Activated carbon, activated coal, or activated charcoal is a form of non-graphite and porous carbon. It is a result of an activation process of carbonaceous materials such as coal, bamboo, sawdust, coconut shells, lignite, wood chips, and paddy husk. Some of the commonly seen product types of activated carbon are powder, extruded, and granular. They are popularly used in a wide range of applications such as liquid, gas, and vapor treatment.
The global activated carbon market is segmented on the basis of product, application, end use, and region. The products available in the global activated carbon market are granular, powdered, and others such as extruded and impregnated. The application of these products is seen in the liquid phase as well as the gas phase. The usage of activated carbon is seen in areas such as water treatment, food and beverage processing, pharmaceutical and medical, automotive, air purification, and others such as solvent recovery, mining, and catalysts. Geographically, this market is segmented into North America, Asia Pacific, Europe, and Rest of the World.
Browse the full Report of Global Activated Carbon Market: http://www.mrrse.com/activated-carbon-market
Emerging Economies in Asia Pacific Keep the Region at Forefront in Global Activated Carbon Market
In terms of regions, Asia Pacific held the largest share in the overall activated carbon market, of about 41%, in 2012. This gigantic share in the market was primarily due to the growing usage of activated carbon market amongst end-use industries such as air purification and water treatment in Japan and other emerging economies such as India and China. The water treatment industry alone accounted for more than 47% of the activated carbon market in Asia Pacific in 2012.
North America followed this regional market closely, with a share of over 27% in the global activated carbon market in 2012. In the coming years, the growth of the activated carbon market is expected to be retarded in Europe and North America, as Asia Pacific and Rest of the World take over due to an ever-increasing demand.
Global Activated Carbon Market to Register a CAGR of 11.9% between 2013 and 2019
Analysts have also pointed out that the liquid phase application segment held more than 58% of the global activated market in 2012. However, this segment will be taken over by the gas phase application, as it will rise at a CAGR of more than 13% from 2013 to 2019.
Amongst the end users of activated carbon, the water treatment industry is expected to dominate the market, expanding at a CAGR of 10.2% from 2013 to 2019. The air purification industry, which held the second largest share in the global activated carbon market industry in 2012, is expected to become the fastest growing segment from 2013 to 2019. According to a research report, the global activated carbon market was valued at US$1.9 bn in 2012 and is likely to reach US$4.2 bn by 2019, registering a remarkable CAGR of 11.9% between 2013 and 2019.
Browse the full Press Release of Global Activated Carbon Market: http://www.mrrse.com/activated-carbon-industry
Some of the key players in the global activated carbon market are Siemens Water Technologies Corp., Carbon Resources LLC., Jacobi Carbons AB, Haycarb PLC, Cabot Norit Activated Carbon., and Meadwestvaco Corporation.