Global Activated Carbon Market (2019-2024)

Autumn Research projects that the global market for activated carbon is estimated to reach about $6.4 billion by 2024, growing at a CAGR of 10.8% over the forecast period (2019-2024). The growing applications across various end-use industries is driving the demand for activated carbon globally. Activated carbon is the major adsorbent in global adsorbent market occupying more than two-third of the volume market share due to its high adsorption capacity and large surface area.

Over the years, activated carbon has become the preferred option for use in potable water purification, waste water treatment, aquariums, swimming pools and sewage water treatment as well as air and gas filtration.

The study outlines the market structure and offers in-depth analysis of the activated carbon market by types (Powdered, Granular, and Others), phases (Liquid and Gas), raw materials (Coal, Coconut Shell, and Others), applications in various end-use industries (Water Treatment, Air and Gas Treatment, Food and Beverage, Pharmaceuticals, Automotive, Metal Recovery, and Others), and regions (North America, Europe, Asia-Pacific, South America, and ROW). The study also provides the market data for various applications in each end-use industry as well as competitive landscape of the market, along with economic, industry- and region-specific, and technological trends driving the activated carbon market over the forecast period.

Overview:

Activated Carbon is a crude form of graphite that has a random imperfect structure, is highly porous and has strong physical adsorption forces. Activated carbon works through physical adsorption, the porous nature of the charcoal provides a large surface area for the contaminants to get adsorbed through the attractive forces of the surface.

In recent times, the market for activated carbon has been growing at a rapid pace due to its increasing application in water treatment, air and gas filtration, food and beverage, pharmaceutical, and automotive sectors. Over the forecast period, the demand for activated carbon is driven by increasing focus on curbing the pollution levels, rising health awareness and stringent regulations such as Mercury and Air Toxic Standard (MATS) and Clean Air Act.

Water Treatment and Air & Gas Treatment to Account for Dominant Market Share

During 2018, water treatment, along with air and gas treatment, collectively accounted for the highest usage of activated carbon with over 62% market share, in terms of value. The demand for activated carbon for water treatment is driven by its ability to effectively reduce certain organic chemicals and chlorine in water, along with the reduction in quantity of lead in water. For air and gas treatment segment, the growing application of activated carbon in flue gas cleaning and refinery operations to recover a wide range of expensive process chemicals is primarily driving the market demand.

Powdered and Granular Activated Carbon Will Drive the Market Demand

Activated carbon is classified into three major types - powdered activated carbon (PAC), granular activated carbon (GAC) and other activated carbon such as extruded activated carbon (EAC) or palletized activated carbon, beaded activated carbon, polymer activated carbon, activated carbon fibre and honeycomb activated carbon.

By 2024, Ceskaa projects that powdered and granular activated carbon segments will collectively account for about 94% of the overall market demand, in terms of volume. The demand for powdered activated carbon is driven by its unique pore structure and excellent adsorption properties. In comparison, favorable properties of granular activated carbon such as its high surface area which allows the accumulation of a large number of contaminant molecules is driving its demand across various applications, especially for water and air treatment, mercury removal operations, and industrial processes.

Coal-based Activated Carbon to be the Fastest Growing Segment

The market for activated carbon based on coal as raw material is expected to grow at a CAGR of 11.4% over the forecast period (2019-2024). The demand for coal-based activated carbon is driven due to its high adsorption energy range, which is beneficial for applications in multiple domains such as air and water treatment, food and beverage, automotive, and pharmaceuticals.

Some of the key market vendors in activated carbon market include Calgon Carbon Corp., Cabot Corp., Haycarb PLC, Ingevity Corp., Osaka Gas Co. Ltd., Kuraray Co. Ltd. and Evoqua Water Technologies LLC are some of the major manufacturers of activated carbon globally. In addition, ADA Carbon Solutions LLC, Albemarle Corp., Carbotech AC GMBH, Indo German Carbons Ltd., Kureha Corp. and Ningxia Huahui Activated Carbon Co. Ltd.

Key Takeaways:

Precisely defined market structure, growth potential, applications of the product and end-use industries.
Analyze the current market demand and identify future growth trends and opportunities associated with activated carbon market.
Examine competitive landscape of the industry by understanding similar companies and analyze their products, strategies, and business.
Detect the top regional market for product growth and factors driving the market in each region.
Assess the pace at which the consumers' preferences are changing in a specific industry.
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More Info:

https://www.autumnmarketresearch.com/industry-reports/global-activated-carbon-market/

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