The global activated carbon market was valued at $3.2 billion in 2020, and is projected to reach $5.8 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030.
Health risks by drinking contaminated water are increasing consistently among customers. Granular and powdered activated carbons are main component for purification process. It eliminates contaminants, such as color compounds & dyestuffs, absorbable organic halogens (AOX), toxicity, non-biodegradable organic compounds (COD), chlorinated or halogenated organic compounds, aromatic compounds including phenol and bis-phenol A (BPA), and inhibitory compounds for biological treatment systems. Furthermore, it drives the demand for home appliances such as water purifiers and industrial water purification plants. Need of pure and reliable quality drinking water increases the growth of activated carbon market. Rapid growth of population in countries such as China and India focus on water purification standards to maintain healthy life style of citizens.
Furthermore, urbanization and new residential projects in China and India increase the concerns over quality and safety of municipal water supply in major cities. In addition, rise in chlorine level of drinking water in the U.S. drives the growth of the market. Furthermore, regulatory authorities focus on water purification plans to maintain water quality standards.
The activated carbon market is segmented on the basis of type, end-use industry, application, and region. By product type, it is segmented into powdered, granular, and others. On the basis of end-use industry, it is classified into water treatment, food & beverage processing, pharmaceutical & medical, automotive, air purification, and other end-uses. Depending on application, it is fragmented into liquid and gaseous. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players that operate in the global activated carbon market include ADA-ES, INC., Jacobi Carbons AB, Siemens Water Technologies Corp., Kureha Corporation, Calgon Carbon Corporation, Carbo Tech AC GmbH, Carbon Resources LLC, CLARINEX Group, Carbon Activated Corp., and Cabot Corporation.
Health risks by drinking contaminated water are increasing consistently among customers. Granular and powdered activated carbons are main component for purification process. It eliminates contaminants, such as color compounds & dyestuffs, absorbable organic halogens (AOX), toxicity, non-biodegradable organic compounds (COD), chlorinated or halogenated organic compounds, aromatic compounds including phenol and bis-phenol A (BPA), and inhibitory compounds for biological treatment systems. Furthermore, it drives the demand for home appliances such as water purifiers and industrial water purification plants. Need of pure and reliable quality drinking water increases the growth of activated carbon market. Rapid growth of population in countries such as China and India focus on water purification standards to maintain healthy life style of citizens.
Furthermore, urbanization and new residential projects in China and India increase the concerns over quality and safety of municipal water supply in major cities. In addition, rise in chlorine level of drinking water in the U.S. drives the growth of the market. Furthermore, regulatory authorities focus on water purification plans to maintain water quality standards.
The activated carbon market is segmented on the basis of type, end-use industry, application, and region. By product type, it is segmented into powdered, granular, and others. On the basis of end-use industry, it is classified into water treatment, food & beverage processing, pharmaceutical & medical, automotive, air purification, and other end-uses. Depending on application, it is fragmented into liquid and gaseous. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major players that operate in the global activated carbon market include ADA-ES, INC., Jacobi Carbons AB, Siemens Water Technologies Corp., Kureha Corporation, Calgon Carbon Corporation, Carbo Tech AC GmbH, Carbon Resources LLC, CLARINEX Group, Carbon Activated Corp., and Cabot Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the activated carbon market analysis from 2020 to 2030 to identify the prevailing activated carbon market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the activated carbon market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global activated carbon market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Powdered Activated Carbon
- Granular Activated Carbon
- Others
By Application
- Liquid Phase
- Gaseous Phase
By End-use Industry
- Water Treatment
- Food Beverage
- Pharmaceutical Medical
- Automotive
- Air purification
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- CLARINEX Group
- Carbon Activated Corp.
- Cabot Corporation
- ADA-ES, INC.
- Jacobi Carbons AB
- Siemens Water Technologies Corp.
- Kureha Corporation
- Calgon Carbon Corporation
- Carbo Tech AC GmbH
- Carbon Resources LLC
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ACTIVATED CARBON MARKET, BY PRODUCT TYPE
CHAPTER 5: ACTIVATED CARBON MARKET, BY APPLICATION
CHAPTER 6: ACTIVATED CARBON MARKET, BY END-USE INDUSTRY
CHAPTER 7: ACTIVATED CARBON MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Activated Carbon Market,' the activated carbon market was valued at $3.2 billion in 2020, and is estimated to reach $5.8 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030.Activated carbon is used for adsorption and chemical reactions for purification, decaffeination, fuel storage, water treatment, and food processing. The global activated carbon market is expected to witness significant growth in forecast period, owing to increase in concerns about health risks associated with drinking contaminated water, improvement in environmental standards, and growth in industrialization. Environmental factors affect availability of raw materials, such as coconut shells increase the cost of raw material, which hamper the growth of activated carbon market.
On the basis of product type, the powdered activated carbon segment dominated the global activated carbon market in 2020, and is expected to maintain its dominance during the forecast period, owing to its properties and cost-effectiveness. Use of powdered activated carbon in water and air purification plants increases for removing impurities, including pollutants and mercury. Strict environmental standards boost the growth of mercury removal plants in industries, resulting in an increase in the activated carbon market throughout the forecast period.
- On the basis of application, the liquid segment dominated the global activated carbon market in 2020, and is expected to maintain its dominance during the forecast period, owing to increase in number of applications.
The major players that operate in the global activated carbon market include ADA-ES Inc., Jacobi Carbons AB, Siemens Water Technologies Corp, Kureha Corporation, Calgon Carbon Corporation, Carbotech, Carbon Resources LLC, Clarinex Group, Carbon Activated Corporation, and Cabot Corporation.
Key findings of the Study
- On the basis of product type, the powdered activated carbon segment emerged as the global leader by acquiring more than 50% of the market share in 2020.
- On the basis of application, the liquid segment emerged as the global leader by acquiring more than 55% of the market share in 2020.
- On the basis of end-use industry, the water treatment segment emerged as the global leader by acquiring more than 40% of the market share in 2020.
- On the basis of region, Asia-Pacific is the major consumer of activated carbon among other regions. It accounted for around 35% of the global market share in 2020.
IMPACT OF COVID-19 ON THE GLOBAL ACTIVATED CARBON MARKET
- Transport limitations were implemented, resulting in reduced industrial production and disrupted supply chains, which affected global economic growth by a substantial proportion, severely impacting market growth, owing to COVID-19 pandemic.
- Companies do not earn any profit as a result of the halt in work and the companies not only lose money but also lose suppliers who provide the required materials to various companies to be used in water treatment sector.
- Furthermore, due to social distancing norms during COVID-19, the manufacturing companies work with limited workforce thus, negatively impacting the production and food & beverage processes.
Companies Mentioned
- CLARINEX Group
- Carbon Activated Corp.
- Cabot Corporation
- ADA-ES, INC.
- Jacobi Carbons AB
- Siemens Water Technologies Corp.
- Kureha Corporation
- Calgon Carbon Corporation
- Carbo Tech AC GmbH
- Carbon Resources LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 382 |
| Published | May 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 3.2 billion |
| Forecasted Market Value ( USD | $ 5.8 billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
