Global Activated Carbon Market By Type, By Application, By End-Use, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

Activated Carbon Market Overview:

The Activated Carbon Market size is expected to be worth around USD 4,489.53 million by 2031 from USD 3,301 million in 2021, growing at a CAGR of 4% during the forecast period 2021 to 2031.

The key growth driver is anticipated to increase demand for major wastewater treatment applications. Activated charcoal is distinguished by its small pores. These pores increase activated carbon’s surface area, which, in turn, increases its adsorption capability. It is often used for filtration in potable water systems and sewage treatment plants. This market report gives an overview of the Activated Carbon market report, growth, size, and other key factors.

Global Activated Carbon Market Analysis:

Type Analysis

According to product type, the powdered activated Carbon (PAC) market was dominant. PAC can remove a variety of particulates and has a high adsorption ability. Cabot Corporation increased its activated-carbon production capacity in Canada by doubling it to meet the increasing demand for PAC. To adequately meet the demand for the product by the mercury removal industry. In 2021, the granular activated Carbon (GAC) market was worth a lot. This is due to its ability to regenerate. GAC is heavily used for municipal water treatment plants and air treatment. GAC is made from coconut shell charcoal and coal.

Form Analysis

Market growth is expected to be aided by the growing demand for water treatment technologies. This is due to industry standards and regulations requiring them to do so. To protect the environment, standards have been set by governments and agencies. These measures are anticipated to benefit the market over the forecast period. The main focus of the gas phase is air purification. Kuraray Corporation, one of the main formulators for gas-phase products, is just one example. The activated carbon material is used extensively in the purification of air. The product can be used for gas separation, solvent extraction, and many other purposes. The second largest revenue contributor worldwide is the liquid phase. Companies must adopt eco-friendly water treatment methods due to growing environmental concerns. Evoqua Technologies offers granular activated charcoal for liquid phase applications, including water treatment under the brand AquaCarb.

End Use Analysis

Water treatment technology has been gaining popularity all over the world. Many companies are constantly innovating and developing new technologies to improve water treatment. Markets will be helped by the adoption of efficient water disposal practices and the use of environment-friendly compounds. Globally, air purification was the second-largest revenue generator in 2021. This is due to increasing demand for air-conditioners and air filters in both commercial and domestic settings. The market will be supported by technological advances, increasing disposable income, and rising affordability for fresher air.

Market growth is expected to be aided by the rising demand for adsorbent products in the food & drink and processing industries. Activated Carbon offers several advantages, including cost-effective, fast, complete, and complete elimination of unpleasant odors, long-term color stability, and easy removal of bad taste. These are the advantages that activated carbon offers to the food and beverage industry.

Key Market Segments:

By Type

• Granular Activated Carbon
• Powdered Activated Carbon
• Other Types

By Application

• Gas Phase
• Liquid Phase

By End-Use

• Air Purification
• Food & Beverage Processing
• Water Treatment
• Pharmaceutical & Medical
• Other End-Uses

Market Dynamics:

Growth is expected to increase even further with the latest manufacturing technologies. The main raw materials for the product’s production are coconut shells, resin, and wood. High carbon yields are achieved when a large amount of raw material is used. A large supply-demand mismatch has led to a huge rise in raw material prices.

Every major sector has been affected by the COVID-19 epidemic. The virus spread quickly in the major world economies. These measures had adverse effects on all major economies. All manufacturing and industrial units were affected, adversely affecting the supply chain. China, India, and Canada were key countries that saw a decline in demand. However, there has been steady growth in global demand due to the opening of different industries. The raw materials used will determine how pure the product type is. GACs made from wood contain calcium, while those made from coal contain iron.

Additionally, coconut-based has 3-5% ash, while wood has 4-7% ash. Wood-based products contain more macropors/meso than coal or coconut shell products. The water treatment industry was the largest end-use industry. Activated carbon has the ability to remove particulate, dissolved, and other pollutants. It removes contaminants from water and chlorine. It can be used to purify the air and remove hazardous gases, odors, and harmful dust particles from greenhouses and manufacturing plants. This product is also used in the automotive, food and beverage, pharmaceutical, and medical industries.

Regional Analysis:

With a market share of 52%, the Asia Pacific region dominated this market in 2021. Asia Pacific is a market well-suited for purchasing coconut shell-based AC or coconut shells. Activated Carbon is commonly used for water purification and gold mining. The oil content of dry coconuts from India is higher than that of coconuts from other countries in the Asia Pacific. Jacobi Carbons and Haycarb are two major market players that source coconut shells directly from Asian countries like Sri Lanka, Indonesia, and the Philippines.

North America is the second largest market share, after the Asia Pacific. Market growth is driven by rising automobile demand and a rising number of geriatrics. Environmental concerns and environmental issues are also key. PAC applications will rapidly rise, while gas phase applications should experience a similar industry trend.

A detailed analysis of key regions is given below, including North America, Europe, Asia- Pacific, South America, Middle East & Africa, and Major countries.

Key Regions and Countries covered in thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

There is a lot of competition due to the many multinational players on the market. These companies want to invest in research to improve their product differentiation. Both governments and companies are trying to encourage the use of the product in the key end-use sectors. These factors will benefit the activated-carbon market growth over the next forecast period. Cabot Corporation, for example, has integrated all aspects of its business processes. All aspects of raw material procurement, product prep, and distribution are integrated. Major Companies use a complete integration strategy to reduce volatility in raw materials procurement and ensure high-quality production.

The major key players in this industry include CarbPure Technologies, Cabot Corporation, Boyce Carbon, Donau Carbon GmbH, Osaka Gas Chemicals Co, and other key companies.

Маrkеt Кеу Рlауеrѕ:

• CarbPure Technologies
• Cabot Corporation
• Boyce Carbon
• Jacobi Carbons Group
• CarboTech AC GmbH
• Kuraray Co.
• Haycarb (Pvt) Ltd.
• Donau Chemie AG
• Kureha Corporation
• Donau Carbon GmbH
• Calgon Carbon Corporation
• Carbon Activated Corporation
• Albemarle Corporation
• Osaka Gas Chemicals Co
• Silcarbon Aktivkohle GmbH
• Other Key Players

These are the activated carbon manufacturers globally.

For the Activated Carbon Market research study, the following years have been considered to estimate the market size: