Activated Carbon Market By Product Type (Granular, Powdered and Others); By End-Use (Gaseous Phase (General Industries, Automotive and Others) Liquid Phase (Chemicals, Pharmaceuticals, Food & Beverage and Others)); By Regions, Segments & Forecast, 2018 -

Activated Carbon Market By Product Type (Granular, Powdered and Others); By End-Use (Gaseous Phase (General Industries, Automotive and Others) Liquid Phase (Chemicals, Pharmaceuticals, Food & Beverage and Others)); By Regions, Segments & Forecast, 2018 - 2026

The global activated carbon market size is expected to reach USD 9.03 Billion by 2032, according to a new study by Polaris Market Research. The report “Activated Carbon Market Share, Size, Trends, Industry Analysis Report, By Product Type (Granular, Powdered, Others); By Application; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The activated carbon industry is expected to witness substantial growth in the near future due to the rising demand from various end-use sectors such as water treatment, air purification, and food and beverage processing. The market's expansion is also anticipated to be driven by the increasing awareness of environmental pollution and the need for efficient wastewater treatment solutions. Furthermore, the use of activated carbon in the production of energy storage devices, such as batteries and supercapacitors, is expected to boost the market's growth further.

Despite the market's potential for growth, several factors impede its progress, including the high cost of the raw materials used in its production. The availability of alternative technologies, such as membrane filtration and ion exchange resins, poses a threat to the market's growth. Additionally, the pandemic-like situation has negatively impacted the market, causing disruptions in supply chains and decreased demand from some end-use sectors.

The activated carbon market is witnessing significant growth owing to the increasing demand for air purification devices. With growing awareness regarding the harmful effects of air pollution, people are increasingly seeking ways to improve indoor air quality. Activated carbon is a crucial element in many air purification systems due to its highly effective adsorption properties, which enable it to remove impurities and contaminants from the air. In order to maintain a competitive edge in the market, businesses engage in various activities such as research and development, production, marketing, and sales.

Activated Carbon Market Report Highlights

The powdered activated carbon segment possessed the highest percentage of revenue in the global market in the year 2023 because of its widespread application in water treatment, air purification, and food and beverage processing.

In 2023, the global activated carbon market was predominantly led by the water treatment segment. This was due to the applications it offered in terms of removing impurities and contaminants from water.

The Asia Pacific region is expected to be the major market player owing to various factors. The burgeoning population and industrialization in countries such as China, India, and Indonesia have resulted in a rise in wastewater production. This, in turn, has fueled the demand for activated carbon for water treatment applications.

The global key market players include Boyce Carbon, Cabot Corporation, Carbon Activated Corporation, CarboTech AC GmbH, CarbPure Technologies, Donau Chemie AG, Evoqua Water Technologies LLC, Haycarb PLC, Jacobi Carbons Group, Kuraray Co., Kureha Corporation, Osaka Gas Chemicals Co., Ltd., Oxbow Activated Carbon LLC, Tantech Holdings Ltd, etc.

Polaris Market Research has segmented the activated carbon market report based on product type, application, end-use, and region:

Activated Carbon, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

Granular

Powdered

Others

Activated Carbon, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Gas Phase

Liquid Phase

Activated Carbon, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

Air Purification

Automotive

Food & Beverage Processing

Pharmaceutical & Medical

Water Treatment

Others

Activated Carbon, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa