iCrowdNewswire Dec 4, 2020 3:00 AM ET
According to the new market research report “Activated Carbon Market by Type (Powdered, Granular, Others (Pelletized, Bead)), Application (Liquid Phase (Water Treatment, Foods & Beverages, Pharmaceutical & Medical), Gaseous Phase (Industrial, Automotive)), Region – Global Forecast to 2021″, The global activated carbon market was valued at USD 4.74 Billion in 2015 and is projected to reach USD 8.12 Billion by 2021, at a CAGR of 9.4% from 2016 to 2021. The market size in terms of volume was 2,743.4 KT in 2015, and is projected to reach 3857.9 KT by 2021, at a CAGR of 8.4% from 2016 to 2021.
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The market for powdered activated carbon is the largest in the global activated carbon market, followed by the market for granular activated carbon. The demand for powdered activated carbon is mainly fueled by the increasing applications of activated carbon in end-use industries such as, chemical, petrochemical, foods & beverages, and for decolorization and deodorization applications.
The liquid phase application is the largest application of activated carbon. Activated carbon is widely used in liquid phase applications such as, industrial water treatment and municipal water treatment, the chemical industry, pharmaceutical industry, and foods & beverages industry. Applications of activated carbon for decolorization, deodorization, and solvent recovery are expected to drive the demand for activated carbon during the forecast period.
Browse and in-depth TOC on “Activated Carbon Market – Global Forecast to 2021”
168 – Tables
40 – Figures
153 – Pages
View more detailed TOC @ https://www.marketsandmarkets.com/Market-Reports/activated-carbon-362.html
Acquisitions accounted for a share of 27% of all the growth strategies adopted by players in the activated carbon market between 2011 and 2016. Companies have adopted this strategy to strengthen their positions in the activated carbon market. The major acquisition in the activated carbon market was the acquisition of the Sweden based activated carbon producer, Jacobi Carbons AB, by Osaka Gas Co. Ltd (Japan). With this acquisition, Osaka Gas Co. Ltd (Sweden) became the third largest market share holder in the global activated carbon market.
Major manufacturers such as, Calgon Carbon Corporation (U.S), Osaka Gas Co. Ltd (Japan), Cabot Corporation (U.S), Haycarb PLC (Sri Lanka), Kuraray Chemical Co. Ltd (Japan), KUREHA CORPORATION (Japan), Donau Carbon GmbH (Germany), Silcarbon Aktivkohle GmbH (Germany), and Oxbow Activated Carbon LLC (U.S), are profiled in this report. These companies have adopted various organic and inorganic growth strategies such as, new product launches/developments, agreements & joint ventures, expansions, and mergers & acquisitions.
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Calgon Carbon Corporation (U.S) is the key leader and contributor to the growth of the global activated carbon market. It accounted for a 15.0% share of the total activated carbon market in 2015.
The company grew extensively during the last few years. In November 2016, the Calgon Carbon Corporation acquired the activated carbon and filter aid business of CECA which is a subsidiary of the Arkema Group (France). With this acquisition, the company established a strong foothold in the activated carbon market in Europe. In September 2015, the company commenced a new granulated activated carbon production facility in Zamboanga, Philippines, having a production capacity of 20 KT. This acquisition enabled the company to cater to demand from the end-use industries of activated carbon.
Osaka Gas Co. Ltd is another major activated carbon producer that has established a strong foothold in the global activated carbon market.
The company has a broad and diversified activated carbon portfolio, ensuring its consistent growth in the market. The company is focused on both, organic and inorganic growth strategies. It has enhanced its product portfolio with various growth strategies such as expansions, mergers & acquisitions.
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Keywords: activated carbon market, activated carbon product, activated coal market, powdered activated carbon, granular activated carbon, activated carbon