USD 5.7 billion
Activated Carbon Market Size, Share, Growth Analysis, By Type (Powdered Activated Carbon, Granular Activated Carbon), By Raw Material (Coal, Coconut), By Application (Liquid Phase Application, Gas Phase Application), By End-Use Industry, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15B2101 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
97
|Figures:
75
Activated Carbon Market Insights
Global Activated Carbon Market size was valued at USD 4.0 billion in 2022 and is poised to grow from USD 4.4 billion in 2023 to USD 9.2 billion by 2031, growing at a CAGR of 9.8% during the forecast period (2024-2031).
Activated carbon, commonly known as activated charcoal, is utilized in a variety of industrial applications, including gas and air cleansing with reuse recovery. Strict emission regulations are the result of growing environmental concerns and awareness. This has led to various producers investing in innovative concepts and creating technology for the use of the product in cleaning and air treatment applications, among others. It is increasingly employed for the treatment of wastewater as well as drinking water, service water, and groundwater.
Adsorption of dissolved organic contaminants and the removal of flavors and odor-altering chemicals are the main functions of the product. The use of activated carbon injection (ACI) technology has made the purification process more affordable. To reduce mercury emissions, these techniques are mostly utilized in cement kilns and power plants. Growing pollution as a result of emissions from product manufacturing has been a key market-driving driver in the global activated carbon market.
US Activated Carbon Market is poised to grow at a sustainable CAGR for the next forcast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Water Treatment
Fastest Growth
Water Treatment
Growth Rate
9.3% CAGR
Global Activated Carbon Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Activated Carbon Market Segmental Analysis
Global Activated Carbon Market is segmented by Type, Raw Material, Application, End user and region. Based on Type, the market is segmented into Powdered Activated Carbon, Granular Activated Carbon, Other Types. Based on Raw Material, the market is segmented into Coal, Coconut, Wood, Peat, Other Raw Materials. Based on Application, the market is segmented into Liquid Phase Application, Gas Phase Application. Based on end user, the market is segmented into Water Treatment, Food & Beverages, Pharmaceutical & Medical, Automotive, Industrial, Other End-use Industries. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Activated Carbon Market Analysis by Deployment Type
Due to the increasing demand for the product from several end-use industries, including water treatment and air & gas filtration, granulated activated carbon (GAC) is the dominating category. GAC can effectively remove impurities from liquids, air, and gases because its particle size is significantly greater than that of powder. GAC is used in the food and beverage sector to purge sweets, syrups, drinks, amino acids, and organic acids of contaminants including odor and color. In order to remove oil, industrial contaminants, heavy metals, and pesticides from wastewater, it is also employed. The granulated form's rising popularity can also be attributed to its simplicity in regeneration and reusability, which promotes global activated carbon market expansion.
Global Activated Carbon Market Share By Applicatione, 2021 (%)
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Activated Carbon Market Regional Insights
Asia Pacific led the market in 2020, with a value of USD 1.24 billion. Due to China and India being two of the major consumers, particularly for applications involving water treatment, it is anticipated to maintain its dominance during the projection period. The need for pure and safe drinkable water has surged as a result of the exponential population growth in the Asia-Pacific region. The market will expand in part because of the low cost and easy availability of raw materials.
Due to a rise in the demand for applications involving water and air purification, the U.S. dominated the market in North America. The usage of the product for eliminating pollutants including CO2, mercury vapors, and other dangerous gases has increased as a result of regulations the government has placed on the disposal of industrial effluent and gas emissions.
In Europe, the need for applications including water treatment, mercury absorption, and air purification has increased due to strict regulations and norms, as well as government attempts to protect the environment. The usage of activated charcoal by automakers has also been affected by laws, which aim to reduce emissions from cars. The European global activated carbon market is predicted to benefit from many growth prospects as a result.
Global Activated Carbon Market By Geography, 2021 - 2028
- Largest
- Fastest
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Activated Carbon Market Dynamics
Activated Carbon Market Driver
Increasing Demand for Water Treatment Application
- The demand for the product is expanding along with the demand for clean, safe drinking water. The characteristics of the product, particularly the high surface area accessible for adsorption that readily eliminates contaminants including oils, microorganisms, odor- and taste-giving substances, and chemicals, may be credited for the global activated carbon market's expansion. High consumer demand for freshwater is being driven by an exponentially growing population, which has raised the need for water filtration systems. Government officials have been forced to enact strict laws on handling industrial wastewater due to rising levels of water contamination. As a result, the need for charcoal to remove pollutants has increased as several businesses, including paper & pulp, chemicals, and paints & dyes, have been ordered to add water treatment units into their facilities.
