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

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.