World demand for activated carbon is expected to increase more than 10
percent per year through 2016 to 1.9 million metric tons.
This high rate of growth will be attributable to a number of factors, though
regulatory changes in the US will be the largest single driver. China’s
activated carbon market will also rise rapidly as the country’s Twelfth
Five-Year Plan (2011-2015) seeks to improve water and air quality in the
nation. Expanding production of edible oils, beverages, and sweeteners
will stimulate growth in much of the rest of the world, but overall demand will
rise more slowly than in the US and China. These and other trends,
including market share and product segmentation, are presented in World
Activated Carbon, a new study from The Freedonia Group, Inc.,
a Cleveland-based industry market research firm.
The activated carbon market in China will be driven by more than
regulation, and will advance at a slightly lower rate than
sales in the US. While implementation of the newest Five-Year Plan will
bolster activated carbon use, gains will also come from increasing consumption
by industry, as demand for activated carbon rises faster than the world
average. The Twelfth Five-Year Plan will also lead to greater use of
activated carbon in water treatment and in air purification. Consumption
of activated carbon at the household level in point-of-use tap water filtration
systems will also boost demand.
Several other nations will also experience rapid growth. For
instance, India is expected to surpass Germany to become the fourth largest
market for activated carbon in 2016 (behind Japan), with sales
rising on increased food and beverage manufacturing and increased levels of
water treatment. Many other nations in the Asia/Pacific region, along
with many in Central and South America, Eastern Europe and the Africa/Mideast
region, will exceed historical growth levels as industrial, water treatment and
food and beverage production markets for activated carbon grow.
The Freedonia Group is
a leading international business
research company, founded in 1985, that publishes more than 100 industry
research studies annually. This industry analysis provides an unbiased outlook
and a reliable assessment of an industry and includes product
segmentation and demand forecasts, industry trends, demand history, threats
and opportunities, competitive strategies, market share determinations and
company profiles.