Activated Carbon Market size was valued at USD 5.1 billion in 2021 and is expected to reach USD 13.1 billion by 2028, at a CAGR of 16.20% during the forecast period 2022-2028. Some of the key factors fostering the market growth include increasing demand in water treatment, conformance to stringent environmental regulations in water treatment applications, research, and new product development, pollution control activities leading the demand for activated carbon, and technological advancements in manufacturing of activated carbon. However, lack of raw materials supply, presence of substitutes, and weak economic conditions are hampering the market growth. This report studies market dynamics elaborately to identify the current trends & drivers, future opportunities, and possible challenges to the key stakeholders operating in the market. In addition, This report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).