Activated Carbon Market Size set to Cross $4.9 Billion by 2021: TechSci Research Report
NEW YORK, June 2, 2016 /PRNewswire/ --
Increasing Government Regulations on Pollution Control Along With Rising use of Activated Carbon in Desalination Plants to Drive Demand for Activated Carbon Through 2021
According to TechSci Research report, "Global Activated Carbon Market By Type, By Raw Material, By Application, Competition Forecast and Opportunities, 2021'’, global activated carbon market is forecast to record $ 4.9 Billion market revenues by 2021. Increasing emphasis on consumption of clean drinking water and reducing industrial air emissions is boosting demand for activated carbon. Activated carbon is used in various applications such as water treatment, food and beverages processing, industrial water and wastewater treatment, odor removal, industrial pollution control and as point of use filters in the residential sector. Some of the leading activated carbon manufacturers include Calgon Carbon, Cabot Corp, Osaka Gas, Kuraray Co., CarboTech AC, ADA Carbon and Evoqua.
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Browse 22 market data Tables and 99 Figures spread through 207 Pages and an in-depth TOC on
"Global Activated Carbon Market"
During 2010-2014, global water purifiers market grew at a CAGR of around 10.7% which has been augmenting demand for activated carbon for water purification over the last few years, and a similar trend is expected to continue during the forecast period as well. As of 2015, global activated carbon market was dominated by powdered activated carbon segment, followed by granulated activated carbon. On account of its ability to eliminate micro pollutants present in waste water and cost-effectiveness compared to granular activated carbon, powdered activated carbon segment is expected to dominate the global activated market through the forecast period. Demand for powdered activated carbon is forecast to grow due to increasing number of desalination plants for supplying clean water, coupled with implementation of stringent regulations to control air pollution.
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"With implementation of various regulations such as Mercury & Air Toxics Standards, Minamata Convention, EPA Disinfectants and Disinfection By-products Rule, global air purification and water purification market is undergoing major transformations, leading to increasing use of activated carbon in waste water treatment, industrial and automotive exhaust emission control, food and beverage processing, industrial processes, etc. Also, major global activated carbon manufacturers are undergoing capacity expansions and are also increasing their focus on M&As in order to capitalize on the increasing demand for activated carbon from various end-user segments. On account of these factors, the global activated carbon market is expected to witness a healthy growth over the next five years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Activated Carbon Market By Type, By Raw Material, By Application, Competition Forecast and Opportunities, 2021" has evaluated the future growth potential of activated carbon market and provides statistics and information on market size, market share and growth forecasts. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in activated carbon market.
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