The Europe Wood Activated Carbon Market size is expected to reach USD 62.7 million by 2028, registering a CAGR of 7.1% over the forecast period, according to a new report by Grand View Research, Inc. Growing concerns regarding water quality are expected to drive the market. With the alarming rate of adverse effects of contaminated water on human health, there is a proportionate increase in demand for wastewater treatment technologies in Europe.
Almost 70.0% of the wastewater generated goes for
treatment in Europe. In Russian Federation, the volume of wastewater treatment
is about 14 cubic kilometers annually. The retreated water is predominantly
used for agricultural irrigation and environmental applications. Moreover,
increasing water scarcity due to increased urbanization and population
explosion are creating the demand for wood activated carbon in wastewater
applications.
Major industry participants are investing in research
and development. Due to fierce industry rivalry, there has been an increased
effort by companies to achieve high product differentiation. Government and
companies are taking efforts to encourage the use of activated
carbon within key end-use industries. All these factors are expected to
benefit the market over the forecast period.
Related Press Release@ Europe Wood Activated Carbon Market Report
Europe Wood Activated Carbon
Market Report Highlights
- The powdered segment dominated the market due to its high
adsorption capacity and ability to fulfill broad treatment objectives and
remove a range of particulates
- The water and air filtration application segment is expected to
witness substantial growth over the forecast period owing to its ability
to absorb toxins, viruses, bacteria, fungus, drugs, and chemicals found in
water and air
- In France, the market is expected to witness substantial growth
over the forecast period owing to the presence of major cosmetic
manufacturers in the country. France is a prominent manufacturer as well
as an exporter of cosmetic products
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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