment of water, food and beverages and vehicles. Rising demand for activated carbon across these sectors is anticipated to drive the demand for the activated carbon market. Stern water policies in various regions and mercury control for air refinement are the two important components, diving further demand for the activated carbon market.
The worldwide market was predicted to be worth about USD 1.8 billion in 2011. It is expected to achieve a size of around USD 3 billion by 2016. The activated carbon market is likely to grow at about 11 percent CAGR during 2011 to 2016. It has been rising significantly during the last few years. The market is projected to continue likewise in the future.
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This is on account of growing demand for activated carbon in consumer and application segments. Activated carbon also witnesses rising demand from applications in gas and air treatment. This factor is responsible for growing the market at a quicker pace. Reducing governmental policies in relation to activated carbon also drive the market in the said applications.
Prospects for the regeneration of activated carbon are also estimated to add income to the activated carbon market. In addition to these, activated carbon applications across different verticals to decrease pollutants also steer the sales of the market. These applications across sectors to meet the authoritarian standards for pure water and air are also estimated to drive the activated carbon market through the forecast period.
The various categories of the activated carbon market are applications, products, consumers and geographical regions. The applications market consists of gas phase and liquid phase. The products activated carbon market includes granular, powdered and others. The others sector comprises impregnated, extruded, etc.
The consumers market includes automotives, food and beverage processing, air purification, healthcare and pharmaceuticals, water treatment and others. The geographies activated carbon market consists of four regions. These include Asia Pacific, rest of the world, Europe and North America.
The applications market was dominated by liquid phase in 2012. Liquid phase occupied in excess of 58 percent of the total income. Conversely, gas phase was the most rapidly developing application of the activated carbon market. With regard to income produced, gas phase is estimated to rise at about 13 percent CAGR during 2012 to 2019.
The products market’s most swiftly expanding sector is occupied by powdered during 2013 to 2019. Powdered is expected to climb at about 13.7 percent CAGR during the said period. Over 32 percent of the market income in 2019 would be captured by granular. The consumers sector of the activated carbon market was dominated by water treatment in 2012.
The utilization of activated carbon in the sector of water treatment is projected to increase at about 10.2 percent CAGR during 2013 to 2019. The geographical regions market was leaded by Asia Pacific. The region made up for nearly 41 percent of the global activated carbon market. This is ascribed to rising consumer sectors in China, India and Japan.
Information Source: Grand View Research