Activated Carbon Market Growth and Future Outlook Report, 2014 to 2020
Global activated carbon market is expected to experience considerable growth over the forecast period owing to increasing application in major end-use industries including pharmaceuticals, water treatment, and food & beverages processing.
(firmenpresse) - Global activated carbon market size is likely to be valued at USD 5.3 billion by 2020; as per a new research report by HexaResearch. Increase in commercial & residential waste water treatment demand owing to escalation in water prices is anticipated to drive the growth. Growth in air filtration demand owing to rapid industrialization n countries such as China, Russia, India, Brazil and Mexico is likely to positively influence overall growth.
Favorable regulations such as
Powdered activated carbon (PAC) dominated the product segment and accounted for over 56% of the total volume in 2013. Increasing application scope in cement industry, municipal treatment, groundwater remediation and beverage industry is likely to drive its growth. GAC (granular activated carbon) is anticipated to witness gains at an estimated CAGR of 11% from 2014 to 2020.
Key report insights suggest:
Global activated carbon market size was estimated 1.37 million tons in 2013 and may register 2.96 million tons by 2020 growing with an estimated CAGR of 11.7% from 2014 to 2020.
Liquid phase applications dominated demand and accounted for 55.3% of the share in 2013. Activated carbons are widely preferred in removing containments from ground water which helps in addressing consumer health concerns. Gas phase applications are likely to witness highest gains of 14.3% from 2014 to 2020.
Water treatment dominated end-use segment and accounted for 41.2% of the total volume in 2013. Air purification is anticipated to be the fastest growing end-use segment with expected gains of 13.8% from 2014 to 2020.
Asia Pacific dominated the regional market and accounted for 41.1% of the total volume in 2013 and is also likely witness highest gains of over 12% from 2014 to 2020. Presence of large scale manufacturing units in countries such as China and India are likely to drive regional demand. North America is anticipated to grow at an estimated CAGR of 11.4% from 2014 to 2020.
The global activated carbon market is consolidated with top three companies comprising over 70% of the share by revenue. Major companies include Calgon Carbon, Haycarb PLC, ADA-ES Inc., MeadWestvaco Corp, Cabot Corp, Siemens Water Technologies and Jacobi Carbons.
For the purpose of this study, HexaResearch has segmented the activated carbon market on the basis of product, application, end-use and region:
Global Activated Carbon Product Overview (Kilo Tons; Revenue, USD Million, 2012
Powdered Activated Carbon (PAC)
Granular Activated Carbon (GAC)
Others
Global Activated Carbon Product Overview (Kilo Tons; Revenue, USD Million, 2012
Liquid Phase
Gas Phase
Global Activated Carbon End-Use Overview (Kilo Tons; Revenue, USD Million, 2012
Water Treatment
Food & Beverage Processing
Pharmaceutical
Automotive
Air Purification
Others
Global Activated Carbon Regional Overview (Kilo Tons; Revenue, USD Million, 2012
North America
Europe
Asia Pacific
RoW
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Unternehmensinformation / Kurzprofil:
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
Hexa Research
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Datum: 31.05.2018 - 05:23 Uhr
Sprache: Deutsch
News-ID 1536675
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Typ of Press Release: Finanzinformation
type of sending: Veröffentlichung
Date of sending: 31.05.2018
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