Pelletized Activated Carbon Market Segmentation:
Application Segment Analysis
The water & wastewater segment is slated to account for 37% share of the global pelletized activated carbon market in 2035. Moreover, it will show tremendous growth at a significant CAGR over the projected period. Shortage of fresh drinking water and the growing need for treating unhealthy water is expected to augment the segment’s growth. In 2020, 56% of home wastewater flows were properly treated globally. Furthermore, by 2030, the global state of wastewater treatment and acceleration must reach target 6.3. Moreover, 2 billion people do not have clean drinking water at home. Around 1 1.2 billion of them lack a reliable supply of safe drinking water. Rural areas are home to eight out of ten people who continue to lack access to safe drinking water. Activated carbon can remove unpleasant odors and tastes from water caused by chemicals, chlorine, algae, or their organic matter. The carbon pellets adsorb and trap these compounds, resulting in cleaner and better-tasting water.
End User Segment Analysis
In the year 2035, the automotive segment in the pelletized activated carbon market is predicted to have a major share of roughly 40%. Higher emission of polluted chemicals from the transportation sectors is the primary driving factor for the segment’s growth. Transportation GHG emissions account for approximately 29 percent of total U.S. GHG emissions, making it the greatest contributor to air pollution. Activated carbon pellets can be integrated into the emissions control systems of automobiles. They are utilized in canister filters to trap and absorb fuel vapors emitted from the fuel tank, preventing them from being released into the atmosphere and contributing to pollution.
Our in-depth analysis of the global pelletized activated carbon market includes the following segments:
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