The augmenting demand for clean drinking water and implementation of the strict regulatory framework for controlling greenhouse gas emissions are significant factors propelling the market growth.
The global Activated Carbon Market is expected to be valued at USD 14.07 Billion in 2027 from USD 6.70 Billion in 2019, registering a CAGR of 9.6% through the forecast period. The expansion of the market can be accredited to the augmenting application of activated carbon in the medical and pharmaceutical sectors. Activated carbon is extensively used to minimize the production of pollutants during the drug manufacturing processes. Additionally, the implementation of stringent regulations to remove mercury from natural gas production units, power plant emissions, and other man-made sources is further projected to fuel the market growth.
The growing application of activated carbon in treatment of water to ensure the water is potable and to treat water in industries is also adding to the market expansion. Activated carbon is an excellent adsorbent and has a high specific surface area, which is beneficial in mercury emissions, thereby driving its adoption in emission control applications. The environmental rules and policies to mitigate mercury emissions from manmade sources are also projected to propel the industry’s growth.
The growing demand for activated carbon for gas-phase and water applications coupled with an increasing requirement from the United States, rapid advancement in technology, and growing apprehension about healthy lifestyle are some of the significant factors bolstering the market growth over the projected period.
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Key Highlights from the Report:
Granular activated carbon (GAC) is an efficient option to remove certain chemicals such as organic chemicals from the water. GAC filters also eliminate chemicals that confer objectionable taste or odor to the water.
Coal-based activated carbon is extensively used in the purification of potable water thereby driving the segment’s growth. The segment is foreseen to proliferate at a significantly high CAGR during the projected timeframe.
The automotive end-use industry is foreseen to expand at a significantly high CAGR in the estimated timeframe. In the automotive sector, activated carbon is extensively used to control emissions to remove VOCs and enhance the air quality of the cabin using activated carbon filter pads. It is also used to create electrodes for super-capacitors.
Europe is projected to occupy a substantial share of the industry in the estimated period owing to the implementation of stringent regulations by the government concerning the environment and increasing consciousness about the environment in the region. The increasing economic development in the region is also driving the regional demand.
Prominent players in the market include Prominent Systems Inc., Cabot Corporation, Kuraray Co. Ltd., Donau Carbon GmbH, Osaka Gas Co., Ltd., Silcarbon Aktivkohle GmbH, Oxbow Activated Carbon LLC, Kureha Corporation, Boyce Carbon, and Calgon Carbon Corporation, among others.
In November 2020, AquaShield introduced Philips Water GoZero, a new product line of Philips-branded hydration products to transform the way of water consumption. The product enables consumers to enjoy clean and fresh drinking water on-the-go from both tap and natural sources in a sustainable manner.
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For the purpose of this report, Emergen Research has segmented the global Activated Carbon Market on the basis of type, raw material, end-user, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Polymer Coated Activated Carbon
Powdered Activated Carbon
Bead Activated Carbon
Granular Activated Carbon
Extruded Or Pelletized Activated Carbon
Other Activated Carbon
Raw Material Outlook (Revenue, USD Billion; 2017-2027)
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Food & Beverage Processing
Pharmaceutical & Medical
Others Regional Outlook (Revenue, USD Billion; 2017-2027)
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Activated Carbon Market Segmentation & Impact Analysis
4.1. Activated Carbon Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Check Over Mercury Emission for Pollution Control Leading the Demand for Activated Carbon
126.96.36.199. Research and New Product Development
4.2.3. Market restraints analysis
188.8.131.52. Scarcity of Raw Materials
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Activated Carbon Market By Type Insights & Trends Revenue (USD Million)
5.1. Type Dynamics & Market Share, 2019 & 2027
5.1.1. Polymer Coated Activated Carbon
5.1.2. Powdered Activated Carbon
5.1.3. Bead Activated Carbon
5.1.4. Granular Activated Carbon
5.1.5. Extruded Or Pelletized Activated Carbon
5.1.6. Other Activated Carbon
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