Pelletized Activated Carbon Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1539
Global Pelletized Activated Carbon Market size is anticipated to grow at a significant rate during the forecast period. Healthy growth of the market is supported by its application in multiple fields of mercury removal, air purification, water treatment, and industrial processes etc.
Major application of the compound is in air treatment and purification as per the requirement of the customer. It basically removes the organic contaminants from soil remediation vents, storage tank vents, gas process streams, industrial air emissions and internal work air environments. Rapid industrialization has increased pollution level in working atmosphere, this has necessitated air purification and thus propelled pelletized activated carbon market.
The compound is utilized for the removal of mercury from environment, it acts as an absorbent owing to its property of large surface area and high absorption capacity. To comply with stringent government regulations regarding mercury level in the working environment, many power plants and other flue gas emissions plants are adopting pelletized activated carbon. Further, presence of mercury in liquid natural gas plants has shortened the shelf life of metal catalysts and it had even caused equipment failures in some cases. To overcome these challenges demand for mercury absorbent is increasing in such industries, this will drive pelletized activated carbon market in near future.
Pelletized activated carbon has another name as extruded activated carbon. It has the benefits of low dust content, high mechanical strength, and low-pressure drop owing to which it is used for solvent recovery in vapor phase or gas applications. Other applications of the compound include odour removal from gases and air, catalyst protector and supporter, purification of nitrogen and carbon dioxide emitted from industries, and as an air stripper. Activated carbon act as a filter media for gaseous filtration in industrial boilers, steel mills, waste incinerators, coal-fired generators and cement kilns. Additionally, increasing awareness and government subsidies for purification of gasses and liquid will enhance global pelletized activated carbon in the forecast timeframe.
The compound is consumed extensively for water purification. It can curb considerable amount of chlorine and volatile organic content (VOC) from drinking water. It is even capable of removing dissolved radon, lead and compounds that cause odour from water. Increasing rate of human health water borne diseases is expected to depict a positive outlook of pelletized activated carbon market in near future. The product is prepared by coconut shell charcoal, there can be a shortage of this raw material for its manufacturing which might hinder its market.
Based on the application, the market is segmented as mercury removing, industrial processes, air treatment and purification, and water treatment. As per the end-user industry, it is classified as agriculture, chemical, pharmaceutical, food & beverage, and automotive. Various raw materials used in the manufacturing of the compound are paddy husk, bamboo, lignite, coconut shell, wood and coal.
Asia Pacific is expected to contribute significantly in global pelletized activated carbon market owing to its rapid industrialization. Business friendly government policies in India and China are attracting foreign investments in these countries. Further, regulatory bodies are providing subsidies for water purification and to maintain a healthy working environment in manufacturing facilities that has further boosted the global market. North America had registered a decent growth rate in packed food & beverage industry during last decade. These food industries demand a hygienic and contamination free work environment for its product formulation, resulting in surge of pelletized activated carbon market. Europe has a robust automobile market form past few decades as Germany is a hub for giant manufacturers including Audi, BMW, Opel, Volkswagen, and Mercedes-Benz. These vehicle manufacturers have resulted in progress of many other industries that serve vehicle manufacturing such as plastic composites, adhesives, paints & coatings etc. Thus, robust industrialization in this region is likely to give a positive outlook for pelletized activated carbon market during the forecast period.
Prominent manufacturers in the market include Carbotech AC GmbH, Clarinex Group, Carbon resources LLC, MeadWestvaco Corporation, Carbon activated Corporation, Cabot Corporation, Siemens Water Technologies Corp, Carbotech, Ada Carbon Solutions LLC, and Calgon Carbon Corporation.
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