The Global Activated Carbon Market is anticipated to reach around 3 million tons by 2020. The market is expected to expand at a healthy CAGR of over 11 % over the forecast period (from 2014 to 2020). Rising concerns about drinking water safety and rising trend of adopting a healthy lifestyle are expected to drive market demand.
Increasing number of water and wastewater treatment units across the world is expected to boost the growth of the global market. Soaring costs of water and regulatory pressure to recycle are also anticipated to positively affect market growth. Rising use of recycled water for many industrial processes has also augmented the need for activated carbon. However, various environmental factors may limit the availability of raw materials, which can result in rising product prices. This is expected to have a negative impact on the global market.
A team of experts at the Industrial Research Institute of Shizuoka Prefecture, Japan, is developing a storage battery that utilizes activated charcoal made from coffee grounds. This activated carbon is more environment-friendly than the conventional kind and is equally efficient. Activated charcoal has many microscopic holes and can store electricity when soaked in electrolyte solutions. The wider the surface area and the finer the holes, the more electricity it can hold.
The global activated carbon market is categorized as per product type, application, end use, and region. Based on product type, the market is categorized into Granulated Activated Carbon (GAC), Powdered Activated Carbon (PAC), and others. Growing number of applications in the cement industry and regulatory norms such as the Environmental Protection Agency (EPA) Mercury & Air Toxic Standard (MATS) are projected to propel the demand for PAC.
Granulated products are expected to exhibit a healthy growth rate from 2014 to 2020. Factors such as size balance, better surface area, and hydraulic head make GAC a widely preferred product in many end-use industries. Key application areas include vapor and gas absorption and deodorization and component separation in flow systems.
Based on application, the market is segmented into liquid phase and gas phase. The gas phase application segment is projected to have the highest gains by 2020. This can be attributed to its increasing scope in various end-use industries such as chemical and food and beverage.
Based on end use, the market is categorized into air purification, water treatment, pharmaceutical and medical, food and beverage processing, automotive, and others. The water purification segment led the global market in the past. Strict standards mandating the adoption of efficient and environment-friendly water disposal methods are expected to boost the segment. The air purification segment is also anticipated to witness rapid growth in future. Increasing health concerns and awareness regarding respiratory diseases are key factors responsible for the growth of this segment.
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Based on geography, the market is divided into Asia Pacific (APAC), Europe, North America, and Rest of the World (RoW). Asia Pacific dominated the global activated carbon market in the past. The Europe market is estimated to exhibit steady growth due to an expanding water treatment industry and strict government norms for pollution control in U.K. and Germany.
Major companies operating in the global market include Cabot Norit Corporation; CarboTech AC GmbH; ADA-ES, Inc.; Oxbow Activated Carbon LLC; Calgon Carbon Corporation; and Osaka Gas Chemicals Co., Ltd.
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