Activated Carbon Filters Market Size to grow by USD 95 million between 2024-2028

Technavio, a leading provider of market research reports, has released its latest study on Activated Carbon Filters Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

Key Highlights:

• Market Research Overview: The industrial machinery and supplies and components market encompasses businesses involved in the manufacturing of industrial machinery, presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the global industrial machinery and supplies and components market size is determined by the consolidated revenue generated by manufacturers supplying equipment for industrial applications. Factors driving growth in this market include expanding industrial production in process and discrete industries, particularly in developing countries, leading to increased demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages. - The Activated Carbon Filters Market is experiencing significant growth, fueled by the Increased demand for products in industries for water purification. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

• Major Findings:
  • Increased demand for products in industries for water purification
  • Rising demand for safe and clean drinking water
  • Technical limitations of activated carbon products
  • Lack in availability of raw materials for production of product
• Growth Projections

The market size is estimated to grow by USD 95 million, at a CAGR of 5.52% during the forecast period. The Activated Carbon Filters market is poised for growth due to the increasing regulatory mandates for mercury emission control in industrial air purification applications. In the coming years, large manufacturing facilities, such as coal-fired power plants, cement plants, and industrial boiler systems, will be required to comply with stringent new regulations set by the US Environmental Protection Agency (EPA) and the European Commission's IPPC Directive (Directive 2008/1/EC). These regulations mandate the adoption of the Best Available Techniques (BAT) for mercury contamination control, making activated carbon filters an essential technology for industrial emissions reduction.

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• Regional Insights

The Activated Carbon Filters Market represents a significant business opportunity due to the increasing demand for water and air purification solutions. These filters, which utilize the adsorptive properties of activated carbon, effectively remove impurities and contaminants. Companies in this sector can expect steady growth, driven by expanding applications in industries such as pharmaceuticals, food and beverage, and water treatment. Businesses seeking to capitalize on this trend should focus on innovation, efficiency, and cost-effectiveness to gain a competitive edge.

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