NEW
YORK, Aug. 9, 2024 /PRNewswire/ -- The global
activated carbon market size is estimated to grow by USD 1.95 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of over 9.45%
during the forecast period. Increased need for purification in
different industrial processes is driving market growth, with a
trend towards growing demand for pollution control. However,
technical limitations of activated carbon products poses a
challenge. Key market players include Advanced Emissions Solutions
Inc., Albemarle Corp., BASF SE, Boyce
Carbon, Cabot Corp., Carbon Activated Corp., CarboTech AC
GmbH, Donau Carbon GmbH, Evoqua Water Technologies LLC, General
Carbon Corp., Hayleys Plc, Ingevity Corp., KURARAY Co. Ltd., Kureha
Corp., MFAR Holdings Pvt Ltd., Osaka Gas Co. Ltd., Puragen
Activated Carbons, Shinkwang Chem. Industry Co. Ltd., Tronox
Holdings Plc, and Universal Carbons.
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Activated Carbon
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
9.45%
|
Market growth
2024-2028
|
USD 1959.5
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
8.42
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 46%
|
Key
countries
|
China, US, The
Netherlands, Belgium, and India
|
Key companies
profiled
|
Advanced Emissions
Solutions Inc., Albemarle Corp., BASF SE, Boyce Carbon, Cabot
Corp., Carbon Activated Corp., CarboTech AC GmbH, Donau Carbon
GmbH, Evoqua Water Technologies LLC, General Carbon Corp., Hayleys
Plc, Ingevity Corp., KURARAY Co. Ltd., Kureha Corp., MFAR Holdings
Pvt Ltd., Osaka Gas Co. Ltd., Puragen Activated Carbons, Shinkwang
Chem. Industry Co. Ltd., Tronox Holdings Plc, and Universal
Carbons
|
Market Driver
The global activated carbon market is anticipated to grow due to
the increasing demand for mercury control technology in industrial
air purification applications. Strict regulations, such as the US
EPA's Maximum Achievable Control Technology (MACT) standards and
the European Commission's Industrial Emissions Directive (IPPC),
require sources to implement the best available techniques (BAT) to
prevent mercury contamination. These regulations apply to various
industries, including coal-fired power plants, cement plants, and
facilities with large industrial boilers. China, which has a significant amount of
mercury consumption, is working to narrow the gap between its
mercury pollution prevention and management practices and those of
developed countries. New regulations in countries like Canada and the US, effective in 2021, may
compel coal-fired power stations to update mercury-control
equipment. The European Union (EU) and other nations, such as
Australia and Japan, are also developing programs to monitor
mercury emissions from coal-fired power plants and plan to adopt
standards in the near future. These factors are expected to boost
the demand for activated carbon in pollution control applications,
positively impacting the market's growth during the forecast
period.
Activated carbon, also known as activated charcoal, is a popular
adsorbent used in various industries for water treatment and air
purification. The market for activated carbon includes forms like
Powdered Activated Carbon (PAC) and Granular Activated Carbon
(GAC). Sources of activated carbon include coal, coconut shell,
peat, and wood. Key industries utilizing activated carbon are water
treatment, food and beverages, pharmaceuticals, medical sectors,
automotive, industrial applications, and mercury control
technology. Raw materials like coal, coconut shell, resin, viscose
rayon, and calcium, iron, and ash content impact the carbon yield
and price. Manufacturing technical developments focus on enhancing
small pores' surface area and adsorption capability for better
product purity. Global economic challenges and lockdowns have
affected the supply chain, leading to pricing and product quality
concerns. Regulations on pollution control continue to evolve,
driving innovation and growth in the activated carbon market. Major
industries like the chemical, petrochemical, and mining sectors
rely on activated carbon for various applications, including
potable water filtration, sewage treatment plants, and mercury
control technology. Despite raw material price rises, the market
for activated carbon remains robust due to its crucial role in
pollution control.
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Market Challenges
- Activated carbon filters' effectiveness relies on the
appropriate proportion of activated carbon used. However, they do
not eliminate all impurities, particularly nitrates, sodium, heavy
metals, certain bacteria, and viruses. Clogging and channeling are
also common issues. In terms of storage, activated carbon requires
low oxygen conditions and should be kept in a cool, dry,
well-ventilated area, away from heat, sparks, flames, and moisture.
Prolonged storage may lead to lumping or cracking. These
limitations and technical challenges will restrict the growth of
the global activated carbon market.
- The Activated Carbon Market faces several challenges in various
industries like chemical, petrochemical, and mining. Raw material
availability and price rise are key concerns, with coconut shell
and resin being major sources. The chemical industry relies heavily
on activated carbon for purifying petrochemicals, while the mining
industry uses it for purifying water and reducing ash content.
