Activated Carbon Market is projected to grow at a CAGR of 7.5%

activated carbon market

The global activated carbon market is anticipated to grow at a compound annual growth rate (CAGR) of 7.5% between 2024 and 2029.

The material has an extensive internal surface area as a consequence of which is it has many pores and hence is responsible for absorbing a variety of substances from liquids as well as gasses by possessing the pore. Because activated carbon has adsorption qualities, it can be used to remove hazardous materials and gases from flue gas, natural and industrial wastewater streams, etc. The product’s main applications include decaffeination, gold purification, metal extraction, gas purification, and air filtration systems. Moreover, powdered activated carbon is not reactivable once used and is often difficult to extract from water treatment reservoirs. Consequently, the market cannot expand due to activated carbon’s limitations as a filter.

Furthermore, the need for sewage and water treatment applications is driving up demand, which is predicted to continue growing. Of all the activated carbon types, it has the most tiny holes on its surface. These materials’ surface area increases as the number of holes increases, improving their adsorption capabilities. Typically, sewage treatment plants need this type of charcoal to clean their waste products or to purify their drinking water. It is anticipated that improvements in manufacturing technology will accelerate industrial growth.

Moreover, large manufacturing sectors generate large amounts of wastewater. There are so many harmful compounds in this water; they range from natural compounds like those that occur in plants, through man-made products or wastes which do not decompose themselves easily under natural conditions down to some elements and their compounds such as copper salts or lead oxides. For this reason, an affected person may need pure water for instance someone who had drunk untreated polluted water had some other substances dissolved out and got dehydrated as a challenge otherwise he could die due to thirst due to excessive vomiting caused by such conditions. Similarly, population explosion coupled with increased cases of environmental degradation necessitates more demand for clean water. For example, according to UNESCO, agriculture accounts for about 70% of freshwater withdrawals worldwide; industry follows at less than 20%, and residential or municipal uses account for about 12%.

The activated carbon market, by product type, is divided into three types- Powdered activated carbons (PAC), granular activated carbons (GAC), and extruded or pelletized activated carbon. PAC can remove a variety of particles, has a high adsorption capacity, and can meet a wide range of treatment objectives. Businesses such as Cabot Corporation doubled their capacity to produce activated carbon in Canada in order to meet the growing demand for PAC. The company declared that in order to meet the substantial demand for the product from the coal-fired utility sector for the removal of mercury, it would increase its production capacity of PAC by 35 million pounds annually.

Granular activated carbon is a rapidly growing market as well. This is because of its regeneration. GAC is extensively used in municipal air and water treatment facilities. The two main raw materials used in the production of GAC are coconut shell charcoal and coal.

The activated carbon market, by application, is divided into five types- Gas purification, water purification, metal extraction, medicine, and other applications. The main function of the gas phase is air filtration. Kuraray Corporation is one of the main formulators of the product for gas phase applications, among others. Products for air purification, like gas masks and air conditioners, frequently contain activated carbon. In addition, the product finds application in gas phase applications such as solvent recovery and gas separation.

The activated carbon market, by end-user industry, is divided into six types- Water treatment, food and beverage, pharmaceutical, automotive, industrial processing, and other end-user industries. The use of water treatment technology is expanding worldwide. Numerous businesses throughout the world are creating and innovating new technologies for recycling treated water. Regulations requiring businesses to use environmentally friendly materials and effective water disposal methods are expected to support the market going forward.

Moreover, the market is anticipated to benefit from growing adsorbent applications in the food and beverage processing sector. Activated carbon comes with a number of benefits, including the ability to quickly and eliminate unpleasant smells, eliminate unpleasant tastes with ease, and maintain colour stability over time. Because of these benefits, food and beverage processing uses activated carbon extensively.

The Asia Pacific region is expected to witness significant growth in the activated carbon market during the forecasted period. This is due to the fact that the Asia Pacific region offers favorable prices for both coconut shells and AC made from them. In the area, activated carbon is primarily utilized for applications related to gold mining and water purification. Due to their higher oil content, Indian dry coconuts are favored over coconuts from other Asia-Pacific nations. The Philippines, India, Indonesia, Sri Lanka, and other Asian nations are the suppliers of coconut shells to a number of significant market players, including Haycarb and Jacobi Carbons.

The research includes several key players from the activated carbon market, such as Arq, Inc., Albemarle Corporation, Cabot Corporation, CarboTech, Carbon Activated Corporation, CarbUSA, CPL Activated Carbons, Donau Chemie AG, Evoqua Water Technologies LLC, Haycarb PLC., Ingevity, JACOBI CARBONS GROUP, KURARAY CO., LTD, KUREHA CORPORATION, and Universal Carbons (India).

View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/activated-carbon-market

The analytics report categorizes the activated carbon market using the following criteria:

  • By Product type
    • Powdered Activated Carbons (PAC) 
    • Granular Activated Carbons (GAC) 
    • Extruded or Pelletized Activated Carbon
  • By Application
    • Gas Purification
    • Water Purification
    • Metal Extraction
    • Medicine
    • Other Applications
  • By End-user Industry
    • Water Treatment
    • Food and Beverage
    • Pharmaceutical
    • Automotive
    • Industrial Processing
    • Other End-user Industries
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Rest of the Middle East and Africa
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Rest of Asia-Pacific