Global Activated Carbon Market is projected to reach the value of USD 10.02 Billion by 2030

According to the report published by Virtue Market Research in Global Activated Carbon Market is valued at USD 5.7 Billion and is projected to reach a market size of USD 10.02 Billion by the end of 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 7.3%.

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A pivotal long-term driver in the activated carbon market is the increasing concern for environmental sustainability. The growing awareness of the adverse effects of air and water pollution has propelled the demand for activated carbon, a powerful adsorbent that effectively purifies air and water. COVID-19 has underscored the importance of clean air and water, further boosting the market. The pandemic led to a surge in demand for personal protective equipment, including face masks with activated carbon filters. Although the supply chain was disrupted initially, recent developments have shown an industry-wide commitment to ensuring a stable supply of activated carbon to meet the increased demand.

In the short term, the adoption of activated carbon in the pharmaceutical and medical sectors has emerged as a significant driver. Recent developments have seen the utilization of activated carbon in critical applications, such as medical-grade masks and gas masks. The COVID-19 pandemic has accelerated the need for efficient air filtration and gas purification, creating a surge in demand for activated carbon. This short-term driver reflects the market's adaptability to cater to evolving requirements swiftly.

An exciting opportunity within the activated carbon market is the expanding use of activated carbon in wastewater treatment. Recent advancements in water treatment technologies have highlighted the effectiveness of activated carbon in removing contaminants, pharmaceutical residues, and pollutants from wastewater. This opportunity aligns with the global push for clean water resources and sustainable wastewater management. The activated carbon market has the potential to become a vital component in achieving water purification and conservation goals.

A notable trend in the activated carbon market is the transition towards renewable and eco-friendly raw materials. Recent developments have showcased a growing emphasis on sustainable sourcing of raw materials for activated carbon production. The industry is increasingly turning to biowaste, such as coconut shells and wood chips, as sources for activated carbon. This trend aligns with global sustainability efforts and reflects the market's commitment to reducing its environmental footprint.

Market Segmentation:
By Type: Powder Activated Carbon, Granular Activated Carbon, Extruded Activated Carbon, Charcoal Activated Carbon Cloth, Polymer Activated Carbon, Impregnated Carbon, Woven Carbon
In the Activated Carbon Market Segmentation by Type, the largest segment is 'powdered activated carbon (PAC),' commanding a substantial market share of 61.1%. Recent developments in the industry have demonstrated the widespread application of PAC in diverse sectors, including water treatment, air purification, and medical uses. Its fine particle size and high adsorption capacity make it a versatile choice for various applications.

Concurrently, the 'granular activated carbon (GAC)' segment emerges as the fastest-growing segment. Recent trends indicate a rising preference for GAC, particularly in gas-phase applications. Its larger particle size and extended contact time enhance its efficiency in adsorbing gases, organic compounds, and volatile contaminants, contributing to its rapid market growth.

By Phase Type: Liquid Phase, Gas Phase
In the Activated Carbon Market Segmentation by Phase Type, the 'gas phase' segment holds the largest market share, accounting for 52.5%. Recent developments in gas-phase applications, such as air purification and gas filtration, have driven the demand for activated carbon. Its exceptional ability to capture and remove gases, odors, and volatile compounds has solidified its dominance in this segment.

Simultaneously, the 'liquid phase' segment stands out as the fastest-growing segment. Recent trends reveal an increased use of activated carbon in liquid-phase applications, particularly in water and wastewater treatment. Its effectiveness in removing organic impurities, contaminants, and colorants from liquids has positioned it as a promising choice for clean water production, thereby propelling its rapid growth in the market.

By End-Use: Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, Water Treatment, Others
In the Activated Carbon Market Segmentation by End-Use, 'water treatment' emerges as the largest segment, boasting a substantial market share of 42.8%. Recent developments have underscored the critical role of activated carbon in purifying and enhancing the quality of water resources. Its efficient removal of organic compounds, chemicals, and contaminants from water sources has solidified its position in the water treatment sector.

Concurrently, 'air purification' emerges as the fastest-growing segment. Recent trends indicate a growing demand for activated carbon in air purification systems to address air quality concerns. Its capacity to adsorb pollutants, volatile organic compounds, and odorous substances makes it a valuable component in air purification technologies, driving its rapid market growth.

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Regional Analysis:
In the Activated Carbon Market Segmentation by Region, Asia-Pacific takes the lead as the largest segment, with a commanding market share of 51.0%. The region's remarkable market share can be attributed to its thriving industrial sector, rapid urbanization, and stringent environmental regulations. Recent developments highlight Asia-Pacific's commitment to sustainable and clean industrial processes, boosting the demand for activated carbon. Additionally, the region's focus on water and wastewater treatment, along with a burgeoning automotive industry, further drives the market's growth.

North America stands out as the fastest-growing region in the Activated Carbon Market. Recent trends indicate a surge in the use of activated carbon in various applications, especially air purification and gas filtration. The region's commitment to improving air quality and addressing environmental concerns has led to increased demand for activated carbon. Recent developments emphasize North America's adoption of advanced filtration technologies, further propelling its rapid market growth. The accessibility to advanced research and development facilities and the increasing importance of clean and safe drinking water also contribute to this region's dynamic market expansion.

Latest Industry Developments:
• Diversification of Product Portfolio: A prominent trend in the industry is the diversification of product portfolios. Recent developments have witnessed companies expanding their range of activated carbon products to cater to various applications. This trend reflects the market's recognition of the diverse needs of different sectors, such as water treatment, air purification, and medical applications. By offering a wide range of specialized activated carbon solutions, companies can tap into multiple market segments, strengthen their market share, and address emerging customer requirements.

• Investment in Sustainable Practices: A notable trend is the increased focus on sustainability and eco-friendly production processes. Recent developments highlight the industry's commitment to adopting sustainable sourcing of raw materials and environmentally responsible manufacturing techniques. Companies are leveraging renewable resources, such as coconut shells and wood waste, to produce activated carbon, aligning with global sustainability goals. This trend not only appeals to environmentally conscious consumers but also positions companies as responsible market players, enhancing their market share.

• Research and Development of Advanced Applications: An emerging trend is the continuous research and development of advanced applications for activated carbon. Recent developments have showcased companies' efforts to explore innovative uses, such as activated carbon in supercapacitors, energy storage systems, and emerging environmental technologies. By investing in R&D and staying at the forefront of technological advancements, companies are positioning themselves to capture new markets and expand their presence in existing ones. This trend reflects the industry's commitment to pushing the boundaries of activated carbon applications, ultimately enhancing its market share.

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This release was published on openPR.