by Activated carbon is a form of carbon that has been processed to make it highly porous and thus to have a very large surface area available for adsorption or chemical reactions. Due to its high degree of micro-porosity, just one gram of activated carbon has a surface area in excess of 500 m2. This extraordinary structure makes it effective for adsorbing molecules either from gases or from aqueous solutions. Currently, the major driver for activated carbon market expansion is the rising use of activated carbons in water and wastewater treatment applications for removal of contaminants like mercury, other heavy metals, dyes, pesticides, and other emergent compounds.
The Global Activated Carbon Market is estimated to be valued at US$ 9.23 Bn in 2024 and is expected to exhibit a CAGR of 9.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the activated carbon market are Carbon Activated Corporation, Jacobi Carbons Group, Boyce Carbon, CarbPure Technologies, Cabot Corporation, Kuraray Co., Carbo Tech AC GmbH, Donau Chemicals AG, Haycarb (Pvt) Ltd., Kureha Corporation, Osaka Gas Chemicals Co., Ltd., Evoqua Water Technologies LLC, Oxbow Activated Carbon LLC, Hangzhou Nature Technology Co., Ltd., Datong Coal Jinding Activated Carbon Co., Carb USA, and Sorbent JSC.
The key opportunities in the Activated Carbon Market Demand include growing demand from food & beverage industry for filtration and purification and increasing use in automotive filters to control vehicle emissions. Technological advancements like development of sustainable and green activated carbons from renewable biomass feedstocks are further fueling the market growth.
Market Drivers
The major driver for activated carbon market growth is the stringent government regulations regarding the treatment of industrial effluents and wastewater along with potable water supplies. Activated carbon effectively removes pollutants and helps industries and municipalities comply with environmental norms. Growing population and rapid urbanization have increased the load on water resources, thereby fueling the demand for wastewater treatment, which in turn is driving the activated carbon consumption.
Current challenges in the activated carbon market
The Activated Carbon Market Size And Trends is facing challenges due to rising raw material costs and supply chain disruptions. Coal and coconut shell are the most commonly used raw materials for producing activated carbon. However, fluctuations in the prices of these raw materials affect the overall production costs. Supply chain disruptions caused by the COVID-19 pandemic have also impacted the availability of raw materials and disrupted production schedules. Identifying stable and cost-effective sources of raw materials is a major challenge for activated carbon manufacturers.
SWOT Analysis
Strength: Activated carbon has versatile applications across industries like water treatment, food & beverage, pharmaceuticals, automotive etc. due to its high adsorption capacity.
Weakness: Frequent fluctuations in raw material prices increase production costs. Developing economically viable alternative raw materials is still a challenge.
Opportunity: Growing demand for water treatment from industries and rising health awareness is driving the use of activated carbon in applications like purification of drinking water.
Threats: stringent environmental regulations regarding disposal of spent activated carbon and presence of substitute purification methods pose threats.
Geographical regions
North America accounts for the largest share of the global activated carbon market in terms of value, led by major producers and users in the US. Stringent water treatment norms and growing industrial wastewater recycling are major drivers of demand in the region.
Asia Pacific is projected to be the fastest growing regional market during the forecast period owing to rising industrialization, urbanization and per capita income in major economies like China and India. Growth in the water treatment sector to meet the needs of a burgeoning population will fuel demand.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
