Scienza e Tecnologia
Activated Carbon Market to be Worth $4.45 Billion by 2030: Grand View Research, Inc.
Asia Pacific region dominated the regional segment due to the growing industrialization in Japan and the developing economies. It was valued at USD 1,055.46 million in 2021 and is estimated to grow by registering a CAGR of 3.3% by 2030. Furthermore, North America is another key region contributing to the market growth due to stringent emission regulations in the region. It is estimated to reach USD 481.84 million by 2030, registering a CAGR of 0.2% during the forecast period.
Various regulatory agencies have enacted strict environmental pollution control policies and encouraged the use of activated carbon in air and water treatment plants, which is expected to boost the market throughout the anticipated period. Implementation of regulations by various governments is expected to drive product consumption during the forecasted period.
Globally, the COVID-19 pandemic negatively impacted the supply chain of activated carbon raw materials. This, in turn, impacted global production and consumption patterns. Powdered activated carbon type has dominated product consumption for the last decade. Consequently, a halt in the production of non-essential chemicals, ingredients, or industrial products has drastically hampered the demand for starting materials such as activated carbon. This resulted in a negative impact on the market in 2020.
Grand View Research has segmented the global activated carbon market report based on type, application, end-use, and region:
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco , the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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