Transparency Market Research (TMR) predicts that the global activated carbon market features highly consolidated. The key players in the activated carbon market are Calgon Carbon Corporation, Cabot Corporation, Osaka Gas Chemicals Co., Ltd., ADA Carbon Solutions, Inc., Haycarb PLC, and CarboTech AC GmbH. Some of the other prominent players in the activated carbon market include Oxbow Activated Carbon, Carbon Activated Carbon, Donau Chemie AG, Kureha Corporation, and Evoqua Water Technologies. Around 90% of the global activated carbon market features consolidative vendor landscape, while the rest is fragmented due to large number of small players operating in the market.
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According to the report by TMR, the activated carbon market is anticipated to expand by exhibiting a CAGR of 8.0% during the forecast period from 2018 to 2026 and is estimated to grab a value of US$6.0 bn by 2026-end. Based on the raw material, the coal-based segment dominated the global activated carbon market and is estimated to account for key share in the coming years. Based on the application, the water & wastewater treatment segment dominated the market in 2017 and likely to remain dominant in coming years.
Regionally, the Asia Pacific held prominent share in the revenue of the global activated carbon market in 2017. However, North America and Europe is estimated to account for leading share in 2017. This growth is attributable to rise in demand from water treatment application coupled with regulations associated with mercury emission control.
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Excellent properties of activated carbon drive market growth
Activated carbon is a carbonaceous and extremely porous adsorptive medium, which has composed structure of carbon atoms. Random cross-linkage in activated carbon and the linkage differs the properties. Various raw materials such as coconut shell, coal, peat, olive stones, petroleum pitch, fruit pits, synthetic polymers, scrap tires, waste cellulose materials, and wood are used for manufacturing the activated carbon. Rise in demand for activated carbon is boosting its production; thus, the market is getting benefited.