(PharmaNewsWire.Com, June 14, 2019 ) The report "Activated Carbon Market by Type (Powdered, Granular, Others (Pelletized, Bead)), Application (Liquid Phase (Water Treatment, Foods & Beverages, Pharmaceutical & Medical), Gaseous Phase (Industrial, Automotive)), Region - Global Forecast to 2021", published by MarketsandMarkets, the global market was valued at USD 4.74 Billion in 2015 and is projected to reach USD 8.12 Billion by 2021, at a CAGR of 9.4% from 2016 to 2021. The market size in terms of volume was 2,743.4 KT in 2015, and is projected to reach 3857.9 KT by 2021, at a CAGR of 8.4% from 2016 to 2021.
This growth is propelled by the stringent government regulations across the globe to mitigate emissions, mainly the removal of mercury and hydrogen sulfide, and for industrial wastewater treatment. The demand for activated carbon for industrial applications for decolorization and deodorization operations is expected to be high.
Powdered Activated Carbon: The largest activated carbon market, by type
The market for powdered activated carbon is the largest in the global Activated Carbon Market, followed by the market for granular activated carbon. The demand for powdered activated carbon is mainly fueled by the increasing applications of activated carbon in end-use industries such as, chemical, petrochemical, foods & beverages, and for decolorization and deodorization applications.
Liquid Phase Application: The largest application market for activated carbon
The liquid phase application is the largest application of activated carbon. Activated carbon is widely used in liquid phase applications such as, industrial water treatment and municipal water treatment, the chemical industry, pharmaceutical industry, and foods & beverages industry. Applications of activated carbon for decolorization, deodorization, and solvent recovery are expected to drive the demand for activated carbon during the forecast period.
Browse in-depth TOC on "Activated Carbon Market" 156 - Market Data Tables 47 - Figures 181 - Pages
Asia-Pacific: The largest market for activated carbon
The Asia-Pacific region was the largest market for activated carbon, in terms of value and volume, in 2015. Industrial growth in countries such as, India, Vietnam, Indonesia, and Thailand, increased investments in chemical, petrochemical, oil & gas, foods & beverages industries are the key factors driving the Asia-Pacific region market. The Calgon Carbon Corporation (U.S), Osaka Gas Co. Ltd (Japan), Cabot Corporation (U.S), Haycarb PLC (Sri Lanka), Kuraray Chemical Co. Ltd (Japan), KUREHA CORPORATION (Japan), Donau Carbon GmbH (Germany), Silcarbon Aktivkohle GmbH (Germany), and Oxbow Activated Carbon LLC (U.S) are the major activated carbon producers covered in the report.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including: