#activated carbon market

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Activated Carbon Market - Forecast(2024 - 2030)

 Activated Carbon Market Overview:

According to the Centers for Disease Control and Prevention (CDC), 780 million people worldwide don’t have access to a clean water source. Furthermore, contaminated water consumption is attributable to the death of 801,000 children under 5 years of age. This is creating a dire need for water purification in which activated carbon is prevalently used as an absorbent. The absorption characteristic of activated carbon makes it useful in a gamut of applications owing to which the activated carbon market witnessed an impressive valuation of $3.560 billion as of 2018, and the demand for the same is poised to escalate at a profitable CAGR of 6.18% during the forecast period 2019-2025.

APAC houses a myriad of industries, especially in the chemical sector, and the water treatment industry is booming in the region due to the regulations enforced by the governments in countries such as China, India, Indonesia, and Malaysia. Furthermore, the rampant construction in APAC is boosting the metal recovery market in the region, which utilizes activated carbon, because it minimizes waste and the usage of chemicals and resins. APAC had the largest activated carbon market share of 40% in 2018.

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Activated Carbon Market Outlook:

Activated carbon or activated charcoal comes in various forms that include granular activated carbon, extruded activated carbon, bead activated carbon (BAC), impregnated carbon, polymer-coated carbon, and woven carbon. Major applications of activated carbon is in metal recovery, water treatment, and air treatment.

The key application for the activated carbon market players is in the water treatment industry wherein it is used in the powdered form, and the process is called powdered activated carbon treatment (PACT). Due to growing industrialization and incorporation of wastewater treatment plants for Zero Liquid Discharge (ZLD) or discharge of bilge water into the environment, the activate carbon market will observe more growth prospects. As mentioned above, activated carbon is also used as absorbent in water purification in order to acquire potable water. The application of activated carbon in water treatment industry is poised to witness a gainful CAGR of 8.95% through to 2025.

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Activated Carbon Market Growth Drivers:

· The Application of Activated Carbon in Air Purification –

According to the World Health Organization (WHO), 97% cities in the low and middle-income countries with as much as 100,000 residents fail to meet the WHO air-quality criteria, and percentage of the same in developed countries is 49%. This is leading to opportunities in the air purification sector as air purifiers are incorporated with activated carbon which absorbs air-contaminants, thereby improving the quality of air and bringing the content of particulate matter in the air to an acceptable level. The application of activated carbon in air purification is increasing revenues in the activated carbon market.

· The Application of Activated Carbon in Metal Recovery –

Carrboro is a form of activated carbon which is used in the recovery of some precious metals such as silver and gold. When gold is dissolved in the cyanide solution, the solution passes through activated carbon, and the gold is trapped in the micro-pores of activated carbon. Similar process is executed for silver recovery. The application of activate carbon in recovery of precious metals largely supports the activated carbon market.       

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Activated Carbon Market Trends –

·   In November 2018, Advanced Emissions Solutions, Inc. acquired ADA Carbon Solutions, LLC – a company that has leadership in North America activated carbon market.

·     In March 2018, Kuraray Co. Ltd. acquired Calgon Carbon Corporation and gained a prominent global presence in the activated carbon market.

The current situation water and air pollution across the globe is making companies venture into the activated carbon market, and acquisitions have become a trend. The upcoming years will witness more companies striving to expand their customer base, and therefore, there is a possibilities of more acquisitions. 

Activated Carbon Market Key Players Perspective –

The major players ahead of the curve in the activated carbon market are Haycarb PLC, Kureha Corporation, Advanced Emissions Solutions, Inc., Carbon Activated Corporation, Jacobi Carbons AB, MeadWestvaco Corporation, Carbon Resources LLC, Clarinex Group, Cabot Corporation, and Kuraray Co. Ltd.

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Activated Carbon Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the activated carbon market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The activated carbon market research report also analyses the application of activated carbon in water treatment and other applications.

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Activated Carbon Market Growth: Key Drivers and Trends Shaping the Future of Pollution Control

Activated Carbon Market Growth: Trends in Pollution Control

The activated carbon market is witnessing significant growth as industries worldwide adopt cleaner and more sustainable solutions to address pollution. Driven by stricter environmental regulations and increasing consumer demand for sustainable practices, activated carbon has become a crucial tool in controlling air and water pollution.

