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Stock impact report

Activated Carbon Market worth $8.4 billion by 2030 - Exclusive Report by MarketsandMarkets™ [Yahoo! Finance]

Ingevity Corporation (NGVT) 
Last ingevity corporation earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.ingevity.com
Company Research Source: Yahoo! Finance
Phase Application, and Gas Phase Application), End-Use Industry, Raw Material (Coal, Coconut, Wood, Peat), and Region - Global Forecast to 2030" , Activated Carbon Market size is projected to grow from USD 4.4 billion in 2023 to USD 8.4 billion by 2030, at a CAGR of 9.8% during the forecast period. The increasing global population and improving living standards contribute to a heightened demand for clean air and water. Hence, there is a rise in the purification of both air and water, which drives the activated carbon market during the forecast period. Additionally, factors such as the growing food and beverage industry, recovery of the automotive sector, and strict government regulations further propel the market for activated carbon. However, the market faces challenges due to the scarcity of raw materials, leading to price hikes. The reactivation of activated carbon presents lucrative opportunities for producers in the industry. Weak economic growth remains a significant challenge Show less Read more
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