The Global Activated Carbon Market is projected to grow at a CAGR 8.16% rate during the forecast period.
Stringent Government Regulations for Emission Control, Mercury Control from Power Plants, High Demand for Clean Drinking Water, and Industrial Growth in Asia Pacific especially in ASEAN Countries propel the growth of the activated carbon market globally.
Powdered activated carbon was the fastest-growing segment in the market. Demand for powdered activated carbon in industrial applications such as pharmaceutical industry for decolorization, deodorization operations is expected to drive its demand during forecast period. The industrial growth in emerging clusters across the globe such ASEAN countries, North African Countries, and Central & Eastern European countries is expected to drive the demand for activated carbon.
Gas Phase Applications is the fastest growing application segment in the market. Use of activated carbon for air purification applications, mercury removal, hydrogen sulfide removal, chlorine removal is driving the global activated carbon market. Moreover, the growing use of hybrid and electric cars is also likely to drive the demand in the automotive application of the market.
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1. Activated Carbon Market, By Type
1.1. Powdered activated carbon
1.2. Granular activated carbon
1.3. Other activated carbon
2. Activated Carbon Market, By Application
2.1. Liquid Phase Applications
2.1.1. Water Treatment Applications
2.1.2. Foods & Beverages Applications
2.1.3. Pharmaceutical & Medical Applications
2.1.4. Other Liquid Phase Applications
2.1.5. Gaseous Phase Applications
2.1.6. Industrial
2.1.7. Automotive Applications
2.1.8. Other Gaseous Phase Applications
2. Activated Carbon Market, By Region
3.1. North America
3.2. Europe
3.3. Asia Pacific
3.4. Rest of World
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