PUBLISHER: BCC Research | PRODUCT CODE: 1663330
PUBLISHER: BCC Research | PRODUCT CODE: 1663330
The global market for activated carbon is expected to grow from $6.6 billion in 2024 and is projected to reach $10.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 9.3% during the forecast period of 2024 to 2029.
The Asia-Pacific activated carbon market is expected to grow from $2.7 billion in 2024 and is projected to reach $4.6 billion by the end of 2029, at a CAGR of 11.4% during the forecast period of 2024 to 2029.
The North American activated carbon market is expected to grow from $1.7 billion in 2024 and is projected to reach $2.6 billion by the end of 2029, at a CAGR of 8.9% during the forecast period of 2024 to 2029.
This report provides a detailed market analysis of activated carbon types and global markets to reflect the latest data and trends. The global activated carbon market determines segments by type [powdered activated carbon, granular activated carbon and others (extruded/pellet-shaped, biochar, surface treated)], feedstock material [wood and coal, coconut shell and others (peat, sawdust)], application [water treatment, air purification, food processing, mercury removal, medical and pharmaceutical, mining and others (natural gas purification, chemical treatment, electronics)] and region [North America, Europe, Asia-Pacific and Rest of the World (South America and Middle East and Africa (MEA)]. The base year for this study is 2023 and the estimates and forecast outlook are for 2024 through 2029.
Market estimates are in volume (Kilo tons) and value in U.S. dollars (millions). Product prices were obtained using actual quotes provided by leading worldwide suppliers. Forecast growth rates are based on expected capacity additions across the industry, feedback received from key industry players, revenue reported by major companies and anticipated regulatory updates. The market size includes the revenue activated carbon-producing companies generate by incorporating industrial-scale technologies.