The global activated carbon market is projected to grow at a CAGR 8.74% rate during the forecast period. Stringent Government Regulations for Emission Control, Mercury Control from Power Plants, High Demand for Clean Drinking Water, and Industrial Growth in Asia Pacific especially in ASEAN Countries propel the growth of the market globally.

Powdered activated carbon was the fastest-growing segment in the market. Demand for powdered activated carbon in industrial applications such as pharmaceutical industry for decolorization, deodorization operations is expected to drive its demand during forecast period. The industrial growth in emerging clusters across the globe such ASEAN countries, North African Countries, and Central & Eastern European countries is expected to drive the demand for activated carbon.

Gas Phase Applications is the fastest growing application segment in the market. Use of activated carbon for air purification applications, mercury removal, hydrogen sulfide removal, chlorine removal is driving the global market. Moreover, the growing use of hybrid and electronic cars is also likely to drive the demand in the automotive application of the market.

The Asia-Pacific region led the global activated carbon market. China is the largest market for activated carbon in the Asia-Pacific region, and accounted for a major share of the market. However, the increasing demand for activated carbon in India, Indonesia, and South Korea also expected to drive the market in the region. The ease of availability of raw material, and increasing development strategies to meet the demand for activated carbon in the established and emerging applications, are the key growth drivers for activated carbon in this region.

Key market players include Calgon Carbon Corporation (U.S), Osaka Gas Co. Ltd (Japan), Cabot Corporation (U.S), and Haycarb Plc(Sri Lanka), Kuraray Chemical Co. Ltd( Japan), KUREHA CORPORATION(Japan), Donau Carbon GmbH(Germany), Silcarbon Aktivkohle GmbH(Germany), Oxbow Activated Carbon LLC(U.S).

Key questions which the report answers

 

• What are new application areas which the activated carbon companies are exploring?

 

• Which are the key players in the market and how intense is the competition?

Segmentation