Global economic challenges and lockdowns disrupt supply
chains, affecting pricing and product quality. In sewage treatment,
small pores and high surface area enhance adsorption capability,
making it essential for water treatment plants. Manufacturing
technical developments aim for higher carbon yield and product
purity. Regulations on pollution control and demand for purified
air and water drive growth in air treatment and water treatment
recycling applications. Prices for key raw materials like calcium,
iron, and meso and macropores have risen, impacting manufacturing
processes. The automobile industry and geriatric population growth
fuel demand for activated carbon in air purification and water
filtration, respectively. Cabot Corporation, a leading player,
focuses on regeneration and product innovation to meet these
challenges.
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Segment Overview
This activated carbon market report extensively covers market
segmentation by
- Product
- 1.1 Powdered
- 1.2 Granular
- 1.3 Others
- Application
- 2.1 Air purification
- 2.2 Water purification
- 2.3 Medical and pharmaceutical products
- 2.4 Food and beverage
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Powdered- The powdered activated carbon market
is projected to expand during the forecast period due to its
increasing usage in various industries. Its versatility and lower
initial cost compared to other types of activated carbon make it a
preferred choice. Powdered activated carbon, available in coarse
and fine grades with particle sizes ranging from 5 A to 150 A, is
primarily used in liquid-phase adsorption techniques. It is widely
adopted in water treatment plants for taste, color, and odor
control, as well as the removal of organic chemicals. In the food
and beverage industry, it is utilized for decolorization and
deodorization processes in wine, beer, and several other products.
Moreover, in the pharmaceutical sector, it is employed for
decolorization and deodorization operations. The growing
industrialization and urbanization in developing countries, along
with stringent regulations on mercury emissions, are expected to
fuel the demand for powdered activated carbon in air purification
systems. These factors collectively contribute to the growth of the
powdered activated carbon market during the forecast period.
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analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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reports
The global Air Cleaner Filters Market is experiencing
significant growth, driven by increasing concerns over air quality
and the rise in respiratory ailments. With advancements in
technology and the adoption of air purification systems across
residential, commercial, and industrial sectors, the market is
expected to expand rapidly. Key players are focusing on innovative
filter designs and sustainable materials to meet stringent
environmental regulations. North
America and Asia-Pacific
are the leading regions, with strong demand from urban areas and
industrial hubs boosting market growth.
Research Analysis
Activated carbon, also known as activated charcoal, is a porous
form of carbon derived from various sources such as coal, coconut
shell, peat, and wood through a process called activation. It comes
in different forms, including Powdered Activated Carbon (PAC) and
Granular Activated Carbon (GAC). The small pores and large surface
area of activated carbon make it an effective adsorbent for various
applications. In water treatment, activated carbon is used to
remove impurities, including chlorine, taste and odor compounds,
and heavy metals. It's also crucial in the Food and Beverages
industry for decolorization, deodorization, and filtration. In
Pharmaceuticals and Medical sectors, it's used for air and water
purification and in Mercury control technology. The Automotive
industry uses it for air filtration, while Industrial applications
span from chemical and petrochemical industries to the Mining
industry for gas and liquid purification. Key raw materials include
coal, coconut shell, resin, and other organic materials.
Manufacturing technical developments continue to enhance the
capabilities of activated carbon, including its use in sewage
treatment and potable water filtration. The chemical industry and
petrochemical industry also rely on activated carbon for various
processes.
Market Research Overview
Activated carbon, also known as activated charcoal, is a porous
form of carbon derived from various sources like coal, coconut
shells, peat, and wood. It comes in different forms such as
Powdered Activated Carbon (PAC) and Granular Activated Carbon
(GAC). The small pores and high surface area make it an excellent
adsorbent for various applications. In water treatment, activated
carbon is used to remove impurities and improve water quality in
potable water filtration and sewage treatment plants. In the food
and beverages industry, it is used for decolorization and flavor
improvement. In pharmaceuticals and medical sectors, it is used for
purification and adsorption of toxins. The chemical and
petrochemical industries use activated carbon for mercury control
technology and in the mining industry for pollution control. The
global economic challenges have led to price rises and
manufacturing technical developments to increase carbon yield and
product purity. Raw materials like coconut shell, resin, viscose
rayon, calcium, iron, and ash content affect the quality of
activated carbon. Regulations for pollution control and purified
air and water applications are driving the demand for activated
carbon in various industries. Activated carbon's adsorption
capacity makes it an essential component in air treatment and
purification applications. Its regeneration and reuse make it a
cost-effective solution for industries. The automotive industry
uses activated carbon in air treatment and purification, while the
geriatric population's increasing demand for water filtration
systems is another growth area. Manufacturing processes, product
quality, and pricing are key factors influencing the activated
carbon market. The supply chain has been affected by lockdowns and
pricing volatility, leading to challenges in the industry. Key
applications of activated carbon include water treatment, food and
beverages, pharmaceuticals, medical sectors, automotive, industrial
applications, mercury control technology, and air purification. The
market is expected to grow due to increasing demand from various
industries and regulatory requirements for pollution control.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Application
-
- Air Purification
- Water Purification
- Medical And Pharmaceutical Products
- Food And Beverage
- Others
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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