Pipeline

The activated carbon category is anticipated to grow at a CAGR of 2.6% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 3.62 billion with the Asia Pacific region accounting for 51% of the overall share due to its profitable coconut shell industry. The key raw materials used in granular activated carbon production are coal and coconut shell charcoal. In terms of end-use applications, the category can be classified into - purification and treatment of air and water, power plant and landfill gas emissions, food and beverages processing, health care, automotive, and precious metal recovery. The increasing industrial and domestic applications further fuel the category expansion. For instance,     • To reduce mercury (Hg) emissions, many WTE(Waste-to-Energy) facilities have adopted a powdered injection system that has an impact on the category's expansion. • The extensive use of the substance in the mining sector, notably in the purification ...