Download PDF Brochure - https://bit.ly/3kCWonaThe global activated carbon market is estimated to be USD 5.7 billion in 2021 and is projected to ...Download PDF Brochure - https://bit.ly/3kCWona
The global activated carbon market 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 the activated carbon market is its applications in water treatment and air purification along with stringent government regulations regarding the removal of mercury from power plants have led to increasing acceptance of activated carbon products.
+ Driver: Growing need for pollution control generating demand for activated carbon
The demand for activated carbon is anticipated to increase due to the growing need for mercury control technology for industrial air purification applications.
+ Restraint: Scarcity of raw materials causing price hikes of activated carbon
Activated carbon producers in Asia Pacific increasingly depend on coconut shells as raw material. Natural calamities are significantly affecting the value chain of the activated carbon market, especially raw materials.
+ Opportunity: Reactivated carbon to provide lucrative opportunities to activated carbon producers
The demand for activated carbon has increased tremendously owing to strict regulations regarding the maintenance of air quality and due to the increasing number of municipal and industrial wastewater treatment plants.
+ Challenge: Weak economic conditions to lower industrial growth
Weak economic conditions across the globe, have directly impacted industrial growth to some extent. Activated carbon finds prominent use in chemical, petrochemical, food & beverages, pharmaceutical, mining, and automotive industries for air purification, water treatment, decolorization of chemical products, solvent purification, odor removal, and so on.
+ In October 2018, Osaka Gas Co., Ltd. collaborated on a project for Activated Carbon Fibers (ACF) Air Purification Unit in the 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 the brand DARCO H2S HF for odor control applications and hydrogen sulfide removal.