Global Activated Carbon Market Overview:
Activated carbon filter (ACF) has superior properties and is a modified form of carbon-based materials with a well-defined porous structure, large surface area and superior absorption capacity. The raw materials used in the synthesis of these include cellulose, polyacrylonitrile, phenolic resin, pitch filter and the other similar products. Activated carbon filters are used in the purification of polluted gas and aqueous streams and in many chemical recovery operations.
Global Activated Carbon Market Size:
According to our report, Global Activated Carbon Market was valued at USD XX Million in 2017 and this figure estimated to cross USD XX Million by 2022 end growing at a CAGR of XX% during the forecast period.
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Global Activated Carbon Market Drivers and Restraints:
The global market of activated carbon filter is driven by a greater awareness of the treatment of wastewater by the population, a greater use of ACF in air purification materials and carbon filters, an increase in applications and a need for purification of drinking water. The Asia Pacific region is expected to register substantial growth due to the rapid industrialization of emerging economies, such as China and India, and the increase in disposable income. However, the high cost of carbon filter and fluctuations in the availability of raw materials could hamper market growth. In addition, the potential use of these activated carbon filters in new applications and the growing demand from emerging markets should provide potential growth opportunities for the sector.
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Global Activated Carbon Market Geographic Segmentation:
In 2015, Asia Pacific became the largest market and accounted for more than 40% of global ACF consumption. Rapid industrialization in the region, together with regulations aimed at preserving the environment, should benefit the growth of the regional market. It is expected that demand from countries such as Japan, India and China will contribute decisively to the overall demand of the regional market.
Global Activated Carbon Market Regional Growth Analysis:
Demand in North America is expected to grow at a compound annual growth rate of 13.0% during the forecast period. Strict regulations to protect the environment, awareness of clean water consumption and widespread industrialization have benefited the regional demand for activated carbon.
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Global Activated Carbon Market Key Players:
Some of the prominent players of the global activated carbon filter market include ADA-ES Inc., Haycarb PLC, Kureha Corporation, Calgon Carbon Corporation, Jacobi Carbons AB, MeadWestvaco Corporation, Carbon Activated Corporation, Clarinex Group, Cabot Corporation, Carbon Resources LLC and Kuraray Co. Ltd among others.
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