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Activated Carbon Market to reach USD 12.70 Bn by 2030, growing at a CAGR of 9.32 percent and forecast (2024-2030)

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Activated Carbon Market to reach USD 12.70 Bn by 2030, growing at a CAGR of 9.32 percent and forecast (2024-2030)

May 15
20:32 2024
Activated Carbon Market to reach USD 12.70 Bn by 2030, growing at a CAGR of 9.32 percent and forecast (2024-2030)
Activated Carbon Market
Activated Carbon Market is segmented into Activated Carbon by Type, Application, and Region. For the estimation of the Activated Carbon Market size, the bottom-up approach was used.

Stellar Market Research, an international business & consultancy firm has recently published a research report on the “Activated Carbon Market”. The total global market for the “Activated Carbon Market” was valued at USD 6.81 Billion in 2023 and is expected to grow at a CAGR of 9.32 Percent over the forecast period to reach USD 12.70 Billion by 2030. By continuing agreement with evolving consumer preferences and advancements in technology and deep formulation research to achieve products, there exists the significant potential for innovative, stylish, and modern lifestyles to drive the Activated Carbon market.

Market Size in 2023: USD 6.81 Billion

Market Size in 2030: USD 12.70 Billion

CAGR: 9.32 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 223

No. of Tables: 143

No. of Charts and Figures: 185

Segment Covered: by Type, Application, and Region

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

 Get a free sample copy to fully comprehend the format of the report, which includes the table of contents and summary:https://www.stellarmr.com/report/req_sample/Activated-Carbon-Market/298

Activated Carbon Market Report Scope and Research Methodology

The report thoroughly explores the dynamics of the Activated Carbon Market, including its drivers, restraints, opportunities, and threats. It segments the market across major regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Additionally, it provides a strategic analysis of key market players, offering a comprehensive examination of company profiles, revenue streams, product specifications, technological advancements, sales figures, pricing strategies, and gross margins. The report offers an industry overview and tracks market developments within the Activated Carbon sector. By employing SWOT analysis, it assesses the strengths and weaknesses of the Activated Carbon Market. Furthermore, the report uses a bottom-up approach to estimate the market size for Activated Carbon.

Activated Carbon Market Overview

Activated carbon, often referred to as activated charcoal, is a form of graphite used in pencil Activated carbon, also known as activated charcoal, is a highly porous form of carbon with an exceptionally large surface area, often exceeding 1000 square meters per gram. Produced from carbon-rich materials like coal, coconut shells, and wood through carbonization and activation processes, it is renowned for its strong adsorption capabilities. This makes it invaluable in various applications, including water and air purification, medical treatments for poisonings, and industrial processes for gas and chemical purification. Its versatility and efficiency in capturing a broad spectrum of contaminants underscore its widespread use and significance in enhancing environmental and public health.

Activated Carbon Market Dynamics

The activated carbon market is driven by several key factors. The increasing demand for clean water is a primary driver, as activated carbon is essential in water treatment processes to remove impurities and contaminants. Stricter environmental regulations globally are pushing industries to adopt more effective pollution control measures, boosting the use of activated carbon in air and water purification. The rise in industrial activities, particularly in developing countries, has led to greater demand for activated carbon in various applications such as chemical purification and solvent recovery. Additionally, the growing awareness about health and wellness is increasing the use of activated carbon in medical treatments and air filtration systems to ensure safer and healthier environments.

There are significant opportunities in the activated carbon market due to advancements in technology and expanding applications. Innovations in production methods are leading to more efficient and cost-effective activated carbon products, enhancing their performance and appeal. The rising popularity of activated carbon in emerging applications, such as energy storage in supercapacitors and soil remediation, presents new growth avenues. Furthermore, the expanding pharmaceutical and food and beverage industries are creating additional demand for activated carbon due to its purification and decolorization properties. The increasing focus on sustainable and eco-friendly products is also likely to drive the development and adoption of activated carbon derived from renewable sources.

 Instant access is available by downloading your exclusive sample copy of the report right now!

In Asia Pacific, the Activated Carbon Market is expected to grow at a CAGR of 8.9 percent over the forecast period

 

In the Asia Pacific region, coconut shells are becoming an increasingly vital raw material for activated carbon producers. Natural disasters significantly impact the activated carbon industry’s value chain, particularly affecting raw material availability. Consequently, prices for raw materials, especially coconut shell charcoal, have risen. Additionally, the cost of coal-based activated carbon has increased due to escalating energy demands, particularly in China, where the need for coal in industries such as power, cement, and steel continues to grow.

