PUBLISHER: Market Research Future | PRODUCT CODE: 1555581
PUBLISHER: Market Research Future | PRODUCT CODE: 1555581
Global Activated Carbon Market Research Report Information By Product (Powdered, Granular, Others) By Raw Material (Coal, Coconut, Wood, Peat, Others) By Application (Liquid-Phase, Gas-Phase) By End-User (Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, Mining, Textiles, Electronics, Others) and By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa)- Forecast to 2032
In 2023, the market size of activated carbon was estimated to be USD 6.36 billion. The Activated Carbon industry is anticipated to experience a compound annual growth rate (CAGR) of 7.60% from USD 6.84 Billion in 2024 to USD 12.29 Billion by 2032 during the forecast period (2024-2032). The Activated Carbon Market is significantly influenced by the growing demand for pure water and the necessity of removing contaminants from water sources during the forecast period. Activated carbon is frequently employed to remove synthetic organic chemicals, natural organic compounds, and taste and odor compounds from potable water. It is a highly porous material that offers a substantial surface area for contaminants to adsorb, rendering it an effective adsorbent. Additionally, it may be implemented for the purpose of water purification. In addition, the removal of heavy metals, such as lead, is contingent upon the use of a highly specific type of activated carbon water treatment. This treatment is typically employed in residential point-of-use filtration. Large quantities of effluent are produced daily by significant manufacturing sectors, including chemicals, oil and gas, food and beverage, mining, and textiles. This water is contaminated with a variety of substances, including organic matter, non-biodegradable compounds, and traces of metals and oxides. This underscores the necessity of treating the effluent water, as the contaminated water has the potential to result in gastrointestinal issues, diarrhea, nausea, dehydration, and even mortality if left untreated.
Market segment insights
Powdered, granular, and other products comprise the Activated Carbon Market segmentation.
The Activated Carbon Market has been segmented according to the primary material used, including Coal, Coconut, Wood, Peat, and Others.
The Activated Carbon Market has been segmented into two categories: Liquid-Phase and Gas-Phase, based on its application.
Water treatment, food and beverage processing, pharmaceutical and medical, automotive, air purification, mining, textiles, electronics, and others comprise the market's end-user segmentation.
Regional Perspectives on Activated Carbon
The Asia Pacific region in the Activated Carbon market has emerged as the foremost and fastest-growing segment, with a compound annual growth rate (CAGR) of 9.36%. The segment is anticipated to achieve a value of USD 9,064.16 million by the conclusion of the forecast period. The demand for activated carbon is being driven by the strong expansion of the automotive, food and beverage, and chemicals industries in China, India, and Indonesia. The demand for the product is expected to increase in the coming years as a result of the growing demand for water purification and reuse in the industrial sector of the region, which is a result of the scarcity of water. The regional market is anticipated to experience growth during the forecast period due to the expanding automotive industry in the region and the growing utilization of activated carbon to reduce gaseous emissions from automobiles. The market for electric vehicles is expected to expand at a compound annual growth rate (CAGR) of 49% from 2022 to 2030, as per Invest India. Consequently, the demand for activated carbon is expected to increase in the automotive industry.
NORIT, Osaka Gas Chemicals Co., Ltd., Kuraray Co., Ltd., HAYCARB (PVT) LTD, Kureha, Donau Carbon GmbH, Silcarbon Aktivkohle GmbH, Lenntech B.V., Karbonous Inc, Silcarbon Aktivkohle GmbH, Karbonous Inc, Lenntech BV, and Carbon Activated Corporation are among the key companies in the Activated Carbon Market.