At 9.6% Of Activated Carbon Market Share Will Increase And Aimed To Cross US$ 8,264.03 million In 2028

Activated carbon is widely used for water treatment, automotive processes, air & gas purification, and many other purposes owing to its adsorptive properties. In gaseous and liquid state, activated carbon help discard dissolved carbon, lead, mercury, and other odor-causing compounds. Besides, thermal and acoustic applications are other factors enhancing the consumption of activated carbon.

The global activated carbon market was valued at US$ 4,116.03 million in 2020 and is estimated to generate US$ 8,264.03 million by 2028, expanding at 9.6% CAGR during 2021-2028.

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Major key players covered in this Activated Carbon Market report:

Osaka Gas Chemical Co. Ltd (Japan)
KURARAY CO., LTD (Japan)
HAYCARB (PVT) LTD (Sri Lanka)
KUREHA CORPORATION (Japan)
CABOT CORPORATION (US)
Activated Carbon Technologies Pty Ltd (Australia)
Albemarle Corporation (US)
CPL ACTIVATED CARBONS (UK)
JACOBI CARBONS GROUP (Sweden)
CALGON CARBON CORPORATION (US)

Newly introduced favourable government policies for treating wastewater promote the growth of the activated carbon market globally. Activated carbon filtration methods are easy and cost-effective. Regulations on mercury emissions have also propelled the utilization of activated carbon for air purification. China utilizes large quantities of activated carbon for manufacturing automotive parts involving carbon powdered cabin air filters. Major players operating in the global activated carbon market provide a wide range of product portfolios. They emphasize expanding their business in respective regions by developing high-quality and innovative products to fulfill customer requirements. For instance, Calgon Carbon Corporation, in 2020, announced the expansion of Pearlington Mississippi plant by collaborating a second virgin activated carbon production line.

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Activated Carbon Market Future Trends

Recently, a few cost-effective alternatives of commercial activated carbon emerged in the Activated Carbon Market. Exploring inexpensive and efficient carbon activation methods can contribute to environmental sustainability with several other benefits for future applications. For instance, activated carbon made from bioresources exhibits exceptional surface properties with a high degree of porosity. Also, the cost incurred in the process is lower than commercial carbon activation. The use of bioresources such as solid waste material for synthesis of activated carbon helps save the landfill space. Therefore, this alternative is likely to be upheld by several economies in future.

Activated Carbon Market Drivers

Growing Demand for Wastewater Treatment

The urban wastewater treatment plants (WWTP) play a vital role in water purification and overall sustainability. Since the last two decades, numerous factors have been responsible for the growing demand of wastewater treatment. Activated carbon is immensely crucial to the water treatment facilities. It can be easily extracted from bioresources and is less expensive as compared to other technologies. Powdered activated carbon discards impurities from water with simple filtration process. In developing countries, where wastewater treatment is required to be carried out at lower expenses, activated carbon filtration method has been the most effective alternative. Increasing water contamination due to agricultural, industrial, and household activities has become a major concern across most developing Asian economies.

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Activated Carbon Market Regional Insights

Geographically, the global activated carbon market is segmented across North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America.

Asia Pacific dominated the global activated carbon market in 2020 with a revenue total of US$ 2,074.2 million and is projected to retain its dominance during the forecast period. Major Asian economies such as China and India are witnessing large-scale manufacturing and industrialization. These countries have high volumes of activated carbon manufacturing and consumption. The largely generated industrial wastewater requires suitable treatment, which, in turn, drives the regional activated carbon market business.

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This release was published on openPR.