According to the research report titled ‘GLOBAL Activated Carbon Market 2019-2028’, available with Market Study Report, global activated carbon market is predicted to expand with a 7.75% CAGR and 6.27% CAGR in terms of revenue and volume respectively through 2028.
 

Growing demand for the technology from water purification sector is one of the key factors driving the growth of global activated carbon market. This technology is widely adopted in mercury pollution control as well.
 

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Rising adoption of activated carbon solutions in pharmaceutical and medical sectors are favoring the overall market scenario. However, fluctuating prices of raw materials and high management cost could potentially act as a restraining factor to the expansion of global activated carbon market.
 

Regionally, Asia-Pacific currently accounts for the largest market share and is likely to continue with its dominance in the ensuing years.
 

Growing demand for activated carbon solutions from various applications, high concentration of low-cost vendors, and rapid industrialization, especially in India and China, are favoring the regional market outlook. Focus towards environmental conservation and reduce pollution levels are also providing lucrative growth avenues for the industry participants in Asia-Pacific.
 

The competitive landscape of global activated carbon market is defined by companies such as Puragen LLC, Veolia Water, Osaka Gas Co. Ltd., Kureha Corporation, Kuraray Co. Ltd., Jacobi Carbons AB, Haycarb plc, Evoqua Water Technologies LLC, CarboTech AC GmbH, Calgon Carbon Corporation, Cabot Corporation, Boyce Carbon, Albemarle Corporation, and Advanced Emissions Solutions Inc. among others.