Dublin, January 19, 2023 (GLOBE NEWSWIRE). “Activated Carbon Market – Global Industry Size, Share, Trends, Opportunities and Forecast, 2018-2028, Segmented by Type (Powder, Granular, Other), Raw Material (Wood, Coconut Shell, Coal, Other) by Application, by areas and competitors” report added to ResearchAndMarkets.com offer.
The activated carbon market is expected to grow significantly until 2028 due to growing demand from the water and wastewater treatment sector. In 2021, the North American water and wastewater treatment market was worth US$109.5 billion.
Activated carbon is also used in the automotive, food and beverage, metal recovery, and pharmaceutical industries. The increased use of adsorbents in the food, beverage and processing industries is expected to benefit the market. Activated charcoal provides several benefits, including the rapid elimination of unpleasant odors while maintaining color stability over a long period of time. Because of these benefits, activated carbon benefits the food and beverage sectors. This feature is expected to increase the market during the forecast period.
Growing demand for air purification
Most air filtration or purification methods use activated carbon. Air pollution is on the rise due to industrialization and the expansion of coal-fired power plants. The World Health Organization (WHO) estimates that 4.2 million people worldwide die each year from air pollution. The National Ambient Air Quality Standard (NAAQS) for particulate matter such as PM10 and PM2.5 is reported to be exceeded across India, especially in the urban areas of the Indo-Gangetic Plain, according to the National Air Quality Monitoring Program (NAMP) of India. Other pollutants, including SO2, NO2 and ozone (O3), often do not meet national criteria.
The demand for air filtration systems is on the rise due to the strict regulations enforced by various governments around the world. Under the Clean Air Act, the US Environmental Protection Agency (EPA) has set limits on harmful emissions, including mercury emissions. This has led to an increase in the need for activated carbon air purification. These factors will drive the market over the forecast period.
High demand for water treatment
Activated carbon is used to treat industrial and municipal wastewater. Activated carbon in granular form is used as a filter in wastewater treatment plants to help remove pollutants such as non-biodegradable organic compounds, absorbable organic halogens, non-ferrous compounds, dyes, pesticides and various chemicals. In addition, activated charcoal helps remove odor from biological activity that produces hydrogen sulfide (H2S), ammonia (NH3), volatile organic compounds, etc. In addition, Carbon Activated Corp. offers industrial solutions; in Europe the company offers VOC/siloxane removal systems for biogas engines. In March 2021, China released new wastewater reuse guidelines that would increase the proportion of wastewater to be treated according to reuse standards to 25% by 2025 in their 14th Five-Year Plan. Therefore, considering these factors, the demand for activated carbon increases in the forecast period.
Granular will remain a key type
Granular activated carbon (GAC) is suitable for removing contaminants from liquids and air, and also because it offers a greater gas surface area per unit volume and contains comparatively larger particles than powdered activated carbon. GAC is used to remove contaminants, odors and colors from sweeteners, syrups, drinks, amino acids and organic acids in the food and beverage sector. It is also used to treat wastewater from oil, industrial pollutants, heavy metals and pesticides. In addition, easy regeneration and reusability will lead to market growth in the coming years.
- In March 2022, One Equity Partners acquired the activated carbon business from Cabot Corporation.
- By approving the management of the Miyagi Water and Wastewater concession project, Veolia increased the growth of its water business in Japan in July 2021.
- In June 2021, under the name HF20V VOCSorber, CPL Activated Carbons introduced its largest high capacity mobile carbon filter.
- According to General Carbon Corporation, a new activated carbon plant will be built in the US in February 2020.
Activated Carbon Market By Type:
Activated carbon market by raw material:
- coconut shell
Activated Carbon Market by Application:
- Water and wastewater treatment
- air filtration
Activated Carbon Market by Regions:
- North America
- United States
- United Kingdom
- Asian-Pacific area
- South Korea
- South America
- Middle East and Africa
- South Africa
- Saudi Arabia
Main topics covered:
1. Product overview
2. Research methodology
4. Voice of the customer
5. Prospects for the global activated carbon market
6. Overview of the activated carbon market in North America
7. Overview of the European activated carbon market
8. Overview of the activated carbon market in the Asia-Pacific region
9. Overview of the activated carbon market in South America
10. Overview of the activated carbon market in the Middle East and Africa
11. Market dynamics
12. Market trends and events
13. Global Activated Carbon Market: SWOT Analysis
14. Porter’s Five Forces Analysis
15. Competitive environment
16. Policy recommendations
- Karbotec AS GmbH
- Activated Carbon Corporation
- Advanced Emissions Solutions, Inc.
- CPL activated carbon
- Indo German Carbons Limited
- MICBAC India
- Kalpaka Chemicals Private Limited
- Activated Carbon Technology Pty Ltd
- Hangzhou Nature Technology Co.Ltd
- Hycarb PLC
For more information about this report, visit https://www.researchandmarkets.com/r/l6b9g
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