Global Activated Carbon Market Size, Forecasts, And Opportunities
Learn about the global activated carbon market through The Business Research Company, which provides information on activated carbon market size, activated carbon market drivers and restraints, activated carbon market players, the COVID-19 impact on the activated carbon market, and more.
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The global activated carbon market is expected to grow from $4.47 billion in 2020 to $5.51 billion in 2021 at a compound annual growth rate (CAGR) of 23.3%. The growth is due to increasing demand from end-user industries like water purification, sewage treatment plants and air purification owing to stringent regulations by governments across the world to curb pollution and promote sustainability. The activated carbon market is expected to reach $8.49 billion in 2025 at a CAGR of 11.4%.
The growing demand for clean water is expected to drive innovation in activated carbon manufacturing, thus driving the market during the forecast period.
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The activated carbon market consists of sales of activated carbon by entities (organizations, sole traders, and partnerships) that manufacture activated carbon. Activated carbon is used to purify gases and liquids in a variety of applications such as municipal drinking water, industrial pollution control, food and beverage processing, and odor removal. It also helps in de-colorization and solvent purification in industrial sectors such as chemical, petrochemical, mining, and automotive. Activated carbon is produced from carbonaceous sources such as nutshells, coal, coconut, wood, and peat.
Global activated carbon market segments include:
By Type: Powdered Activated Carbon, Polymer Coated Activated Carbon, Granular Activated Carbon, Bead Activated Carbon, Extruded or Pelletized Activated Carbon, Others
By Application: Liquid Phase Applications, Gas Phase Applications, Metal Extraction, Medicine, Others
By End Use: Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the activated carbon market in 2020.
Strategic initiatives such as technological advancements and innovative product development are gaining significant popularity in the activated carbon market. The companies are increasingly focusing on developing new innovative products such as honeycomb activated carbon which is environmentally friendly and is designed to be powerful and flexible for large area purification. Honeycomb-activated carbon is a highly effective carbon that is used to remove unpleasant odors and pollutant particles.
TBRC’s activated carbon market report covers:
Major Market Players: Calgon Carbon Corporation, Haycarb PLC, Kureha Corporation, Donau Carbon GmbH, Silcarbon Aktivkohle GmbH, Puragen LLC, Universal Carbons, Adsorbent Carbons, Shinkwang Chem Ind Co Ltd, Century Chemical Works Sdn Bhd, Kalimati Carbon Pvt Ltd, Puragen LLC, Universal Carbons, Oxbow Coal SARL, Adsorbent Carbon Private Ltd, Sunny Earth Minerals LTD, Capital Carbon, and EcoGreen Technological.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Activated Carbon Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides activated carbon market overviews, analyzes and forecasts market size, share, activated carbon market players, activated carbon market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s activated carbon market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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