The global activated carbon market size is expected to reach USD 14.66 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 17.5% during the forecast period. Rising consumption of water and air purification in clinker cement industries and coal fired plants is anticipated to drive the demand for powdered and granular form of activated carbon.
Activated carbon has high porous structure and adsorption capacity, hence it is highly consumed in water and air purification process among numerous end-use industries. Applications in removal of toxic gases, acids, metallic particles, and mercury from coal and oil powered plants are expected to fuel the growth of the market. Changing lifestyle and increasing health awareness is expected to further drive the market in the forthcoming years.
In water treatment applications, it is consumed in municipal water treatment, domestic water purification and groundwater remediation. Pharmaceutical industry uses activated carbon as an antidote to poison caused by toxins ingestion. Applications into food and beverage industry includes removal of unwanted odor and color from the consumable products. Increasing environmental pollution due to vehicular emission and industrial gases is projected to drive the demand from air purification segment.
Various regulating authorities have made stringent regulations for environmental pollution control and have promoted activated carbon in water and air treatment plants, which in turn is estimated to propel the activated carbon market over the forecasted period. The European commission regulates water pollution and industrial wastewater discharge. The U.S. Environmental Protection Agency (EPA) governing mercury emission from coal power plants has recommended use of the product for removing chemical impurities. Implementation of these regulations is expected drive the product consumption over the forecasted period.
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www.grandviewresearch.com/industry-analysis/activated-carbon-market
Further key findings from the report suggest:
Grand View Research has segmented the global activated carbon market on the basis of product, application, end use, and region:
Activated Carbon Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Activated Carbon Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
Activated Carbon End Use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)