Demand for Water Treatment Applications to Fuel Growth of Activated Carbon Market
Explosive demand for clean, safe, potable water worldwide is primarily driving the expanse of activated carbon market in water treatment industry. Carbon Activated Corp., for example, offers industrial solutions as well as municipal groundwater filter systems in the United States, and VOC/siloxane removal systems in biogas engines throughout Europe. Due to the rapidly increasing population, there is strong consumer demand for freshwater, which has resulted in increase in the use of water purification. Global activated carbon market is thus expected to witness strong growth prospects in the near future.
According to a WHO in year 2020, over 2 billion people live in nations that are water-stressed, a situation that is likely to worsen in some areas because of climate change and population expansion. At least 2 billion people throughout the world consume water that has been tainted with faeces. Microbial contamination of drinking water due to faecal pollution is the most serious threat to drinking water safety.
Approximately 5.8 billion people used properly managed drinking water services in 2020, which means they used improved on-premises water sources that were available when needed, and free from contaminants. The World Health Organization (WHO) estimated a total of 2 billion individuals without access to safely managed services in 2020, including 1.2 billion people with basic services - defined as an improved water source within 30 minutes of their home, 282 million people with limited services - defined as an improved water source that requires more than 30 minutes to reach, 368 million people using unprotected wells and springs, and 122 million people collecting untreated surface water from lakes, ponds, rivers, and streams.
Demand from a Variety of End-use Industries to Boost the Activated Carbon Market Growth
Granulated activated carbon (GAC) is expected to be the fastest-growing segment of the activated carbon market over the forecast period. The segment is in great demand from a variety of end-use industries such as water treatment and air and gas purification. Because GAC has a bigger particle size than powdered GAC, it can be used to remove pollutants from liquids, air, and gases. GAC is used to remove contaminants like odour and colour from sweets, syrups, drinks, amino acids, and organic acids in the food and beverage business. It is also used to remove oil, industrial contaminants, heavy metals, and pesticides from wastewater. Furthermore, the increased demand for granulated form can be attributed to its ease of regeneration and reusability, which leads to market expansion. With its capacity to absorb gases more quickly, granular activated carbon is used. Granular activated carbon is also used for water treatment, deodorization, and separation of components from the flow system. These are also widely used for odour control and contamination removal in processed water, surface water, and groundwater.
Growing Demand for Water Treatment Processes to Augment the Activated Carbon Market Growth in Asia Pacific
Asia Pacific is the world's largest user of activated carbon, and the trend is expected to continue within the forecast period. This is since Asia Pacific is a good market for coconut shells and coconut shell-based activated carbon. Activated carbon is commonly utilised in the region for water purification and gold mining. Indian dry coconuts are favoured over coconuts from other Asia Pacific countries because they contain more oil. Coconut shells are sourced from Asian countries such as Sri Lanka, Indonesia, the Philippines, and India by several large market participants, including Jacobi Carbons, and Haycarb. China is the world's largest pharmaceutical market and the world's fastest-growing market for activated carbons. The country's domestic drug sector is big and diverse, with over 5,000 firms, many of which are small or medium-sized.
China will have the world's largest activated carbon market. Water treatment, food and beverage processing, healthcare, automotive, and industrial processing all employ activated carbon. In recent years, the need for water treatment has increased due to rising industrial water demands and changing government rules for water pollution prevention and control action plans. The coal, steel, and iron industries, which require fresh water for day-to-day operations, are the primary users of wastewater treatment. Between 2021 and 2025, China wants to develop or upgrade 80,000 kilometres of sewage collecting pipeline networks and enhance sewage treatment capacity by 20 million cubic metres per day, according to the International Trade Administration. China's automobile manufacturing increased to 26,082,220 passenger cars and light trucks in 2021, up from 25,225,242 units in 2020, according to the OICA. In 2021, the growth rate was 3%. Furthermore, the CAAM predicts that, due to rising demand in the passenger car market, automobile manufacturing will continue to rise.
Global Activated Carbon Market: Competitive Landscape
Companies in the market are launching new goods as well as forming new collaborations, alliances, and partnerships. For instance, in July 2021, Veolia expanded its water business in Japan by signing approval on the Miyagi Water and Wastewater Concession Project's operation. This concession contract covers the operation and maintenance (O&M) and renewal of eight treatment plants with a total treatment capacity of over 900,000 m3 per day for a period of 20 years.
On the other hand, in June 2020, Calgon Carbon Corporation announced plans to install a second virgin activated carbon production line in its Pearlington, Mississippi facility. The additional production line is expected to cost USD 185 million to build. Calgon Carbon's virgin granular activated carbon capacity will surpass 200 million pounds per year once it is completed in late 2022.
A few of the players in the activated carbon market include Veolia (UK), Kuraray Co. Ltd. (Japan), Osaka Gas Co., Ltd. (Japan), Cabot Corporation (US), Haycarb Plc (Sri Lanka), Calgon Carbon Corporation (US), and Kureha Corporation (Japan).
Global Activated Carbon Market is Segmented as Below:
Key Elements Included In The Study: Global Activated Carbon Market
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