Global Activated Carbon Market is Estimated to Reach $11 Billion by 2025, Says Accurize Market Research
Global activated carbon market report published by Accurize Market Research forecast that the global market is expected to reach $11 billion by 2025; growing at a CAGR of 9.1% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Increasing need of water treatment plants across the globe to drive the growth of the market
Increasing need of water treatment plants due to water scarcity and pollutions as well as increasing urbanization & industrialization in activated carbon sector fuel the demand for the global activated carbon market. Moreover, stringent government regulations focusing to keep environment healthy in terms of safe water and air for living beings also boosts the growth of the market.
The global activated carbon market has been bifurcated on the basis of product type, application, end-use and geography. The product type segment includes powdered activated carbon, granular activated carbon and others.Application segment is categorized as liquid phase and gaseous phase. Further, end-use segment includes water treatment, pharmaceutical & medical, automotive, food & beverage processing, air purification, personal care & cosmetics and others
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
“Powdered activated carbon accounted for the largest market share in the product type segment", says Accurize
By product type segment,powdered activated carbon accounted for the largest market share in 2017, and expected to continue its dominance during the forecast period 2017 – 2025 owing to mercury removal standards, and industrial air purification.
Liquid phase accounted for the largest market share in 2017, and is expected to continue its dominance during the forecast period 2017 – 2025, in the application segment.Water treatment accounted for the largest market share in 2017 and is expected to continue its dominance during the forecast period 2017 – 2025, in end use segment, owing to increasing water pollution and water scarcity.
“Asia-Pacific dominated the global market with the highest market share over the forecast period", says Accurize
In 2017, Asia-Pacific holds the major share in the market with 40% in 2017, and is expected to continue the trend during the forecasted period, 2017 – 2025, owing to, increasing government subsidies and industrialization, and growing investments in water purification plants in the region.
Top players in the market
The key market players include Cabot Corporation, ADA-ES, INC., Calgon Carbon Corporation, Kureha Corporation, Carbon Resources LLC, Jacobi Carbons AB, Carbo Tech AC GmbH, Carbon Activated Corp., Siemens Water Technologies Corp., and CLARINEX Group, among others.
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