Activated Carbon Market Research Report Information By Product (Powdered, Granular, Others) By Raw Material (Coal, Coconut, Wood, Peat, Others) By Application (Liquid-Phase, Gas-Phase) By End-User (Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, Mining, Textiles, Electronics, Others) and By Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Industry Forecast to 2032
In 2023, the activated carbon market was estimated at USD 6.36 billion. The Activated Carbon industry is expected to increase from USD 6.84 billion in 2024 to USD 12.29 billion by 2032, with a compound annual growth rate (CAGR) of 7.60% over the forecast period (2024-2032). During the forecast period, the increasing demand for clean water and the requirement to remove impurities from water sources will be a major driver of the Activated Carbon Market. Activated carbon is widely used to remove natural organic molecules, taste and odor compounds, and manufactured organic pollutants from drinking water. It is an excellent adsorbent because it is very porous and has a wide surface area onto which pollutants can adsorb. It can also be used to soften water. Furthermore, heavy elements such as lead can only be removed using a specialized type of activated carbon water treatment, which is normally found only in home point-of-use filters. Chemicals, oil and gas, food and beverage, mining, and textiles are among the major manufacturing industries that produce a significant volume of wastewater each day. This water contains numerous pollutants, including non-biodegradable compounds, organic waste, and traces of metals and oxides. This needs the treatment of effluent water since, if left untreated, contaminated water can induce gastrointestinal disorders, diarrhea, nausea, dehydration, and death.
Market Segment insightsThe Activated Carbon Market has been categorized by product into Powdered, Granular, and Other.
The Activated Carbon Market has been categorized by raw material into Coal, Coconut, Wood, Peat, and Other.
The Activated Carbon Market has been divided into two segments depending on application: liquid-phase and gas-phase.
The market is divided into end-user segments such as water treatment, food and beverage processing, pharmaceutical and medical, automotive, air purification, mining, textiles, electronics, and others.
Activated Carbon Regional InsightsThe Asia Pacific region emerged as the leading and fastest-growing sector in the Activated Carbon market, with a CAGR of 9.36%. The segment is expected to generate USD 9,064.16 million by the end of the projection period. The strong growth of the chemicals, food and beverage, and automotive industries in China, India, and Indonesia is driving up demand for activated carbon. The increased requirement for water purification and reuse in the region's industrial sector due to water shortages is expected to drive up demand for the product in the future years. During the projection period, the regional market is expected to develop due to the region's growing automotive industry and the increasing use of activated carbon to reduce gaseous emissions from automobiles. According to Invest India, the electric vehicle market is expected to develop at a CAGR of 49% between 2022 and 2030, driving demand for activated carbon utilized in the automotive industry.
Major PlayersNORIT, Osaka Gas Chemicals Co., Ltd., Kuraray Co., Ltd., HAYCARB (PVT) LTD, Kureha, Donau Carbon GmbH, Silcarbon Aktivkohle GmbH, Lenntech B.V., Karbonous Inc., Karbonous Inc., Lenntech BV, and Carbon Activated Corporation are among the key companies in the Activated Carbon Market.