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Asia Pacific Activated Carbon Market Size 2025 - What Are The Main Factors That Contributing Towards Industry Growth?

Author : Ronak Bora | Published Date : 2019-07-12 

Asia Pacific Activated Carbon Market led by China is anticipated to provide rapid growth opportunities in forecast period owing to increasing industrialization in developing countries mainly China. The demand is driven by insufficient clean water access as industrial development has a direct impact on water treatment plants. Government regulations and subsidies to safeguard the environment anticipated to support the regional growth. Emerging economies such as Japan, China and India will lead the regional demand. Growing population coupled with increasing automotive sale, will drive the demand for product over forecast period.

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.

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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.

North America Activated Carbon Market 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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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 Activated Carbon Market 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.

 

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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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