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

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.