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Activated Carbon Market Poised to Surpass USD 9.0 Billion by 2032, Driven by a Robust CAGR of Over 8.3% from 2022

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Activated Carbon Market Poised to Surpass USD 9.0 Billion by 2032, Driven by a Robust CAGR of Over 8.3% from 2022

March 15
20:25 2024
Activated Carbon Market Poised to Surpass USD 9.0 Billion by 2032, Driven by a Robust CAGR of Over 8.3% from 2022
Activated Carbon Market
Activated Carbon Market Analysis and Forecast to 2032: By Type (Powdered, Granular, Others), Application (Liquid Phase, Gas Phase), End-use Industry (Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Others), and Region.

Market Definition:

Activated carbon is a form of carbon processed to have small, low-volume pores that increase the surface area available for adsorption or chemical reactions. Adsorption is a process where a solid is used for removing a soluble substance from the water. In this process, active carbon is solid. Usually, activated carbon is extracted from charcoal. Activated carbon is used to purify liquids and gases in various applications including municipal drinking water, food and beverage processing, odor removal, and industrial pollution control. Active charcoal carbon filters (filtering charcoal) are most effective in removing chlorine, sediments, volatile organic compounds (VOCs), taste, and odor from water. They are not effective in removing minerals, salts, and dissolved inorganic compounds. Activated carbon is produced from carbonaceous source materials such as coconuts, nutshells, coal, peat, and wood. The primary raw material used for activated carbon powder is any organic material with high carbon content. Powdered, granular/crushed, and extruded/pelletized are some of the popular types of activated carbon. Market share for activated carbon is anticipated to increase during the forecast period owing to the favorable properties of activated carbon, specifically for applications such as water and wastewater treatment and air purification.


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Market Outlook:

Industrial and municipal wastewater contains impurities, which are divided into different pollutant groups (including dissolved and undissolved substances, easily degradable organic substances, persistent organic substances, plant nutrients, heavy metals, and salts). Sewage treatment aims to eliminate these undesired impurities and restore the natural water quality. Contaminations are usually pre-cleaned with other treatment processes such as flocculation, sedimentation, and/or biological treatment. Activated carbon is usually used in the last processing step to remove the most difficult impurities such as pharmaceutical micro-pollutants. Activated carbon fulfills many different tasks such as removal of organic-chemical substances and colorants, reduction of trace substances such as chemicals or pharmaceuticals, and decrease of residual COD. It is difficult to identify impurities and pollutants in the wastewater individually. Therefore, concentrations of components are usually determined as sum parameters (e.g. COD, DOC, and AOX). Wastewater differs, depending upon its origin. It might be necessary to conduct lab tests on the wastewater to choose the optimal quality of activated carbon or use the rental mobile carbon filters for a pilot test.


Key Restraints & Challenges

The key restraints and challenges in the activated carbon market include the high cost of production, the need for specialized equipment and facilities, and the stringent regulations governing the use of activated carbon.

The high cost of production is a major barrier to the widespread adoption of activated carbon. The process of producing activated carbon is energy-intensive and requires the use of specialized equipment. As a result, the cost of producing activated carbon is significantly higher than the cost of producing other water treatment technologies.

The need for specialized equipment and facilities is another challenge faced by the activated carbon industry. The process of producing activated carbon requires the use of high temperatures and strong oxidizing agents. As a result, the production of activated carbon is typically carried out in specialized facilities that are not widely available.

The stringent regulations governing the use of activated carbon are another challenge faced by the industry. Activated carbon is classified as a hazardous material by the United States Environmental Protection Agency. As a result, the use of activated carbon is subject to a number of restrictions and regulations.


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Research Objectives:

•            Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region

•            Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling

•            Identify factors influencing market growth and challenges, opportunities, drivers and restraints

•            Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates

•            Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities

•            Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market

•            To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.

•            Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives


Market Segments:

The Activated Carbon market has been segmented into Type, Application, End-use Industry, and region. Based on the Type, the Activated Carbon market is segmented into Powdered, Granular, and Others. On the basis of Application, the market is bifurcated into Liquid Phase and Gas Phase. Based on End-use Industry, the market is segmented into Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, and Others. Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and the Rest of the World.


Key Players:

  • Boyce Carbon (India)
  • CarboTech (Germany)
  • CarbPure Technologies (U.S.)
  • Donau Carbon GmbH (Germany)
  • Haycarb PLC (Sri Lanka)
  • Jacobi Carbons AB (Sweden)
  • Kuraray Co., Ltd. (Japan)
  • Kureha Corporation (Japan)
  • Norit Activated Carbon (The Netherlands)
  • Osaka Gas Chemicals Co., Ltd. (Japan)


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Research Scope: 

•            Scope – Highlights, Trends, Insights. Attractiveness, Forecast

•            Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others

•            Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain

•            Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments

•            Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis

•            Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis


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