1. Stricter Environmental Regulations

As global concerns about air and water quality intensify, governments are imposing stricter environmental regulations. Activated carbon plays a vital role in helping industries meet these standards by removing pollutants and contaminants from air and water. This regulatory push is a key factor in the growing demand for activated carbon across industries.

2. Innovations in green activated carbon

The focus on sustainability is reshaping the activated carbon market. Innovations in green activated carbon, made from renewable materials like coconut shells and biomass, are replacing traditional non-renewable sources. This shift is not only reducing environmental impact but also offering a more sustainable alternative for pollution control.

3. Advancements in nanotechnology and carbon regeneration

Technological advancements like nanotechnology are enhancing the efficiency of activated carbon. By increasing surface area at the nanoscale, activated carbon can adsorb pollutants more effectively, particularly in industries like pharmaceuticals and air purification. Additionally, carbon regeneration technologies are reducing waste and operational costs by allowing used carbon to be reused.

4. Rising demand in emerging markets

Emerging markets, particularly in asia-pacific and latin america, are seeing rapid industrialization and urbanization, driving the demand for activated carbon. As these regions work to control pollution and implement stricter environmental standards, the demand for activated carbon solutions is expected to rise significantly.

5. Diverse applications across industries

Activated carbon is used in a wide range of industries, including water treatment, air purification, and food processing. Its ability to efficiently remove contaminants is fueling its growth across sectors, making it a key component in pollution control strategies.

Conclusion

The activated carbon market is set to grow as industries seek cleaner and more sustainable solutions to environmental challenges. Innovations in production and the increasing focus on regulatory compliance are positioning activated carbon as a vital tool in the global push for a cleaner, more sustainable future.

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Activated Carbon Filter Market: An Overview of Trends and Developments

The activated carbon filter market has become increasingly vital in recent years, driven by a heightened awareness of environmental concerns and the need for effective purification solutions. Activated carbon filters are renowned for their ability to adsorb impurities from air and water, making them essential in various sectors, including water treatment, air purification, and industrial applications. This growing market is shaped by several interrelated factors, including technological advancements, sustainability initiatives, and changing regulatory frameworks.

One of the primary drivers of growth in the activated carbon filter market is the increasing demand for clean water and air. As urbanization and industrialization progress, pollution levels have risen significantly, prompting governments and organizations to implement stricter regulations regarding air and water quality. This regulatory pressure is leading to greater investments in advanced filtration systems, particularly in industries such as municipal water treatment, manufacturing, and healthcare. The need for reliable and efficient filtration solutions has created a robust market for activated carbon filters, positioning them as a key component in addressing environmental challenges.

Technological advancements have also played a crucial role in the evolution of the activated carbon filter market. Innovations in materials science and engineering have led to the development of enhanced activated carbon products with superior adsorption capabilities. These advancements enable filters to capture a wider range of contaminants, including volatile organic compounds, heavy metals, and emerging pollutants. The incorporation of nanotechnology and other advanced materials has further improved filter performance, making activated carbon filters more effective in various applications. As research continues to evolve, the market is likely to witness even more sophisticated filtration solutions.

Sustainability has emerged as a significant focus within the activated carbon filter market. With growing awareness of environmental issues, manufacturers are increasingly seeking renewable and biodegradable materials for activated carbon production. Traditionally sourced from coal and coconut shells, there is a shift toward utilizing agricultural byproducts and other waste materials. This change not only reduces the environmental impact of production but also aligns with the circular economy principles, where waste is repurposed into valuable products. As consumers become more environmentally conscious, the demand for sustainable filtration solutions is expected to rise.

The activated carbon filter market is also experiencing a shift towards smart technology integration. The advent of the Internet of Things (IoT) has paved the way for the development of smart filtration systems equipped with sensors that monitor filter performance in real time. These systems provide users with critical information regarding air and water quality, enabling proactive maintenance and ensuring optimal efficiency. The ability to track performance and receive alerts when filters need replacement enhances the overall user experience and contributes to better environmental outcomes.

TActivated Carbon Filter Market: A Comprehensive Overview of Trends and Developmentshe activated carbon filter market is expanding into new sectors, driven by increasing concerns about indoor air quality. The rise in pollution levels and the impact of COVID-19 have heightened awareness of the need for effective air purification solutions in residential and commercial spaces. Activated carbon filters are being integrated into HVAC systems and portable air purifiers, providing effective solutions for removing harmful pollutants and improving indoor air quality. This expansion reflects the versatility of activated carbon filters and their ability to adapt to changing consumer needs.

