Activated Carbon Market Estimated to Reach USD 10.44 Billion, will witness at CAGR of ~9.1% by 2029

Exactitude Consultancy Market Research analyses that the Activated Carbon Market will witness a CAGR of 9.1% for the forecast period of 2023-2029 and is likely USD 4.77 Billion in 2022 to reach at USD 10.44 Billion by 2029.

Activated carbon, commonly known as activated charcoal, is utilized in a variety of industrial applications, including gas and air cleansing with reuse recovery. Strict emission regulations are the result of growing environmental concerns and awareness. This has led to various producers investing in innovative concepts and creating technology for the use of the product in cleaning and air treatment applications, among others. It is increasingly employed for the treatment of wastewater as well as drinking water, service water, and groundwater.

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Activated Carbon Market Dynamics

✦ Activated Carbon Market Driver

Increasing Demand for Water Treatment Application

The demand for the product is expanding along with the demand for clean, safe drinking water. The characteristics of the product, particularly the high surface area accessible for adsorption that readily eliminates contaminants including oils, microorganisms, odor- and taste-giving substances, and chemicals, may be credited for the global activated carbon market's expansion. 
Impurities found in industrial and municipal wastewater are categorized into various pollutant groups (including dissolved and undissolved substances, easily degradable organic substances, persistent organic substances, plant nutrients, heavy metals, and salts). The goal of sewage treatment is to remove these undesirable impurities and return the water to its original quality. 

✦ Activated Carbon Market Restraint

Hike in Prices Due to Raw Material Shortage

The shortage of certain raw materials utilized in production, such as coconut shell charcoal, is a risk factor in the global activated carbon market's growth. As a result, the price of raw materials has increased, with coconut shell charcoal seeing the biggest increase. Prices of products made from coal have gone up as a result of rising energy demands. The decrease in demand for coconuts has had an impact on producers' operational output, which has prompted manufacturers to expand production capacity by 50% to 60%, leading to a rise in product prices.

Prominent Key players of the Activated Carbon Market survey report:

Historical data available in the report elaborates on the development of the Activated Carbon on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Cabot Corporation, Jacobi Carbons AB, Calgon Carbon Corp., Osaka Gas Chemical Co. Ltd., Evoqua Water Technologies LLC, Haycarb Plc, Kureha Corporation, and Kuraray Co. Ltd.

Activated Carbon Market Recent Developments

In November 2021, the sale of Cabot Corporation's Purification Solutions division, which includes the activated carbon division, to One Equity Partners, was announced. The transaction is anticipated to close by the end of the first quarter of 2022.

In March 2021, The ENERMAX 6 carbon nanotube series, which helps improve battery performance at lower loadings and enables increased energy density of the battery, was introduced by Cabot Corporation. When compared to earlier CNT products, this CNT loading also reduces the battery cell's internal direct current resistance. Making the electrodes' conductivity comparable also lowers the overall loading of conductive carbon additives.

In February 2021, following the extensive debottlenecking and equipment modifications finished and validated in late December at its factory in Zhuhai, China, Ingevity Corporation declared that it has increased its capacity to produce activated carbon in the global activated carbon market.

Activated Carbon Market Segmentation:

Activated Carbon Market by Product, 2023-2029, (USD Million) (Kilotons)

» Powder

» Granular

Activated Carbon Market by Application, 2023-2029, (USD Million) (Kilotons)

» Liquid Phase

» Gas Phase

Activated Carbon Market by End User, 2023-2029, (USD Million) (Kilotons)

» Water Treatment

» Food And Beverages

» Pharmaceutical And Medical

» Automotive

» Air Purification

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Activated Carbon Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Activated Carbon industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Activated Carbon industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Activated Carbon Market Research Report 2023-2029

1 Activated Carbon Market Overview

1.1 Product Overview and Scope of Activated Carbon

1.2 Activated Carbon Segment by Type (Product Category)

1.3 Global Activated Carbon market Segment by Application

1.4 Global Activated Carbon Market by Region (2023-2029)

1.4.1 Global Activated Carbon Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Activated Carbon (2023-2029)

1.5.1 Global Activated Carbon Revenue Status and Outlook (2023-2029)

1.5.2 Global Activated Carbon Capacity, Production Status and Outlook (2023-2029)

…

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