Demand for purifier activated carbon on an upswing, says report
By Ground Water Canada
By Ground Water Canada
London, U.K. – Global demand for activated carbon, a technology that adsorbs impurities from liquids and gases and is used in air and water purification, is on an upswing, says a study from research firm ReportBuyer.
Activated carbon’s ability to adsorb impurities from liquids and gases makes it suitable to be used on an extensive basis in several applications concerning air and water purification, the report says, adding that the future market for activated carbon is also likely to derive benefit from a continuous stream of openings from a number of industrial processes that employ adsorption technologies.
Regulations related to water and air pollution across the world have a major role to play in influencing demand for activated carbon. Several countries face depleting clean water resources due to growing population. Rising levels of contaminated ground water need purification and activated carbon offers a potent solution for overcoming this hurdle. The Disinfectants and Disinfection Byproducts Rule in the United States that puts a cap on the allowable concentration of chemicals in drinking water is also likely to drive growth for activated carbon.
The supply of raw material for activated carbon has been tight and producers have been compelled to increase prices of virgin activated carbon. This scenario has led to fuelling demand for reactivated carbon in various areas, such as refineries for reducing VOCs in gas phase applications, ground water remediation and wastewater treatment processes.
The report analyzes the key applications of Activated Carbon comprising Gas Phase applications and Liquid Phase applications while discussing the major end-use sector markets covering Air Purification, Automotive Canisters, Food & Beverages, Medical & Pharmaceutical, Water Treatment and Others. The global markets for these product types, application areas and end-use sectors are analyzed in terms of both in metric tons and U.S. dollars. Global market for activated carbon, estimated at $2.7 billion US in 2015, forecast at $3 billion US in 2016 and further expected to maintain a robust compound annual growth rate of 12.8 per cent between 2016 and 2022 to reach a projected $6.2 billion US by 2022.
This report reviews, analyzes and projects the activated carbon market for the period 2012-2022 globally and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World. Regional markets are further analyzed for North America, Europe (France, Germany, Italy, Spain, Russia and the United Kingdom), Asia-Pacific (China, India, Japan and South Korea) and South America (Argentina and Brazil).