The overall scenario of the activated carbon filter market is characterized by growth driven by regulatory pressures, technological advancements, sustainability initiatives, and the integration of smart technology. As the demand for clean air and water continues to rise, activated carbon filters are positioned as essential tools in addressing environmental challenges. The ongoing developments within this sector highlight its significance in promoting public health and ensuring a sustainable future. With continued innovation and a commitment to sustainability, the activated carbon filter market is poised for a promising trajectory in the coming years.

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Activated Carbon Market Size To Reach USD 7.33 Billion By 2030

Activated Carbon Market Growth & Trends

The global activated carbon market size is expected to reach USD 7.33 billion by 2030 to expand at a CAGR of 6.0% from 2024 to 2030 according to a new report by Grand View Research, Inc. This increase can be attributed by the need for a powdered and granular form is expected to increase as the demand for water and air purification in coal-fired plants grows and clinker cement industries.

Asia Pacific dominated the regional segment due to the growing industrialization in Japan and the developing economies. North America is another key region contributing to market growth due to stringent emission regulations in the region.

Various regulatory agencies have enacted strict environmental pollution control policies and encouraged the use in air and water treatment plants, which is expected to boost the market throughout the anticipated period. Implementation of regulations by various governments is expected to drive the product consumption in the forecast period.

The supply chain of the raw materials was drastically impacted by the COVID-19 outbreak, which further affected the production and consumption patterns globally. Powdered carbon type has dominated the product consumption since last decade. Consequently, halt in production of non-essential chemicals, ingredients or industrial products has drastically hampered demand. This resulted in negative impact on the market in 2020.

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Activated Carbon Market Report Highlights

Powdered activated carbon segment dominated the type segment as they are used in water treatment which is the major end use industry of the market

Asia Pacific witnessed the fastest growth rate due to factors like large availability of good quality coconut shell. The regional market is also driven by growing disposable income, surge in the automotive industry

Companies such as Cabot Corporation have fully integrated their processes. Raw material procuring, product preparation and distribution processes are fully integrated. The full integration strategy adopted by companies is done to offset the volatility involved in raw material procurement and to implement strict quality parameters on production

The spread of COVID-19 has negatively impacted each and every sector including chemical. The supply chain of raw materials of silicone-based adhesion market drastically impacted the production and consumption pattern

Activated Carbon Market Segmentation

Grand View Research has segmented the global activated carbon market on the basis of form, application, end use, and region

Activated Carbon Type Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

Powdered

Granular

Others

Activated Carbon Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

Liquid Phase

Gas Phase

Activated Carbon End Use Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

Water Treatment

Food & Beverage Processing

Pharmaceutical & Medical

Automotive

Air Purification

Other End Use

Activated Carbon Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Italy

Spain

Asia Pacific

China

India

Japan

South Korea

Australia

Central & South America

Brazil

Argentina

Middle East and Africa

Saudi Arabia

South Africa

List of Key Players of Activated Carbon Market

CarbPure Technologies

Boyce Carbon

Cabot Corporation

Kuraray Co.

CarboTech AC GmbH

Donau Chemie AG

Haycarb (Pvt) Ltd.

Jacobi Carbons Group

Kureha Corporation

Osaka Gas Chemicals Co., Ltd.

Evoqua Water Technologies LLC

Carbon Activated Corporation

Hangzhou Nature Technology Co., Ltd.

CarbUSA

Sorbent JSC

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/activated-carbon-market  

[industrynewsupdates]

Activated Carbon Market Trends, Business Growth, Opportunities and Forecast 2024-2030

The global activated carbon market size was estimated at USD 4.92 billion in 2023 and is projected to grow at a CAGR of 6.0% from 2024 to 2030. Activated carbon is used to purify liquids and gases in various end-use applications including municipal drinking water, food & beverage processing, and automotive among others. This is attributable to its beneficial properties such as cost effectiveness, easy removal of bad taste, color stability, and quick removal of bad odor.

Stringent regulations related to the maintenance of air quality, coupled with the rise in investments to set up municipal and industrial wastewater treatment plants worldwide, is likely to positively impact the market. They are commonly used in water treatment chemicals due to its ability to remove impurities and contaminants from water. The process of using the product in water treatment involves adsorption, which is the binding of contaminants to the surface of the carbon material.

Gather more insights about the market drivers, restrains and growth of the Activated Carbon Market

Activated Carbon Market Segmentation

Grand View Research has segmented the global activated carbon market report based on form, application, end use, and region.

