$330 Million Activated Carbon Filters (Stainless Steel Shell, Carbon Steel Shell) Market - Global Forecast to 2025 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 8, 2020--
The “Activated Carbon Filters Market by Type (Stainless Steel Shell, Carbon Steel Shell, Others), Application (Industrial Water Pollution Treatment, Drinking Water Purification, Food & Beverage, Pharmaceutical, Others), and Region - Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The Activated Carbon Filters Market Size is Estimated to be USD 267 Million in 2020 and is Projected to Reach USD 330 Million by 2025, at a CAGR of 4.4%
The growth in the activated carbon filters market is attributed to the stringent regulation on industrial discharge to control water pollution and regulations drinking water quality standards to control water borne diseases. The market growth is also attributed to the rapid urbanization and growth in industrial, food & beverage, pharmaceutical applications. One of the emerging applications of activated carbon filters is gas separation. Activated carbon filters are used to separate components of gas through pressure swing adsorption phenomena (PSA).
However, COVID-19 has affected the activated carbon filter manufacturers due to a decline in demand and loss of growth potential in the market. One of the drawbacks of the use of activated carbon filters is the creation of a damp environment on the activated carbon bed, which promotes bacterial proliferation. This factor has limited the use of activated carbon filters, especially in pharmaceutical and food & beverage applications.
Stainless steel shell is the fastest-growing segment of the activated carbon filters market.
Stainless steel shell was the largest segment of the activated carbon filters markets globally in 2019 in terms of value. The stainless steel shell is anticipated to account for the biggest share of the overall activated carbon filters market during the forecast period. The growth of stainless steel shell activated carbon filters is attributed to its durability and less-corrosive properties. Carbon steel shell activated carbon filters are less durable because of its corrosive nature.
Industrial water pollution treatment is the largest application of the activated carbon filters market.
The industrial water pollution treatment application is expected to be the largest, and the drinking water purification application is expected to be the fastest-growing segment in the overall market. The global activated carbon filters market is mainly driven by the implementation of stringent regulations by regional governments and environmental agencies to control water pollution. Also, activated carbon filters are used to treat industrial discharge to re-use it in the manufacturing process again. Re-use of industrial discharge water and water pollution control are the two major making industrial water pollution treatment the largest application in the market.
APAC is the largest as well as the fastest-growing market for activated carbon filters market.
APAC is estimated to be the largest market for activated carbon filters in 2019. The market for this region is segmented into China, India, Japan, Malaysia, Indonesia, and the Rest of APAC. According to the World Bank, APAC is the fastest-growing region in terms of both population and economy. The region has witnessed significant growth in the past decade, accounting for over one-third of the world’s GDP. High economic growth, coupled with the increasing population, is expected to drive the region’s industrial sector. This is expected to increase the demand for activated carbon filters in water pollution treatment and water purification applications.
- Bionics Consortium Pvt. Ltd.
- Cabot Corporation
- Carbtrol Corp
- Cocarb Solution
- Condorchem Envitech
- Donau Carbon GmbH
- Ecologix Environmental Systems
- General Carbon Corporation
- Kuraray Co. Ltd.
- Lenntech B.V.
- Prominent Systems Inc.
- Puragen Activated Carbons
- Sereco S.R.L
- Silcarbon Aktivkohle GmbH
- Suez Water Technologies & Solutions
- Tigg LLC
- Veolia Water Technologies
- Water Professionals
- Westech Engineering
- Wolftechnik Filter System
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INDUSTRY KEYWORD: OTHER MANUFACTURING ENVIRONMENT STEEL CHEMICALS/PLASTICS MANUFACTURING FOOD/BEVERAGE HEALTH PHARMACEUTICAL RETAIL
SOURCE: Research and Markets
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PUB: 10/08/2020 05:26 AM/DISC: 10/08/2020 05:26 AM