Activated Carbon Market Future Prospects Driven by Sustainability 2025-2032

According to Fortune Business Insights, The global activated carbon market was valued at USD 5.70 billion in 2024 and is anticipated to expand from USD 5.62 billion in 2025 to USD 10.04 billion by 2032, reflecting a CAGR of 8.7% over the forecast period. In 2024, Asia Pacific led the market, accounting for 40.7% of the global share. Meanwhile, the U.S. market is expected to reach USD 2.00 billion by 2032, driven by rising demand across water purification, air filtration, and diverse industrial applications.

Activated carbon, also referred to as activated charcoal, is widely recognized for its excellent adsorption capabilities. It is extensively used in applications such as air treatment, water purification, and various industrial processes. The market has witnessed notable growth, largely driven by rising environmental concerns and the enforcement of stringent regulatory standards. Increasing awareness around sustainability and the implementation of strict emission control guidelines continue to fuel demand for activated carbon.

Fortune Business Insights™ displays this information in a report titled, "Activated Carbon Market, 2025-2032."

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List of Key Companies Profiled In the Report:

• Osaka Gas Chemicals Co., Ltd. (Japan)

• Donau Carbon GmbH (Germany)

• Cabot Corporation (U.S.)

• PURAGEN ACTIVATED CARBONS (U.S.)

• CARBOTECH AC GMBH (Germany)

• Kuraray Co., Ltd. (Japan)

• KUREHA CORPORATION (Japan)

• Activated Carbon Technologies (Australia)

• Silcarbon Aktivkohle GmbH (Germany)

• Ingevity (U.S.)

• Iluka Resources (Australia)

• James Cumming & Sons (Australia)

• Universal Carbons (India)

Segmentation:

Granular Carbon to Gain Traction Due to its Rising Use in Many End-use Industries

Based on type, the global market is segmented into powdered, granular, and others. The Granulated Activated Carbon (GAC) segment is the fastest-growing segment as this type of carbon finds major usage in several industries, such as air & gas purification and water treatment.

Activated Charcoal to be Increasingly Used in Water Treatment Applications Due to Rising Industrial Activities

Based on application, the market is categorized into water treatment, air & gas purification, food & beverage, pharmaceutical & healthcare treatment, and others. The water treatment segment held the largest activated carbon market share in 2022 as the product is widely used in water treatment applications to eliminate organic compounds and toxic substances.

With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report studies the market in detail and underlines critical aspects, such as key product types, applications, and top market players. The report also offers valuable insights into the market’s drivers, trends, and prominent industry developments. Besides the abovementioned factors, the report also lists other factors that have helped the market grow.

Drivers and Restraints:

Growing Adoption of Air Purification Systems to Accelerate Market Growth

Air pollution is becoming a major cause of concern globally as it is one of the primary causes of many severe health problems. Individuals in residential areas are suffering from breathing difficulties due to the lack of clean air. This is why many people are opting for air purification systems, which contain activated carbon to absorb the tiniest pollutants and impurities present in the air, providing them with clean, breathable air.

However, rising prices of raw materials to make activated charcoal and their shortage may impede activated carbon market growth.

Regional Insights:

Asia Pacific Dominates Due to Presence of Major Active Carbon Consuming Countries

Asia Pacific dominated the global market in 2022 and might retain its dominance during the forecast period as region has two major active carbon consuming countries – India and China. These countries are using this type of carbon in water treatment applications to cater to the growing need for safe and potable water.

North America has also showcased major growth as this product is being widely used in air and water purification applications.

Information Source: https://www.fortunebusinessinsights.com/activated-carbon-market-102175

Competitive Landscape:

Key Market Players to Offer Sustainable Purification Solutions to Boost Their Presence

Some of the key companies operating in this market include Cabot Corporation and Kuraray Co. Ltd. These firms are focusing on providing sustainable purification solutions to various industries, such as oil & gas, water treatment, and food & beverage, which will help them strengthen their market position.

Notable Industry Development:

• May 2024 – Kuraray Co., Ltd. along with its U.S. subsidiary Calgon Carbon Corporation is set to acquire Sprint Environmental Services, LLC’s industrial reactivated carbon business.

• March 2023 – Cabot Corporation launched the EVOLVE technology program that is involved in advancing sustainable reinforcing carbons. The purpose of the new technology launch was to recover the carbon product from the end-life tiers to renew the waste and reduce the carbon content.