Type Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Powdered

• Granular

• Others Application Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Liquid Phase

• Gas Phase

End Use Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• Water Treatment

• Food & Beverage Processing

• Pharmaceutical & Medical

• Automotive

• Air Purification

• Other End Use

Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)

• North America

• Europe

• Asia Pacific

• Central & South America

• Middle East and Africa

Browse through Grand View Research's Petrochemicals Industry Research Reports.

• The global ceramic opacifiers market was estimated at USD 1.75 billion in 2023 and is forecasted to grow at a CAGR of 5.0% from 2024 to 2030. 

• The global aliphatic hydrocarbon market size was estimated at USD 3,960 million in 2023 and is expected to grow at a CAGR of 4.8% from 2024 to 2030. 

Key Activated Carbon Company Insights

Some of the key players operating in the market include Kuraray Co., Jacobi Carbons Group, and Osaka Gas Chemicals Co., Ltd. among others.

• Kuraray Co., Ltd. produces and sells activated carbon, along with other products. Its products are categorized under plastics & polymers, fibers & textiles, chemicals/elastomers & rubber, new businesses, engineering, and medical & environment related categories. The company also has a research and development department, which comprises two research and development centers in Kurashiki and Tsukuba. The company has a significant global presence with offices in countries such as the U.S., Germany, Belgium, China, Korea, Hong Kong, and India.

• Osaka Gas Chemicals Co., Ltd. is a Japan-based company, which operates through two major business segments, namely, advanced material solutions and absorption & separation solutions. The products of the company are categorized as fine chemical materials, surface processing, resin additives, wood preservatives, industrial preservatives, and activated carbon and its products. Activated carbon products of Osaka Gas Chemicals Co., Ltd. are marketed under the brand, Shirasagi. The company has a product development center and a distribution center in Osaka, Japan. In addition, it also has a technology center in Nara, Japan.

• CarbPure Technologies, a part of Advanced Emission Solutions, Inc., is a manufacturer and supplier of high-quality activated carbon products. Its products are majorly used in water treatment applications. The company is vertically integrated to ensure a constant and reliable supply of quality products to its customer base. CarbPure Technologies also has research and development centers to introduce new instrumentation required in unique product development techniques. The products of the company are regulated and tested under the American Society for Testing and Materials (ASTM) standards. It also has various supply agreements and partnerships to ensure a constant and quick supply of its products throughout various regions.

• Carbotech is one of the leading manufacturers and suppliers of granulated, powdered, and extruded activated carbon products. Its products are used in the food & beverages industry, as well as in fluid treatment, hydrogen purification, air & gas purification, water & wastewater treatment, and carbon molecular sieve applications. The production facility of the company is located in the industrial Ruhr conurbation of Germany. Under its sustainability initiatives, Carbotech is shifting its focus from producing powdered activated carbon to granular activated carbon owing to the highly sustainable nature of the latter. The products of the company are Halal, Kosher, and ISO certified and fulfill the REACH requirements.

Key Activated Carbon Companies:

• CarbPure Technologies

• Boyce Carbon

• Cabot Corporation

• Kuraray Co.

• CarboTech AC GmbH

• Donau Chemie AG

• Haycarb (Pvt) Ltd.

• Jacobi Carbons Group

• Kureha Corporation

• Osaka Gas Chemicals Co., Ltd.

• Evoqua Water Technologies LLC

• Carbon Activated Corporation

• Hangzhou Nature Technology Co., Ltd.

• CarbUSA

• Sorbent JSC

Recent Developments

• In January 2023, Ningbo Juhua Chemical & Science Co., Ltd. awarded a contract to Technip Energies for a Activated Carbon plant with an annual capacity of 72 kilo tons in Ningbo, Zhejiang, China. This is part of the company’s initiative to expand its petrochemical new material business.

• In January 2024, Germany-based chemical manufacturer Nordmann acquired Italy-based SD Chemicals S.r.l., a distributor of raw materials catering to the cosmetics industry catering to skin care, hair care and makeup applications. This acquisition will enable Nordmann to expand its presence and enhance customer reach.

Order a free sample PDF of the Activated Carbon Market Intelligence Study, published by Grand View Research. 

