According to this report, the Global Activated Carbon market accounted for $4.12 billion in 2017 and is expected to reach $14.21 billion by 2026 growing at a CAGR of 14.7% from 2017 to 2026.
Stringent Regulations on Water Purification, Increasing need of water treatment plants, rising pollution and increase in industrialization and urbanization are some of the key factors fueling the market growth. However, factors such as high price of raw material are restricting growth of market.
Amongst Application, the Water Treatment applications segment accounted for significant market share during the forecast period. Some of the areas of application of activated carbon in water treatment are aquariums, groundwater remediation, potable water etc. In order to meet severe industrial process requirements for water to be used in beverage production, energy and life sciences, activated carbon is used.
By geography, Asia Pacific led the market due to the fast industrialization in the region, together with rules aimed at safeguarding the environment. In addition, demand from countries such as Japan, India, and China are expected to be critical contributors to the overall regional market demand.
Key Topics Covered
1 Executive Summary
2 Preface 2.1 Abstract 2.2 Stake Holders 2.3 Research Scope 2.4 Research Methodology 2.5 Research Sources