Activated Carbon Market Overview 2022 by Top Players, Demand, Industry Dynamics and Forecast till 2030

The activated carbon market is projected to reach USD 9,593.97 Million at 8.59% of the CAGR during the forecast timeline which is till 2030.

Activated carbon is the carbuncles material that comes with a highly developed porous structure and also there is a large internal surface area. It is made of nearly 90% carbon along with some other elements that depend on the use of the raw materials in the right processing way. The porous structure of the products let it absorb different materials from liquid and gasses and hence is applicable to remove the toxic glasses and elements from the industrial waste effluents, natural gas and flue to name some. The purification of the gas, gold purification, extraction of the metal and air filtration units and decaffeination are some major applications that were served by the product.

The activated carbon is more commonly used for absorbing the natural organic compounds, odour and taste compounds and also the synthetic organic chemicals from the drinking water. That is why with the increase in pollution and population, the safe portable driving water demand is increased which is projected to the demand for activated carbon over the forecast timeline. The materials with the carbon-based gaining quite popularity in different energy-based applications as they can be processed easily, are available in abundance and have thermal and chemical stability to name some. The activated carbon seems to be quite a prominent carbon material for such application because of its huge area on the surface and high pore volume and also relatively low price. In the coming years, activated carbon is estimated to the increased used in supercapacitors manufacturing and also for hydrogen storage.

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The covid 19 impact had quite a negative impact on the activated carbon product because of the supply chain disruption across the globe. The supply scenario is also dealing with many issues because of the travel restrictions and also the lockdown of the cities. But also the sourcing teams are now closely working with the suppliers so they can manage the raw materials supply proactively. But also, the pandemic is likely to have a short-term impact across the market. The impact of the long-term market on the other hand is likely to be quite moderate and also the operations across such market may bounce back to the normal one around the 2022 second quarter.

Market Segmentation:

As per the Type

• Granular Activated Carbon
• Others
• Extruded Activated Carbon
• Powder Activated Carbon

As per the Application

• Catalyst
• Automotive
• Others
• Pharmaceuticals
• Metal Extraction
• Air Purification
• Food & Beverage
• Water Purification
• Industrial Chemicals

Regional Classification:

As per the regional analysis that has been made it is found that the market of the global Activated Carbon is categorized into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa. Presently Asia pacific market is dominating the market during the assessment timeline.

Industry News:

Cabot Norit Americas, Inc September 2021 entered into an agreement with ADA Carbon Solution, LLC on Activated Carbon supply.

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