[cgcarbon]

CG Carbon is a leading manufacturer and distributor of coconut shell activated carbon, dedicated to delivering superior product quality and exceptional customer service. Our mission is to advance the industry with innovative solutions for granulated activated carbon, specifically designed for the purification of water, air, and gases. Committed to fostering a healthier planet, we offer a diverse range of products to meet various needs.

Our granular activated carbon (GAC) stands out due to its retention on a 50-mesh sieve. At CG Carbon, we specialize in producing GAC from coconut shells, utilizing various techniques and activation levels to ensure our activated carbon addresses a wide array of applications.

[jmbchemicals]

What is the Demand for Activated Carbon in India?

Website: www.jmbcarbon.com

The activated carbon market in India has experienced significant growth in recent years, driven by environmental regulations, industrial expansion, and growing awareness of water and air purification. The market size reached USD 650 million in 2022 and is expected to grow at a CAGR of 12% between 2023-2028. India's industrial expansion, urbanization, and focus on environmental sustainability have driven the demand for activated carbon.

Activated carbon is widely used in water treatment and purification, air pollution control, and other sectors. It is also used in pharmaceuticals, gold mining, and food and beverage processing.

Jay Maa Bhavani Chemicals, a reputable name in the activated carbon industry, specializes in manufacturing and supplying high-quality activated carbon products. Read the whole article here.

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Activated Carbon Market Industry Size Reach to $8.4 billion by 2030 - At a CAGR of 9.8%

The report "Activated Carbon Industry Size by Type (Powdered Activated Carbon, Granular Activated Carbon), Application (Liquid Phase Application, and Gas Phase Application), End-Use Industry, Raw Material (Coal, Coconut, Wood, Peat), and Region - Global Forecast to 2030", Activated Carbon Market Industry 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 for the market.

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Browse 576 market data Tables and 59 Figures spread through 348 Pages and in-depth TOC on "Activated Carbon Market by Type (Powdered Activated Carbon, Granular Activated Carbon), Application (Liquid Phase Application, and Gas Phase Application), End-Use Industry, Raw Material (Coal, Coconut, Wood, Peat), and Region - Global Forecast to 2030"

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Powdered Activated Carbon accounted for the highest CAGR during the forecast period.

With its small particle size, powdered activated carbon boasts a large surface area and exceptional adsorption capacity, rendering it highly effective in eliminating various contaminants like organic compounds, colorants, and odors from both water and air. It finds widespread application in water treatment, wastewater treatment, food and beverage processing, and air purification tasks.

Coconut based raw material segment accounted for the second largest market during the forecast period.

A prominent type of activated carbon originates from coconut shells, significant for its abundant micropores ideal for water filtration. Sourced from renewable coconut trees with lifespans exceeding 70 years, this carbon variety exhibits increased hardness and filtration effectiveness, making it highly applicable across a wide range of water treatment scenarios. Its filtration efficiency and performance depend on various factors and carbon characteristics. Recognized for its high levels of hardness, purity, and low ash content, coconut-derived activated carbon serves as a potent adsorbent for a diverse array of contaminants.

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Gas phase application segment accounted for the highest CACR during the forecast period.

Activated carbon is vital in gas phase applications as it effectively adsorbs a wide range of pollutants and contaminants found in the air. This includes harmful gases like volatile organic compounds (VOCs), nitrogen oxides (NOx), sulfur oxides (SOx), odors, and airborne dust particles. By adsorbing these substances, activated carbon helps to purify the air, ensuring it is safe and healthy for inhalation. This makes activated carbon filters advantageous in air purification systems used in industrial, commercial, residential, and automotive settings. Activated carbon plays a significant role in mitigating emissions in exhaust systems by capturing and neutralizing harmful gases before they are released into the atmosphere. Thus, Activated carbon is essential for improving air quality, reducing pollution, and safeguarding human health in gas phase applications.

Food & beverage end-use industry is projected to be the third largest market during the forecast period.

Activated carbon finds extensive application in the food & beverage industry for purifying food ingredients and enhancing their color. Its usage spans various processes, including the removal of color from food products such as oils and other edible items. Specific applications include purifying sweeteners (fructose, glucose, and dextrose syrups), edible oils, glycerine, wine, juices, and organic and inorganic acids (such as adipic, citric, lactic, and phosphoric acids). Additionally, activated carbon is essential to the preparation of materials for beverage production, including soft and alcoholic beverages. It helps the decolorization of sugar syrup, removal of disinfecting agents from municipal water, treatment of bore-hole sources containing volatile organic compounds (VOCs), purification of carbon dioxide from fermentation processes, and adjustment of specification products like beers, wines, and spirits.

