According to a research report titled ‘Global Activated Carbon Market 2019-2028’, available with Market Study Report, global activated carbon market is projected to register compound annual growth rates of 7.75% and 6.27% by revenue and volume respectively, over 2019-2028.
 

As per the report findings, rising demand for activated carbon from water purification sector, and its applications in mercury pollution control are primarily driving the market growth. Furthermore, mounting demand from pharmaceutical & medical sectors, coupled with opportunities in food and beverage industry are touted to ensure an upward growth trajectory for global activated carbon market in the upcoming years.
 

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Despite the positive industry outlook, fluctuations in prices of raw materials, and increasing demand for cost management are likely to impede the overall industry outlook.
 

Moreover, strong competition among market players, coupled with threat of alternatives like supersand and silica is expected to challenge the market development.
 

Based on raw material type, global activated carbon market is arrayed into wood, coal, coconut shell, and others. By product type, the industry is classified into powdered, pellet, granular and others. Among these, demand for granular and powdered activated carbon segments is anticipated to rise substantially over the study duration. Moving on to application, the industry segmentation comprises air purification, mining, water treatment, food and beverage, automotive, pharmaceutical & medical and others.
 

On the regional front, Asia-Pacific market currently accounts for a major portion of the industry share and is expected to register a remarkable growth rate over the forecast period. This can be ascribed to factors such as mounting demand for activated carbon for various end-use applications, presence of low-cost vendors, rising standards for pollution control, and rapid industrialization in emerging economies such as China and India.
 

Major contenders in global activated carbon market sphere are CarboTech AC GmbH, Puragen LLC, Veolia Water Technologies, Osaka Gas Co. Ltd., Kureha Corp., Kuraray Co. Ltd., Jacobi Carbons AB, Haycarb PLC, Evoqua Water Technologies LLC, Calgon Carbon Corp., Cabot Corp., Boyce Activated Carbon, Albemarle Corp., and Advanced Emissions Solutions Inc.