Activated Carbon Market
industry. Gas phase application of activated carbon is seen in sectors of industries and automotive. The activated carbon market is diversified into regions such as North America, Asia- Pacific, Europe and Rest of the World.
Global Activated Carbon Market: Growth Factors
There has been a rising demand for activated carbon for water phase and gas phase applications, especially in industrial facilities. There is a rise in demand in the U. S. market for activated carbon. Advancement in technology, growing awareness about health and growing capability of people to obtain medical services are some of the key factors escalating the growth of activated carbon market globally. In addition, growth in the activated carbon market may be witnessed due to the new demand for mercury control technology, mercury, and its derivatives being hazardous in nature. Availability of raw materials may be restricted due to environmental factors, which may cause the hike in prices. This may have a negative influence on the activated carbon market.
Global Activated Carbon Market: Regional Analysis
The Asia Pacific region is the dominating region in the activated carbon market globally. It is followed by North America, Europe and other regions such as Latin America, the Middle East, and Africa. The market hold of activated carbon is very strong in the U. S. Asian countries are one of the chief exporters of activated carbon in the U. S. market. The U. S. is presumed to lead the regional demand ahead of Canada and Mexico. A steady growth is also anticipated in countries such as Japan, China, and India, which are predicted to lead the regional demand in future.