PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515533
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515533
Supercapacitor Activated Carbon Market size was valued at USD 178.12 million in 2023, expanding at a CAGR of 13.5% from 2024 to 2032.
The Supercapacitor Activated Carbon Market involves the production and application of activated carbon materials used in supercapacitors, which are energy storage devices known for their high-power density and rapid charge/discharge capabilities. The market is propelled by rising demand for energy-efficient and high-performance energy storage solutions across consumer electronics, electric vehicles, and renewable energy systems, driven by advancements in supercapacitor technology and increased adoption of electric vehicles, alongside the necessity for efficient energy storage in grid applications. However, the high cost of production and limited availability of high-quality raw materials pose significant restraints. Market opportunities include the growing focus on sustainable energy solutions and the integration of supercapacitors in emerging technologies such as electric vehicles and smart grids, which are expected to drive future demand.
Supercapacitor Activated Carbon Market- Market Dynamics
Rising Electric Vehicle Adoption Fuels Supercapacitor Activated Carbon Market Growth
The supercapacitor-activated carbon Market is experiencing significant growth driven by the increasing adoption of electric vehicles (EVs) worldwide. According to the International Energy Agency (IEA), global electric car sales surpassed 5 million units in 2020, marking a significant milestone in the adoption of electric vehicles worldwide. Supercapacitors, utilizing activated carbon electrodes, play a crucial role in enhancing the efficiency and performance of EV energy storage systems, contributing to longer battery life and quicker charging times. Moreover, governments are incentivizing EV adoption through subsidies and infrastructure development, further boosting the demand for supercapacitors. This trend underscores the pivotal role of supercapacitor-activated carbon in supporting the global shift towards electric mobility and sustainable energy solutions.
Supercapacitor 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 13.5% over the forecast period (2024-2032)
Based on product type segmentation, Coal-Based Activated Carbon was predicted to show maximum market share in the year 2023
Based on Surface Area segmentation, High Surface Area was the leading type in 2023
Based on Particle Size segmentation, Granular Activated Carbon was the leading type in 2023
On the basis of region, Asia-Pacific was the leading revenue generator in 2023
The Global Supercapacitor Activated Carbon Market is segmented on the basis of Product Type, Surface Area, Particle Size, Application, and Region.
The market is divided into three categories based on product type: Coconut Shell Activated Carbon, Coal-Based Activated Carbon, and Pitch-Based Activated Carbon. Coconut Shell Activated Carbon, known for its high pore volume and excellent adsorption properties; Coal-Based Activated Carbon, valued for its widespread availability and cost-effectiveness; and Pitch-Based Activated Carbon, prized for its high purity and specialized applications in industries requiring precise filtration capabilities.
The market is divided into two categories based on Surface Area: High Surface Area (> 2000 m2/g), Medium Surface Area (1000-2000 m2/g), and Low Surface Area (< 1000 m2/g). High Surface Area, leads the market and is known for its exceptional adsorption capacity in environmental and industrial applications; Medium Surface Area is valued for versatile adsorption and purification tasks; and Low Surface Area is suitable for specialized applications requiring controlled adsorption properties.
Supercapacitor Activated Carbon Market- Geographical Insights
The Asia-Pacific region has emerged as the dominant player in the supercapacitor-activated carbon market, leading with the largest market share in 2021. This growth is driven by increasing automotive production and the expansion of the electronics industry in countries like China and India. The rising demand for supercapacitors in automotive applications, coupled with supportive government policies, contributes significantly to this rapid expansion. In contrast, North America and Europe are experiencing steady growth. The adoption of supercapacitors in renewable energy storage, industrial automation, and consumer electronics fuels growth in these regions. Meanwhile, the markets in the Middle East, Africa, and South America are smaller and growing at a slower rate due to ongoing industrial and infrastructural development. However, as these regions progress in industrialization and modernization efforts, the demand for supercapacitor-activated carbon is expected to increase steadily in the coming years.
The key players in this market include Kuraray, Power Carbon Technology, Haycarb, Millennium Carbon, and Fujian Yuanli Active Carbon, among others. These leading companies have established strong positions through their extensive product portfolios, robust manufacturing capabilities, and strategic partnerships. They are continuously investing in research and development to introduce innovative supercapacitor-activated carbon materials that cater to the evolving needs of various end-use industries, such as automotive, electronics, and energy storage. The competitive landscape is further characterized by mergers, acquisitions, and collaborations among the market players to strengthen their market presence and expand their global reach. For instance, in 2022, Kuraray, a leading manufacturer of supercapacitor activated carbon, acquired Calgon Carbon Corporation, a major producer of activated carbon, to enhance its product portfolio and manufacturing capabilities. The ability to provide high-quality, cost-effective, and customized supercapacitor-activated carbon solutions is crucial for the leading players to maintain their competitive edge in this rapidly growing market.
In July 2023, researchers in Kerala, India developed an eco-friendly method to produce supercapacitor activated carbon from coconut husks using microwave technology, resulting in a highly efficient and cost-effective material for sustainable energy storage solution.
GLOBAL SUPERCAPACITOR ACTIVATED CARBON MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Kuraray Co., Ltd.
Cabot Corporation
Kureha Corporation
Calgon Carbon Corporation
Haycarb PLC
Osaka Gas Chemicals Co., Ltd.
Donau Carbon GmbH & Co. KG
ADA Carbon Solutions, LLC
Carbon Activated Corporation
CECA (Arkema Group)
CarboTech AC GmbH
Jacobi Carbons AB
Oxbow Activated Carbon LLC
Ningxia Huahui Activated Carbon Company Limited
Ingevity Corporation
CPL Carbon Link
Others