Request Sample Pages https://bit.ly/3xcih2FThe global is estimated to be USD 5.7 billion in 2021 and is projected to reach USD 8.9 billion by 20...Request Sample Pages https://bit.ly/3xcih2F
The global is estimated to be USD 5.7 billion in 2021 and is projected to reach USD 8.9 billion by 2026, at a CAGR of 9.3% from 2021 to 2026.
The driving factors for Activated Carbon Market is its applications in water treatment and air purification along with stringent government regulations regarding removal of mercury from power plants have led to increasing acceptance of activated carbon products.
+ Driver: Growing use of activated carbon to control pollution
The demand for activated carbon is forecasted to grow because of increasing need for mercury control technology for various industrial air purification applications.
+ Restraint: Scarcity of raw materials causing price hikes of activated carbon
There is a dependency on coconut shells as raw material which is a constraint for activated carbon producers. value chain of activated carbon is hampered by natural calamities which can reduce or damage production of raw materials.
+ Opportunity: Reactivated carbon to bring lucrative opportunities for activated carbon producers
Strict regulations regarding maintenance of air quality and increasing number of municipal and industrial wastewater treatment plants have led to high demand for activated carbon.
+ Challenge: Low industrial growth due to weak economic conditions
Industrial growth is impacted by weak economic condition across globe. Activated carbon is majorly used in various industries such as chemical, petrochemical, food & beverages, pharmaceutical, mining, and automotive industries and water treatment amongst others.
+ #Gas phase application segment is largest application of #activatedcarbon during forecast period.
Activated carbon is used to adsorb harmful gases, airborne dust, pollutants, and odors in gas phase applications. It is used for automobiles as well as industrial gases.
+ “Granular type of activated carbon to be second largest segment during forecast period”
The particles of granular activated carbon (GAC) are larger in size compared powder activated carbon (PAC) which results in larger surface area per unit volume. Granular activated carbon is used for absorption of gases due to its ability of faster diffusion.
+ North America is second largest market for activated carbon”
North America is second-largest market for activated carbon globally, in terms of value.
+ In October 2018, Osaka Gas USA collaborated on a project for Activated Carbon Fibers (ACF) Air Purification Unit in Republic of Indonesia. The project aimed to reduce roadside air pollutants, nitrogen oxide (NOx), by using an air purification system with activated carbon fiber (ACF) in Indonesia.
+ In September 2016, Cabot Corporation launched activated carbon product under brand DARCO H2S HF for odor control applications and hydrogen sulfide removal.