Global Activated Carbon Market Forecasted to Garner a Revenue of $9,055.1 Million at a CAGR of 8.9% during the Forecast Period, 2019-2026 - Exclusive Report [Pages-150] by Research Dive
The coronavirus pandemic has impacted the global activated carbon market in a negative way. This is because of the restrictions on the mining and other industries imposed by the governments. The market is likely to recover from the loss in the third or fourth quarter of 2022. The leading players of the market are focusing on developing strategies to revive the market growth in the post-pandemic market.
May 24, 2021 09:48 ET | Source: Research Dive Research Dive
Activated Carbon Market Research Analysis and Competitive Analysis 2020 to 2025 With Impact of Covid-19
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Activated Carbon Market Research By Key Players, Type And Application, Future Growth To 2026
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The report reviews, analyzes and projects the global Activated Carbon market for the period 2017-2026 in terms of volume in metric tons and value in US$; and the compound annual growth rates (CAGRs) projected from 2019 through to 2026 with a special focus on y-o-y growth for 2019-2020.
The highs of demand witnessed during 2017-2019 are likely to taper off in 2020 and pick up momentum sometime during 2022, which will again depend on the ground situation.
Activated carbon s outstanding capability in adsorbing a number of impurities from liquids and gases renders it to be used on an extensive basis in several applications concerning air and water purification. Additional application areas for the material include the automotive, food & beverage and medical & pharmaceutical industries, although on a limited basis. The future market for activated carbon is also likely to derive benefit from a continuous stream