Opportunities Abound for Activated Carbon in the Global Market Supported by Stringent Environmental Remediation Regulations
The global market for Activated Carbon is projected to reach 3.3 million metric tons by 2025 , driven by stringent environmental regulations governing water and air purification, growing demand for clean potable water across the world and rapid industrial growth of Asia and other emerging markets. Activated carbon is an ubiquitous material finding usage in a myriad of applications ranging from water treatment, air purification, to food & beverage processing, medical & pharmaceuticals production and automotive emission canisters, among others. Global market for activated carbon is driven by stringent environmental regulations concerning water and air purification, increasing in purging heavy metal residues in industrial pollutants, and the rapid industrial growth of Asia and other emerging markets. Demand for Activated carbon is expected to benefit from demand in motor vehicle emission canisters as a result of new environmental regulations and rebounding automobile product