The Global Activated Carbon Market is expected to cross USD 5.2 Billion Mark by 2022 growing over the CAGR of 12% during the period 2016 to 2022.
Over the past few years, the global market has seen a substantial growth due to increasing demand of Activated Carbon. This has resulted into a higher growth rate at the end of forecasted period. As per the market analysis, different factors have created boom in the global activated carbon market are rising application segment, rapid industrialization in Asia-Pacific, increasing government subsidies.
Key Players:
The key players of activated carbon market report include:
“Asia-Pacific is projected to be the Largest Market during the Forecast Period”
Geographically, Asia-Pacific is expected to be the largest market for Activated Carbon accounting more than 43% of the total market. However, the emerging market such as China, where the rapid industrialization has become a major driving factor. Along with this, the increasing demand of activated carbon from the application segment and government support and subsidies have been a major growing factors which has fueled the demand for activated carbon in the regional market. Followed by this North America is expected to be the second ruling region and Europe would be the third ruling region.
The scope of the study categorizes the activated carbon market as type and application.
• By Type
o Powdered activated carbon o Granular activated carbon o Extruded activated carbon o Bead activated carbon o Others
• By Application
o Industrial o Medical o Electrical o Water Treatment o Food & Beverage o Automotive o Others
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