Global Activated Carbon Market to Reach $14.23 Billion by 2029, Growing at 14.9% CAGR

What industry-specific factors are fueling the growth of the activated carbon market?
The expansion of the activated carbon market is forecasted to be propelled by the rising demand for potable water. The rapid urbanization and industrialization are increasing the need for purified water and activated carbon, which plays a crucial role in water purification processes. As per the United Nations World Water Development Report, approximately 6 billion individuals may face clean water shortage by 2050. Therefore, the escalation in the need for clean water and its impending scarcity is likely to lead to a spike in the requirement for activated carbon in water purifying processes during the forecasted years.

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What Is the projected market size and growth rate for the activated carbon market?
There has been a swift expansion in the size of the activated carbon market in the past few years. It is projected to surge upward from $7.13 billion in 2024 to $8.17 billion in 2025, with a compound annual growth rate (CAGR) of 14.6%. Factors contributing to the growth recorded in the historic period include economic progression in developing markets, lack of clean water, and a heightened awareness of health matters.

In the coming years, the activated carbon market is projected to experience a swift expansion. By 2029, it is estimated to reach $14.23 billion, with an impressive compound annual growth rate (CAGR) of 14.9%. The expected growth in this timeframe is due to factors such as the escalating demand for purified water, intensifying urbanization, rising global water consumption, increased worldwide population, and supportive government water management initiatives. Key trends during this forecast period are an emphasis on the development of high-flow carbon filter systems to enhance product offerings, increased efforts towards investments to boost production abilities, the initiation of product innovations to attract a broader customer base, and a concentration on mergers and acquisitions to strengthen product selection and extend market presence globally.

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What new trends are reshaping the activated carbon market and its opportunities?
Leading companies in the activated carbon market are focusing on technological innovations including the use of coconut shell-based activated carbon to improve adsorption efficiency and sustainability in their products. Coconut shell-based activated carbon is a variant of activated carbon made from coconut shells. For example, in May 2024, Indcarb Activated Carbon Private Limited, a coconut shell-based activated carbon manufacturer based in India, introduced inline water filters to the market. Inline water filters are filtration systems installed directly into water supply lines, providing continuous purification as water passes through. The filters, which use coconut shell-based activated carbon along with other filtration media, effectively remove impurities, contaminants, chlorine and odors, delivering clean and safe drinking water. Indcarb is targeting health-conscious consumers by positioning these filters as high-performing options, taking advantage of the growing demand for reliable water purification systems.

What major market segments define the scope and growth of the activated carbon market?
The activated carbon market covered in this report is segmented -

1) By Type: Powdered Activated Carbon, Granular Activated Carbon, Extruded Or Pelletized Activated Carbon, Other Types
2) By Application: Liquid Phase Applications, Gas Phase Applications, Metal Extraction, Medicine, Other Applications
3) By End Use: Water Treatment, Food And Beverage Processing, Pharmaceutical And Medical, Automotive, Air Purification, Other End Users

Subsegments:
1) By Powdered Activated Carbon (PAC): Standard PAC, Specialty PAC (for specific applications)
2) By Granular Activated Carbon (GAC): Standard GAC, Specialty GAC (tailored for specific uses)
3) By Extruded Or Pelletized Activated Carbon: Extruded Activated Carbon, Pelletized Activated Carbon
4) By Other Types: Impregnated Activated Carbon, Coconut Shell Activated Carbon, Wood-Based Activated Carbon, Coal-Based Activated Carbon

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Which region dominates the activated carbon market?
Asia-Pacific was the largest region in the activated carbon market in 2024. North America was the second largest market in the activated carbon market. The regions covered in the activated carbon market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which key market leaders are driving the activated carbon industry growth?
Major companies operating 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, Boyce Carbon, Adsorbent Carbons Pvt. Ltd, Kalimati Carbon Pvt. Ltd, Chifeng Zhonglin Zhongtian Chemical Industry, Datong Coal Jinding Activated Carbon, Datong Locomotive Coal, Datong Municipal Yunguang Activated Carbon, Fujian Xinsen Carbon, Fujian Yuanli Active Carbon, Fujian Zhixing Activated Carbon, Donau Carbon GmbH & Co. KG, CarboTech AC GmbH, Evoqua Water Technologies GmbH, Carbo France, Eurocarb, LKAB Minerals, Sorbacal, Chemviron Carbon, Carbonactiv, Mako Industries, DILO Armaturen und Anlagen GmbH, Metrohm AG, Addfield Environmental Systems Limited, Technokomplex, California Carbon Co. Inc., Kleen Industrial Services, Pure Effect Inc., Carbon Supply Inc., Yardney Water Management Systems Inc., General Carbon Corporation, Birla Carbon, Esco's Nanocarb, ELGA Lab Water, Benchmark Technologies, ABP Chemical and Ventilation Engineering Ltd, Trietel, Jacobi's carbons, Toxsorb's MAC, CG Carbon, Tradeasia, CELAR Water Equipment Company, Rotocarb, Panthera, SNF, Nautilus Chemicals, Hive Carbon.

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What Is Covered In The Activated Carbon Global Market Report?

•Market Size Forecast: Examine the activated carbon market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the activated carbon market for a structured understanding.
•Key Players Overview: Analyze major players in the activated carbon market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the activated carbon market.
•Segment Contributions: Evaluate how different segments drive overall growth in the activated carbon market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the activated carbon market.
•Industry Challenges: Identify potential risks and obstacles affecting the activated carbon market.
•Competitive Landscape: Review strategic developments in the activated carbon market, including expansions, agreements, and new product launches.

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