Press release
Activated Carbon Market: Sturdy Economic Growth, Water Scarcity, and Rising Health Consciousness Drive Market to $14.23 Billion by 2029
Activated Carbon Market Share
What Is The Projected Market Size Of The Global Activated Carbon Market And Its Growth Rate?
The global activated carbon market has been experiencing significant growth:
• Projected market size of $7.13 billion in 2024.
• A forecasted rise to $8.17 billion in 2025 at a compound annual growth rate (CAGR) of 14.6%.
• Expected further growth to $14.23 billion in 2029 at a CAGR of 14.9%.
This rapid growth is attributed to increasing demand for clean water, rising urbanization, increasing water consumption, rising global population, and supportive government initiatives for water management.
What Is Driving The Growth In The Activated Carbon Market?
The growth in the activated carbon market is predominantly driven by the increasing demand for clean water. The surge in urbanization and industrialization has further increased the demand for clean water and activated carbon, a crucial component in water purification. According to the United Nations World Water Development Report, nearly 6 billion people are projected to suffer from clean water scarcity by 2050. Thus, escalating clean water demand and scarcity are expected to create significant demand for activated carbon for water purification in the coming years.
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Who Are the Key Players Driving Activated Carbon Market Growth?
Key players in the activated carbon market include:
• Ingevity
• Haycarb PLC
• Kuraray Co. Ltd
• Daigas Group
• Cabot Corporation
• Calgon Carbon Corporation
• Veolia
• Kureha Corporation
• Tronox Inc
• Carbon Activated Corporation
• Kalpaka Chemicals Pvt. Ltd
• Jacobi Carbons India Pvt. Ltd
• And many more
What Are The Key Trends In The Activated Carbon Market?
Key trends in the activated carbon market include:
• Focus on innovations in high-flow carbon filter systems to strengthen product portfolio.
• Emphasis on increasing investments to bolster production capacities.
• Concentration on product innovations to attract more customers.
• Prioritization of mergers and acquisitions to enhance product portfolio and expand geographic presence in the market.
What Are The Segments Of The Global Activated Carbon Market?
The global activated carbon market is segmented by:
• Type: Powdered Activated Carbon, Granular Activated Carbon, Extruded Or Pelletized Activated Carbon, Other Types.
• Application: Liquid Phase Applications, Gas Phase Applications, Metal Extraction, Medicine, Other Applications.
• End use: Water Treatment, Food And Beverage Processing, Pharmaceutical And Medical, Automotive, Air Purification, Other End Users.
Which Region Leads The Activated Carbon Market?
Asia-Pacific was the largest region in the activated carbon market in 2024, followed by North America. The activated carbon market is covering the regions of Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa in the report.
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What Is Covered In The Activated Carbon Market Global Market Report?
- Market Size Analysis: Analyze the Activated Carbon Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Activated Carbon Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Activated Carbon Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Activated Carbon Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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