NEW YORK, June 4, 2020 /PRNewswire/ -- The Activated Carbon market is projected to reach USD 19.28 billion by 2027, according to a new report by Reports and Data. The market is expected to be powered by an increased prevalence of infectious pathogens, as well as increasing pollution levels in urban areas. Many of the variables projected to drive change are also improved working standards, increased disposable earnings, and enhanced health literacy. The increasing need for air and water pollution control equipment to be introduced is expected to raise the demand for air purifiers to kill airborne diseases and water treatment plants for the rise in demand for clean drinking water, especially in emerging regions. Growing understanding of health expects to make a significant contribution to growth, particularly among urban youth.
Strict environmental conservation regulations, increasing globalization, and awareness of emissions management expect to have a positive effect on U.S. market development over the forecast period. The Environmental Protection Authority (EPA) has set Maximum Achievable Control Technology (MACT) requirements enabling producers to meet different pollution levels based on emissions standards already achieved with the best result from similar facilities.
In the Asia-Pacific region, mercury emissions are rising, mainly due to growing power generation in emerging economies such as China and India. Coal is the crucial source of electricity in these countries, and in turn, needs activated carbon fuels to reduce mercury emissions. Also, the increasing environmental restrictions have raised the demand for activated carbon in the region due to increased emissions from the automobile sector and also due to a rise in industrial water treatment requirements.
The coronavirus outbreak has created a major fright and concern with respect to the contagious diseases. As a preventive preparation, more and more common individuals and commercial sectors are incorporating technologies that can potentially mitigate the spread of the virus outbreak or execute entirely. Many consumer electronics & appliances corporations are heavily investing in their R&D and looking into ways to find electronics products that can kill the harmful bacteria and viruses in the airflow designed for both the household and commercial purposes. Many companies have already come up with product line-ups that claim to kill or remove the COVID-19.
There is also a very high demand for the N95 masks, which contain activated carbon to prevent the inhalation of the COVID-19 virus. This demand of the maks has also caused a directly proportional increase in demand for activated carbons.
The market is being propelled by the increasing demand for water and air purification, mercury removal factories, and industrialization
An air purifier from the company Blueair can prevent some airborne diseases by trapping and removing the flu viruses from the air. On account of the COVID-19 pandemic air purifiers that can palliate severe airborne contagions are expected to meet a substantial demand from the consumers, and many more product-based or consumer electronics companies would start investing in the R&D to invent newer technological breakthroughs.
Rising development and industrialization of government subsidies also propel the activated carbon market.
The growing competition in mercury control technology for industrial air purification applications is one of the main drivers for the market. Companies are embracing global development and advanced product manufacturing as their fundamental approach to competitiveness.
In recent years, all of the major market players have invested heavily in R&D initiatives, leading to the invention of several innovative products. Major players aim to enhance their product portfolio by strategic mergers and acquisitions of small and medium-scale companies. In the coming years, therefore, an intense rivalry among players is expected.
In October 2019, Boston-based Cabot Corporation introduced its newest addition to the company's line-up of specialty materials, the ATHLOS carbon nanostructures. The innovation facilitates an excellent balancing of electromagnetic interference that can equip end-users to use and manage new-age plastic products and applications sustainably.
In October 2017, CPL Carbon Link acquired GalaQuim Protección Medioambiente. The acquisition helps enhance CPL Carbon Link's position as an international supplier of activated carbon products.
Key participants include Donau Carbon GmbH; Activated Carbon Technologies; Calgon Carbon Corporation; Osaka Gas Chemicals Co. Ltd; Jacobi Carbons AB; Oxbow Activated Carbon; Kuraray Co., Ltd; Lenntech B.V.; Haycarb PLC; and Desotec Activated Carbon., among others.
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.