Aarkstore - Global Activated Carbon Market Forecast and Opportunities, 2019

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Published: Dec 2014| No. Of Pages:163 Pages

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Global Activated Carbon Market Forecast and Opportunities, 2019

Summary

Mounting environmental pollution is becoming a huge cause of concern for developed as well as developing countries, globally. Governments across the globe are becoming increasingly concerned about deteriorating quality of air and water, and subsequently framing stringent policies to keep a tab on pollution levels. Rising environmental awareness is triggering the demand for products, systems or solutions that can effectively counter the adverse effects of widespread environmental pollution. Activated carbon, characterized by its exceptional adsorption properties, has been identified as an effective solution for air and water pollution control, which is driving its demand in both mature and emerging markets across the globe. Besides drinking water treatment and air purification, activated carbon is also actively used in controlling mercury emissions, caused by burning of coal in power plants. With growing use in diverse end user industries, such as mining, food & beverage, pharmaceuticals and chemical & petrochemical, the global market for activated carbon is expected to post strong growth over the next five years.

According to “Global Activated Carbon Market Forecast & Opportunities, 2019”, the global market for activated carbon is projected to grow at a robust CAGR of 12% until 2019. Asia-Pacific and North America are the two major markets for activated carbon, comprising more than 75% of the global sales in 2013. The United States is the largest market for activated carbon globally, though demand is also growing consistently in developing countries, especially in China, India and South Korea. The two widely...