ACTIVATED CARBON MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The high production cost involved in manufacturing activated carbon is one of the major factors restraining the growth of the global activated carbon market. Activated carbon is produced through a process known as activation, where a carbonaceous source material like coal, coconut shell or wood is treated with chemicals or steam at high temperatures. This activation process requires huge amount of energy and leads to large capital investments in setting up production facilities.

Market Opportunities: Growth in developing regions

Growth in developing regions presents a significant opportunity for the global activated carbon market. Countries in Asia Pacific, South America, Middle East and Africa are witnessing rapid industrialization and infrastructure development. With improving economic conditions, consumption of processed food and beverages is also rising sharply in these regions. Stringent food safety regulations and increasing health consciousness have further boosted the demand for activated carbon as a key processing additive and purification agent.