For instance, Jacobi Group has raised the price of all coconut-based activated carbons by 10 percent due to substantial increases in raw material costs, effective for shipments made on or after April 1, 2021. Similarly, beginning on or after October 1, 2020, or as contracts allow, Cabot Norit Activated Carbon increased global prices for all activated carbon products, with hikes ranging from 3 percent to 8 Percent, depending on the product and location. As a result, suitable coal grades for activated carbon production are becoming scarce. Coal remains the most common raw material for activated carbon manufacturing in the Asia Pacific, particularly in India, Sri Lanka, Indonesia, and the Philippines. However, the scarcity of raw materials is affecting the operational efficiency of activated carbon producers, leading to a 50-60 percent drop in production capacity and an increase in activated carbon prices.

Activated Carbon Market Segmentation

Based on the Type, the powdered activated carbon (PAC) segment to dominate the Activated Carbon Market over the forecast period

Based on type, in 2023, the powdered activated carbon (PAC) segment dominated the market, holding the largest share of the overall market in terms of revenue. PAC, with its smaller particle size compared to granular activated carbon, boasts a higher surface-to-volume ratio. This makes it ideal for direct introduction into process units such as quick mix basins, clarifiers, and gravity filters. Traditionally, activated carbon is manufactured as powders or small granules less than 1.0 mm in diameter, typically ranging from 0.15 mm to 0.25 mm. The effectiveness of PAC in adsorbing tastes and odors depends on factors such as proper mixing, contact time, dosage, and the source and severity of the odor or taste issue. PAC is widely used in various applications, including wastewater treatment.

By Type

  • Powder Activated Carbon (PAC)
  • Granular Activated Carbon (GAC)
  • Extruded Activated Carbon (EAC)
  • Charcoal Activated Carbon Cloth (ACC)

 

By Application

  • Liquid Applications
  • Water Treatment
  • Food & Beverages
  • Pharmaceutical & Medical
  • Others
  • Gas-Phase Applications
  • Automotive
  • Industrial
  • Air Purification
  • Flue Gas Cleaning
  • Mercury Control
  • Solvent Recovery
  • Others

 

Activated Carbon Market’s Key Players include:

  • Osaka Gas Co. Ltd. (Japan)
  • Cabot Corporation (United States)
  • Kuraray Co. Ltd. (Japan)
  • Haycarb Plc (Sri Lanka)
  • Kureha Corporation (Japan)
  • Jacobi Carbons AB (Sweden)
  • Calgon Carbon Corporation (United States)
  • Carbo Tech AC GmbH (Germany)
  • Carbon Activated Group (United States)
  • Ingevity (United States)
  • Tronox (United States)
  • Genuine Shell Carb (India)
  • James Cumming & Sons (Australia)
  • Indo German Carbons (India)

 

Key questions answered in the Activated Carbon Market are:

  • What is Activated Carbon?
  • What was the Activated Carbon Market size in 2023?
  • What is the expected Activated Carbon Market size by 2030?
  • What is the growth rate of the Activated Carbon Market?
  • What are the key benefits of the Activated Carbon Market?
  • What are the new trends in Activated Carbon?
  • What are the driving, opportunity, and restraining factors in the global Activated Carbon Market?
  • Which are the factors expected to drive the Activated Carbon Market growth?
  • Which factors are expected to restrain the Activated Carbon Market growth?
  • Which segment dominated the Activated Carbon Market growth?
  • What is the demand pattern for the Activated Carbon Market?
  • Which region held the largest share of the Activated Carbon Market?
  • Who are the key players in the Activated Carbon Market?

 

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Size, Share, Size & Forecast by different segment | 2023 −2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Type, Application, and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

 

Stellar Market Research is a leading pharmaceutical research firm that has also published the following reports:

Carbon Neutral Market: Carbon Neutral Market size was valued at USD 55.23 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 6.2 percent through 2024 to 2030, reaching nearly USD 84.15 Bn.

Carbon Steel Market: The Carbon Steel market size was valued at USD 1030.69 Billion in 2023 and the Carbon Steel Market revenue is expected to grow at 3.76 percent from 2024 to 2030, reaching nearly USD 1334.57 Billion.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Website: https://www.stellarmr.com/report/Activated-Carbon-Market/298

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