Europe is projected to be the third largest region during the forecast period.

Europe serves as a manufacturing hub for prominent pharmaceutical companies. The pharmaceutical industry in the region is primarily propelled by rising investments in research and development (R&D), significant expenditures on pharmaceuticals, and a rapidly aging population. Regulatory oversight from the European Medicines Agency (EMA) ensures adherence to stringent standards regarding drug purity and quality, thereby stimulating the demand for activated carbon within this sector.

Key players

Major companies such as Diagas Group (Japan), Kuraray Co., Ltd. (Japan), Haycarb PLC (Sri Lanka), Norit (Netherlands), Kureha Corporation (Japan), BASF SE (Germany), Albemarle Inc. (US), Ingevity (US), Iluka Resources Limited (Australia), Tronox Holdings Plc (US), Evoqua Water Technologies LLC (US) and other leading companies in this market.

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The global economy experienced heavy headwinds throughout 2019-2021, as some countries witnessed subdued growth, while others grappled with economic slowdowns. The COVID-19 pandemic has levied undue pressure across industries globally and caused a major economic crisis in the US, India, Italy, the UK, Germany, India, Japan, South Korea, the UK, and many others.

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Global Activated Carbon Market

Activated carbon, also known as activated charcoal, is a highly porous form of carbon that is commonly used in a wide range of applications due to its exceptional adsorption properties. The global activated carbon market is expected to witness significant growth over the coming years, driven by increasing demand from key end-use industries such as water treatment, air purification, and food and beverage processing.

According to a recent report published by Thinking Caps Research and Consultancy, the global activated carbon market was valued at USD 4.35 billion in 2021 and is projected to reach USD 8.2 billion by 2028, at a CAGR of 9.6% during the forecast period. The report provides a comprehensive analysis of the market, including trends, drivers, and challenges, as well as a detailed analysis of key players operating in the market.

One of the key drivers of the activated carbon market is the increasing demand for clean water and air. Activated carbon is widely used in water treatment plants to remove impurities and contaminants from drinking water. The use of activated carbon in air purification systems is also growing rapidly, as it is highly effective at removing volatile organic compounds (VOCs), which can be harmful to human health.

Another key driver of the activated carbon market is the growing demand for food and beverage processing. Activated carbon is used in the food and beverage industry to remove impurities and contaminants from raw materials, such as sugar, and to improve the taste and color of food products. The increasing demand for processed foods and beverages is expected to drive the growth of the activated carbon market in the coming years.

However, the activated carbon market also faces several challenges, such as the availability of alternative technologies and the high cost of production. The use of alternative technologies, such as membrane filtration and ion exchange, is growing rapidly in the water treatment industry, which could limit the growth of the activated carbon market in this segment. Additionally, the high cost of production could limit the adoption of activated carbon in certain applications, such as air purification.

In terms of geography, the Asia-Pacific region is expected to be the largest and fastest-growing market for activated carbon during the forecast period. The region is home to several key end-use industries, such as water treatment, air purification, and food and beverage processing, which are driving the demand for activated carbon. The increasing urbanization and industrialization in the region are also expected to drive the growth of the activated carbon market.

Some of the key players operating in the global activated carbon market include Company A, Company B, Company C, and Company D. These companies are focusing on expanding their product portfolios, increasing their production capacities, and strengthening their distribution networks to gain a competitive edge in the market.

The report also includes insights from primary research conducted with industry experts and key stakeholders, providing a more comprehensive understanding of the market dynamics and trends.

In conclusion, the global activated carbon market is expected to witness significant growth over the coming years, driven by increasing demand from key end-use industries such as water treatment, air purification, and food and beverage processing. While the market faces several challenges, such as the availability of alternative technologies and the high cost of production, the increasing demand for clean water and air is expected to continue driving the growth of the market.

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Activated Carbon Market

The global Activated Carbon Market is expected to experience significant growth in the coming years, according to a new report by DataM Intelligence. The report, titled "Activated Carbon Market Trends, Forecast, and Opportunity Analysis," predicts that the market will reach USD YY by 2023, growing at a CAGR of 5.8% during the forecast period 2023-2030.

The increased demand for water and air treatment devices is predicted to increase as water and air pollution levels rise. Demand for clean and potable water, as well as ongoing wastewater treatment, is likely to fuel market expansion in a variety of end-user industries.

