Global Activated Carbon Market 2017-2022

16/nov/2017 11:23:49 Ceskaa Research Contatta l'autore

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activated carbon is expected to grow from $3.0 billion in 2016 to $3.2 billion in 2017 at a year-on-year growth rate of 8.7%. In addition, the market is expected to grow at a five-year CAGR of 7.8%, to reach nearly $4.7 billion in 2022.

The global market for activated carbon has been growing at a considerable rate with its applications in water treatment, air and gas filtration, food and beverage, pharmaceutical, and automotive end-user industries over the past five years. The market for activated carbon used in air and gas treatment applications is expected to grow at a faster rate due to tightening government regulations. The Asia-Pacific region dominates the activated carbon market globally followed by North America and Europe. The opportunities for regeneration of activated carbon are further driving the activated carbon market worldwide.

Activated carbon is the major adsorbent in the global adsorbent market due to its high adsorption capacity and large surface area. Activated carbon is mainly divided into three types - powdered, granular and extruded. It has become the preferred option for potable water purification, waste water treatment, aquariums, swimming pools and sewage water treatment, air, and gas filtration. These applications are gaining popularity due to increasing pollution levels, health concerns, and stringent government regulations. 

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Apart from this, activated carbon is used for decolorization and deodorization of food and beverages, purification of vitamins and antibiotics, and active pharmaceutical ingredients in pharmaceutical industry and other medical applications. Some of the other applications of activated carbon include control gas emissions in automobiles, personal protection in defense sector, gold and precious metal recovery and as catalysts in removal of mercaptan in oil refineries.

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