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Global Activated Carbon Market to Exhibit Progressive 11.90% CAGR between 2013 and 2019

Article Description

Activated carbon refers to a treated non-graphite porous form of carbon that is formed due to activation of carbonaceous material including bamboo, coal, wood chips, sawdust, coconut shells, lignite, and paddy husk. Stringent water purification standards and mercury control legislations are expected to drive the global activated carbon market in the near future. However, scarcity of raw materials is the major concern that is expected to hamper the growth of the market.

In 2012, the global activated carbon market was valued at US$1.9 bn and is estimated to reach a value of US$4.2 bn by the end of 2019. The market is projected to exhibit a healthy 11.90% CAGR between 2013 and 2019.

Browse the full Global Activated Carbon Market report at http://www.mrrse.com/activated-carbon-market

Water Treatment to Dominate Global Activated Carbon Market till 2019

The global activated carbon market can be classified on the basis of product type into granular, powdered, and others (such as impregnated and extruded). The powdered segment is expected to grow at a fast pace, registering a 13.70% CAGR between 2013 and 2019. Nevertheless, by 2019, the granular segment is projected to hold a 32% share in the global market. Furthermore, by application, the global activated carbon market can be categorized into gas phase and liquid phase. In 2012, the liquid phase segment led the global market, holding a 58% share in the overall activated market. On the other hand, the gas phase segment is anticipated to exhibit a 13% CAGR between 2013 and 2019.

The global activated carbon market can be segmented on the basis of end use into automotive, pharmaceutical and medical, air purification, water treatment, food and beverage processing, and others. The others segment is further sub-segmented into mining, solvent recovery, and catalysts. In 2012, the water treatment segment led the overall market and demand from the same is anticipated to be one of the prominent factors fueling the growth of the overall market. In terms of consumption, the water treatment segment is anticipated to register a progressive 10.20% CAGR between 2013 and 2019. Water treatment is followed by the air purification segment, which is projected to grow rapidly in the next few years.

Asia Pacific Market for Activated Carbon to Lead Global Market due to Growth of End-use Industries

The global activated carbon market can be divided on the basis of geography into Asia Pacific, Europe, North America, and Rest of the World. Among these regions, in 2012, the Asia Pacific market dominated the overall market, accounting for a 41% share in the overall market on the basis of consumption. The rapid growth of this region can be credited to the growth of end-use industries such as air purification and water treatment in several developing countries such as India, China, and Japan. In 2012, the water treatment segment accounted for around 47% of the Asia Pacific market. Asia Pacific is followed by North America, which held a share of 27% in the overall activated carbon market in 2012. The market share of North America and Europe in the global market is projected to decline in the next few years.             

The global activated carbon market is dominated by three major companies operating in the market. These three companies collectively hold a 68% share in the overall activated carbon market, among which Calgon Carbon Corporation leads the market and accounts for a significant market share. The other prominent players in the global market for activated carbon are Haycarb PLC, Cabot Norit Activated Carbon., Jacobi Carbons AB, Carbon Resources LLC., Siemens Water Technologies Corp., and Meadwestvaco Corporation.