Global Activated Carbon Market

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: November, 2024
Pages: 242 | Tables: 97 | Figures: 75

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

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FAQs

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 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.'

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.

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.

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 Activated Carbon Market will expand in part because of the low cost and easy availability of raw materials.

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Global Activated Carbon Market

Report ID: SQMIG15B2101

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