May 29, 2020 11:25 ET | Source: Fortune Business Insights Fortune Business Insights
PUNE, May 29, 2020 (GLOBE NEWSWIRE) -- The global activated carbon market size is projected to reach USD 4.09 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. Wide usage of activated carbon in water treatment operations will be the central force driving the growth of this market, states Fortune Business Insights™ in its report, titled “Activated Carbon Market Size, Share & Industry Analysis, By Form (Powdered, Granular, and Others), By Application (Water Treatment, Air & Gas Purification, Food & Beverage, Others), and Regional Forecast, 2019-2026”. Activated carbon is the most preferred solution for treating drinking water due to its ability to adsorb synthetic organic chemicals, odour & taste compounds, and natural organic compounds. This carbon form has high adsorption efficiency as it is highly porous and features a large surface area where contaminants can get effectively adsorbed. With increasing levels of water pollution and contamination, especially in developing nations, the adoption of activated carbon solutions is set to escalate in the foreseeable future.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Get Sample PDF Brochure with “Short-Term and Long-Term Impact of COVID-19” on Activated Carbon Market,
Please Visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/activated-carbon-market-102175
The report states that the value of this market stood at USD 2.73 billion in 2018. The report answers the following questions:
Rising Mercury Pollution Worldwide to Stoke the Uptake of Activated Carbon
As economic activities have intensified, pollution levels caused by mercury emissions have also risen in tandem. According to the European Commission, human actions led to an influx of 1,960 metric tons of mercury into the atmosphere and 1,000 metric tons in the oceans in 2010. The UN Environment Program (UNEP) has postulated that artisanal and small-scale gold mining account for 37% of the total anthropogenic mercury emissions.
Mercury pollution is a leading cause of worry for governments and other stakeholders across the globe because of its deleterious effects on human health. The World Health Organization (WHO) states that exposure to mercury can have detrimental effects on the lungs, kidneys, eyes, and the digestive, nervous, and immune systems. The activated carbon market growth is premised on the proven efficacy of activated carbon injection technology in removing mercury from exhaust gas released from fossil fuel-powered plants. Thus, escalating levels of mercury pollution is likely to boost the adoption of activated carbon technologies.
Heightened Need for Potable Water in Asia-Pacific to Augment the Market
Among regions, Asia-Pacific is slated to lead the activated carbon market share during the forecast period owing to the dire need for potable water in the region, propelled by the rapid population growth in India and China. Moreover, large availability of natural resources and raw materials and increasing investment in wastewater treatment will add to the favourable conditions in the region for the market to grow.
The market size in North America was at USD 0.71 billion in 2018 and the region is expected to maintain its steady pace of growth in the coming years as a result of rising demand for air and water purification technologies. In addition, stringent government norms for treating industrial wastewater will further augment the market growth in the region. Similar trends will be observed in Europe, where governments are implementing strict regulations to reduce industrial and water pollution.
Browse Summary of This Research Report with Detailed Table of Content: https://www.fortunebusinessinsights.com/activated-carbon-market-102175
Strategic Investment in Innovation to Intensify Market Competition
Key players in this market are methodically investing their resources in R&D to enhance their innovation capacities and gain an edge in the market. These innovations will also enable companies to strengthen their product portfolios and enlarge their customer base.
List of Companies Covered in the Activated Carbon Market Report are:
March 2019: Ricoh Industries France announced that it will be expanding its production of thermal paper line. The company will be building a new coating machine to double its production capacity.
Quick Buy – Activated Carbon Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102175
Get your Customized Research Report:
https://www.fortunebusinessinsights.com/enquiry/customization/activated-carbon-market-102175
Have a Look at Related Research Insight:
Geosynthetics Market Size, Share and Industry Analysis, By Product (Geotextile Geogrid, Geonets, Geocells, Geofoam, Geosynthetic Clay Liner, Geocomposites), By Application and Regional Forecast 2019-2026
Insulation Market Size, Share & Industry Analysis, By Material (Mineral Wools (Glass Wool, Stone Wool)), Foamed Plastics (Expanded Polystyrene (EPS), Extruded Polystyrene (XPS), Polyurethane (PU), Polyisocyanurate (PIR), Cellulose, Aerogels, Others), By Application (HVAC & OEM, Transportation, Packaging, Building & Construction, Others), and Regional Forecast, 2019-2026
Water Treatment Chemicals Market Size, Share & Industry Analysis, By Type (Coagulants & Flocculants, Corrosion & Scale Inhibitors, pH Adjusters & Stabilizers, Anti-foaming Agents, Biocides & Disinfectants, Others), By End-Use Industry (Municipal, Oil & gas, Mining, Power, Paper & Pulp, Food & Beverage, Others) and Regional Forecast, 2019-2026
Water and Wastewater Treatment Market Size, Share & Industry Analysis, By Segment (Chemicals {pH Conditioners, Coagulants & Flocculants, Disinfectants & Biocidal Products, Scale & Corrosion Inhibitors, Antifoam Chemicals, Other Chemicals}, Equipment {Biological, Filtration, Sludge Treatment, Disinfection, and Other Equipment}, Services), By Application, and Regional Forecast, 2019-2026
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us: Fortune Business Insights™ Pvt. Ltd. 308, Supreme Headquarters, Survey No. 36, Baner, Pune-Bangalore Highway, Pune - 411045, Maharashtra, India. Phone: US: +1 424 253 0390 UK: +44 2071 939123 APAC: +91 744 740 1245 Email: sales@fortunebusinessinsights.com Fortune Business Insights™ LinkedIn | Twitter | Blogs
Read Press Release: https://www.fortunebusinessinsights.com/press-release/activated-carbon-market-9585