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Activated Charcoal Market Size is slated to reach USD 4.09 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period
Activated Carbon Market Overview
Mounting concerns surrounding the steadily climbing mercury pollution levels across the globe is set to emerge as the primary growth driver for thisActivated Carbon Marketin the coming years. Mercury emissions from anthropogenic sources have risen at an exponential rate since the industrial revolution. According to the United Nations Environment Program (UNEP), artisanal and small scalegold mining is responsible for almost 38% of the global mercury emissions, followed by stationary combustion of coal at 21%. The element is highly toxic for humans and the environment, causing irreparable damage to both.
However, it can be removed from liquid and gas streams through adsorption processes enabled by activated carbon. This material works as a highly efficient carrier for impregnate that react with mercury and contain it within the adsorbent particles. Thus, proven efficacy of activated carbon adsorption in mercury removal operations is likely to fuel the Activated Charcoal Market growth in the foreseeable future.
The GlobalActivated Carbon MarketSizeis slated to reachUSD 4.09 billionby 2026, exhibiting aCAGR of 5.2%during the forecast period. Fortune Business Insights™, in its new report, titled”Activated Charcoal Market Size, Share and Industry Analysis, By Form (Powdered, Granular, and Others), By Application (Water Treatment, Air and Gas Purification, Food and Beverage, Others),and Regional Forecast, 2019-2026“,states that the value of the market stood atUSD 2.73 billionin 2018.
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The report additionally provides answers to the following questions:
Activated Carbon Market Driver:
Worsening Water Pollution Worldwide to Fuel the Uptake of Activated Carbon
One of the leading Activated Charcoal Market trends is the increasing demand for activated carbon around the globe owing to its effectivity in removing pollutants from contaminated water. Water pollution is a matter of grave concern for international and national bodies as lack of access to water has direct ramifications on the socio-economic fabric of a country. Rising industrial activities and expanding urban areas are aggravating the problem. The UNEP estimates that nearly 80% of wastewater in the world goes untreated.
Activated charcoal can prove useful in this scenario. For example, powdered activated carbon is capable of removing an extensive variety of organic pollutants from wastewater due to its larger surface area to volume ratio. Thus, the water can be recycled and reused in industries, avoiding the need to release it into freshwater bodies. Taking into consideration the multiple environmental benefits of activated carbon, its market is poised to experience a period of robust growth and expansion during the forecast period.
List of Top Players Covered in theActivated Carbon Market Report Include:
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Rising Demand for Wastewater Treatment to Drive the Market inAsia-Pacific
Asia-Pacificis anticipated to lead the Activated Charcoal Market share in the forecast period on account of the escalating demand for new technologies for treatment of wastewater inIndiaandChina. Moreover, rapid growth in population in these countries would necessitate the need for potable water, which is expected to spike the demand for activated carbon filters in the region.
North Americaboasted of a market size ofUSD 709.7 millionin 2018and is expected to continue its impressive run owing to the stringent industrial emission legislations being implemented in the US. Similar nature of environmental laws will propel the market inEurope, while increasing focus on water purification will boost the market inLatin America, according to the Activated Charcoal Market analysis.
Portfolio Diversification to Aid Players Strengthen Their Market Position
The activated charcoal market competition is getting charged up as key players in this market launch innovative solutions for their customers. Diversified offerings would enable these companies to entrench their position in the market as well as expand globally, the Activated Charcoal Market report states.
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