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

The activated carbon market is estimated to be valued at USD 4.83 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031. Activated carbon, also called activated charcoal, is a form of carbon that has been processed to make it extremely porous and thus to have a very large surface area available for adsorption or chemical reactions. Due to its high degree of microporosity, just one gram of activated carbon has a surface area in excess of 500m2, as determined by gas adsorption. This extraordinary high adsorptive capacity has made activated carbon useful in countless applications, ranging from water purification to air filters and filtering liquids. The global activated carbon market has gained significant traction over the years due to increased implementation of stringent environmental regulations coupled with expanding demand from water and air treatment applications.

 Market Dynamics:

The global activated carbon market is driven by the rising demand from automotive, food & beverage and industrial gas purification applications. Furthermore, stringent government regulations regarding emission control and water treatment standards have augmented the market growth. Additionally, activated carbon's high adsorption capacity, non-toxic nature and regenerative properties have increased its adoption across industries. However, the availability of alternative purification methods and high cost of production are limiting the market expansion. Moreover, unstable prices of raw materials are a major challenge. On the other hand, developing end-use industries in emerging nations are expected to pave new growth opportunities in the coming years. Development of novel production technologies to reduce costs will further provide impetus to industry players.

Key Features of the Study:

• This report provides in-depth analysis of the global activated carbon market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global activated carbon market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Carbon Activated Corporation, Jacobi Carbons Group, Boyce Carbon, CarbPure Technologies, Cabot Corporation, Kuraray Co., Carbo Tech AC GmbH, Donau Chemicals AG, Haycarb (Pvt) Ltd., Kureha Corporation, Osaka Gas Chemicals Co., Ltd., Evoqua Water Technologies LLC, Oxbow Activated Carbon LLC, Hangzhou Nature Technology Co., Ltd., Datong Coal Jinding Activated Carbon Co., Carb USA, and Sorbent JSC
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global activated carbon market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global activated carbon market

Detailed Segmentation-

• By Product Type:
• • Powder
  • Granular
  • Others
• By Raw Material Type:
• • Coal
  • Coconut
  • Wood
  • Others
• By End-user:
• • Water Treatment
  • Food & Beverage Processing
  • Pharmaceutical & Medical
  • Automotive
  • Air Purification
  • Others
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Carbon Activated Corporation
  • Jacobi Carbons Group
  • Boyce Carbon
  • CarbPure Technologies
  • Cabot Corporation
  • Kuraray Co.
  • Carbo Tech AC GmbH
  • Donau Chemicals AG
  • Haycarb (Pvt) Ltd.
  • Kureha Corporation
  • Osaka Gas Chemicals Co., Ltd.
  • Evoqua Water Technologies LLC
  • Oxbow Activated Carbon LLC
  • Hangzhou Nature Technology Co., Ltd.
  • Datong Coal Jinding Activated Carbon Co.
  • Carb USA
  • Sorbent JSC