- Impurities found in industrial and municipal wastewater are categorized into various pollutant groups (including dissolved and undissolved substances, easily degradable organic substances, persistent organic substances, plant nutrients, heavy metals, and salts). The goal of sewage treatment is to remove these undesirable impurities and return the water to its original quality. Typically, contaminants are pre-cleaned using different treatment techniques like flocculation, sedimentation, and/or biological treatment. The most challenging impurities, like pharmaceutical micro-pollutants, are typically removed using activated carbon in the final processing step. It is used for a variety of purposes, including the elimination of organic-chemicals and colorants, the reduction of trace chemicals and pharmaceuticals, and the reduction of residual COD.
Activated Carbon Market Restraint
Hike in Prices Due to Raw Material Shortage
- The shortage of certain raw materials utilized in production, such as coconut shell charcoal, is a risk factor in the global activated carbon market's growth. As a result, the price of raw materials has increased, with coconut shell charcoal seeing the biggest increase. Prices of products made from coal have gone up as a result of rising energy demands. The decrease in demand for coconuts has had an impact on producers' operational output, which has prompted manufacturers to expand production capacity by 50% to 60%, leading to a rise in product prices.
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Activated Carbon Market Competitive Landscape
High levels of competition are a result of the market's large number of multinational players. These businesses eagerly anticipate spending money on R&D to differentiate their products. Governments and businesses are working to promote the product's use in the main end-use industries. Activated carbon market growth is anticipated to be aided by all of these factors over the upcoming forecast period.
Cabot Corporation is one of the businesses that has completely integrated their processes. The processes for obtaining raw materials, making products, and distributing them are all completely integrated. Companies use a full integration strategy to reduce the risk associated with sourcing raw materials and to impose stringent quality standards on production.
Activated Carbon Market Top Player's Company Profiles
- 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)
- Jacobi Carbons Group
- Donau Carbon Gmbh
- Silcarbon Aktivkohle Gmbh
- Carbotech
- Activated Carbon Technologies Pty Ltd.
- Carbon Activated Corporation
- Boyce Carbon
- Universal Carbons (India)
- Shinkwang Chemical Industry Co., Ltd.
Activated Carbon Market Recent Developments
- In November 2021, the sale of Cabot Corporation's Purification Solutions division, which includes the activated carbon division, to One Equity Partners, was announced. The transaction is anticipated to close by the end of the first quarter of 2022.
- In March 2021, The ENERMAX 6 carbon nanotube series, which helps improve battery performance at lower loadings and enables increased energy density of the battery, was introduced by Cabot Corporation. When compared to earlier CNT products, this CNT loading also reduces the battery cell's internal direct current resistance. Making the electrodes' conductivity comparable also lowers the overall loading of conductive carbon additives.
- In February 2021, following the extensive debottlenecking and equipment modifications finished and validated in late December at its factory in Zhuhai, China, Ingevity Corporation declared that it has increased its capacity to produce activated carbon in the global activated carbon market.
Activated Carbon Key Market Trends
- Activated carbon has a strong adsorption potential for a range of molecules, including odorous chemicals and carcinogenic contaminants, making it a great choice for air and gas cleaning. It delivers clean, non-hazardous air by removing dangerous contaminants from the air streams in applications including personal safety and residential air purification. The product is also used to separate hydrogen from biogas and treat biogas. By protecting downstream machineries like engines, catalysts, and fuel cells from corrosive silicon dioxide and enhancing production yields, reduces manufacturing costs.
Activated Carbon Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Activated Carbon Market Analysis, government rules that are strict on reducing flue gas emissions have driven end-user businesses to include water treatment technology. These elements are anticipated to drive the market for activated carbon. It is projected that as mercury control technology is used in industrial air purification applications, the need for activated carbon will increase.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 4.0 billion |
| Market size value in 2031 | USD 9.2 billion |
| Growth Rate | 9.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Activated Carbon Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Activated Carbon Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Activated Carbon Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Activated Carbon Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Activated Carbon Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Activated Carbon Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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