The growing focus of manufacturers on developing activated carbon from biological sources and agro-wastes, in response to the global focus on sustainable development and circular economies, is likely to remain key activated carbon market trends.
The rising adoption of activated carbon for wastewater treatment is fuelling the demand for activated carbon. Over the past two decades, the demand for wastewater treatment has increased due to the trend of recovering water from energy generation processes. Governments of the US, Germany, Thailand, the Philippines, China, and India have commenced programs and initiatives to support wastewater treatment and circular economy through statutory or legislative authorities. According to the US Environmental Protection Agency report published in 2022, ~128.7 billion liters of wastewater is processed in wastewater treatment plants in the US. The report also reveals that 20% of US households use septic tanks and systems for local wastewater treatment.
Activated carbon is manufactured in distinct forms to serve specific applications of various end use industries such as air & gas purification, wastewater treatment, chemicals, and food & beverages, among others. The available forms of activated carbon include powder, pellets, extrudates, granules, honeycomb-structure, impregnated, and reactivated. Granular form of activated carbon is widely used in water treatment plants, whereas powdered activated carbon is utilized in the food & beverage industry for various applications such as purification and refining. The high adsorptive capacities of activated carbon make it a suitable option for the extraction of gold from the gold-cyanide mixture. Further, the water treatment is one of the major application segments for the activated carbon. Activated carbon is also highly used for industrial air treatment in petrochemical plants, landfill sites, manufacturing operations, and chemical processing facilities to filter hazardous pollutants such as volatile organic compounds.
Mercury emissions are hazardous to the environment & human health and are released from coal-fired power plants. Many countries have set regulations on the amounts of toxins released from these power plants. Owing to the Global Mercury Partnership, regulations and policies in different countries have been intensified. Advanced control technologies, including hardware and software, are applied to reduce mercury emissions. Activated carbon is one of the most prominent parts of hardware used in these technologies to filter air. Moreover, impregnated activated carbon has also been developed by the addition of other materials, such as sulfur, to control mercury emissions efficiently. Therefore, the growing demand for air purification is driving the demand for activated carbon in the world.
Several research studies have been conducted worldwide to engineer efficient production processes for activated carbon and develop high-performance activated carbon. Scientists are focused on developing cost-effective, optimized, and efficient technologies to produce activated carbon. In 2021, a research team from Central South University, Changsha, China, with the support of the National Natural Science Foundation of China, proposed a research plan for the one-step preparation of activated carbon from carbon-based feedstocks such as low-grade coal and oxidized pellets.
Key segments that contributed to the derivation of the activated carbon market analysis are type and application.
The geographic scope of the activated carbon market report is mainly divided into six regions: North America, Western Europe, Eastern Europe, Asia Pacific, Middle East & Africa, and South & Central America.
Asia Pacific has dominated the activated carbon market. According to the European Chemical Industry Council, China's share of global chemicals market sales increased to 43.0% in 2021, up from 28.3% reported in 2011. An increase in the requirement for various chemicals and a subsequent rise in production is expected to boost the demand for activated carbon for chemical purification and processing. Moreover, the increasing establishment of water treatment facilities and equipment drives the activated carbon market. North America is anticipated to grow with the highest CAGR in the coming years.
The activated carbon market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:
The regional trends and factors influencing the Activated Carbon Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Activated Carbon Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 4.11 Billion |
| Market Size by 2031 | US$ 7.71 Billion |
| Global CAGR (2023 - 2031) | 8.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Activated Carbon Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Activated Carbon Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The “Activated Carbon Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: