South America Activated Carbon Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Pelletized and Others, Granular, and Powdered) and Application (Water Treatment, Food and Beverages, Pharmaceuticals, Automotive, and Others)
The activated carbon market in South America is expected to grow from US$ 124.66 million in 2021 to US$ 212.63 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028.
Mercury emissions are hazardous to the environment and human health as they are released from coal-fired power plants. Many countries in the region have set regulations against the amounts of toxins released from these power plants. Owing to Global Mercury Partnership, regulations and policies in advanced countries have been intensified. In developing countries, regulatory or legislative frameworks on mercury are not specifically established; however, mercury management is designed to prevent harmful emissions. Advanced control technologies, including hardware and software, reduce mercury emissions. Activated carbon is one of the most prominent hardware parts used in these technologies to filter air. The growing need for air purification is driving the demand for activated carbon in the region. The efforts taken to limit mercury emissions in various industries are driving the consumption of activated carbon in South America.
South America Activated Carbon Market Revenue and Forecast to 2028 (US$ Million)
South America Activated Carbon Market Segmentation
The South America activated carbon market segmented by type, application, and country. Based on type, the South America activated carbon market is segmented into granular, powdered, and pelletized and others. In 2020, the powdered segment accounted for the largest revenue share. Based on application, the South America activated carbon market is segmented into water treatment, food and beverages, pharmaceuticals, automotive, and others. In 2020, the water treatment segment accounted for the largest revenue share. Similarly, based on country, the market is segmented into Brazil, Argentina, and the rest of South America. Brazil contributed a substantial share in 2020. Albemarle Corporation; CABOT CORPORATION; CALGON CARBON CORPORATION; and KURARAY CO., LTD. are among the leading companies in the South America activated carbon market
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