Global Activated Carbon Market to Reach 3.9 Million Tons by 2026

·7 min read

SAN FRANCISCO, June 25, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Activated Carbon - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Activated Carbon Market
Global Activated Carbon Market

FACTS AT A GLANCE
Edition: 20; Released: January 2021
Executive Engagements: 396
Companies: 62 - Players covered include Advanced Emissions Solutions, Inc.; Cabot Corporation; Carbon Activated Corp; Clarimex S.a. de C.V.; Evoqua Water Technologies LLC; Fujian Yuanli Active Carbon Co., Ltd; Haycarb Plc; Ingevity Corporation; Kuraray Co., Ltd.; Calgon Carbon Corporation; Chemviron Carbon; Osaka Gas Chemicals Co., Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Product Segment (Powdered, Granular, Other Product Segments); End-Use (Water Treatment, Air Purification, Food & Beverages, Automotive, Medical & Pharmaceuticals, Other End-Uses)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.

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ABSTRACT-

Global Activated Carbon Market to Reach 3.9 Million Tons by 2026
Activated carbon is an ubiquitous material finding usage in a myriad of applications ranging from water treatment, air purification, to food & beverage processing, medical & pharmaceuticals production and automotive emission canisters, among others. The material is a form of carbon obtained by activating any carbonaceous raw material through oxidation process for absorption of impurities in liquids and gases. Growth in the global market is being driven by stringent environmental regulations concerning water and air purification, increasing use of activated carbon in purging heavy metal residues in industrial pollutants, growing demand for clean potable water across the world, and the rapid industrial growth of Asia and other emerging markets. Growing population and the acute need for superior waste disposal management will generate demand for activated carbon in hazardous waste incineration and clinical waste incineration applications. The demand would also be led by scarcity of water and growing importance of water decontamination and sewage water treatment. Expanding applications in modern medicine and increasing production of sweeteners, beverages and edible oils is also expected to also drive growth in the upcoming years.

Amid the COVID-19 crisis, the global market for Activated Carbon estimated at 2.7 Million Tons in the year 2020, is projected to reach a revised size of 3.9 Million Tons by 2026, growing at a CAGR of 6.3% over the analysis period. Powdered, one of the segments analyzed in the report, is projected to grow at a 7.1% CAGR to reach 2.5 Million Tons by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Granular segment is readjusted to a revised 5.4% CAGR for the next 7-year period. This segment currently accounts for a 36.7% share of the global Activated Carbon market. The demand for activated carbon in powdered form comes from coal plants where it is used for the elimination of air contaminants, and from the growing need for decolonization and deodorization in chemical processes. Granulated activated carbon is widely used across a range of end-use industries, including water treatment and air and gas purification. The product finds widespread use in reverse osmosis water purification processes and is also predominantly used to eliminate organic carbons. Owing to its large particle size, granulated activated carbon is ideal for the elimination of impurities from air, gases and liquids.

The U.S. Market is Estimated at 449.4 Thousand Tons in 2021, While China is Forecast to Reach 1.6 Million Tons by 2026
The Activated Carbon market in the U.S. is estimated at 449.4 Thousand Tons in the year 2021. The country currently accounts for a 16.07% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of 1.6 Million Tons in the year 2026 trailing a CAGR of 7.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 4.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR while Rest of European market (as defined in the study) will reach 1.7 Million Tons by the end of the analysis period. Rising levels of pollution and increasing international pressure on governments to cap their pollution levels are all factors driving growth in the US as well as other regions. Growth in the US market has been supported by the stringent environmental MACT standards for removal of mercury at coal and oil based power plants and other industries in the region, and the implementation of the Disinfection Byproduct (DBP) Rule aimed at treating potable water. Strict government guidelines, standards and various initiatives have helped demand grow for activated charcoal in European countries. With dramatic population expansion, increased urbanization, robust pace of industrialization, infrastructure development and GDP growth, Asia-Pacific led by China continues to be a lucrative market for extensive application of activated carbon. Increased manufacturing activities particularly due to ready low cost feedstock, easy access to cheap work force and close proximity to end customers is particularly providing a major fillip to demand for activated carbon in the region.

By Application, Water Treatment Segment to Reach 1.5 Million Tons by 2026
Water treatment represents the largest end-user of activated carbon led by growing need for pure and safe drinking water treatment processes and recyclable water for manufacturing processes in a wide range of industries. The market is also witnessing the need to treat water increasing because of scarcity of water and rapid industrialization taking place in developing countries. In the global Water Treatment segment, USA, Canada, Japan, China and Europe will drive the 4.94% CAGR estimated for this segment. These regional markets accounting for a combined market size of 883.1 Thousand Tons in the year 2020 will reach a projected size of 1.3 Million Tons by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 161.9 Thousand Tons by the year 2026, while Latin America will expand at a 5.5% CAGR through the analysis period. More

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About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.

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