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Activated Carbon Market

Activated Carbon Market

Activated Carbon Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

147

Base Year:

2021

Date

Jan - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1187

Segments Covered
  • By Type Powdered, Granulated, Others
  • By Application Liquid, Gas, Others
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 5,689.7 Million
Revenue 2028Revenue 2028: 10947.3 Million
Revenue CAGRRevenue CAGR (2022 - 2028): 9.8%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Activated Carbon Market Share

Activated Carbon Market: By Type, Application, and Region

Market Synopsis:

Global Activated Carbon market is valued at 5,689.7 Million in 2021 and is projected to reach a value of 10947.3 Million by 2028 at a CAGR of 9.8% over the forecast period.

Activated Carbon Market Size, 2021 To 2028 (USD Million)

The growing demand from sewage treatment and water treatment applications along with the growing need for pollution control are the key factors for the Activated Carbon market growth. The stringent regulations regarding water pollution and increased technological advancements are other key factors for the market growth. In addition, the increased use of Activated Carbon in manufacturing and greenhouses industries for air purification and to remove odors, toxic gases, and harmful dust particles are some other key growth factors over the forecast period.

The growing demand for Activated Carbon across industry verticals such as pharmaceutical & medical, food and beverage processing, and automotive are some major key opportunities in the global Activated Carbon market. Moreover, the increased demand for Activated Carbon across emerging nations such as India, China, Brazil, Indonesia, and others to reduce air and water pollution are presumed to contribute to the growth of the Activated Carbon market in the years to come. However, the scarcity of raw materials causing price hikes of activated carbon is one of the major restraints in the global Activated Carbon market.

Market Segmentation:

The global Activated Carbon market is segmented on the basis of Type(Powdered,Granulated,Others),Application(Liquid,Gas,Others),Region(North America,Europe,Asia Pacific,Latin America,Middle East & Africa). Based on type, the market is segmented as powdered, granulated, and others. On the basis of application, the market is segmented into liquid (water treatment, food & beverages, pharmaceutical & medical, and others), gas (automotive and industrial), and others.

Below tree is interactive. You can click the nodes to get more information.

Powdered had a major share in Activated Carbon Market

In 2021, the powdered category dominated the global Activated Carbon market and had more than 60% of the market volume share in the same year. This is primarily due to the wide application of powdered activated carbon across industries such as automotive, food and beverage processing, and pharmaceutical and medical, due to its high absorption capacity. The rising demand along with the stringent environmental regulations are estimated to boost the category growth over the upcoming years.

Besides, the granular category is projected to witness lucrative growth over the forecast period. The high use of granular in air treatment and municipal water treatment plants, mainly in mercury and chlorine removal processes are the key reasons for category growth. Moreover, the increased application of granular category across applications is further estimated to enhance the category growth in the global Activated Carbon market.

Gas was the leader in the Activated Carbon in 2021

The gas category dominated the Activated Carbon market in 2021. The category accounted for more than 55% of the market revenue share in the same year. The category growth can be attributed to the growing consumption of activated carbon gas into different products such as air conditioners, sewage, gas mask, human waste treatment, desulphurization, along with purification of factory effluent gases. Moreover, the increased demand for the product in air purification applications from commercial as well as domestic users are projected to enhance the category growth.

Besides, the liquid category is anticipated to emerge as the fastest-growing application category over the forecast period. This is majorly owing to the increased use of liquid in the different industrial categories such as potable water treatment, decolorization, groundwater treatment, industrial water treatment, chemical and pharmaceutical wastewater treatment, and precious metal (gold) recovery.

Asia Pacific Activated Carbon Market to Grow at the Fastest CAGR

Asia Pacific had a major share in the global Activated Carbon market in 2021. The region had more than 40% of the market revenue and volume share in 2021. The economies such as India, China, and Japan are projected to lead the region over the forecast period. Asia Pacific had a major share due to the high production of activated charcoal in the region due to coconut shells being one of the proven and widely used raw materials for activated charcoal manufacturing. Numerous Asian countries such as the Philippines, Malaysia, Indonesia, India, and Sri Lanka have ideal weather which is suitable for steady coconut cultivation, due to which Asia Pacific is the primary region for the raw material of Activated Carbon.

North America and Europe are projected to witness substantial growth over the forecast period. This is due to the increasing environmental concerns, and standards along with government initiatives to safeguard the environment. The stringent government regulations such as disposal of industrial wastewater and gas emissions in these regions are further estimated to enhance the regional growth. Moreover, the increased demand for Activated Carbon from the automotive manufacturers in Europe to minimize the emissions from the vehicle is presumed to enhance the regional growth over the forecast period.

Competitive Landscape:

The Activated Carbon market is a fragmented market, due to the presence of global, regional, and country-level players. The companies are investing heavily in research & development activities to develop new products. The major players in the Activated Carbon market are Cabot Corporation, Kuraray Co. Ltd., Haycarb PLC, Kureha Corporation, Jacobi Carbons AB, BASF SE, Donau Carbon GmbH, Silcarbon Atkivkohle GmbH, Prominent Systems Inc., Oxbow Activated Carbon LLC, Calgon Carbon Corp., Osaka Gas Chemical Co. Ltd., and Evoqua Water Technologies LLC.

The Activated Carbon is Segmented as Follows:

Parameter Details
Segments Covered
  • Type (Powdered, Granulated, Others)
  • Application (Liquid, Gas, Others)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Cabot Corporation
  • Kuraray Co. Ltd.
  • Haycarb PLC
  • Kureha Corporation
  • Jacobi Carbons AB
  • BASF SE
  • Donau Carbon GmbH
  • Silcarbon Atkivkohle GmbH
  • Prominent Systems Inc.
  • Oxbow Activated Carbon LLC
  • Calgon Carbon Corp.
  • Osaka Gas Chemical Co. Ltd.
  • and Evoqua Water Technologies LLC.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Activated Carbon Market Anticipated to Reach 10947.3 Million by 2028
The Activated Carbon Market is expected to reach 10947.3 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 9.8% from 2022 to 2028. The Activated Carbon has its applications in air purification and water treatment. Also, the strict government policies and regulations on the removal ...
FAQ
Frequently Asked Question
  • The global Activated Carbon valued at 5,689.7 Million in 2020 and is expected to reach 10947.3 Million in 2028 growing at a CAGR of 9.8%.

  • The prominent players in the market are Cabot Corporation, Kuraray Co. Ltd., Haycarb PLC, Kureha Corporation, Jacobi Carbons AB, BASF SE, Donau Carbon GmbH, Silcarbon Atkivkohle GmbH, Prominent Systems Inc., Oxbow Activated Carbon LLC, Calgon Carbon Corp., Osaka Gas Chemical Co. Ltd., and Evoqua Water Technologies LLC..

  • The market is project to grow at a CAGR of 9.8% between 2021 and 2028.

  • The driving factors of the Activated Carbon include

    • Growing demand from sewage treatment and water treatment applications to drive the market growth

  • Asia Pacific was the leading regional segment of the Activated Carbon in 2020.