Activated Carbon Market to achieve a valuation of USD 10.62 billion by 2030

Market Overview

Activated Carbon Market Size was valued at USD 5.39 billion in 2021. The Activated Carbon market industry is projected to grow from USD 5.91 Billion in 2022 to USD 10.62 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.61% during the forecast period (2022 - 2030).

Activated carbon contains 85-90% of carbon and its porous structure enhances the absorption of materials. It also helps remove toxic substances and elements from gases and liquids. Activated carbon finds its applications in effluent treatment, water treatment, flue gas scrubbing, metal extraction and purification, air filtration, and pharmaceuticals.

Current Market Scope

Activated carbon is useful in the treatment of water as it can easily adsorb organic compounds, gustatory and olfactory elements, and other synthetic chemicals from water and makes it potable. Clean, safe, and cheap drinking water is the priority for the rising population and hence, demand for activated carbon is increasing.

Carbon and carbon isotopes are thermally and chemically stable, available in great quantities, and easy to process. The demand for such material is rising in energy-related applications like smart electronic devices. To manufacture supercapacitors and store hydrogen, it is estimated that the demand for activated carbon will increase.

Market Segmentation

The activated carbon industry is segmented by its type and application.

By Type

• Powder Activated Carbon: The largest shareholder of the market in 2020 was powder-activated carbon as it is useful to dechlorinate water, remove mercury, and treat drinking water and groundwater.


• Granular activated carbon: Granulated carbon has a larger particle size and is useful in the food and beverage industry to decolorize sugar solutions, fruit juices, liquor, vegetable oils, and fat.


• Extruded activated carbon: These are cylindrical shaped activated carbon formed by extrusion of pulverized charcoal with a binder.

By application:

• Water purification: Water purification is the highest market value holder in the year 2020.


• Air purification: Activated carbon is useful in the removal of toxic gases from air by adsorption. The desorption process is easy and energy-friendly and hence the carbon can be recycled and reused.


• Pharmaceuticals: Activated carbon is used to enhance pharmaceutical ingredients including antibiotics, vitamins, steroids, and pain killers.


• Catalyst: Used of activated carbon as a catalyst is attributed to its properties like inertness, recyclability, and large surface area.


• Automotive: Activated carbon triggers the performance of the ultracapacitors to enhance battery performance which is used in hybrid electric vehicles.


• Food and beverage: Activated carbon is useful to remove unnecessary odour and taste from sugar solutions, fruit concentrates, and liquors.


• Industrial chemicals: Activated carbon removes high molecular proteins and inorganic impurities from alum, soda ash, and acid manufacturing plants.


• Metal extraction: Recovery and purification of metals can be achieved using activated carbon.


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  Regional Analysis

  
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The global activated carbon market is divided into Asia-Pacific, Europe, North America, Latin America, The Middle East, and Africa. By the end of 2030, it is estimated that Asia-Pacific will dominate global market growth. North America held the second largest market share of 20.14% in the year 2020 and will show moderate growth in 2020-2030. It is projected that Europe will show the fastest growth during the forecast period. Africa, the Middle East, and Latin America are estimated to show a considerable growth rate.

Key Players in the Market:

The important establishments in the global activated carbon market are:

• Cabot Corporation


• Osaka Gas Chemicals Co., Ltd


• Kuraray Co., Ltd, Haycarb (Pvt) Ltd


• Kureha Corporation


• Donau Carbon GmbH


• DESOTEC Activated Carbon


• Oxbow Activated Carbon


• Silcarbon Aktivkohle GmbH


• Karbonous Inc, and Lenntech BV. Cabot Corporation


• Osaka Gas Chemicals Co., Ltd


• Kuraray Co., Ltd


• Haycarb (Pvt) Ltd.