Global Activated Carbon Market to Reach $6.2 billion by 2022
Regulations related to water and air pollution across the world have a major role to play in influencing demand for activated carbon.
Industry Experts has unveiled the new market research report on activated carbon. The new report ‘Activated Carbon — A Global Market Overview’ reveals that the Water Treatment consumes the largest amounts of activated carbons among all other end-use sectors. Water Treatment is estimated to account for about 824 thousand metric tons in 2016 valued at US$1.3 billion. Air Purification projected to be the fastest growing end-use sector during the analysis period 2016-2022 with a CAGR of 10.4% and expected to touch 1.2 million metric tons valued at US$2.4 billion by 2022 while Water Treatment is witnessing slightly slower growth with a CAGR of 10.3% for the same analysis period.
Worldwide market for Activated Carbon product segments explored in this study includes Granular Activated Carbon, Powdered Activated Carbon and Other Activated Carbons. The report also analyzes the key applications of Activated Carbon comprising Gas Phase applications and Liquid Phase applications while discussing the major end-use sector markets covering Air Purification, Automotive Canisters, Food & Beverages, Medical & Pharmaceutical, Water Treatment and Others. The global markets for the above mentioned product types, application areas and end-use sectors are analyzed in terms of both in metric tons and USD.
For more details, please visit http://industry-experts.com/verticals/chemicals-and-materials/activated-carbon-a-global-market-overview