Activated carbon, also known as activated charcoal, is a highly porous material with a large surface area. It is commonly used in a variety of applications, including air and water purification, food and beverage processing, pharmaceuticals, and industrial processes. Activated carbon is made by heating carbon-rich materials, such as wood, coconut shells, or coal, to high temperatures in the absence of air.

The growing demand for activated carbon in water treatment is one of the major drivers of market growth. The increasing global population, urbanization, and industrialization have led to a rise in water pollution, making water treatment a necessity. Activated carbon is an effective adsorbent that can remove impurities and contaminants from water, making it safe for consumption.

The increasing use of activated carbon in the food and beverage industry, for decolorization and removal of impurities, is also contributing to market growth.

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The rising demand for activated carbon in the pharmaceutical industry for the purification of active pharmaceutical ingredients (APIs) is expected to create significant growth opportunities for the market in the coming years. Additionally, the development of new applications for activated carbon, such as in energy storage and the automotive industry, is expected to drive market growth.

The increasing competition from alternative materials, such as zeolites and silica gels, is a challenge for the industry. Additionally, the environmental impact of activated carbon production and disposal is a growing concern, which may lead to stricter regulations in the future.

Activated Carbon Market Trends:

Activated carbon will assist energy businesses in meeting the mercury emission reduction criteria. The existing market participants are now developing the fourth generation of devices to remove mercury from flue gas even more efficiently.

Rules and regulations governing gasoline emissions from automobiles are also being tighter, necessitating the development of new products to absorb gasoline fumes. In the case of biogas, the business has created a solution that removes hydrogen sulphide and other impurities, allowing methane to be utilised to power turbines without causing harm.

Market Drivers:

The growing need for clean and pure water is expected to fuel the expansion of the activated carbon market. The feature of the product having a high surface area for adsorption that may eliminate pollutants such as taste, odour, germs, and oils imparting substances is credited to market development. Because of rising levels of water and air pollution, government officials have urged that industrial water waste be treated. Water treatment units can be installed in a variety of sectors, including paper and pulp, paints and dyes, and chemicals.

Restraints:

Nonetheless, it is projected that high raw material prices brought on by a scarcity would impede market growth.

Global Activated Carbon Market Regional Analysis:

Throughout the projection period, Asia Pacific is predicted to grow at a rapid pace. Coal is the primary source of power in Asia Pacific countries, increasing demand for activated carbon to reduce mercury emissions.

Asia Pacific emerged as the leading market across all regions due to fast industrialization and the implementation of many strict laws to address increasing environmental concerns, or legislation is projected to assist regional market growth in this area.

Moreover, mercury emissions in the Asia-Pacific region are rising, owing mostly to increased power generation in emerging countries such as China and India.

Segmentation Analysis:

The activated carbon market is categorized as follows: By type it is segmented by powdered activated carbon, granular activated carbon, and others. Powdered activated carbon is the leading activated carbon type, accounting for YY% of the market.

Powdered activated carbon is made through milling or pulverising activated carbon to generate tiny activated carbon particles with a size of less than 0.075mm.

This sort of activated carbon is used to treat small batches when partial treatment is needed, such as in hydrolyzed vegetable protein purification. In applications with high flow rates and minimal carbon dose to save money on capital. For seasonal applications such as controlling taste and odour in drinking water.

The activated carbon market is segmented by end-user into water treatment, pharmaceutical, automotive, personal care, and others. Water treatment is now the dominating segment, accounting for roughly YY% of the market.

Competitive Landscape:

Partnership and acquisition strategies will allow key players to expand their market share.

Companies profiled in the Activated Carbon Market include Osaka Gas Chemicals Co. Ltd, Kuraray Co. Ltd, Cabot Corporation, Jacobi Carbons Group, Haycarb PLC, Kureha Corporation, Donau Carbon GmbH, CarboTech AC GmbH, Silcarbon Aktivkohle GmbH, Asbury Carbons.

Cabot Company has employed many techniques to expand its worldwide footprint. These organisations service a wide range of end-user industries, which is expected to drive market expansion. Osaka Gas Chemicals Co., Ltd. employs and develops a variety of technologies to fulfil the demands of its customers.

Recent Development:

Cabot Corporation introduced the new ENERMAX 6 carbon nanotube series in March 2021. This series is intended to improve battery performance and energy density in batteries. It is also suggested that the internal resistance of the direct current of the battery cell be reduced.

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