Summary Global Activated Carbon Market-Growth , Trends , and Forecasts ( 2017-2022 ) Description
The global activated carbon market was valued at USD XX . XX in 2015 and is expected to reach USD 4.46 billion by 2020 , at a CAGR of 10.8 % during the forecast period from 2015 to 2020 . In terms of tonnage , the global market was at 1.56 million metric tons in 2014 . Asia Pacific dominated the global activated carbon market , accounting for over 40.0 % of the total volume in 2014 , with China being a leading exporter , accounting for over 35.0 % of the total Asian activated carbon exports in 2014 .
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The on the basis of product type into powder , granular and pelletalized . On the basis of end-user industry , the market is segmented into water treatment , food & beverages , healthcare , automotive , air purification , solvent recovery , mining , and others . Among the end-user industry segment , water treatment is the major end-user . Over the next few years , the air purification application segment is expected to grow at a fast pace when compared to the water treatment segment . Other applications include food & beverages , pharmaceutical & medical , and automotives . The report studies the activated carbon product , raw material types , and their importance and also gives an idea about the importexport scenario , globally .
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On the basis of geography global activated carbon market is segmented has been segmented into Asia- Pacific , North America and the rest of the world .
Key product segments analyzed and reported in this study include powdered , granular , and pelletalized activated carbon products . Powdered activated carbon ( PAC ) is mainly produced by chemical activation , and is used for drinking water treatment and mercury removal . In the water purification application , the degree of effectiveness of GAC filters is directly related to contact time with the water and flow rate of the water . Powdered activated carbon dominated the global demand in 2014 , accounting for 55.6 % of the total volume . However , the demand for the powdered application is expected to be primarily driven by the air purification applications and is expected to grow at a CAGR of 11.9 % from 2014 to 2020 .
Owing to the rise in alarms over the worsening environmental standards , the environmental protection agency ( EPA ) has issued the mercury and air toxics standard , which focuses on halting the presence of mercury , acid gas , and some other common metal emissions from oil and coal powered plants . This is expected to boost the growth of the global activated carbon market in the near future .
However , one of the key challenges in this market is the shortage of raw materials , such as coconut shell charcoal that is used for the making of activated carbon .
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