Activated Carbon Market
Global activated carbon market was valued at $ 3.6 billion in 2022 and is likely to reach $ 6.2 billion by 2032, registering a CAGR of 5.3% over the forecast period of 2023-2032.
Activated carbon, also known as activated charcoal, is a highly porous form of carbon that is processed to have a large surface area available for adsorption or chemical reactions. It is commonly produced from organic materials with high carbon content, such as wood, coal, or coconut shells, through processes involving thermal decomposition and activation using gases. This activation process creates an extensive network of pores, making it highly effective at trapping impurities and contaminants. Activated carbon is widely used in applications such as water and air purification, medical treatments for poisonings, industrial processes, and the purification of gases and liquids.
Source: Secondary Research, Primary Research, MRP Database and Analyst Review
The escalating demand for water purification is significantly driving the activated carbon market. As global concerns about water quality intensify, more communities and industries are turning to activated carbon for effective filtration solutions. This material excels at removing contaminants and impurities, ensuring safe and clean drinking water. Unique properties of activated carbon, such as its large surface area and high adsorption capacity, make it indispensable in water treatment processes. Additionally, the increasing awareness of health risks associated with polluted water is pushing both municipal and industrial sectors to invest more in advanced purification technologies, thereby boosting activated carbon sales.
The expanding pharmaceutical sector is a major driver for the activated carbon market. This material is essential for various applications, such as drug formulation and purification processes. Its unique ability to adsorb impurities without affecting the active ingredients makes it invaluable. The rise in healthcare needs and pharmaceutical advancements further fuels the demand for high-quality activated carbon. Additionally, as regulations become stricter, pharmaceutical companies are increasingly relying on activated carbon to meet compliance standards. This growing reliance underscores the critical role of activated carbon in ensuring the safety and efficacy of medications, thereby driving market growth.
High production costs significantly limit the sales of activated carbon. The processes of carbonization and activation require substantial energy and specialized equipment, driving up expenses. These costs are often passed on to consumers, making the product less competitive compared to alternative filtration solutions. Moreover, fluctuations in energy prices can further exacerbate the cost issues, creating unpredictability in pricing. Unique factors, such as the need for skilled labour and stringent quality control measures, add to the financial burden. Consequently, the high costs associated with producing activated carbon can deter potential buyers, restricting market growth.
Expansion in end-use industries presents lucrative opportunities in the activated carbon market. As diverse sectors like automotive, electronics, and healthcare increasingly recognize the benefits of activated carbon, new applications emerge, creating a fertile ground for growth. Its versatility extends beyond traditional uses, with applications ranging from gas purification in automotive systems to drug delivery in healthcare. This expanding horizon attracts investments and stimulates innovation, driving market dynamism. Moreover, the unique properties of activated carbon make it an attractive choice for various niche applications, further fuelling its adoption across industries and paving the way for sustained market expansion.
Activated carbon Market Overview
Market Attributes |
Details |
Market Size in 2022 |
$ 3.6 billion |
Market Size in 2032 |
$ 6.2 billion |
Forecast Period |
2023-2032 |
CAGR |
5.3% |
Market Dynamics |
