Decline in Demand of Activated Carbon Market to Hinder Revenue Growth During the Forecast Period : FactMR

Estimates that global investments in advanced water and sewer systems will reach US$ 75 billion per year in 2025. Therefore, wastewater facilities must be engineered to cope with fluctuating flows. On the back of these trends, demand for activated carbon wastewater management is gaining momentum. According to the UN University Institute for Water, Environment and Health, out of the 75% of wastewater treated, just 3.8% of that water is actually used. Therefore, significant growth opportunities lie in this regard.

The COVID-19 pandemic is further expected to heighten growth prospects, owing to rising demand for activated carbon based air purifiers across hospitals, commercial and homecare settings, in addition to personal protective equipment.

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Key Segments Covered in Activated Carbon Industry Research

• By Product

  • Powdered Activated Carbon
  • Granular Activated Carbon
  • Pelletized Activated Carbon
  • Extruded Activated Carbon

• By Phase

  • Liquid Phase
  • Gas Phase

• By End Use

  • Activated Carbon in Water Treatment
  • Activated Carbon for Food Applications
  • Activated Carbon for Pharmaceutical & Medical Applications
  • Activated Carbon for Automotive Applications
  • Activated Carbon for Air Purification Applications
  • Activated Carbon for Gas Purification
  • Activated Carbon for Supercapacitor Applications
  • Activated Carbon for Metal Extraction
  • Activated Carbon in Industrial Processing

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Key Takeaways from Market Study

• The market is expected to expand at a CAGR of 5% across the assessment period of 2021 to 2031.
• Europe and North America to collectively generate 44% revenue share by 2031.
• Powdered activated carbon accounted for 51% revenue share of the market in 2020.
• Air purification to emerge as a poignant application area, recording over 3% CAGR through 2031.
• The market in Asia Pacific to reach a valuation of US$ 1.7 Bn by 2031-end.

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Find More Valuable Insights on Activated Carbon Market

In its recent report, Fact.MR provides a comprehensive, unbiased analysis of the activated carbon market, incorporating historical demand analysis (2015-2019) and forecast data for the period 2020-2030. The study provides essential insights into the market on the basis of raw material (coal based, coconut shell based, wood based & others), form (powdered, granular/crushed, extruded/pelletized & others (spherical, etc.)) and application (water & wastewater treatment, air purification, food & beverages, industrial chemicals, pharmaceuticals, automotive, mining & others) across five major regions.

For More Insights: https://www.globenewswire.com/en/news-release/2019/01/30/1707597/0/en/Manufacturers-of-Fumed-Silica-Resort-to-Value-Added-Production-with-Reduced-Time-Span-Finds-Fact-MR.html