Activated Carbon Market

According to a new report published by Introspective Market Research, titled, “Activated Carbon Market by Raw Material, product, application, end-use: Global Opportunity Analysis and Industry Forecast, 2022–2030,” 

The activated Carbon Market Size Was Valued at USD 5.2 Billion in 2023, and is Projected to Reach USD 8.6 Billion by 2032, Growing at a CAGR of 5.7% From 2024-2032.

Activated carbon is a term that refers to activated carbon that is used in many fields, including gas and air purification and used/recyclable recycling. However, growing environmental concerns and awareness led to the development of IGV-regulated emission standards. This in turn has led some manufacturers to invest in technologies and concepts developed for product use in areas such as cleaning and air handling. It is widely used in water treatment applications including potable water, service water, potable water and domestic sewage.

The biggest hope is an increase in the demand for water treatment and sewage. So many small pores on the surface of activated carbon or charcoal is its main characteristic. If there are more pores or the surface is rougher, the surface area is greater, which increases the adsorption of the element. It is often used to treat drinking water and wastewater and in many other processes. Improvements in production technology should help boost growth.

According to the Activated Carbon Market is segmented into raw material, product, application, end-use, and region. By raw material, the market is categorized into Powdered, Granular, and Others. By product, the market is categorized into Coal, Coconut, Wood, Peat, and Others. By application, the market is categorized into Liquid Phase, and Gas Phase. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

The increase in air pollution experienced worldwide has increased the demand for air purification systems in factories and generators. In previous years, industrialization and the number of coal-fired power plants increased air pollution. Therefore, governments of various countries have decided to introduce new policies aimed at reducing pollution. Therefore, pressure has increased on end products such as carbon filters, as consumers consume them in search of cleaner air. These filters polish air pollutants as they pass through because their basic structure is powdered or granular carbon. Such filters are excellent for removing volatile organic compounds, chemicals, SOX and NOX compounds, and other hazardous gases. On the other hand, during the same period, the number of patients suffering from shortness of breath (respiratory disease) has grown enormously due to the newly created micropollution in the air. This has created a very high demand for residential filter products.

The activated carbon market is growing rapidly because activated carbon has taken its place in personal hygiene. Growing skin concerns, better personal care products, and rising consumer incomes are some of the factors expected to boost the personal care sector in the future. This leads to the consumption of activated carbon in the hygiene industry. In the next section, the comprehensive study focuses on an in-depth analysis of the Personal Care industry. The fact that the product can remove bacteria, toxins, dirt, and chemicals from the surface of the skin, reducing acne, makes it a general product preferred in health practices. In addition, activated charcoal is an excellent cleansing agent and is found in many cosmetic products because of this property. It's in hair conditioners to relieve that itch, in face masks to help get rid of the things you want to clean, and in toothpaste to whiten and get rid of flaky ends.

Global Activated Carbon Market, Segmentation

The Activated Carbon Market is segmented based on Raw Material, product, application, end-use, and region.

Product:

The packaging type segment is further classified into Powdered and granular. Among these, the Powdered activated carbon (PAC) sub-segment accounted for the highest market share in 2023. Focusing on product type, powdered activated carbon (PAC) was the largest space in the market in 2023. PAC has a high adsorption capacity, can fulfill a wide range of treatment purposes and filter most particles. Some leading players, such as Cabot Corporation, have increased activated carbon production capacity in Canada to meet PAC demand. The company announced that it will increase production capacity of powdered activated carbon by 35 million pounds per year to meet growing demand for the product from the mercury removal industry.Another rapidly developing segment is the granular activated carbon segment. This may be due to component regeneration. It is widely used in air purification and urban water purification. Major raw materials used in the production of GAC are coal and coconut shell coal.

Application:

The application segment is further classified into Liquid Phase, and Gas Phase. Among these, the Gas sub-segment is anticipated to show the fastest growth by 2032. The share of gas form in turnover was significant on average. The growing need for water purification technologies due to standards and regulations that require various industries to use these methods is the next major aspect that is expected to boost the potential market. Governments and agencies have promulgated such standards for environmental protection. These initiatives are expected to help the market during the forecast period. The main task of the gas phase is to remove airborne impurities and vapors. Major formulators in the global market include Kuraray Corporation and many others specifically for gas phase applications. Currently, in the air purification industry, activated carbon is widely used in gas masks and air conditioners. In gas phase applications, it is also used in gas separation, solvent regeneration, etc.

Region:

The Activated Carbon Market in Asia-Pacific is projected to show the fastest growth by 2032. This is because Asia and the Pacific can be considered as suitable market areas for the provision of coconut shell and AK based on coconut shell. A very active form of carbon, activated carbon, is mostly used in water and polyethylene equipment and gold mines in the region. It showed that desiccated coconuts imported from India are more desirable than coconuts from other Asia-Pacific countries because they contain more oil. Some of the main players in the market, such as Haycarb and Jacobi Carbons, import coconut shells from Asian countries; Sri Lanka, Indonesia, Philippines and India. Major players worldwide are involved in the inorganic growth of the APAC region and are continuously investing in acquisitions through joint ventures and licensing agreements.

Some of The Leading/Active Market Players Are-

• CarbPure Technologies
• Boyce Carbon
• Cabot Corporation
• Kuraray Co.
• Carbo Tech AC GmbH
• Donau Chemicals AG
• Haycarb (Pvt) Ltd.
• Jacobi Carbons Group
• Kureha Corporation
• Osaka Gas Chemicals Co., Ltd.
• Evoqua Water Technologies LLC
• Oxbow Activated Carbon LLC
• Carbon Activated Corporation
• Hangzhou Nature Technology Co., Ltd.
• Datong Coal Jinding Activated Carbon Co.
• CarbUSA, Sorbent JSC, and Other Active Players

Key Industry Developments

• In March 2023, Klaxon called out that Evoqua Water Technologies LLC bought out Bob Johnson & Associates, a Texas-based industrial water standard treatment service business from Kemco Systems to expand its operation network in North America. America.
• In October 2022, it completed the machinery check and commenced its full-scale operations in the Feluy facility in Belgium. This decision was made once the company had the opportunity to test the functionality of the reactivated carbon production facilities hence providing Calgon Carbon with a supply of activated carbon at a global level.

Key Findings of the Study 

• The activated carbon market is projected to grow from USD 5.2 billion in 2023 to USD 8.6 billion by 2032, with a CAGR of 5.7% from 2024 to 2032.
• Increasing demand for air and water purification systems, driven by environmental concerns and stringent emission standards, is a major growth driver.
• The powdered activated carbon segment holds the largest market share due to its high adsorption capacity and wide range of treatment applications.
• The Asia-Pacific region is expected to experience the fastest growth, supported by the availability of raw materials like coconut shells and high demand for water purification technologies.