Activated Carbon Market Growth Factors, Applications, Regional Analysis, Key Players and Forecasts by 2024

Activated carbon, also known as activated charcoal, is a form of processed carbon. This enables the resultant solid to exhibit small and low-volume pores that increase the surface area for adsorption or chemical reactions. It is primarily used for purification of gases and liquids in food and beverage processing, chemical industries, and water treatment. In the following report, the activated carbon market is segmented on the basis of product, end use, and region.

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From the perspective of end use, the activated carbon market is classified into water treatment, food and beverage processing, industrial, pharmaceutical and medical, automotive, and air purification. The application of these solids in water treatment held a significant share in the global market. The usage of activated charcoal for water purification purposes is the most cost-efficient point-of-use (POU) method in water purification devices. Primarily, these solids are used in municipal wastewater treatment and differentiated industrial processes. Some of the application areas of these solids include water treatment in aquariums, groundwater remediation, and potable water. Additionally, other application areas of these products are industrial processes such as production of beverages, and energy in power plants.

The activated carbon market has been on the forefront of witnessing recent advancements in reactivation service techniques and their integration to the global supply lines of activated carbons. Furthermore, these have affected the demand-supply dynamics of these solids. The technological progressions and product development have led to the growing application of reactivation of pre-used activated carbons. Several companies have developed these technologies and ventured into the reactivation business. They are providing facilities such as on-site reactivation services. This scenario has prompted many companies to recycle the previously and defunct carbon. These factors are expected to assist the market to find traction in novel application areas.

The regulatory agencies in various parts of the world have issued directives aimed at curbing the mercury emissions by a wide array of industries including petrochemical complexes such as refineries and plants. These include regulations, such as Mercury and Air Toxic Standard (MATS) issued by the U.S. Environmental Protection Agency (EPA) and ratified by the Minamata Convention in European Union, which have been instrumental in curbing emissions of mercury and acidic gases from coal-based and other power plants. The application of this carbon helps in efficiently controlling these emissions. Thus, the formulation and implementation of such regulations are anticipated to benefit the activated carbon market by helping in increasing potential demand for these solids in the future.

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Some of the major competitors in the global activated carbon market include ADA-ES Inc., Haycarb PLC, Kureha Corporation, Calgon Carbon Corporation, Jacobi Carbons AB, MeadWestvaco Corporation, Carbon Activated Corporation, Clarinex Group, Cabot Corporation, Carbon Resources LLC, and Kuraray Co. Ltd.

The study provides the historical as well the forecast market size data for various countries including the U.S., Canada, Germany, U.K., France, Italy, Spain, China, Japan, India, Brazil, Saudi Arabia, and South Africa.

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This release was published on openPR.