Global Activated Carbon Market To Reach 3.9 Million Tons By 2026

FACTS AT A GLANCE
Editing: 20; Posted: January 2021
Management commitments: 396
Companies: 62 – Players covered include Advanced Emissions Solutions, Inc .; Cabot Corporation; Activated carbon company; Clarimex SA de CV; Evoqua Water Technologies LLC; Fujian Yuanli Active Carbon Co., Ltd; Haycarb Plc; Ingevity Corporation; Kuraray Co., Ltd .; Calgon Carbon Corporation; Chemviron carbon; Osaka Gas Chemicals Co., Ltd. and others.
Blanket: All major geographies and key segments
Segments: Product segment (powder, granular, other product segments); End use (water treatment, air purification, food and beverage, automotive, medical and pharmaceutical, other end uses)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Africa.

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ABSTRACT-

Global Activated Carbon Market To Reach 3.9 Million Tons By 2026
Activated carbon is a ubiquitous material that finds use in a myriad of applications ranging from water treatment, air purification, food and beverage processing, medical and pharmaceutical production and canisters of automotive emissions, among others. The material is a form of carbon obtained by activating any carbonaceous raw material through an oxidation process for the absorption of impurities in liquids and gases. Global market growth is driven by strict environmental regulations regarding water and air purification, increasing use of activated carbon to purge heavy metal residues in industrial pollutants, increasing demand for water clean drinking water supply in the world and the rapid industrial growth of Asia and other emerging markets. The growing population and the acute need for superior waste disposal management will generate a demand for activated carbon in hazardous waste incineration and clinical waste incineration applications. Demand would also be driven by water scarcity and the growing importance of water decontamination and wastewater treatment. The expansion of applications in modern medicine and the increased production of sweeteners, beverages and edible oils are also expected to drive growth in the coming years.

Amid the COVID-19 crisis, the global activated carbon market estimated at 2.7 million tonnes in 2020, is expected to reach a revised size of 3.9 million tonnes by 2026, growing at a CAGR 6.3% over the analysis period. Powdered, one of the segments analyzed in the report, is expected to grow at a CAGR of 7.1% to reach 2.5 million tonnes by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Granular segment is readjusted to a revised CAGR of 5.4% for the next 7 year period. This segment currently represents a 36.7% share of the global activated carbon market. The demand for powdered activated carbon arises from coal-fired power plants where it is used for the removal of air contaminants, and the growing need for decolonization and deodorization in chemical processes. Granulated activated carbon is widely used in a range of end-use industries, including water treatment and air and gas purification. The product is widely used in reverse osmosis water purification processes and is also mainly used to remove organic carbons. Due to its large particle size, granulated activated carbon is ideal for removing impurities from air, gases and liquids.

The US market is estimated at 449.4 thousand tons in 2021, while China is expected to reach 1.6 million tons by 2026
The activated carbon market in the United States is estimated at 449.4 thousand tonnes in 2021. The country currently represents 16.07% of the world market. China, the world’s second-largest economy, is expected to reach an estimated market size of 1.6 million tonnes in 2026, with a CAGR of 7.3% during the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 4.5% and 4.9% respectively over the period of analysis. In Europe, Germany is expected to grow around 5.3% CAGR while the rest of the European market (as defined in the study) will reach 1.7 million tonnes by the end of the analysis period. Rising pollution levels and increasing international pressure on governments to cap their pollution levels are all factors driving growth in the United States as well as in other regions. The growth of the US market has been supported by the strict MACT environmental standards for the removal of mercury from coal and petroleum-fired power plants and other industries in the region, and the implementation of the disinfection rule. by-products (DBP) aimed at treating drinking water. Strict government guidelines, standards and various initiatives have contributed to the growth in demand for activated carbon in European countries. With spectacular demographic expansion, increased urbanization, a robust pace of industrialization, infrastructure development and GDP growth, Asia Pacific directed by China continues to be a lucrative market for the extensive application of activated carbon. The increase in manufacturing activities, in particular due to low cost raw materials, easy access to cheap labor and proximity to end customers, particularly provides a major response to the demand. of activated carbon in the region.

By application, the water treatment segment will reach 1.5 million tons by 2026
Water treatment represents the largest end user of activated carbon, due to the growing need for pure and safe drinking water treatment processes and recyclable water for manufacturing processes in a wide range of industries. . The market is also seeing the need for treating water increase due to water scarcity and the rapid industrialization underway in developing countries. In the global Water Treatment segment, United States, Canada, Japan, China and Europe will drive the estimated 4.94% CAGR for this segment. These regional markets representing a combined market size of 883.1 thousand tonnes in 2020 will reach a projected size of 1.3 million tonnes by the end of the analysis period. China will remain among the most dynamic in this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific is expected to reach 161.9 thousand tonnes by 2026, while Latin America will increase at a CAGR of 5.5% throughout the analysis period. After

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