Reportstack has announced a new market research report on the Global Activated Carbon Market 2015-2019. One key trend emerging in this market is the growing importance of the APAC region. Countries such as China and India are expected to be key exporters of activated carbon. Also, the domestic consumption in the APAC region is expected to increase because of growing adoption of activated carbon for various applications. The Global Activated Carbon market is expected to post a CAGR of 10.78 percent in terms of revenue, during the forecast period of 2014-2019.
“The use of activated carbon in the Automotive and Mining industries is growing at a rapid rate,”.
“Strong demand for vehicles and the growing adoption of activated carbon in automotive air filters and carbon canisters for limiting emissions is expected to contribute to the market growth.”
To define the market conditions in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Complete report with TOC available @ Global Activated Carbon Market 2015-2019.