Tuesday, February 11, 2014

Global Activated Carbon Market worth $3 Billion by 2016



Activated carbon is a non-graphitic form of carbon, which could be produced by activation of any carbonaceous material such as coconut shells, bamboo, wood chips, sawdust, coal, lignite, paddy husk etc. The process of activation is carried out in two stages. The raw material is first carbonized and then activated either by chemicals or by steam to derive the highly porous structure.

Source: www.marketsandmarkets.com
The major activated carbon market includes primarily powdered and granular segments. The powdered activated carbon market segment is the fastest growing area within the global market. It has been gaining importance with its major application in the areas of water treatment and air purification.
Applications of powdered activated carbon is found in the sectors like vegetable oils, fats, sugar, water treatment, pharmaceuticals, fine chemicals and food products.
Applications of granular activated carbon are found in automotive canisters, air purification, chemical and pharmaceutical industry.
Activated carbon is a bulky, highly adsorbent material that actually consists of air and is relatively difficult to transport.
Activated carbon represents different functionalities like absorption, reduction, catalysis, and some other useful chemical reactions. 

Source:www.wikinvest.com
 Considering the applications market, gas phase application is expected to grow at a significant growth rate. Some of the other important fields for the market are automotive, air purification, water treatment, pharmaceutical & medical, and food & beverage applications.

Importance of various applications of activated carbon varies from region to region. The Asian countries are one of the key exporters in the dominating markets of U.S. It becomes vital to study about the countries which export activated carbon to big markets such as U.S. and which have become favorites for the past few years. It also focuses on the U.S. imports which give an idea about the countries which are exporting to the biggest market. Liquid-phase end uses are one of the largest applications for activated carbon. It mainly includes water treatment applications.

Activated carbon market can be seen with features like raw material shortages regulatory uncertainty, trade tariffs, mergers and acquisitions.
  
Demand for powdered activated carbon for mercury control applications has shown the tremendous growth rate.  Activated carbon market is in its growth stage and expected to continue the trend. This trend will lead to grow this market by double in size. 
  

Source: www.idtechex.com


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