Global Activated Carbon Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Activated Carbon Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global activated carbon market report has been segmented on the basis of product, application, end-use, and region.
Activated Carbon Market Overview:
The activated Carbon Market was valued at $4.8 billion in 2021 & is projected to reach $8.6 billion by 2030. It is expected to grow at a 9.4% CAGR between 2021 and 2030.
Activated carbon is also called activated charcoal which is a highly adsorbent powdered or granular carbon. It is made by carbonization and chemical activation and used chiefly for purifying by adsorption. Activated carbons are manufactured from coconut shell, peat, hard and softwood, lignite coal, bituminous coal, olive pits, and various carbonaceous materials.
Activated carbons are widely used in various industries for air purification, groundwater remediation, spill cleanup, and drinking water filtration. In addition, physical adsorption is the main property offered by activated carbon, which is used for processes such as purification, medicine, decaffeination, metal finishing, and filters.
Rising awareness regarding the consumption of clean water amongst individuals, and an increasing number of water treatment plants due to a provision of government subsidies for controlling carbon and mercury emission major factors expected to drive the growth of the global market over the forecast period.
In addition, increasing applications of activated carbon in various industries such as water and air purification, health and beverage, pharmaceutical and medical, and automotive industry is another important factor expected to fuel the growth of the target market.
Moreover, high investment in water purification plants in developing counties, especially in China and India, is expected to support the growth of this market in the near future. Moreover, the high cost of raw materials is a key factor expected to restrain the growth of the global market over the forecast period.
Rising pollution levels, technological advancements, and the development and launch of new products are some factors, which are expected to create potential revenue opportunities for players operating in the target market across the globe in the near future.
The market in the Asia Pacific dominates the global market in terms of revenue over the forecast period, owing to rapid industrialization, increasing demand for activated carbon, and government initiatives for offering subsidiaries for water and air purification plants in various countries, especially in Japan, China, and India.
The market in North America is expected to account for the highest CAGR over the forecast period, owing to stringent government regulations regarding the protection of the environment, increasing awareness regarding clean water consumption among individuals, and growing industrialization in various countries in the region.
Global Activated Carbon Market Segmentation:
Segmentation by product:
- Powdered Activated Carbon
- Granular Activated Carbon
- Others (Pelletized Activated Carbon)
Segmentation by application:
- Liquid Phase
- Gas Phase
Segmentation by End-Use:
- Water Treatment
- Food and Beverages Industry
- Pharmaceuticals and Medical
- Air Purification
- Others (Electronic, Mining, Oil and Gas, Pulp and Paper)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- ADA-ES, Inc.
- Haycarb PLC
- Kureha Corporation
- Calgon Carbon Corporation
- Jacobi Carbons AB
- MeadWestvaco Corporation
- Carbon Activated Corporation
- Cabot Corporation
- Carbon Resources LLC
- Kuraray Co. Ltd.
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