Activated Carbon Market is expected to expand at a CAGR of 8.64% during the forecast period (2019–2025)
Activated Carbon Market is marking growth over mercury control, nitrous oxide spread and innovative products with a CAGR of 8.64% through 2019-2025.
The diverse product portfolios, strategically positioned R&D centres, and adoption of technological advancements altogether strengthens the market positions of major companies in the global activated carbon market through 2025.
Strong demand for controlling vehicle residual follows up the growing adoption of activated carbon in automotive air filters and carbon canisters and significantly contributes to the market growth.
In spite of presence of promising raw material such as coconut shell charcoal for production of activated carbon and other renewable carbonaceous products. Raw material shortage remains a key concern for players in the activated carbon market.
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Collaborative projects, innovative product portfolio is observed among key market players
The recent research consortium of Sodra, Jacobi Carbons and Innventia, to establish the commercial and environmental sustainability of the manufacture of activated carbon from lignin continues to positively impact the activated carbon market growth.
Activated carbon product offerings by key vendors such as distilling of water from infection byproducts, endocrine disrupting compounds, dissolved organic materials and products offering decontamination of industrial and food processing streams from pesticides, herbicides and medications are among the influencing market driving products.
Key players of activated carbon market include Cabot Corporation, Calgon Carbon Corporation, Jacobi Carbons Inc. Ingevity, Kuraray Co. Ltd, Haycarb PLC, Donau Carbon GmbH, SilcarbonAktivkohle GmbH, Prominent Systems Inc., and Oxbow Activated Carbon LLC.
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Mercury control continues to showcase protracted activated carbon market growth
The ongoing environment regulations over rising threats of toxic residual gases from industries, gas plants and mining facilities continue to untap market opportunity in the deliverance of mercury free air.
In early 2019, Jacobi Carbons developed innovative technology for efficient removal of NOx from street air using special activated carbon materials from renewable resources.
Activated carbon products for the removal of mercury by Calgon Carbon Corporation are largely consuming the market share across LPG and LNG plants.
In addition, the development of activated carbon fibers that adsorb bacteria is among the impending market trend.
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Recycling of activated carbon depicts stronger market value
In april 2019, Desotec expands recycling facilities for industrial purification with $19.5 millions to offer recycled activated carbon waste streams across Belgium.
Carbon reactivation services or decomposition of used activated carbon involves regeneration of activated carbon that contributes to a lower CO2 footprint equivalent to the emissions of approximately 80,000 cars on a yearly basis.
Powdered and Granular activated carbon market segments are targeting price hike range between 10-15%
In early 2019, Jacobi Carbons has announced price increase portfolio of regulated products such as anthracite and bituminous coal-based activated carbons in pelletised, granular and powdered forms.
In addition, Calgon Carbon Corporation also announced global price hike, effective from February 2019, on all activated carbon products and related equipment due to a continued escalation in raw material costs, operating manufacturing facilities and transportation expenses.
Stringent regulations also favour both the powdered and granular activated carbon markets; as such non-toxic granular activated carbon being safer alternative to chloramines is widely used for water purification.
Regional activated carbon market value synopsis
Activated Carbon market is witnessing dynamic growth across the APAC region with larger sale of these products from China and India, in particular for the treatment of water is driving the market growth.
With rapid industrialization in countries such as China, India, South Korea, and Taiwan, an increased number of end-users are expected to adopt activated carbons.
However, Americas and EU are also in compete with the market growth owing to growing environmental concerns, increasing activated fibre production patents, as well as government initiatives and stringent regulations to safeguard the environment are expected to increase the activated carbon market value.
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