The Activated Carbon Market is anticipated to reach USD 4,500 million by 2028, growing at a CAGR of 9.3%, over the forecast period (2021-2028).

The factors driving growth of the Activated Carbon Market includes strict regulations imposed by Government to reduce fuel gas emissions, rising environmental concerns, increasing use of activated carbons in industrial applications such as gas and air cleaning, rise in the number of coal-fired power plants growing demand for safe and portable water, and improvements in the living standards. Activated carbon is treated with oxygen at high temperature to make it porous, and are increasingly used at commercial air purification systems are, some of the features pushing the Activated Carbon Market share. Moreover, growing adoption of advanced technology by manufacturers, rising prevalence of water-borne diseases around the world, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Activated Carbon Market size. In addition, the increasing investments by major companies on research and development, strategic partnerships, and collaborations between key industry players, growing population growth rates and rising population growth rates, are further contributing to the market growth.    

However, growth of the Activated Carbon Market is hindered attributed to high prices of raw materials.

The leading players operating in the market are Calgon Carbon Corporation, CarboTech, Carbon Resources (P) Ltd., Advanced Emissions Solutions, Inc., Jacobi Carbons Group, Siemens, Carbon Activated Corporation, Cabot Corporation., Haycarb (Pvt) Ltd, and Kureha Corporation, among others.

Based on Type, the Granulated segment is predicted to grow at a significant CAGR during the forecast period

As per the Activated Carbon Market Research, increasing demand for granulated activated carbon solutions for air & gas purification and water treatment applications, is pushing growth of the segment.

Based on End-User, the Water Treatment segment is projected to grow at a robust CAGR over the forecast period

According to the Activated Carbon Market Report, activated carbons can easily remove impurities such as oil, microbes and taste imparting substances and are increasingly used in municipal groundwater filter systems, are some of the factors propelling growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR during the forecast period

As per the Activated Carbon Market Analysis, growing demand for safe and portable water, favourable Government regulations, technological advancements in activate carbon solutions and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.

Key Developments

• In March 2021, Cabot Corporation decided to introduce ENERMAX 6 carbon nanotube (CNT) series. This series will effectively enhance battery performance at lower loadings enabling a higher energy density of battery.

• In Feb 2019, Siemens launched a Wet Air Regeneration (WAR) system. It is providing a method which will works in combination with the powdered activated carbon treatment (PACT) system to recycle more than 90 percent of the required activated carbon, reliably destroy adsorbed contaminants, and convert sludge into ash.

Market Segmentation

Segmentation by Type

• Granulated

• Extruded

• Powdered

Segmentation by End-User

• Pharmaceutical & Medical

• Automotive

• Air purification

• Food & Beverage Processing

• Water Treatment

• Others

Segmentation by Region

• Asia Pacific

  • China

  • Japan

  • India

  • Rest of APAC

• North America

  • United States of America

  • Canada

• Europe

  • United Kingdom

  • Germany

  • France

  • Spain

  • Rest of Europe

• RoW

  • Brazil

  • South Africa

  • Saudi Arabia

  • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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