Activated Carbon Market Size, Status, Recent Trends and Future Scope Analysis to 2027

The global Activated Carbon market is projected to reach USD 8.79 Billion by 2027 from USD 5.57 Billion in 2021, at a CAGR of 9.92% from 2022 to 2027.

Activated carbon, also known as activated charcoal, is used in several industrial applications such as gas and air cleaning, involving reusable recovery. Increasing environmental concerns and awareness have led to strict emissions guidelines. This, in turn, has encouraged numerous manufacturers to invest in developed technologies and advanced concepts for the use of the product in applications such as cleaning and air treatment. In a variability of applications, such as municipal drinking water, food and beverage processing, odour elimination, and industrial pollution management, activated carbon is used to clarify liquids and gases. It is progressively used for water treatment such as drinking water, service water, groundwater, and wastewater.

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Segment by Type
Powder Activated Carbon
Granular Activated Carbon
Others
Segment by Application
Water Treatment
Air Purification
Mercury Removal Treatment
Food And Drinks
Industrial
Pharmaceutical
Others

Recent developments
March 2021 - Cabot Corporation launched the ENERMAX 6 carbon nanotube series, which helps to improve battery performance at lower loadings and enables higher energy density of the battery. Moreover, it lowers the direct current internal resistance of the battery cell while using this CNT loading compared to previous CNT products. It also decreases the total loading of conductive carbon additives by achieving a comparable conductivity of the electrodes.
Nov. 2020 - Cabot Corporation launched a single styrene acrylonitrile-based black masterbatch named PLASBLAK XP6801D. This formulation will serve the requirements of the styrenics market. This new product has brilliant mechanical properties, UV resistance, and color performance at a lower concentration. Additionally, it delivers equal performance with around 50% less material, reducing transport logistics, handling, and other transportation-related GHG emissions.

Segmentation Analysis
Granular Type to Exhibit Fastest-growth owing to Growing Preference from End-Use Industries. On the basis of type, the worldwide market is segmented into powdered, granular, and others. Amongst these, Granulated Activated Carbon (GAC) is the fastest-growing segment owing to the high demand for the product from numerous end-use industries such as water treatment and air & gas purification. GAC has a comparatively greater particle size than powdered form, thereby making it suitable for removing contaminants from liquids, air, and gases. GAC is used in the food & beverage industry to eliminate impurities, odor, and color from sweeteners, syrups, beverages, amino acids, and organic acids. It is also used in wastewater treatment to eradicate oil, industrial pollutants, heavy metals, and pesticides. Furthermore, the growing demand for granular form can be attributable to its easy regeneration and reusability, which leads to overall market growth.

Product Portfolio: The Company has a product portfolio of Market that contains:
Activated Carbon Market: Increasing competition among key companies, increasing horizontal and vertical expansion is further expected to fuel the growth of Market.
Key players operating the Activated Carbon market includes Kuraray, Osaka Gas Chemicals, YL, CABOT, Ingevity, Haycarb, JD, Shenhua Group, ADA-ES, Fujian Xinsen Carbon, MULINSEN ACTIVATED CARBON, Shanxi XinHua Chemical, Boyce Carbon, DESOTEC Activated Carbon, HuaHui-Carbon, ZHI XING, Silcarbon Aktivkohle GmbH, Jiangsu Zhuxi Activated Carbon, Inner Mongolia TaiXi Coal Group, Active Char Products.

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Activated Carbon Market Regional Analysis
Asia Pacific dominated the market with a value of USD 50% in 2021. It is projected to remain dominant throughout the forecast period due to China and India being two of the key consuming countries, mostly for water treatment applications. The exponential growth in population in Asia Pacific region has led to an increased need for pure and safe potable water, thereby resulting in increasing demand for activated charcoal. Moreover, ease of availability of raw materials and their low costs are expected to support the growth of the market.

Reasons to Buy Activated Carbon Market Report
The report enables you to -
- Formulate significant competitor data, analysis, and insights to progress R&D strategies
- Recognize emerging players with potentially strong product portfolio and create effective counter strategies to gain competitive advantage
- Recognize and understand vital and diverse types of Activated Carbon under development
- Progress market-entry and market expansion strategies
- Plan mergers and acquisitions successfully by identifying major players with the most promising pipeline
- In-depth examination of the product's current stage of development, territory and estimated launch date

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