The Global Activated Carbon market is predicted to rise with a CAGR of 9.27% over the forecast period of 2018-2026. The market is primarily being driven by factors such as the increasing demand for mercury control applications, innovations, and a high demand for granular and powdered activated carbon.
The Global Activated Carbon market is segmented on the basis of raw materials, applications, and types. The raw materials can be further classified into coal, coconut shell, wood, etc. wherein the coal market holds the largest market share. The applications for this market include water treatments, air purification, pharmaceuticals, automotive, etc. with the water treatment application leading the market; and the market type includes granular, pellet, and powdered form wherein a high demand for powdered type has been observed in the market.
The Global Activated Carbon market has been geographically segmented into North America (U.S. & Canada), Europe (UK, Spain, Germany, France, Italy, and Rest of Europe), Asia-Pacific (India, China, Japan, Australia, South Korea, and Rest of APAC) and the Rest of World (Latin America, Middle East and Africa). The Asia-Pacific market is expected to exhibit the fastest growth over the forecast period on account of the rapid industrialization and the presence of a large number of vendors in the region. Also, owing to an increasing focus on issues like water scarcity and pollution management, the consumption of activated carbon is expected to augment in the coming years.
Osaka Gas Co Ltd, headquartered in Japan, is a major player in this market. Calgon Carbon Corporation is another prominent market player in the global market that engages in the supply and manufacture of advanced ultraviolet light disinfection technologies, ion-exchange, and ballast water treatment methods. The other important market players include Cabot Corporation, Albemarle Corporation, Evoqua Water Technologies Llc, Kuraray Co., Ltd, Haycarb Plc, and Kureha Corporation.