Activated Carbon Market to Reach USD 19.28 Billion by 2027 | Reports And Data

Activated Carbon Market to Reach USD 19.28 Billion by 2027 | Reports And Data

PR Newswire

NEW YORK, June 4, 2020

NEW YORK, June 4, 2020 /PRNewswire/ -- The Activated Carbon market is projected to reach USD 19.28 billion by 2027, according to a new report by Reports and Data. The market is expected to be powered by an increased prevalence of infectious pathogens, as well as increasing pollution levels in urban areas. Many of the variables projected to drive change are also improved working standards, increased disposable earnings, and enhanced health literacy. The increasing need for air and water pollution control equipment to be introduced is expected to raise the demand for air purifiers to kill airborne diseases and water treatment plants for the rise in demand for clean drinking water, especially in emerging regions. Growing understanding of health expects to make a significant contribution to growth, particularly among urban youth.

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Strict environmental conservation regulations, increasing globalization, and awareness of emissions management expect to have a positive effect on U.S. market development over the forecast period. The Environmental Protection Authority (EPA) has set Maximum Achievable Control Technology (MACT) requirements enabling producers to meet different pollution levels based on emissions standards already achieved with the best result from similar facilities.

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In the Asia-Pacific region, mercury emissions are rising, mainly due to growing power generation in emerging economies such as China and India. Coal is the crucial source of electricity in these countries, and in turn, needs activated carbon fuels to reduce mercury emissions. Also, the increasing environmental restrictions have raised the demand for activated carbon in the region due to increased emissions from the automobile sector and also due to a rise in industrial water treatment requirements.

COVID-19 Impact:

The coronavirus outbreak has created a major fright and concern with respect to the contagious diseases. As a preventive preparation, more and more common individuals and commercial sectors are incorporating technologies that can potentially mitigate the spread of the virus outbreak or execute entirely. Many consumer electronics & appliances corporations are heavily investing in their R&D and looking into ways to find electronics products that can kill the harmful bacteria and viruses in the airflow designed for both the household and commercial purposes. Many companies have already come up with product line-ups that claim to kill or remove the COVID-19.

There is also a very high demand for the N95 masks, which contain activated carbon to prevent the inhalation of the COVID-19 virus. This demand of the maks has also caused a directly proportional increase in demand for activated carbons.

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Further key findings from the report suggest

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For the purpose of this study, Reports and Data have segmented the activated carbon market on the basis of product type, application, end-users, and region:

Product Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Application Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

End-Users Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

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