Activated Carbon Market: Information Application(Water Purification, Air Purification, Food And Beverage, Industrial Chemicals, Metal Extraction, Pharmaceuticals, Automotive, Catalyst, and Others), By Type (Powdered Activated Carbon, Granular Activated Carbon, Extruded Activated Carbon, and Others), and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Forecast 2027

ID: VPR/CR/1113 Publishing Year: January 2022 Pages: 112 Format:   


Activated Carbon Market Overview:

Activated Carbon is a porous organic substance that has the ability to absorb all contaminants. Charcoal is the most common source of activated carbon. Activated coal is what they're called when they're made from coal. In a variety of applications, such as municipal drinking water, food and beverage processing, odour elimination, and industrial pollution management, activated carbon is used to clarify liquids and gases. Activated Carbon absorbs and exists organic compounds in vapour and liquid streams, removing them from the environment. Its potential for these compounds is limited, but it is very cost-effective for treating vast volumes of air or water to remove dilute contamination concentrations. Raw materials such as wood, peat, coconut shell charcoal, wood chips, petroleum pitch, phenolic resin, and viscose rayon are used to create unique shapes of the product. The benefit of using a significant amount of raw material during the production process results in a high carbon yield. Because of its ability to remove particulate and dissolved pollutants, activated carbon is widely utilised in water and sewage treatment. It also removes chlorine from water and decreases some organic pollutants. It is used to clean the air and remove hazardous gases, odours, and harmful dust particles in greenhouses and manufacturing plants. Other industries where the product is used include food and beverage processing, pharmaceutical and medical, and automotive.

Key Players:

Key players operating in the Global Activated Carbon Market include Cabot Corporation, Osaka Gas Chemicals Co., Ltd, Kuraray Co., Ltd, Haycarb (Pvt) Ltd, Kureha Corporation, Donau Carbon GmbH, DESOTEC Activated Carbon, Oxbow Activated Carbon, SilcarbonAktivkohle GmbH, KarbonousInc, and Lenntech BV.

Market Drivers:

The increasing demand for Activated Carbon (AC) is expected to increase as mercury control technology for industrial air purification applications becomes more popular. Many production facilities in the United States and Europe, including coal-fired power plants, clinker cement plants, and other facilities with large industrial boilers, will be required to meet stringent new mercury and other hazardous air pollutants emissions standards over the next several years, as set by the United States Environmental Protection Agency (EPA).

Restraints:

Due to the high demand for Activated Carbon, raw materials such as coconut shell charcoal, which are utilised in the production of Activated Carbon, are in limited supply. As a result, the cost of raw materials, particularly coconut shell charcoal, has risen. The cost of coal-based activated carbons has risen as a result of rising energy demands, particularly in China, where coal demand for its manufacturing industry, which includes power, iron and steel, and cement facilities, has been steadily increasing. This has resulted in a scarcity of acceptable coal grades for the production of Activated Carbon. The basic raw material for activated carbon in Asia Pacific is activated charcoal, which is produced in countries such as Sri Lanka, India, Indonesia, and the Philippines. However, the loss in coconut production has had an impact on the operational efficacy of Activated Carbon producers, resulting in a 50-60% reduction in production capacity. As a result, Activated Carbon prices have risen.

Market Segmentation:

Product type, end-use, application, and region can all be used to segment the market. The market can be classified into powdered activated carbon, granular activated carbon, and other Activated Carbon based on product type. Water treatment, food and beverage processing, pharmaceutical and medical, automotive, air purification, and other end-use segments are included in the end-use segmentation. Liquid phase and gaseous phase classifications are done based on application. The need for powdered activated carbon is always increasing due to industrial air cleaning and mercury removal guidelines. North America, Europe, Asia-Pacific, and Latin America and the Caribbean (LAMEA) are the four regions that make up the market. Furthermore, North America is divided into the United States, Mexico, and Canada, while Europe is divided into the United Kingdom, Russia, Germany, Italy, France, and the rest of Europe. China, India, Japan, South Korea, Taiwan, and the rest of Asia-Pacific are the countries covered by Asia-Pacific. Latin America, the Middle East, and Africa (LAMEA) are the three continents that make up LAMEA.

Regional Analysis:

Due to the fast expansion of the Asia Pacific area over the projection period, all regions outside Asia Pacific are expected to see a fall in market share. In the next six years, economies such as China, India, and Japan are likely to lead the region. Coconut shells are one of the most well-known and commonly utilised raw materials for activated charcoal production. Several Asian countries, such as the Philippines, Indonesia, Malaysia, India, and Sri Lanka, offer ideal tropical conditions for consistent coconut farming, making Asia Pacific one of the world's most important raw material supplies.

After Asia Pacific, North America is the second largest market. Because of the saturation of end-use sectors and the dismal economic situation, developed regions such as North America and Europe are expected to grow at a slow pace. Over the projected period, the market is likely to benefit from rising environmental concerns, stringent rules and standards, as well as government initiatives to protect the environment. As a result, applications such as water treatment, air purification, and mercury absorption are predicted to increase rapidly.

Covid-19 Impact:

The supply scenario is experiencing some challenges as a result of travel restrictions and city lockdowns; nevertheless, the sourcing teams are working closely with suppliers to control the supply of raw materials in a proactive manner. Companies are keeping a careful eye on the scope and duration of any local requirements that affect their physical sites. The mining industry was also hit hard by the onset of COVID-19, which came as a result of an unparalleled global social and economic catastrophe. According to the Intergovernmental Forum on Mining, Minerals, and Metals, the COVID-19 outbreak cost 305 million full-time workers their jobs.

Type Here for table of content.


PURCHASE OPTIONS




    ADD TO CART

CONTACT US
CALL US ON
( +91-935-919-4956 )

CONTACT EMAIL
[email protected]
PURCHASE OPTIONS




    ADD TO CART

CONTACT US
CALL US ON
( +91-935-919-4956 )

CONTACT EMAIL
[email protected]