South Korea Activated Carbon Market

Synopsis
The above chart is South Korea Activated Carbon Market Outlook (2018 to 2032)

Market Dynamics

south korea has a rapidly growing activated carbon market that is poised to experience rapid growth across the asia-pacific region in the forecast period of 2018-2032. the market is estimated to be driven by the rapidly increasing demand for air and water purification, along with increasing government efforts to promote green technologies. south korea is one of the most urbanised countries in asia, and the need for purification of air and water resources has seen many companies including the government taking up the responsibility of providing quality activated carbon solutions to the public. this is keeping in tandem with the latest development of green initiatives, which is encouraging the use of eco-friendly solutions, such as activated carbon, in industries. several industries such as petrochemical, food & beverage, water treatment, pharmaceuticals and environmental protection have seen rapid growth in south korea and are the main consumers of activated carbon. the high production of industrial gases such as sox, nox, cox, etc., is further expected to augment the growth of the activated carbon market in the region. the government of south korea has also been actively involved in promoting and subsidising the usage of activated carbon across industries, in a bid to reduce environmental pollution and energy consumption. this initiative has resulted in many companies initiating eco-friendly practices, such as using activated carbon to co-fire coal and other valued derived fuels in generating sets, to produce energy. the availability of innovative activated carbon solutions in the market, such as carbon blocks, activated carbon filters and sheets with superior filtration quality, is further expected to propel the demand for activated carbon in the future. in conclusion, the outlook for the south korea activated carbon market looks very bright, the government initiatives and the rapidly increasing demand for air and water services, is expected to help the market exceed expectations in the outlook period of 2018-2032.