Activated Carbon Market, by Type (Powdered Activated Carbon, Granulated Activated Carbon, Others), Application (Liquid Phase, Gas Phase), End Use Industry (Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, Others), Region (North America, Europe, Asia Pacific, the Middle East and Africa, South America) — Industry Trends and Forecast To 2030

The Global Activated Carbon Market was estimated to value USD 5.5 billion in 2021 and is projected to grow at a CAGR of 9.10% during the forecast period 2021 to 2030. Activated carbon finds applications in an array of industrial segments, comprising food and beverage, water treatment, personal care, and pharmaceutical sector. The increasing demand for filtrated and unadulterated freshwater mainly from developing and under developing areas of the world is anticipated to play a major role in boosting the market growth in the forecast period.

The high demand for activated carbon for water treatment application has observed a significant development over the years to come and the trend is set to continue over the forecast period. The development activities by manufacturers are focused on manufacturing of activated carbons derived from low-cost sources to reduce dependency on expensive commercial activated carbons.

The remediation of wastewater with the help of activated carbon has gained significant attention and it plays a major role in dropping the price of bio-waste disposal. Additionally, the increasing demand for activated carbon in the treatment of several pollutants comprising dyes, ions, and a range of organic pollutants is anticipated to offer a huge boost to the growth of the activated carbon market.

The boosting factors for the market are its applications in air purification and water treatment along with strict regulations associated with the removal of mercury from power plants have led to preference for products containing activated carbons. The demand for activated carbon is expected to surge on account of the increasing need for mercury control technology for industrial air purification applications.

In the years to come several manufacturing plants in the Europe and U.S., comprising clinker cement plants, coal-fired power plants, and other services operating large industrial boilers, will be required to meet strict emission standard for mercury and other hazardous air pollutants overseen by the U.S. environmental protection agency (EPA).

The EPA has set maximum achievable control technology (MACT) standards, which require sources to meet appropriate emission limits that is based on the emission levels already achieved by the best-performing services. On the other hand, the scarcity of raw materials is affecting the operational effectiveness of activated carbon producers, on account of which manufacturers have slashed their manufacturing capacities.

The surging demand for activated carbon has surged enormously due to stringent rules regarding the maintenance of air quality and on account of the growing number of industrial and municipal wastewater treatment plants.

TABLE 1: GLOBAL ACTIVATED CARBON MARKET OVERALL SNAPSHOT

TABLE 1: GLOBAL ACTIVATED CARBON MARKET OVERALL SNAPSHOT 

COVID-19 Pandemic Impact on the Global Market Growth

The activated carbon market had a moderate impact during the COVID-19 pandemic. While the demand from the food and beverage segment is anticipated to observe a gradual decline, the demand for activated carbon to manufacture activated carbon filter masks is surging in times of the pandemic.

The surging demand for personal protective equipment across the globe amid the current pandemic has observed an exponential development on account of which activated carbon filter masks are observing a rise in demand offering huge opportunities for participants operating in the market.

Market Segmentation

The global activated carbon market is segmented into type, application, end use industry, and region.

FIGURE 1: GLOBAL ACTIVATED CARBON MARKET SEGMENT OVERVIEW

FIGURE 1: GLOBAL ACTIVATED CARBON MARKET SEGMENT OVERVIEW

Analysis of the Activated Carbon Market Based on Type

The activated carbon market is classified based on type as powdered activated carbon, granulated activated carbon, and others. The powdered activated carbon segment is expected to hold the largest market share during the projected time frame, as it is added directly to process units, such as clarifiers, rapid mix basins, and gravity filters.

Furthermore, activated carbon is made in particulate form as fine granules and powders less than 1.0 mm in size with an average diameter between 0.15 mm and 0.25 mm.  The effectiveness of powdered activated carbon (PAC) in adsorbing odors and tastes depends on acceptable mixing, dosage, contact time, and the concentration and cause of the odor problem.

Powdered activated carbon is used for applications such as in wastewater treatment. The high demand for PAC is due to the adjustable dosage of PAC depending on the contaminant levels, and low initial price.

Analysis of the Activated Carbon Market Based on Application

The activated carbon market is classified based on application such as liquid phase, and gas phase. The liquid phase application holds the largest market share during the forecast period. The factors attributed to the growth of the market include growing consumption of gas masks, air conditioners, human waste treatment, sewage, purification of factory effluent gases, and desulphurization.

Additionally, the increasing demand for the product in air purification applications from commercial and domestic users is predictable to offer ample growth opportunities in the years to come. Other industries where liquid phase activated carbon is used comprises mining and electronics industries.

In the electronics industry, activated carbon is used in hard disks, mining, and supercapacitors, it is used for metal recovery. The manufacturing of supercapacitors activated carbon is used, also termed as hard disks, and electric double-layer capacitors (EDLC). The storage density of EDLCs is enhanced with the help of activated carbon.

