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The global activated carbon market is anticipated to grow with a CAGR of ~9% over the forecast period, i.e., 2023-2033. The market is segmented by raw material into coal, coconut shell, wood based. Among these segments, the coa based segment is anticipated to garner the largest revenue by the end of 2033 on the back of rising portable drinking water demand and high impurities absorption capacity of carbon due to more surface area with microspores and mesopores.
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