Fueled by Environmental Concerns, Demand for Activated Carbon to touch $50 billion by 2030
Industry Experts, Inc., has released its latest report on Activated Carbon Market , which projects the demand for the same be estimated at US$30.6 billion in 2024 and projected to reach US$49.6 billion by 2030 at a CAGR of 8.4% between the two years. Some of the factors instrumental in driving demand for Activated Carbon include growing application of this versatile material across a range of sectors, including water treatment, medical & pharmaceuticals, automotive, food & beverages and air purification, among others. Increase in concerns regarding the importance of pure water for personal, as well as industrial, uses provide further impetus for Activated Carbon, as the material is very effective in controlling synthetic organic chemicals in drinking water. Stringent rules regarding maintenance of water purity to ensure public health safety and rigorous air quality regulations aimed at reducing air pollution levels are also factors contributing to growing demand f...