The Global Activated Carbon market is to grow at a CAGR of 11.36 percent over the period 2012-2016. One of the key factors contributing to this market growth is the stringent regulations present for air and water purification. The Global Activated Carbon market has also been witnessing a rise in R&D activities. However, the rise in raw material price could pose a challenge to the growth of this market.
One of the main trends witnessed in the Global Activated Carbon market is the Increase in variety of applications. Activated carbon products available in the form of granules, pellets, and powder are sometimes difficult to handle. Therefore, the development and use of activated carbon cloths and fibers have gained popularity. In addition, these activated carbon cloths and fibers have other advantages in terms of cost and potential applications. Several industries are adopting them for use in solvent recovery, catalyzing reactions, point-of-use filters for air and water purification, and metal reinforcing applications. The development of activated carbon fibers, which can adsorb bacteria, has unlocked new opportunities for specialty carbon suppliers in the Pharmaceutical industry.
One of the main factors driving the market is the increase in medical and municipal waste incineration. A rapid increase in the quantity of medical and municipal waste worldwide has resulted in the increased use of activated carbon in municipal waste incineration facilities. Activated carbon is used by waste incineration facilities to adsorb volatile heavy metals and combustion products such as dioxins and furans present in the post combustion areas.
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