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

For more information about Activated Carbon Market Report click on  

http://www.prweb.com/releases/activated-carbon/market/prweb11241818.htm

Global Renewable Energy Market Worth $614.92 billion by 2015

Source:www.fightingillinienergy.com

Renewable energy includes sources of energy that replenish faster when compared to fossil fuels such as coal and petroleum. The sources of renewable energy are sun, hydro, wind, geothermal, and biofuel.

Renewable energy market is one of the most dynamic industries in the current economic scenario. The global renewable energy sector is expected to grow with a CAGR of 7.5% and is expected to reach a size of $614.92 billion by 2015. The growth is boosted with increasing investments in the sector by governments, venture capitalists, and corporate.

The demand for energy, energy sustainability and energy conservation are increasing among public. Increasing awareness about Green House Effect increases the utilization of renewable energy sources.

 Governments across the world are providing their support, policies, and regulations, and investments for boosting growth in the renewable energy market.The renewable energy market is divided into segments as solar photovoltaic (solar PV), wind, hydropower (dams), biofuels and geothermal.

Biofuels market

Source:greentechtown.com

The biofuels market consists of two major fuels; i.e. bioethanol and biodiesel. Of these, bioethanol has the largest share. In 2009, the U.S. and Brazil were the leading producers of bioethanol with an estimated production of 41 billion and 26 billion liters respectively.The bio-fuels market is segmented by products such as bio-ethanol and bio-diesel and geographic break down covers the U.S., Brazil, France, and others.

Hydro power

Hydro power is one of the largest sources of renewable energy in the world. It fulfills about 16% to 20% of global demand for electricity depending on capacity factors. More than 60 countries use hydro power as the major source for electricity generation; with China leading the pack followed by Brazil, Canada, and the U.S.

Hydro power market is segmented on the basis of geography such as Americas, Europe, Asia Pacific, and Rest of the World.

Geothermal energy

The geothermal energy market is classified into two segments: direct use and electricity/power generation. In geothermal power generation, the Americas lead in terms of globally installed capacities (43%) in 2010; followed by Asia-Pacific (41%).Major countries involved in geothermal power generation are the U.S., The Philippines, and Indonesia due to naturally available geothermal resources.

The market for geothermal energy is segmented by applications such as power generation and direct use and the geographic break down covers Americas, Europe, Asia-Pacific, and rest of the world.

Solar photovoltaic market

           

Source:www.wired.co.uk

The solar photovoltaic market witnessed a relatively small growth rate in terms of demand due to the global slowdown in 2008-2009. The only region to witness huge demand during this period was Spain owing to liberalization in that country’s energy policies. India has much favorable conditions to use this technology as it has 360 days of prominent sunlight across its geography.The applications of solar PV electricity include consumer products, automotive applications, space applications, grid connected power supply, residential and commercial power supply, and water pumping.

The solar energy market is segmented by products such as crystalline silicon, thin film, and others and geographic break down covers Americas, Asia, Europe, and Rest of the World.

Wind energy

The global wind energy market growth is supported with addition in capacities year on year. In other words, we can say that this market is still in the growth phase. Globally, U.S. had the largest installed capacity in 2009 with a share of 22%. It was followed by China, which held 16% share of the global installed capacity. The other major countries in the wind energy market are Germany, Spain, India, and Italy.

Wind power market is segmented by technology as horizontal and vertical axis wind turbines and geographic break down covers the U.S., Europe, Asia, and Rest of the World.

The major factors for considering this market analysis includes policies and regulations, market dynamics, competitive landscape, company profiles of major players and patent analysis for each of the renewable power sources.

Source: www.dailymail.co.uk

However there are some inhibitors and challenges while installing renewable energy sources. Major inhibitors identified for the market are high capital cost, intermittent energy supply from sun and wind, insufficient feed stock for bio-fuels, and accessibility and availability issues with geothermal energy.

Some of the burning issues in this market are

·         environmental concerns and geo-pressured resources,

·         social and political concerns over installation of hydro power project, and

·         insufficient food-based feedstock for bio-fuels production.