The global activated carbon market size in terms of volume was 2.4 million metric tons and is expected to reach 3.5 million metric tons by 2025, growing at a CAGR of 6.1% during 2020 – 2025. Activated carbon market is predicted to grow moderately due to the increasing demand for water purification, rise in the demand for mercury removal plants and increasing government subsidies and environmental standards.

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Consumers are actively increasing their seriousness with regards to their safety hazards involved with consuming impure water. So, improved management of drinking water, along with increasing demand and tightening environmental requirements and government initiatives is predicted to be the major driving factor for the global activated carbon market.

The price of raw material is considered to be very high due to the unavailability of natural resource and the changing environmental conditions have an impact on the production of raw material is considered to hamper the growth of the global activated carbon market over the forecast period.

Rise in the population and health standards are predicted to act as an opportunity for the global activated carbon market in the upcoming years due to the higher range of applications.

Asia-Pacific is predicted to have the highest growth rate over the forecast period. The APAC market is predicted to grow due to the increasing population and pollution level affecting the environment for human health.

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Some of the key players operating in the global activated carbon market are Oxbow Activated Carbon LLC, Silcarbon Aktivkohle GmbH, Kuraray Co. Ltd., Calgon Carbon Corporation, Jacobi Carbons AB, Cabot Corporation, Haycarb plc, and ADA-ES Inc.

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