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Activated Carbon Market in North America will witness a rapid growth to 2024

Author : Ronak Bora | Published Date : 2019-04-03 

A comprehensive research study on Activated Carbon Market introduced by Global Market Insights, Inc. provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of market in terms of the demand landscape, driving factors and growth strategies adopted by market players.

North America product demand is driven by rising health concerns and stringent environment regulations. U.S. followed by Canada and Mexico are anticipated to be the key consumers positively impacting the regional demand. Mercury and Air Toxics Standards (MATS) set forth by the United States Environmental Protection Agency as part of the Clean Air Act on the amount of emission of mercury and other toxins from these power plants will support product penetration over the forecast period.

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Activated Carbon Market size is anticipated to witness a significant growth, owing to rising investments in infrastructure for safe drinking water. Upsurge in demand for the product as a key tool in water purification in developing nations will drive market growth over the forecast period. Extensive application scope to remove chlorine, volatile organic compounds (VOCs), sediment, taste and odor from water. Rising concern regarding health related issues on consumption of contaminated water is expected to remain a key driving factor for the global market growth.

Increasing demand for product in diverse applications, including respirator masks, sugarcane purification, cigarette filters and recovery of precious metals, especially gold will drive product penetration. Surge in demand of filters for municipal water treatment facilities for recycling will also stimulate activated carbon market size.

Stringent government regulations regarding mercury emissions from coal fired power plants will propel product demand over forecast period. Industrial norms around restoring and protecting the environment will also drive product penetration. Demand for regenerated carbon is likely to surge in metropolises and industrial sectors, as manufacturers look to comply with pollutant ceiling legislation. Increasing adoption of the product in automotive industry will further add to activated carbon market growth. Surge in production and application of activated carbon canisters in automobiles to reduce pollutant emissions and improve engine performance will augment market size.

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European market also plays a key role in the overall activated carbon market. Increasing demand for powdered activated carbon for decolonization and deodorization operations in pharmaceutical industry is expected to drive demand over forecast period. Stringent government regulations coupled with increasing demand to regulate water pollution and wastewater from municipal and industrial sources will augment market size in the region over forecast period. Rising concern about mercury emission from various end-use industries such as coal fired generators, waste incinerators, cement kilns, steel mills and industrial boilers in the region will promote product demand.

Global activated carbon industry is highly competitive owing to presence of a large number of market participants. Rising demand for product coupled with huge application potential has attracted various small manufacturers in market. The market is majorly dominated by few multinational players as a result the majority of the share accounts for these large players.

Major industry participants are Carbotech, Haycarb PLC, MeadWestvaco Corporation, Siemens Water Technologies Corp, Kureha Corporation, Jacobi, ADA-ES, Clarinex Group, Calgon, Carbon Resources, Cabot Corporation Kuraray and Carbon Activated.

Browse Full Report @ https://www.gminsights.com/industry-analysis/activated-carbon-market

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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