Activated Carbon Market Share

APAC Market Forecast

The Asia Pacific activated carbon market is projected to hold the largest market share of 38% by the end of 2037. The market's expansion is mostly attributable to increased vehicle production and sales volume supported by the expanding automotive sector. A significant factor anticipated to boost regional market expansion during the forecast period is the necessity for government controls on industrial water treatment due to rising levels of water pollution. In 2019, 387 districts in India were contaminated by Nitrate, thereby being the prime contaminant source. As per Niti Aayog, overall, 70 percent of the freshwater sources in the country were found to be contaminated and India ranks 120 out of 122 countries in terms of water quality.

North America Market Statistics

North America is predicted to see substantial expansion with a 25% market share owing to the increasing demand for water treatment services. In addition, the region's demand for activated carbon is projected to increase as the EPA and the US government put more pressure on the industry to cut mercury emissions.