Activated Carbon for Mercury Control Market in Flue Gas

Market Insights

Activated carbon is a major source of curbing pollution being released in the form of flue gas from coal-based applications. Coal-based power plants remain one of the major sources of flue gas globally, along with emissions from coal-fired generators, cement kilns, industrial boilers, natural gas burning, waste incinerators, and steel mills. These emissions pose serious environmental concerns due to the toxicity and persistence of mercury, which creates air pollution and accumulates in waterways. In response to these concerns, the government is imposing various stringent regulations for pollution control across the world, which is expected to be the key growth driver for the activated carbon for mercury control market during the forecast period.

Due to the COVID-19 outbreak, the activated carbon for mercury control end-use industries faced issues such as delays in receiving raw materials, especially from China. Also, the shipments' orders were heavily affected due to the non-availability of vessels, blank sailing, and import restrictions. The global pandemic of Coronavirus 2019 (Covid-19) not only caused infections and deaths but also wreaked havoc on the global economy. The slowdown in the mining sector, along with shut-down production, brought additional future capital costs for re-opening mine sites. This had a negative impact on the overall market. Activated carbon for mercury control in the flue gas market could not escape these challenges and witnessed a decline in 2020. This compelled all major industry players to realign their strategies in order to maintain liquidity to face current market challenges and meet future demand.

The industry registered a steep recovery from 2022 onward. The market for activated carbon for mercury control in flue gas is likely to grow at a healthy 16.25% CAGR over the next five years to reach an estimated value of US$ 14.2 billion in 2028.

Segments' Analysis

Application Type

The activated carbon for mercury control market is segmented into coal burning, gold mining, cement production, ferrous & non-ferrous metals, oil & gas burning, oil refining, and others. The gold mining segment is expected to remain the largest and dominate the market during the forecast period as gold mining operations often involve the use of mercury in the extraction process, especially in small-scale or artisanal mining. Mercury is used to separate gold from ore, but it poses significant environmental and health risks. Activated carbon is commonly employed to capture and remove mercury from mining wastewater or emissions. As gold mining continues to be a significant industry globally, the demand for activated carbon for mercury control in this segment remains high. Growth in the economies is further expected to drive market growth during the forecast period. 

Regional Analysis

Asia-Pacific is expected to remain the largest market for activated carbon for mercury control in flue gas during the forecast period. Countries like China, India, Japan, and South Korea have witnessed rapid industrialization, leading to increased coal-fired power generation and industrial emissions. These emissions contain mercury, making the region a major market for activated carbon for mercury control in flue gas.

The activated carbon for mercury control market in the flue gas market is segmented into the following categories:

By Application Type

• Coal Burning (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Gold Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cement Production (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Ferrous & Non-Ferrous Metals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Oil and Gas Burning (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Oil Refining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
• Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Key Players

The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the activated carbon for mercury control market in flue gas market:

• Advanced Emissions Solutions, Inc.
• American Resources Corporation
• Alstom SA
• Carbotech GmbH
• Evoqua Water Technologies
• Haycarb Plc

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s activated carbon for mercury control market in flue gas realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.

The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for existing and new players
• Key success factors

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Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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