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

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.