Pelletized Activated Carbon Market - Regional Analysis
APAC Market Insights
Asia Pacific industry is set to dominate majority revenue share of 36% by 2035. The growth of the market can be attributed majorly to the rising air pollution in the region, followed by government initiatives to control air pollution. India is one of the most polluted countries in the world, with 21 of the world's 30 cities having the worst air pollution. The capital, New Delhi, has the worst air quality of any capital city in the world. Particulate matter (PM2.5) levels in New Delhi are nearly ten folds higher than the standards fixed by WHO. Furthermore, India has launched an aggressive National Clean Air Programme to reduce airborne particulate matter by around 30% by the end of 2024.
North American Market Insights
The pelletized activated carbon market in North America is expected to hold a significant market share of around 24% by the end of 2035. The growth of the market can be attributed to rising practices of water and wastewater treatment. More than 238 million people are served by an estimated 14,748 publicly owned treatment works (POTWs) for wastewater collection, treatment, and disposal. Moreover, California recycled more than 1.5 million acre-feet per year by 2020, with lofty targets of increasing water recycling to 2.5 million acre-feet per year by 2030.
