Activated Carbon Market to Grow at CAGR of 14.2% to 2020: Hexa Research
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwired) -- 08/17/15 -- is estimated to reach up to USD 5,200 million till 2020 globally. In 2012, powdered activated carbon dominated the market globally with contribution for over 53% of total volumes .According to the Research study by Hexa Research, This market is likely to boom in upcoming years with rising demand of mercury removal applications and drinking water treatment. Activated carbon market is majorly dominated by Asia Pacific region. Granular activated carbon industry is expected to surpass USD 1,900 million till 2020 with the growing CAGR of 14.2% from 2015 to 2020.In 2012 air purification and water treatment industries dominated entire market accounting for around 76% of activated carbon volumes.
By 2020, Air purification market for Activated Carbon is estimated to reach around USD 2,200 million with CAGR over 15% from 2015-2020. Market revenues are estimated to reach around USD 2,000 million by 2020 with growing CAGR at 14.2% from 2014 to 2020.Rapid industrialization growth is expected to drive Activated carbon market globally.
Activated carbon which is basically used for liquid, vapor and gas treatment, is also effective is removing chlorine to make water consumable.GAC market is likely to experience considerable growth in next six years. With increasing environmental concerns for reduction of emission of acid gases, mercury from coal plants is the main factor for growth of the market over forecast period. Few US environmental protection agencies have set the standards for air toxicity and mercury.
Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Ryan Shaw
Corporate Sales Specialist, USA
Hexa Research
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Datum: 17.08.2015 - 07:45 Uhr
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News-ID 1379500
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