Activated Carbon Market, Analysis, Size, Share, Growth, Trends and Forecast 2030
Research Reports
Mar 28, 2022
Activated Carbon Market Overview
As per the reports by MRFR, the activated carbon market is likely to exhibit a CAGR of 8.31% during the forecasted timeframe to acquire a market value of USD 9,425.6 million by 2028.
Activated carbon refers to a carbonaceous material with a large internal surface area and a highly developed porous structure. It primarily consists of nearly 85–90?rbon and additional components that depend upon the raw materials and the processing method used. The porous structure of activated carbon allows it to absorb various materials from gases and liquids. It is thus applicable in removing elements and toxic gases from industrial waste, flue gas, natural gas, effluents, and others.
The global market for activated carbon is projected to exhibit a substantial growth over the forecast timeframe given the rising demand for activated carbon in water treatment applications, stringent environmental regulations concerning mercury pollution, and rising demand in the healthcare and pharmaceuticals industry. However, the growth of the activated carbon market is projected to be impeded by the scarcity of raw materials.
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Key Players
- Cabot Corporation
- Osaka Gas Chemicals Co., Ltd
- Kuraray Co., Ltd
- Haycarb (Pvt) Ltd
- Kureha Corporation
- Donau Carbon GmbH
- DESOTEC Activated Carbon
- Oxbow Activated Carbon
- Silcarbon Aktivkohle GmbH
- Karbonous Inc
- Lenntech BV. Cabot Corporation
- Osaka Gas Chemicals Co., Ltd
- Kuraray Co., Ltd
- Haycarb (Pvt) Ltd
- Kureha Corporation.
Activated Carbon Market Segmentation
The activated carbon market is divided into several segments based on application, type, and region.
By type, the market is divided into extruded activated carbon, granular activated carbon, powdered activated carbon, and others.
Based on application, the market is classified into the catalyst, metal extraction, automotive, industrial chemicals, pharmaceuticals, food and beverage, air purification, water purification, and others.
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Regional Classification
The global activated carbon market is divided into the Middle East & Africa, Latin America, North America, Asia-Pacific, and Europe.
The activated carbon market for Asia-Pacific region topped the market globally with the largest market share of over 30% in 2019 and is projected to maintain the dominance during the forecast timeframe. The regional market’s growth is driven by several aspects, such as the rising need for water purification. It reuses the industrial sector and growth in energy, food & beverage, and chemical industries in Indonesia, India, and China. Additionally, the anticipated rise in product consumption in pharmaceutical and energy storage applications, growing use of activated carbon to cut back the gaseous emissions from automobiles, and growth of the automotive industry are also playing a crucial role in catalyzing the market growth for the region.
The North American region holds the second position in the global activated carbon market, given environmental concerns.
The European market for activated carbon is projected to witness moderate growth over the review timeframe owing to the weak economic scenario and saturation of end-use industries. However, standards and government initiatives to safeguard the environment and stringent regulations imposed are anticipated to boost the market growth in the coming years.
Recent Development
In September 2021, Cabot Norit Americas, Inc. and ADA Carbon Solution, LLC have entered 15 years Activated Carbon supply agreement. Under this agreement, ADA will manufacture and supply Cabot’s portfolio of lignite-based Activated Carbon products to Cabot Norit.
In June 2020, Cabot collaborated with the US Environmental Protection Agency (EPA) to control emissions from carbon black manufacturing facilities.
In February 2020, Desotec announced the opening of its new reactivation plant in Roeselare, Belgium, with an aim to expand its capacity of recycled spent Activated Carbon by 70%. The opening of the plant will also strengthen the company’s leading position in Europe for closed-loop mobile purification services.
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Table of Content
1 EXECUTIVE SUMMARY 17
1.1 MARKET ATTRACTIVENESS ANALYSIS 19
1.1.1 GLOBAL ACTIVATED CARBON MARKET, BY TYPE 20
1.1.2 GLOBAL ACTIVATED CARBON MARKET, BY APPLICATION 21
1.1.3 GLOBAL ACTIVATED CARBON MARKET, BY REGION 22
2 MARKET INTRODUCTION 23
2.1 DEFINITION 23
2.2 SCOPE OF THE STUDY 23
2.3 MARKET STRUCTURE 24
3 RESEARCH METHODOLOGY 25
3.1 RESEARCH PROCESS 25
3.2 PRIMARY RESEARCH 26
3.3 SECONDARY RESEARCH 27
3.4 MARKET SIZE ESTIMATION 28
3.5 TOP-DOWN AND BOTTOM-UP APPROACH 28
3.6 FORECAST MODEL 29
3.7 LIST OF ASSUMPTIONS & LIMITATIONS 30
4 MARKET DYNAMICS 31
4.1 INTRODUCTION 31
4.2 DRIVERS 32
4.2.1 STRINGENT ENVIRONMENTAL REGULATIONS PERTAINING TO MERCURY POLLUTION 32
4.2.2 INCREASING DEMAND FOR ACTIVATED CARBON IN WATER TREATMENT APPLICATIONS 33
4.2.3 HIGH DEMAND IN THE PHARMACEUTICALS AND HEALTHCARE INDUSTRY 34
4.3 RESTRAINTS 36
4.3.1 SCARCITY OF RAW MATERIALS 36
4.3.2 DISADVANTAGES OF ACTIVATED CARBON AS A FILTER 37
4.4 OPPORTUNITIES 37
4.4.1 INCREASING DEMAND FOR REACTIVATED CARBON 37
4.4.2 GROWING POPULARITY OF THE PRODUCT IN SMART ELECTRONICS AND ELECTRIC VEHICLES 38
4.5 CHALLENGE 39
4.5.1 AVAILABILITY OF SUBSTITUTES 39
5 MARKET FACTOR ANALYSIS 40
5.1 SUPPLY CHAIN ANALYSIS 40
5.1.1 RAW MATERIALS SUPPLIERS 40
5.1.2 MANUFACTURERS 41
5.1.3 DISTRIBUTION & SALES CHANNEL 41
5.1.4 END-USE INDUSTRY 41
5.2 PORTER’S FIVE FORCES ANALYSIS 42
5.2.1 THREAT OF NEW ENTRANTS 42
5.2.2 RIVALRY 43
5.2.3 THREAT OF SUBSTITUTES 43
5.2.4 BARGAINING POWER OF SUPPLIERS 43
5.2.5 BARGAINING POWER OF BUYERS 43
5.3 PRICING 44
5.4 OEM/PLANT MANUFACTURING COMPANIES 44
5.5 TRADING ANALYSIS 45
5.6 IMPACT OF COVID 19 OUTBREAK ON GLOBAL ACTIVATED CARBON MARKET 47
5.6.1 OVERVIEW OF SUPPLY SCENARIO 47
5.6.1.1 PRODUCTION/ SUPPLY SCENARIO 47
5.6.2 IMPACT ON ACTIVATED CARBON SUPPLIERS 47
5.6.3 IMPACT ON ACTIVATED CARBON MANUFACTURERS 48
5.6.4 IMPACT ON ACTIVATED CARBON END USERS 48
5.7 ENVIRONMENTAL REGULATIONS REGARDING ACTIVATED CARBON PRODUCTION IN MAJOR MARKETS 48
5.7.1 BIOCIDAL PRODUCTS REGULATION (BPR) IN EUROPE 48
5.7.2 REACH REGULATION 49
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