Activated Carbon Market - Overview
Activated carbon, also called activated charcoal, is a highly porous, adsorptive material with large surface area and large amorphous structure. It is mostly composed of aromatic configurations of carbon atoms, which are joined by random cross-linkages. Different types of raw materials are employed in the manufacture of activated carbon. Major raw materials are coal, coconut shell, and wood. Activated carbon can be manufactured by using less conventional raw materials such as peat, olive stones, fruit pits, petroleum coke, pitch, synthetic polymers, waste cellulose materials, and scrap tires. It can be manufactured by employing two processes: steam activation at high temperatures and chemical activation by using a strong dehydrating agent. Of these, steam activation is the commonly used process.
Based on form, the global activated carbon market has been segmented into granular, powdered, extruded, and others (including honeycombs and activated carbon fibers). Granular is expected to be the dominant segment during the forecast period. However, the powdered segment is anticipated to expand significantly during the forecast period. In terms of raw material, the global activated carbon market has been divided into coal-based, wood-based, coconut shell-based, and others (including nutshell and olive stones). Coal-based was the major segment of the activated carbon market in 2017. However, the coconut shell-based segment is anticipated to expand at a rapid pace during the forecast period. Easy availability and eco-friendly nature are the major factors estimated to drive the coconut shell-based segment. Based on application, the activated carbon market has been segregated into water & wastewater treatment, gas & air treatment, food & beverages, pharmaceuticals, industrial chemicals, mining, automotive, and others (including personal care, gold metal catalyst). Water & wastewater treatment and gas & air treatment were the dominant segments of the global activated carbon market in 2017.
Based on region, the global activated carbon market has been split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is estimated to lead the global activated carbon market in the next few years. The market in the region is projected to expand rapidly during the forecast period.
The report analyzes and forecasts the activated carbon market at global and regional levels. The market has been projected in terms of value (US$ Mn) and volume (tons) from 2018 to 2026. The study includes drivers and restraints of the global activated carbon market. It also covers the expected impact of these drivers and restraints on demand for activated carbon during the forecast period. The report also highlights growth opportunities for the activated carbon market at the global and regional levels.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global activated carbon market. Porter’s Five Forces model for the activated carbon market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein form, raw material, and application segments have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global activated carbon market by segmenting it in terms of form, raw material, application, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for activated carbon in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The study includes profiles of major companies operating in the global activated carbon market.
Key players include Cabot Corporation, Osaka Gas Chemicals Co., Ltd., Calgon Carbon Corporation, Haycarb PLC, ADA Carbon Solutions, Inc., Oxbow Activated Carbon, Donau Chemie AG, Evoqua Water Technologies, LLC, and Kureha Corporation. Market players have been profiled in terms of company overview, business strategies, and recent developments.
The report provides the estimated size of the global activated carbon market for 2018 and forecast for the next eight years. The size of the global activated carbon market has been provided in terms of volume and value. Market numbers have been estimated based on form, raw material, application, and region. The market size and forecast for each form, raw material, and application have been provided at the global and regional levels.
The global activated carbon market can be segmented as follows:
Global Activated Carbon Market, by Form
Global Activated Carbon Market, by Raw Material
Global Activated Carbon Market, by Application
Global Activated Carbon Market, by Region
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