Activated Carbon US Regulatory Changes Boost Market for Activated Carbon
Activated carbon witnesses a downright boom: Global demand is expected to increase more than 10 percent per year through 2016 to 1.9 million metric tons, a new study says. Main driver behind this growth are regulatory changes in the US, market analysts Freedonia believes.
Another major growth impetus will come from China's Twelfth Five-Year Plan (2011-2015), that seeks to improve water and air quality in the People's Republic, Freedonia states. The 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.
The Chinese demand for activated carbon is still largely dependent on administrative and legal regulations, leading to slightly lower grwoth rates 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. Also the increasing use of tap water filtration systems in Chinese households will also boost demand.
Other nations that are expected to experience rapid growth include India, that could surpass Germany to become the fourth largest market for activated carbon in 2016 (behind Japan). 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, Freedonia expects.