PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485845
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485845
Pelletized Activated Carbon Market size was valued at USD 5,232.12 million in 2023, expanding at a CAGR of 5.6% from 2024 to 2032.
Pelletized activated carbon is a type of activated carbon that has been processed into small, cylindrical pellets. Activated carbon is a highly porous form of carbon with a large surface area, which makes it effective for adsorbing various impurities from liquids and gases. The global demand for pelletized activated carbon for applications such as water treatment, chemicals, food and beverage, automotive, and others is responsible for the market's expansion. Significant price increases have been caused by the limited supply of raw materials and the growing demand for activated carbon black. Because of this, manufacturers are always searching for methods to streamline their workflows and lessen their need for pricey raw materials to stay profitable.
Pelletized Activated Carbon Market- Market Dynamics
Increase in Usage of Activated Carbon in Water & Wastewater Treatment
Activated carbon is highly effective in removing various contaminants from water, including organic compounds, volatile organic compounds (VOCs), chlorine, pesticides, pharmaceuticals, and odors. Stringent environmental regulations and water quality standards have led industries and municipalities to seek reliable and efficient water treatment solutions. For Instance, the National Bamboo Mission, which has been reorganized, is principally concerned with creating a seamless value chain within the bamboo industry to connect producers and buyers. The NBM includes provisions for growing bamboo plantations and setting up facilities for government agencies and private business owners to extract bioenergy, produce activated carbon products, and make charcoal, pellets, and ethanol gasifiers, among other things. As environmental concerns continue to grow, activated carbon is expected to remain a cornerstone of water treatment strategies worldwide.
Pelletized Activated Carbon Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.6% over the forecast period (2024-2032)
Based on raw material segmentation, coal was predicted to show maximum market share in the year 2023
Based on application segmentation, water treatment was the leading type in 2023
Based on end-user segmentation, the chemical industry was the leading type in 2023
Based on region, Asia Pacific was the leading revenue generator in 2023
The Global Pelletized Activated Carbon Market is segmented based on Raw Material, Application, End-User, Phase, and Region.
The market is divided into seven categories based on material: Coal, Wood, Coconut shell, Lignite, Bamboo, Paddy husk, and Others. Activated carbon is produced by heating coal to a high temperature while adding an activator. Common uses for this activated carbon product include air cleaning, water treatment, and a variety of industrial uses. Chlorine, volatile organic compounds, taste, and odor compounds can all be effectively removed from water using activated carbon based on coal.
The market is divided into five categories based on application: Water treatment, Air purification and treatment, Industrial processes, Mercury removal, and Others. Water treatment form held a dominant revenue share in the industry. One important aspect that is anticipated to support the market is the growing demand for water treatment techniques as a consequence of standards and laws for enterprises to use these methods. To protect the environment, governments and agencies have released these standards. Throughout the projected period, these initiatives are expected to benefit the market.
Pelletized Activated Carbon Market- Geographical Insights
The global market for activated carbon saw a higher revenue share in Asia Pacific. The ease of obtaining raw materials and the expansion of development strategies to meet the demand for activated carbon are the main causes of this region's growth. Due to the sizeable and economically significant food and beverage industry in China, as well as the growing usage of activated carbon in this sector, China and India are the primary drivers of market expansion in the area. Due to strict laws and regulations, government programs to protect the environment, and rising environmental concerns, North America had a sizable market share during the anticipated period.
Major players such as Carbotech AC GmbH, Ada Carbon Solutions LLC, Carbon Resources LLC, Clarinex Group, MeadWestvaco Corporation, Cabot Corporation, Carbon Activated Corporation, Siemens Water Technologies Corp, Carbotech, and Calgon Carbon Corporation. Calgon Carbon is one of the leading producers of activated carbon globally, offering a wide range of products, including pelletized activated carbon, for various applications such as water purification, air filtration, and industrial processes. Additionally, regional players also collaborate with market players. For instance, In October 2022, Due to ongoing cost increases, Calgon Carbon Corporation announced a worldwide price increase on all activated carbon goods, services, and associated machinery. Customers should expect an increase of between 5% and 10%, depending on the particular product, the type of raw material, the services rendered, and the dynamics of the worldwide market.
In October 2023, a Leading supplier of powder-activated carbon and a division of Advanced Emissions Solutions, ADA Carbon Solutions, invested $251 million expansion of its Red River Parish production site. A new, unique method that transforms purified coal waste into granular activated carbon for use in soil and groundwater pollutant remediation
In May 2024, Organic Recycling Systems Limited (ORS) introduced GAC- 01, the latest addition to its innovative product line under the brand name Alpha Carbon. GAC-01 represents innovation in water treatment filtration media, offering a biomass-based activated carbon granule crafted from a variety of discarded biomass feedstocks, notably coconut shells.
GLOBAL PELLETIZED ACTIVATED CARBON MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Calgon Carbon Corporation
Ada Carbon Solutions LLC.
Carbotech
Siemens Water Technologies Corp
Cabot Corporation
Carbon activated Corporation
Meadwestvaco Corporation
Carbon Resources LLC.
Clarinex Group
Carbotech AC GmbH
Kureha Corporation
Oxbow Activated Carbon LLC
Hangzhou Nature Technology Co., Ltd.
Boyce Carbon
Others