Activated carbon is a varied adsorptive material (means a substance that absorbs another) which can be produced from a number of organic and carbon-rich sources, such as coal, wood, and coconut husks.
Activated Carbon’s property of physical absorption is used in process such as purification, decaffeination, metal finishing, medicines, and filtration for removal of pollutant and fuel storage. The liquid and gaseous phase of activated carbon intensifies uses in lead removal process, disintegrated radon, more odor-causing compounds and mercury.
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The use of activated carbon is prominent in the industrial sector including chemical, petrochemical, food & beverages, pharmaceuticals, mining, and automotive industries for a number of applications like, air purifier, water treatments, decolorization, soluable purification, and odor abolition etc.
It is expected that the benefits that are offered by the activated carbon sector will drive the activated carbon sector worldwide.
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Regional Growth in the Activated Carbon Industry
The Allied Market Research Report has stated that, the Global Activated Carbon Market will boost up to collect 2,776 kilo tons and $5,129 million by 2022, by registering a CAGR of 6.8% and 9.3% during the forecasted period 2016 - 2020.
Increasing industrialization and urbanization is a major factor leads to increase in activated carbon sector. The government is also providing subsidies to focus on keeping the environment healthy with safe water and air for living beings. Industries such as power generation industries to control pollution are included in this governmental initiative.
According to a global market report of 2017, the fastest-growing market for activated carbon industry, in term of value and volume is the Asia-Pacific region.
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The factors that are responsible for growth in the activated carbon market in Asia-pacific region include the following:-
- Increase in investments by several companies (especially in automotive sector),
- Growth in the shift of production facilities for the emerging economies of the region,
- And, the strong industrial base
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Will it be profitable?
According to Activated Carbon Manufacturing Business report (2019), India has exported a total of 89,467 tons of activated carbon of 1,236.64 crores till March. Hence, we can say that Activated Carbon Manufacturing business has the potential to be called an innovative and profitable business idea.
Major Manufacturers of Activated Carbon Industry (in global market) has been listed below;
· Calgon Carbon Corporation (U.S)
· Osaka Gas Co. Ltd (Japan)
· Cabot Corporation (U.S)
· Haycarb Plc. (Sri Lanka)
· Kuraray Chemical Co. Ltd (Japan)
· KUREHA CORPORATION(Japan)
· Donau Carbon GmbH(Germany)
· Silcarbon Aktivkohle GmbH(Germany)
· And Oxbow Activated Carbon LLC (U.S)
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According to Activated Carbon Market Research Report, the activated carbon market was valued near 1,666 kiloton in the year of 2020, and the market is expected to register a CAGR of over 3% during the forecast period i.e. 2021-2026.
Fig: Activated carbon market revenue share % (end-user industry global 2020)
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Reasons of Growth
The major driving factors for the growth in the Activated Carbon Industry are as follows:
- Increase in the need of water treatment plants due to water scarcity and arising pollution
- Strict environmental regulations to control carbon and pollutant emissions
- Increase in industrialization and urbanization
- Government initiatives of keeping the environment healthy
- Supply of safe water and air for all living beings
- High concerns about health issues among people
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Conclusion
Niir Project Consultancy Services (NPCS) provide detailed project reports, Books, Business Plan for Manufacturing Plant, Start-up Ideas, and Business Ideas for Entrepreneurs, etc. You can also get the detailed project report on “How to start Activated Carbon Industry”. All the given project reports are based on reliable data and analysis of market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements.
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