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Activated Carbon Market to Reach $5B by 2031 Driven by Water & Air Purification Demand
Activated Carbon Market
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North America Key Industry Developments
✅ 2024: Cabot Corporation secured a multi-year supply agreement with a major European water utility, supporting municipal water purification.
✅ 2023: Evoqua Water Technologies LLC acquired Bob Johnson & Associates to expand water treatment services.
✅ Ongoing: Capacity expansions and focus on sustainable sourcing for activated carbon in purification applications.
Asia-Pacific Key Industry Developments
✅ Q1 2025: Osaka Gas Chemicals acquired a minority stake in a Southeast Asian activated carbon producer to strengthen regional supply chain.
✅ Q2 2024: Osaka Gas Chemicals expanded production capacity at its Takasago Plant in Japan for water and air filtration demand.
✅ Ongoing: Rapid industrialization and government initiatives in China and India driving investments in wastewater treatment and air quality solutions.
Key Mergers and Acquisitions (Recent)
✅ March 2022: Cabot Corporation divested its Norit Activated Carbon business to One Equity Partners, creating an independent global entity.
✅ Strategic Acquisitions: Major players pursuing stakes and integrations in biotech and regional manufacturers to enhance R&D and portfolio in sustainable activated carbon solutions.
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Market Segmentation Analysis
By Type: Powdered Activated Carbon and Granular Activated Carbon dominate, with others including extruded forms.
By Raw Material: Coal-based, coconut shell-based, saw dust, and others.
By End-User: Water treatment leads with over 30% market share in 2024, followed by pharmaceutical, automotive, personal care, and food & beverage.
By Application: Liquid phase (water treatment) and gas phase (air purification) remain key avenues.
Regional Insights
Asia-Pacific leads with over 30% market share due to rapid urbanization, industrialization, and strict environmental standards in China, India, and Japan. North America is the second-largest region, driven by regulatory compliance and investments in clean water infrastructure; Asia-Pacific is the fastest-growing region.
Growth Drivers
Rising demand for water treatment and wastewater remediation amid global pollution concerns
Increasing adoption in air purification due to health awareness and industrial emissions control
Stringent government regulations on water quality and mercury emissions
Technological advancements in production and sustainable raw material sourcing
Expanding applications in pharmaceuticals, food processing, and automotive sectors
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Key Players
The market includes leading companies such as Boyce Carbon, Cabot Corporation, Carbon Activated Corporation, CarboTech AC GmbH, CarbPure Technologies, Donau Chemie AG, Evoqua Water Technologies LLC, Jacobi Carbons Group, Kuraray Co., Kureha Corporation, and Osaka Gas Chemicals.
Key Highlights (Top 5 Key Players)
Cabot Corporation - Leading in specialty activated carbon with multi-year contracts and focus on environmental applications.
Osaka Gas Chemicals - Expanding production and acquiring stakes for growth in Asia-Pacific purification markets.
Kuraray Co. - Innovating in high-performance activated carbon for industrial and water treatment.
Evoqua Water Technologies LLC - Strengthening portfolio through acquisitions in water treatment services.
Jacobi Carbons Group - Focusing on sustainable sourcing and global supply for air and water purification.
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