Analysis of the Activated Carbon Market Based on End Use Industry

The activated carbon market is classified based on end use industry as water treatment, food & beverage processing, pharmaceutical & medical, automotive, air purification, and others.

The water treatment technology holds the largest share in the forecast period. On account of the high demand for water treatment technology across the globe. Additionally, companies are trying to accept effective water disposal and environment-friendly technologies will surge the demand for activated carbon market during the forecast period.

Analysis of the Activated Carbon Market Based on Region

The activated carbon market is segmented on the basis of regions as North America, the Middle East, and Africa, Europe, Asia Pacific, and South America. The Asia Pacific holds the largest market due to the easy availability of raw materials, technological advancements, and availability of manpower.

As per the statement by the World Bank, the economic giants of the Asia Pacific are Japan and China, were the world’s third, and second-largest economies as of 2020. Among these two, China holds the second-largest consumer economy of activated carbon markets across the globe after the U.S.

TABLE 2: GLOBAL ACTIVATED CARBON MARKET OVERVIEW

TABLE 2: GLOBAL ACTIVATED CARBON MARKET OVERVIEW

Key Developments in the Activated Carbon Market

  • October 2018, Osaka Gas Co., Ltd. (Japan) is association with on a project for activated carbon fibers (ACF) air purification unit in the republic of area of Indonesia. The scheme aimed to decrease nitrogen oxide (NOx), roadside air pollutants, with the help of an air purification system with activated carbon fiber (ACF) in Indonesia. The project, projected to validate the efficiency of the system and support its extensive installation, is accepted by the Japan international cooperation agency (JICA) as one of its partnership programs with the secluded sector for disseminating Japanese technologies for the economic and social development of emerging nations.
  • August 2017, Sika AG (Switzerland) in acquisition with ABC Sealants, a major Turkey-based manufacturer of adhesives. The acquirement supported the company's position in European region.
  • September 2016, Cabot Corporation (United States) introduced activated carbon product under the DARCO H2S HF brand for hydrogen sulfide removal, and odor control applications.

FIGURE 2: GLOBAL ACTIVATED CARBON MARKET (USD BILLION), 2021–2030

FIGURE 2: GLOBAL ACTIVATED CARBON MARKET (USD BILLION), 2021–2030

What Does This Report Provide?

This report provides a complete understanding of the activated carbon market from qualitative and quantitative perspectives during the forecast period. The major market drivers, challenges, restrains, and opportunities for the global market have been covered in the research report.

Market Segmentation

Type   

  • Powdered Activated Carbon
  • Granulated Activated Carbon
  • Others

Application   

  • Liquid Phase
  • Gas Phase                                

End Use Industry      

  • Water Treatment
  • Food & Beverage Processing
  • Pharmaceutical & Medical
  • Automotive
  • Air Purification
  • Others

Analysis of North American Market

  • North America, by Country
  • US.
  • Canada
  • Mexico
  • North America, by Type
  • North America, by Application
  • North America, by End Use Industry

Analysis of European Market

  • Europe, by Country
  • Germany
  • K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Europe, by Type
  • Europe, by Application
  • Europe, by End Use Industry

Analysis of Asia Pacific Market

  • Asia Pacific, by Country
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
  • Asia Pacific, by Type
  • Asia Pacific, by Application
  • Asia Pacific, by End Use Industry

Analysis of Middle East and African Market

  • Middle East and Africa, by Country
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East and Africa
  • Middle East and Africa, by Type
  • Middle East and Africa, by Application
  • Middle East and Africa, by End Use Industry

Analysis of South American Market

  • South America, by Country
  • Brazil
  • Argentina
  • Rest of South America
  • South America, by Type
  • South America, by Application
  • South America, by End Use Industry

Major Companies: The key players comprised in the research report are: Cabot Corporation (US), Osaka Gas Co., Ltd. (Japan), Kuraray Co. Ltd. (Japan), Kureha Corporation (Japan), and Haycarb Plc (Sri Lanka).

Purposes of this Report:

  • To estimate the market size for the activated carbon market on a global basis
  • To classify key segments in global market and estimate their market demand and shares
  • To assess major factors leading the dynamics of the global market with their potential gravity in the estimated time frame
  • To offer pricing analysis for the stated products

Major Questioned Answered in the Study Report:

  • What is the market size both in terms of volume and value for the activated carbon market?
  • Which are the top companies and who are the new entrance for market players that operate in the activated carbon market with a projected market share?
  • What are the future investment opportunities and pockets in the global market?
  • Impact of pandemic on the activated carbon market

 Customization:

  • By sub-categories
  • By customer-specific type, country, application, end use industry, market analysis, and overview
  • Offering estimating analysis and potential list of customers
  • Product-specific competitive analysis

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