Industrial, Manufacturing & Heavy Industry Market News

Activated carbon market size to reach $5.3 billion by 2020

Industrial Market Research

Global activated carbon market is expected to experience considerable growth over the forecast period owing to increasing application in major end-use industries including pharmaceuticals, water treatment, and food & beverages processing.

Global Activated Carbon Market size is likely to be valued at USD 5.3 billion by 2020; as per a new research report by Hex Research. Increase in commercial & residential waste water treatment demand owing to escalation in water prices is anticipated to drive the growth.

Growth in air filtration demand owing to rapid industrialization n countries such as China, Russia, India, Brazil and Mexico is likely to positively influence overall growth. 

Favorable regulations such as “Clean Air Mercury Rule” from EPA for lowering mercury emissions from coal-power fired industries are likely to support activated carbon market demand.