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.

On the basis of type, the global activated carbon market is segmented into powdered activated carbon, granular activated carbon, and others. Among these types, the powdered activated carbon is predicted to have the highest growth rate over the forecast period in the global activated carbon market.

On the basis of application, the global activated carbon market is bifurcated into liquid phase and gaseous phase. Between these, gaseous phase is predicted to grow at the fastest rate during the forecast period, owing to the increase in demand for air stripper, soil vapor extraction, tank vent absorbers, odor control, solvent recovery, and mercury removals plants.

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On the basis of end-user, the global activated carbon market is segmented into water treatment, food & beverage processing, pharmaceutical & medical, automotive, air purification, and others. Among all the end-user, the market in the automotive sector is predicted to grow significantly over the forecast period.

Consumers are actively increasing their seriousness with regard to the 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 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.

Oxbow Activated Carbon LLC, Silcarbon Aktivkohle GmbH, Kuraray Co. Ltd., Calgon Carbon Corporation, Jacobi Carbons AB, Cabot Corporation, Haycarb plc, and ADA-ES Inc.

Source: VynZ Research