According to the report, the global activated carbon market is projected to grow at a CAGR of 8.1% between 2024 and 2032 reaching a value of approximate USD 9.88 billion by 2032. Aided by the escalating demand across diverse industries such as water treatment, air purification, and healthcare, the market is expected to grow significantly by 2032.
Activated carbon, also known as activated charcoal, is a form of carbon processed to have small, low-volume pores that increase the surface area available for adsorption or chemical reactions. Its superior adsorption properties make it a popular choice for a multitude of applications, including water purification, air filtration, and toxin removal.
The activated carbon market growth can be attributed to the surging demand for water purification technologies. With the escalating global concerns about water pollution and the scarcity of clean drinking water, activated carbon has become indispensable in water treatment plants due to its effectiveness in removing impurities, chemicals, and odours.
Moreover, the rise in industrial emissions and growing air pollution levels have spurred the demand for air purification solutions. Activated carbon, with its exceptional capability to trap pollutants and contaminants, is extensively used in air purification systems, both in industrial and residential settings. Its effectiveness in removing volatile organic compounds (VOCs) and controlling odour further bolsters the activated carbon market demand.
The healthcare industry also contributes significantly to the demand for activated carbon. It finds applications in various medical procedures, particularly in treating overdoses and poisonings, due to its toxin-absorbing properties. Additionally, activated carbon is used in the pharmaceutical industry for purifying raw materials and as an active ingredient in certain medications.
Another factor fuelling the growth of the activated carbon market is the stringent environmental regulations being implemented worldwide. Governments and environmental agencies are increasingly focusing on reducing emissions and pollutants, which has led to the adoption of activated carbon in industrial processes for emission control and waste management.
Furthermore, the rapid urbanisation and industrialisation in emerging economies are likely to influence the activated carbon market outlook. As these economies invest in infrastructure and industrial development, the demand for activated carbon in water treatment, air purification, and industrial applications is expected to surge.
In terms of product types, the activated carbon market is segmented into powdered, granular, and other forms. Powdered activated carbon (PAC) holds a significant share of the market due to its extensive use in water treatment applications. Its fine particle size enables it to effectively remove contaminants, making it a preferred choice for municipal water treatment facilities.
Activated carbon, also known as activated charcoal, is a form of carbon processed to have small, low-volume pores that increase the surface area available for adsorption or chemical reactions. Its superior adsorption properties make it a popular choice for a multitude of applications, including water purification, air filtration, and toxin removal.
The activated carbon market growth can be attributed to the surging demand for water purification technologies. With the escalating global concerns about water pollution and the scarcity of clean drinking water, activated carbon has become indispensable in water treatment plants due to its effectiveness in removing impurities, chemicals, and odours.
Moreover, the rise in industrial emissions and growing air pollution levels have spurred the demand for air purification solutions. Activated carbon, with its exceptional capability to trap pollutants and contaminants, is extensively used in air purification systems, both in industrial and residential settings. Its effectiveness in removing volatile organic compounds (VOCs) and controlling odour further bolsters the activated carbon market demand.
The healthcare industry also contributes significantly to the demand for activated carbon. It finds applications in various medical procedures, particularly in treating overdoses and poisonings, due to its toxin-absorbing properties. Additionally, activated carbon is used in the pharmaceutical industry for purifying raw materials and as an active ingredient in certain medications.
Another factor fuelling the growth of the activated carbon market is the stringent environmental regulations being implemented worldwide. Governments and environmental agencies are increasingly focusing on reducing emissions and pollutants, which has led to the adoption of activated carbon in industrial processes for emission control and waste management.
Furthermore, the rapid urbanisation and industrialisation in emerging economies are likely to influence the activated carbon market outlook. As these economies invest in infrastructure and industrial development, the demand for activated carbon in water treatment, air purification, and industrial applications is expected to surge.
In terms of product types, the activated carbon market is segmented into powdered, granular, and other forms. Powdered activated carbon (PAC) holds a significant share of the market due to its extensive use in water treatment applications. Its fine particle size enables it to effectively remove contaminants, making it a preferred choice for municipal water treatment facilities.
Market Segmentation
The market can be divided based on type, application, feedstock, and region.Market Breakup by Type
- Powdered Activated Carbon
- Granular Activated Carbon
- Others
Market Breakup by Application
- Water Treatment
- Air Treatment
- Gold Treatment
- Respirators
- Solvency Recovery
Market Breakup by Feedstock
- Coconut Shell
- Wood/Coal
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global activated carbon market. Some of the major players explored in the report are as follows:- Kuraray Co., Ltd.
- Oxbow Activated Carbon LLC
- Haycarb (Pvt) Ltd.
- Indo German Carbons Limited (IGCL)
- Shinkwang Chem. Ind. Co., Ltd
- S.I.C.A.V. Spa
- Century Chemical Works Sdn. Bhd
- Cabot Corporation
- Osaka Gas Chemicals Co., Ltd.
- Donau Carbon GmbH
- Norit Nederland B.V.
- Carbon Activated Corporation.
- Ingevity Corporation
- Silcarbon Aktivkohle GmbH
- CPL Activated Carbons
- Eurocarb Products Limited
- Euroquarz GmbH
- Puragen LLC
- Active Carbon India Pvt. Ltd.
- Others
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Opportunities and Challenges in the Market15 Value Chain Analysis17 Price Analysis19 Key Trends and Developments in the Market
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Activated Carbon Market Analysis
9 North America Activated Carbon Market Analysis
10 Europe Activated Carbon Market Analysis
11 Asia Pacific Activated Carbon Market Analysis
12 Latin America Activated Carbon Market Analysis
13 Middle East and Africa Activated Carbon Market Analysis
14 Market Dynamics
16 Trade Data Analysis (HS Code - 380210)
18 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Kuraray Co. Ltd.
- Oxbow Activated Carbon LLC
- Haycarb (Pvt) Ltd.
- Indo German Carbons Limited (IGCL)
- Shinkwang Chem. Ind. Co. Ltd
- S.I.C.A.V Spa
- Century Chemical Works Sdn. Bhd
- Cabot Corporation
- Osaka Gas Chemicals Co. Ltd.
- Donau Carbon GmbH
- Norit Nederland B.V.
- Carbon Activated Corporation.
- Ingevity Corporation
- Silcarbon Aktivkohle GmbH
- CPL Activated Carbons
- Eurocarb Products Limited
- Euroquarz GmbH
- Puragen LLC
- Active Carbon India Pvt. Ltd. Others
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 195 |
| Published | November 2023 |
| Forecast Period | 2024 - 2032 |
| Estimated Market Value ( USD | $ 5.3 Billion |
| Forecasted Market Value ( USD | $ 9.88 Billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 19 |
