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A01192 | Pages: 382 | Charts: 64 | Tables: 150 |
The global activated carbon market size was valued at $3.2 billion in 2020, and is projected to reach $5.8 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030.
Activated carbon is processed carbon with small and low-volume pores to increase surface area for chemical reactions and adsorption. Activated carbon is produced by processing organic material with high carbon content. Physical adsorption is main property of activated carbon, which is useful for purification, decaffeination, metal finishing, medicine, filters, removal of pollutant, and fuel storage. Liquid and gaseous phases of activated carbon enhance its uses in removal of lead, dissolved radon, mercury ,and other odor-causing compounds.
Health risks associated with drinking impure water are rising constantly among consumers. Improvement in drinking water treatments, growth in automobile ownership rates, and increase in manufacturing & environmental standards boost the growth of activated carbon market. Many counties, including China and India invest in water purification plants, which increases the demand for activated carbon. Increase in initiatives of government regarding subsidies and industrialization drives the growth of activated carbon market. Demand for mercury control technology for industrial air purification applications drives the market growth. Growth in market for activated carbon can be increased through geographic expansion and new product development.
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The activated carbon market is segmented into Product Type, Application and End-use Industry.
The activated carbon market is segmented on the basis of product type, end-use industry, application, and region. By product type, it is segmented into powdered, granular, and others. On the basis of end-use industry, it is classified into water treatment, food & beverage, pharmaceutical & medical, automotive, air purification, and other end-uses. According to application, it is segmented into liquid and gaseous. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
[PRODUCTTYPEGRAPH]
The powdered activated carbon segment dominated the global activated carbon market in 2020, and is expected to maintain its dominance during the forecast period, owing to increase in demand for mercury removal plants at coal and other industrial plants, due to strict environmental regulations related to pollutant emissions.
[APPLICATIONGRAPH]
The liquid segment dominated the global activated carbon market in 2020 and is expected to maintain its dominance during the forecast period, owing to increase in demand of wastewater treatment, groundwater remediation, chemical purification, food grade applications, pharmaceutical, potable water treatment, and removal of odor causing compounds, lead, dissolved radon, and chlorine.
[ENDUSEINDUSTRYGRAPH]
The water treatment segment dominated the global activated carbon market in 2020, and is expected to maintain its dominance during the forecast period, owing to the increase in demand for water treatment processes which increased due to scarcity of water and rise in industrialization in near future which holds the opportunity for the growth of water treatment market.
[REGIONGRAPH]
Asia-Pacific accounted for the largest share of the activated carbon market in 2020. Asia-Pacific market for activated Carbon is expected to grow at the highest CAGR, in terms of both volume and value. Developing countries, such as China, India, and others, generate a very high demand for activated carbon, owing to increase in demand for automotive sector.
Key Market Segments
Key Market Players