Global Activated carbon market Analysis, Trends, Future growth & Forecast

" This report represents an in-depth analysis of the global activated carbons market by type, application, feedstock material, and region. the global demand for activated carbon is likely to grow at a CAGR. "


Global Activated carbon market Analysis, Trends, Future growth & Forecast

Summary

The global demand for activated carbon is likely to grow at a CAGR of REDACTED during the forecast period in terms of value. Worldwide demand for activated carbon is increasing, and future growth prospects for the market look quite attractive.

increasing manufacturing activity in several industrializing nations will also lead to increased demand for activated carbon. The rapid growth in the chemical and pharmaceutical industries will lead to increased demand for activated carbon to purify feed water and other components which is essential in the manufacturing process. Moreover, the implementation of stricter standards for motor vehicle emissions in both developed and developing nations will also support demand for activated carbon, as these regions are increasingly implementing stricter standards for motor vehicle emissions, leading to demand large activated carbon-based emissions canisters.

Thus, regulatory actions are the key driver for activated carbon, particularly in industrialized nations. For instance, in the U.S., the demand for activated carbon in mercury removal applications is likely to witness prodigious demand due to the enactment of the U.S. Environmental Protection Agency Mercury and Air Toxics Standards. In coal-fired power plants, solid waste incinerators, industrial boilers and cement plants, the activated carbon injection is a primary technology used for mercury removal in the U.S. 
Other developed regions, such as the European Union and Canada, also have mercury emissions standards, but these regulations are not as strict and stringent as those in the U.S. Activated carbon is
also witnessing increased demand from disinfection byproduct (DBP) in drinking water.

Highlights of Report 
  • Strict regulatory standards in the two largest markets, the U.S. and China, will drive the growth of the market.
  • In China and other developing countries such as India, the water, and air pollution caused by rapid industrialization will lead to stepped-up enforcement and stronger standards to battle air and water pollution.
  • Asia-Pacific region accounted for a major share in the global activated carbon market in 2017, followed by North America and Europe. 
  •  government initiatives in these regions are further likely to boost the demand for activated carbon.
  • the growth of activated carbon will be promoted by rising output from key manufacturing industries and a combination of regulatory changes.
  • Activated carbon is effectively used in removing pollutants such as sulfur dioxide and nitrogen oxides, which are the two most heavily regulated air pollutants. In the developing regions, mercury removal applications are likely to witness higher growth owing to higher concern towards mercury removal from industrial sources.

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