· Drivers o Increasing Demand for Water Purification o Growth in the Pharmaceutical Sector · Restraints o High Production Costs o Disposal Issues · Opportunities o Technological Advancements o Expansion in End-use Industries |
Segments Covered in the report |
· By Product Type o Powdered o Granular o Others · By Raw Material o Coal o Coconut o Wood o Peat o Others · By Application o Liquid Phase o Gas Phase |
Regions Covered in the Report |
· North America o U.S. o Canada o Mexico · Latin America o Brazil o Argentina o Rest of Latin America · Europe o Germany o UK o France o Russia o Italy o Spain o Rest of Europe · Asia-Pacific o China o Japan o India o South Korea o Australia o Rest of Asia-Pacific · Middle East & Africa o Israel o UAE o Saudi Arabia o Iran o Rest of MEA |
Companies |
· ADA Carbon Solutions, LLC · Cabot Corporation · Carbon Activated Corporation · CECA (Arkema Group) · Donau Carbon GmbH · Haycarb PLC · Ingevity Corporation · Jacobi Carbons AB · Kuraray Co., Ltd. · Osaka Gas Chemicals Co., Ltd. · Oxbow Activated Carbon LLC |
1: Introduction
1.1 Report Description
1.2 Overview of Activated Carbon
1.3 Evolution and Advancements in Activated Carbon
1.4 Market Segmentation and Scope
1.5 Research Methodology
2: Executive Summary
2.1 Key Findings
2.2 Market Trends and Insights
2.3 Key Market Players
2.4 Future Outlook
3: Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
3.3 Market Opportunities
3.4 Porter's Five Forces Analysis
3.5 Value Chain Analysis
3.6 Impact of COVID-19 on the Activated Carbon Market
4: Activated Carbon Market, by Product Type
4.1 Overview
4.2 Powdered
4.2.1 Key Market Trends
4.2.2 Market Size, 2022-2032
4.3 Granular
4.3.1 Key Market Trends
4.3.2 Market Size, 2022-2032
4.4 Others
4.4.1 Key Market Trends
4.4.2 Market Size, 2022-2032
5: Activated Carbon Market, by Raw Material
5.1 Coal
5.1.1 Key Market Trends
5.1.2 Market Size, 2022-2032
5.2 Coconut
5.2.1 Key Market Trends
5.2.2 Market Size, 2022-2032
5.3 Wood
5.3.1 Key Market Trends
5.3.2 Market Size, 2022-2032
5.4 Peat
5.4.1 Key Market Trends
5.4.2 Market Size, 2022-2032
5.5 Others
5.5.1 Key Market Trends
5.5.2 Market Size, 2022-2032
6: Activated Carbon Market, by Application
6.1 Liquid Phase
6.1.1 Key Market Trends
6.1.2 Market Size, 2022-2032
6.2 Gas Phase
6.2.1 Key Market Trends
6.2.2 Market Size, 2022-2032
7: Regional Analysis
7.1 North America
7.1.1. U.S.
7.1.2 Canada
7.1.3 Mexico
7.2 Latin America
8.2.1 Brazil
8.2.2 Argentina
8.2.3 Rest of Latin America
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Russia
8.3.5 Italy
8.3.6 Spain
8.3.7 Rest of Europe
8.4 Asia-Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 South Korea
8.4.5 Australia
8.4.6 Rest of Asia-Pacific
8.5 Middle East & Africa
8.5.1 Israel
8.5.2 UAE
8.5.3 Saudi Arabia
8.5.4 Iran
8.5.5 Rest of MEA
9: Competitive Landscape
9.1 ADA Carbon Solutions, LLC
9.1.1 Overview
9.1.2 Product Portfolio
9.1.3 Financial Performance
9.1.4 Recent Developments
9.2 Cabot Corporation
9.2.1 Overview
9.2.2 Product Portfolio
9.2.3 Financial Performance
9.2.4 Recent Developments
9.3 Carbon Activated Corporation
9.3.1 Overview
9.3.2 Product Portfolio
9.3.3 Financial Performance
9.3.4 Recent Developments
9.4 CECA (Arkema Group)
9.4.1 Overview
9.4.2 Product Portfolio
9.4.3 Financial Performance
9.4.4 Recent Developments
9.5 Donau Carbon GmbH
9.5.1 Overview
9.5.2 Product Portfolio
9.5.3 Financial Performance
9.5.4 Recent Developments
9.6 Haycarb PLC
9.6.1 Overview
9.6.2 Product Portfolio
9.6.3 Financial Performance
9.6.4 Recent Developments
9.7 Ingevity Corporation
9.7.1 Overview
9.7.2 Product Portfolio
9.7.3 Financial Performance
9.7.4 Recent Developments
9.8 Jacobi Carbons AB
9.8.1 Overview
9.8.2 Product Portfolio
9.8.3 Financial Performance
9.8.4 Recent Developments
9.9 Kuraray Co., Ltd.
9.9.1 Overview
9.9.2 Product Portfolio
9.9.3 Financial Performance
9.9.4 Recent Developments
9.10 Osaka Gas Chemicals Co., Ltd.
9.10.1 Overview
9.10.2 Product Portfolio
9.10.3 Financial Performance
9.10.4 Recent Developments
10: Investment Analysis
11: Market Opportunity and Trends