Market Research Future (MRFR) has published on the “Global Activated Carbon Market”.
The activated carbon market is estimated to register a CAGR of 9.07% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global activated carbon market—
Osaka Gas Chemicals Co., Ltd, Kuraray Co., Ltd, Haycarb (Pvt) Ltd, Kureha Corporation, Donau Carbon GmbH, DESOTEC Activated Carbon, NORIT, Carbon Activated Corporation, Silcarbon Aktivkohle GmbH, Karbonous Inc, and Lenntech BV.
Activated Carbon Market Highlights
The global activated carbon market accounted to register a CAGR of 9.07% during the forecast period and is estimated to reach USD 18,627.5 million by 2032.
The global water and wastewater treatment market is experiencing significant growth, driven by the increasing need to address the world's water challenges. According to the latest data, over 2 billion people live in water-stressed countries, a situation that is expected to worsen in some regions due to the impacts of climate change and population growth. Additionally, at least 1.7 billion people globally use a drinking water source that is contaminated with feces, posing a serious risk to public health. Microbial contamination of drinking water, resulting from fecal contamination, is a major concern, as it can lead to the transmission of various diseases, such as diarrhea, cholera, dysentery, typhoid, and polio. The World Health Organization estimates that microbiologically contaminated drinking water causes approximately 505,000 diarrheal deaths each year. These alarming statistics underscore the urgent need for effective water and wastewater treatment solutions, which is driving the growth of the activated carbon market. As a crucial component in water purification processes, activated carbon is poised to play a pivotal role in addressing the global water crisis and improving access to safe, clean drinking water for communities worldwide.
The critical need for clean water and effective water treatment solutions has emerged as a significant driver for the global activated carbon market. According to the World Health Organization, unsafe drinking water, inadequate water availability for hygiene, and lack of access to sanitation contribute to approximately 88% of deaths from diarrheal diseases, which claim the lives of 900 children under the age of 5 every day, or one child every two minutes. Additionally, the United Nations estimates that approximately 3.5 million people die each year due to inadequate water supply, sanitation, and hygiene. The United Nations has recognized the importance of clean water and sanitation, making it one of the Sustainable Development Goals.
The growing awareness of the importance of clean water and the urgent need to address water-related challenges have created a significant demand for effective water treatment solutions, including the use of activated carbon. Activated carbon is a versatile and highly effective adsorbent material that is widely used in water purification processes to remove a variety of contaminants, such as organic compounds, heavy metals, and microorganisms. The unique properties of activated carbon, including its high surface area, porosity, adsorption capacity, and chemical stability, make it a preferred choice for water treatment applications. The ability of activated carbon to selectively adsorb specific contaminants while preserving desired components in the water further enhances its effectiveness in targeted purification processes.
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Segment Analysis
The global activated carbon market has been segmented based on product, raw material, application, end-user and Region.
In the product segment, the market is categorized as Powdered, Granular, and Others. Out of which the powdered segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. It is widely used for de-chlorination of water, mercury removal from power plant emissions, removal of organic contaminants from wastewater, drinking water treatment, groundwater remediation, and taste and odor removal from water used in the food & beverage industry. The rising demand for powdered activated carbon in mercury removal and water treatment applications is likely to drive the growth of the global market during the forecast period.
In the raw material segment, the market is categorized as Coal, Coconut, Wood, Peat, and Others. Out of which the coal segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. Coal-based activated carbon is a type of activated carbon that is derived from coal through a process of carbonization and activation. It is available in different types based on the base material, including bituminous, sub-bituminous, and anthracite, consisting of micro, meso, and macro pores, which makes it effective in removing small to large molecular structures. The unique pore distribution of coal-based activated carbon makes it suitable for various applications, such as odor control in liquid and vapor phase applications, taste improvement in liquids, liquid decolorization, and purification of wastewater and potable water.
In the application segment, the market is categorized as Liquid-Phase, and Gas-Phase. Out of which the liquid-phase segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. Liquid phase application of activated carbon refers to the use of activated carbon in adsorption processes for the treatment of liquids. It involves the use of activated carbon to remove contaminants, impurities, and unwanted substances from liquid streams. Liquid phase activated carbon is commonly used in various industries and applications, including water and wastewater treatment, purification of industrial process water, removal of taste and odor compounds, decontamination of liquids, and remediation of contaminated groundwater. It is also used in the food and beverage industry for the purification of beverages and in the pharmaceutical industry for the removal of impurities.
In the end-user segment, the market is categorized as Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, Mining, Textiles, Electronics, and Others. Out of which the air purification segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. The application of activated carbon in air purification is anticipated to witness growth over the forecast period owing to the growing adoption of granular and powdered activated carbon in VOCs' adsorption from the air, natural gas purification, and removal of H2S and BTX.
Regional Analysis
By Region, the activated carbon market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia Pacific activated carbon market holds a considerable market share during the forecast period. The market in Asia Pacific is expected to increase significantly over the projection period due to robust growth of the chemicals, food & beverage, and automotive industries in China, India, and Indonesia.
Additionally, the strict environmental regulations and increasing awareness of pollution control have played a significant role in the growing demand for activated carbon in the Asia Pacific region. Governments and regulatory bodies have implemented stringent standards for water and air quality, leading to the adoption of activated carbon as an effective solution for purification and pollution control. According to the International Trade Administration, the water & wastewater treatment market in India is anticipated to reach at USD 2.08 billion by 2025. Additionally, governmental initiatives, including the Atal Mission for Rejuvenation and Urban Transformation, National Mission for Clean Ganga, Jal Jeevan Mission, and Community Drinking Water Schemes play a crucial role in driving the expansion of the wastewater treatment market by focusing on the rejuvenation of urban areas, the cleanliness of the Ganga river, the provision of clean drinking water, and the implementation of community-level water treatment projects. Moreover, the need to comply with these regulations has fueled the demand for activated carbon in industries such as water treatment, wastewater treatment, and air pollution control.
Key Findings of the Study
- The global activated carbon market is expected to reach USD 18,627.5 million by 2032, at a CAGR of 9.07% during the forecast period.
- The Asia Pacific region accounted for the fastest-growing global market.
- Based on Application, the liquid-phase Application segment was attributed to holding the largest market in 2023.
- Osaka Gas Chemicals Co., Ltd, Kuraray Co., Ltd, Haycarb (Pvt) Ltd, Kureha Corporation, Donau Carbon GmbH, DESOTEC Activated Carbon, NORIT, Carbon Activated Corporation, Silcarbon Aktivkohle GmbH, Karbonous Inc, and Lenntech BV are the key market players.
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Companies Covered | 15 |
Pages | 256 |
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