The global activated carbon market size is expected to reach USD 16.44 Billion in 2028 and register a revenue CAGR of 8.8% over the forecast period, according to a latest report by Reports and Data. Increasing need for air purification across the world owing to rise in air pollution levels is expected to drive the market revenue growth during the forecast period. The effects of air pollution on environment causing climate change and acting as a serious threat to human health is resulting in the establishment of strict air pollution control measures. Rising number of cases related to respiratory diseases, different types of allergies, and circulatory problems are increasing the need to ensure best quality of air. Governments of several countries are establishing stringent standards in order to curb air pollution and are highly recommending activated carbon for air purification.
Leading Players– Cabot Corporation, Donau Carbon GmbH, Activated Carbon Technologies, Kuraray Co., Ltd, Osaka Gas Chemicals Co., Ltd., Haycarb PLC, ADA-ES, Inc., Albemarle Corporation, Evoqua Water Technologies LLC, and Kureha Corporation
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Some Key Highlights in the Report
Key Factors Driving the Global Materials & Chemicals Market Growth
The global materials & chemicals market revenue is primarily attributed to factors such as growth are fast-paced industrialization globally, rising demand for raw materials and chemicals in the buildings & construction, food & beverage, pharmaceutical, agriculture, textile, and pulp & paper industries, and increasing demand for essential consumer goods including packaged foods & beverages, household hygiene products, and personal care products & cosmetics. Increasing industrial applications of specialty chemicals, surge in demand for high-performance, organic agrochemicals, growing environmental awareness among consumers, growing need for eco-friendly and sustainable raw materials & chemicals, and increasing government investments in the materials & chemicals industry are other factors driving revenue growth of this market.
Key Regional Markets Covered in the Report:
Product Type Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons, 2018-2028)
Frequently Asked Questions Addressed in the Report:
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