Activated Carbon Market
In response to escalating global concerns over clean water accessibility, the activated carbon market is experiencing robust growth, driven primarily by increasing demands in water treatment industries worldwide. Carbon Activated Corp., a prominent player in this sector, exemplifies this trend with its extensive range of industrial and municipal groundwater filter systems in the United States, alongside VOC/siloxane removal systems deployed across European biogas engines.
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Global Water Stress Increases Demand
The World Health Organization (WHO) underscores the severity of the situation, reporting that more than 2 billion people reside in water-stressed regions as of 2020, a figure projected to worsen due to climate change and population growth. Alarmingly, approximately 2 billion individuals globally consume water contaminated with faecal matter, posing significant health risks primarily due to microbial contamination.
Current Water Access and Challenges
As of 2020, WHO estimates reveal that 5.8 billion people enjoyed access to properly managed drinking water services, ensuring availability of improved on-premises sources free from contaminants. However, significant challenges persist, with 2 billion people lacking access to safely managed services, including those dependent on unprotected wells, springs, and untreated surface water.
Diverse End-Use Industries Drive Growth
Granulated activated carbon (GAC) emerges as the fastest-growing segment within the activated carbon market, buoyed by strong demand across multiple industries such as water treatment, air purification, and gas filtration. GAC's larger particle size enables effective removal of pollutants from liquids, air, and gases, supporting applications ranging from food and beverage processing to wastewater treatment.
Asia Pacific Leads Market Expansion
Asia Pacific stands as the largest consumer of activated carbon globally, driven notably by robust demand for coconut shell-based products used extensively in water purification and industrial applications. Countries like China and India play pivotal roles, leveraging local resources like coconut shells to meet escalating demands in pharmaceuticals, automotive, and industrial processing sectors.
Competitive Landscape and Future Prospects
The market's competitive landscape witnesses dynamic activities such as product launches and strategic partnerships aimed at expanding operational capacities and market presence. For instance, Veolia's recent expansion in Japan underscores the company's commitment to enhancing water treatment capabilities through strategic concessions and operational upgrades.
Innovative Strategies and Expansion Plans
Reflecting industry innovation, Calgon Carbon Corporation's significant investment in a new production line underscores the company's proactive stance in meeting escalating market demands. This expansion initiative, expected to be completed by late 2022, aims to bolster the company's granular activated carbon production capacity substantially.