The global Activated Carbon Market was valued at USD 5 billion in 2022, and it is projected to reach USD 8.45 billion by 2032, with an anticipated annual revenue growth rate of 6% throughout the forecast period. The primary driver behind this revenue expansion is the increasing demand for activated carbon across various sectors, including the food and beverage, pharmaceutical, automotive, and water treatment industries. This surge in demand is primarily attributed to the growing necessity for clean air and water, coupled with stringent government regulations concerning emissions and wastewater discharge.
Activated carbon is a highly porous substance employed for the purification of both water and air. It undergoes treatment to enhance its surface area and pore size and is derived from various organic sources such as coconut shells, wood, and coal. Activated carbon's effectiveness in air and water purification is attributed to its larger surface area and smaller pore size, which enable it to adsorb contaminants from both mediums.
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Activated Carbon Market Competitive landscape:
The global activated carbon market is characterized by intense competition and fragmentation, with numerous key players, both large and medium-sized, holding substantial market shares. These players employ various strategies, including mergers and acquisitions, strategic agreements and contracts, and the development and introduction of advanced products, to maintain their competitive edge. Several prominent companies are featured in the global activated carbon market report, including:
- Activated Carbon Technologies LLC: A recognized player in the activated carbon industry, offering a range of high-quality products and solutions for diverse applications.
- Calgon Carbon Corporation: A leading global manufacturer and supplier of activated carbon products, known for its innovative solutions in water and air purification.
- Evonik Industries AG: A multinational specialty chemicals company with a significant presence in the activated carbon market, providing advanced products for various industrial applications.
- Kuraray Co., Ltd.: A renowned chemical company known for its expertise in activated carbon technologies, catering to the demands of different industries.
- Kureha Corporation: A trusted name in the activated carbon sector, known for its cutting-edge solutions and products for water treatment, air purification, and other applications.
These companies, along with others mentioned in the global activated carbon market report, play a crucial role in driving the market's growth and competitiveness through their continuous innovation and commitment to meeting the evolving needs of industries worldwide.
Some Key Highlights in the Report
- In June 2020, Calgon Carbon Corporation announced that it is expanding its capacity at its Pearlington, Mississippi plant by adding a second virgin activated carbon production line. The new production line is expected to increase capacity by 50 Million pounds of granular activated carbon per year. The expansion is expected to add 38 jobs at the plant and enable activated carbon products of the company to be used to clean the world’s air and water on a large scale. The estimated investment in the additional production line would be USD 185 Million. This USD 185 Million expansion is expected to further boost production capacity, increasing investment in their natural resources for future generations.
- Powdered activated carbon segment is expected to account for largest revenue share in global activated carbon market over the forecast period owing to its ease of use and economic advantages. The low capital cost associated with powdered activated carbon feed system combined with the ability to apply powdered activated carbon seasonally, make it an economical alternative based on an annualized cost.
Activated Carbon Market Segments:
By Type Outlook
- Powdered
- Granular
- Extruded
- Impregnated
By Application Outlook
- Water Treatment
- Air Purification
- Food Beverage
- Pharmaceutical Medical
- Industrial Processes
- Others
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Activated Carbon Market Strategic Developments:
- On 24 August 2021, Calgon Carbon Corporation announced the launch of its new, proprietary ActivCarb CB/FL carbon media for removing PFAS from water. The ActivCarb CB/FL carbon media is specially designed to effectively remove PFAS compounds, including PFOA and PFOS, from water, making it a valuable addition to the company's growing portfolio of activated carbon products.
- On 17 June 2021, Carbon Activated Corporation announced the acquisition of the assets of Advanced Carbon Technologies (ACT), a manufacturer of specialty activated carbon products. The acquisition expands Carbon Activated Corporation's presence in the specialty activated carbon market and strengthens its position as a leading producer of activated carbon products.
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