Mercury is a corrosive and toxic material present in the liquid and gas streams. Controlling and removing mercury is a vital process that takes place through the process of adsorption. Amongst different products used for mercury removal, activated carbon physically reacts and holds the particles. This process provides high level of purity, which makes activated carbon a popular product in mercury control. According to the experts, the global activated carbon for mercury control market is expected to witness growth at a steady CAGR over the next few years. As a result, key players in the market are also looking for business development opportunities across the emerging marketplaces. Technological advancements are also expected to drive the growth in this market during near future.
Segmentation in the Market
In order to understand the growth trends and revenue forecasts, the researchers segment activated carbon for mercury control market on the basis of its basic components. These components include various types of applications of activated carbon and its demand from different geographic regions. The types of applications in the market include primary production of non-ferrous metals, primary production of ferrous metals, coal burning, cement and gold production, gold production, oil refining and oil and natural gas burning. Basic geographic regions in this market are categorized into Europe, North America, Asia Pacific and rest of the world. Major countries in the market include US, UK, Mexico, Germany, Canada, Japan, China, Spain, France, India, Brazil, South Korea, Brazil, etc.
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Market Drivers, Restraints and Forecasts
According to the researchers, the global activated carbon for mercury control market is expected to grow at a steady rate from 2014 to 2019. Rise in the gold mining across the Asian countries like Indonesia is expected to provide business opportunities to the key players in this market. Apart from that, coal-fired plants across India and China are also expected to create business opportunities for the industry players. Stringent rules and regulations and effective cost and adaptability of activated carbon are also some of the major driving factors. As per the researchers, the major restraining factors for the market include supply constraints and lack of standardization of the products as per the regulations. Lack of commitment amongst towards mercury emission control is also a major issue in the market.
As per the latest research reports, the global activated carbon for mercury market is expected to grow at a healthy CAGR of over 19% from 2014 to 2019. At the estimated growth rate, the market is poised to become worth $12,193.72million by the end of the year 2019.
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