According to the latest research by SkyQuest Technology, the Global Activated Carbon Market was valued at US$ 3.4 billion in 2021, and it is expected to reach a value of US$ 5.8 billion by 2028, at a CAGR of 6.2% during the forecast period of 2022 – 2028. The research provides up-to-date Global Activated Carbon market analysis of the current market landscape, latest trends, drivers, and overall market environment.
Activated carbon, often referred to as activated charcoal, is used in many industrial processes, including the cleaning of gases and air with subsequent reuse. A greater concern for and understanding the environment has led to stricter emission standards. As a result, a number of producers have made investments in novel ideas and developed technology to utilize the product, among other things, in cleaning and air treatment applications. It is being used more often to treat groundwater, drinking water, service water, and wastewater to sustain the global activated carbon market.
The major purposes of the product are adsorption of dissolved organic pollutants and elimination of tastes and odor-altering substances. The cost of purification has decreased thanks to the use of activated carbon injection (ACI) technology. These methods are mostly used in cement kilns and power plants to minimize mercury emissions in the global activated carbon market. Growing pollution as a result of product production emissions has been a significant market driver.
Read the market research report, ” Global Activated Carbon Market By Type (Powdered, Granular, and Others), By Application (Water Treatment, Air & Gas Purification, Food & Beverages, and Others), & By Region – Forecast and Analysis 2022-2028” by SkyQuest
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With a market value of USD 1.24 billion in 2020, Asia Pacific was the largest region. It is projected that it will continue to hold a monopoly over the projection period due to China and India being two of the largest users, particularly for applications requiring water treatment. The Asia-Pacific region’s rapid population increase has resulted in a spike in the need for clean, safe drinking water. The global activated carbon market will grow in part as a result of the affordable prices and convenient accessibility of raw resources.
The U.S. led the market in North America as a result of an increase in the need for applications involving water and air purification. Because of this, more people are using the product to get rid of pollutants including CO2, mercury vapors, and other harmful gases. Due to stringent laws and regulations in the global activated carbon market, as well as government efforts to safeguard the environment, there is a greater demand in Europe for applications such as water treatment, mercury absorption, and air purification. Laws that attempt to lower vehicle emissions have also had an impact on the use of activated charcoal by automakers. As a result, it is expected that the European activated carbon market would experience significant expansion.
The prominent market players are constantly adopting various innovation and growth strategies to capture more market share. The key market players are Osaka Gas Chemicals Co., Ltd. (Japan), Donau Carbon GmbH (Germany), Cabot Corporation (U.S.), CARBOTECH AC GMBH (Germany), and Kuraray Co., Ltd. (Japan) among others.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Global Activated Carbon Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.
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Report Findings
Drivers
Increasing Demand for Water Treatment Application
- Along with the growth in demand for clean, safe drinking water, so does the need for the product. The attributes of the product, in particular the high surface area accessible for adsorption that easily removes pollutants like oils, bacteria, odor- and taste-giving compounds, and chemicals, may be blamed for the market’s development. An exponentially expanding population is driving up consumer demand for freshwater, which has increased the need for water filtration devices. Due to increasing levels of water pollution, government officials were obliged to implement tough restrictions on treating industrial effluent. Because many companies, including those in the paper and pulp, chemical, and paint and dye industries, have been required to install water treatment units in their facilities, the need for charcoal to remove pollutants has skyrocketed.
Restraint
Hike in Prices Due to Raw Material Shortage
- The scarcity of several production-related raw materials, such as coconut shell charcoal, poses a threat to the market’s expansion. As a result, the cost of raw materials has gone up, with charcoal made from coconut shells experiencing the highest increase. As energy consumption has increased, so have the costs of goods manufactured from coal. Coconut demand has decreased, which has affected producers’ operating output. As a result, manufacturers have increased production capacity by 50–60%, which has increased product prices.
What does this Report Deliver?
- Market Estimation for 20+ Countries
- Activated Carbon Market demand by Region, Sub-Region, and Country
- Customization on Segments, Regions, and Company Profiles
- 100+ tables, 150+ Figures
- Global, Regional, and Country-specific Activated Carbon Market Trends
- Comprehensive Mapping of Activated Carbon Industry Parameters
- Attractive Investment Proposition in the Global Activated Carbon Industry
- Competitive Strategies Adopted by Activated Carbon Market Key Players
- Drivers, Restraints, Opportunities, Challenges, and the impact on the Activated Carbon Market Size
- Market growth rate till 2028
- Regulatory scenario, regional dynamics, and Activated Carbon market insights of leading countries in each region
- In-depth Market insights by Region and Country
- Market Segmentation Trend Analysis, Opportunities, and Growth
- Porter’s five force analysis to know the market’s condition
- Pricing Analysis and Activated Carbon Market Sales
- Parent market analysis
- Product portfolio benchmarking
SkyQuest has segmented the Global Activated Carbon Market based on Type, Application, and Region:
- Global Activated Carbon Market by Type (Revenue, USD Billion, 2021 – 2028)
- Powdered
- Granular
- Others
- Global Activated Carbon Market by Application (Revenue, USD Billion, 2021 – 2028)
- Water Treatment
- Air & Gas Purification
- Food & Beverages
- Others
- Global Activated Carbon Market By Region (Revenue, USD Billion, 2021 – 2028)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia Pacific
- Central & South America
- Brazil
- Rest of CSA
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
- North America
Key Players in the Global Activated Carbon Market
- Osaka Gas Chemicals Co., Ltd. (Japan)
- Donau Carbon GmbH (Germany)
- Cabot Corporation (U.S.)
- CARBOTECH AC GMBH (Germany)
- Kuraray Co., Ltd. (Japan)
- KUREHA CORPORATION (Japan)
- Activated Carbon Technologies (Australia)
- Silcarbon Aktivkohle GmbH (Germany)
- Ingevity (U.S.)
- Iluka Resources (Australia)
- James Cumming & Sons (Australia)
- Universal Carbons (India)
- Carbon Activated Corporation (U.S.)
- Tronox (U.S.)
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