Global Activated Carbon Market size is projected to be valued $10 Billion by 2024; with a CAGR of 9.1% from 2017 to 2025. Activated carbon is produced from source of carbonaceous materials like nutshells, wood, coconuts, coal, and lignite. They are a type of carbon processed to have small and fewer amounts of volume pores that increase the surface area offered for adsorption or else chemical reactions. Activated carbon is typically derived from charcoal and is occasionally utilized as biochar. Those derived from coke and coal are widely used in decaffeination, water purification, air purification, gold purification, and other applications.
The major factors to drive the activated carbon market include increasing need of water treatment plants due to water scarcity and pollutions, increasing industrialization and urbanization in activated carbon sector, high demand in cosmetic industry, and stringent government regulations focusing to keep environment healthy in terms of safe water and air for living beings. However, high price of raw materials is expected to be a major hindrance for the market growth. Besides, rising per capita income, high pollution level, new product developments and launches are expected to equally influence the overall growth of the market in the forecast period.
The global activated carbon market is mainly classified on the basis of product type, application, end-use and geography. The classification by product type includes powdered activated carbon, granular activated carbon and others. On the basis of application, the market is categorized as liquid phase and gaseous phase. By end-use the segmentation includes water treatment, pharmaceutical & medical, automotive, food & beverage processing, air purification, personal care & cosmetics and others Furthermore, by geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Based on geographical analysis, activated carbon market is segmented into North America, Europe, Asia-Pacific, Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe consist of UK, Russia, Germany, Italy, France, and Rest of Europe. Asia-Pacific is segmented into China, India, Japan, South Korea, Taiwan, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
The key players operating in the market are ADA-ES, INC., Calgon Carbon Corporation, Kureha Corporation, Carbon Resources LLC, Jacobi Carbons AB, Siemens Water Technologies Corp., Carbo Tech AC GmbH, Cabot Corporation, Carbon Activated Corp., and CLARINEX Group, among others.
The report covers
Scope of the Global Activated Carbon Market
Product Type Segments