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Activated Carbon Filter Market Analysis by Type (Stainless Steel Shell, Carbon Steel Shell, and Others); and by Application (Industrial Water Pollution Treatment, Drinking Water Purification, Food & Beverage, Pharmaceutical, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Cabot Corporation has successfully acquired of Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon Group. The acquisition expands the company’s manufacturing capacity, while continuing to serve existing carbon black customers.

  • WesTech Engineering, LLC. has announced that the WWETCO FlexFilter has been conditionally accepted as an alternative filtration technology by the State of California under its Water Recycling Criteria (Title 22), Section 60320.5.

Global Activated Carbon Filter Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

Base Year Market Size (2022)

~ USD 300 Million

Forecast Year Market Size (2033)

~ USD 500 Million

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

 

The global activated carbon filter market is estimated to garner a revenue of ~USD 500 million by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 300 million in the year 2022. The primary growth factor for the activated carbon filter market is attributed to the prevalence of waterborne diseases and infections such as, hot tub rash, cyclosporiasis, Escherichia, cryptosporidiosis, algal blooms, and others across the world. As per a report published in 2019, it stated that around 80% of the diseases in the world were waterborne diseases.

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Activated carbon filters are being utilized in the process of removing organic compounds for the purpose of extracting chlorine from water, thereby making the water suitable for discharge or use in manufacturing processes. The rising number of waterborne diseases bring the need for water treatment and the role of activated carbon filtering. As per a report published by the World Health Organization in 2022, it is revealed that contaminated drinking water can transmit diseases such as diarrhea, cholera, dysentery, typhoid, and polio and is estimated to cause 485 000 diarrheal deaths each year. Thus, the prevalence of waterborne diseases is expected to increase the demand for activated carbon filters in the assessment period.

Global Activated Carbon Filter Market: Growth Drivers and Challenges

Growth Drivers

  • Water and Wastewater Treatment Sector Expansion - The use of activated carbon filters plays an important role in the water and wastewater treatment industries. Water containing feces, toxic pollutants, and industrial chemical releases is released into bodies of water, and activated carbon filters purify it by binding them as a retentate and releasing pure water as permeate. As per recent reports, the global water and wastewater treatment industry garnered a revenue of almost USD 300 billion in 2021 and is anticipated to reach approximately USD 470 billion in 2028 with a CAGR of 7%.

  • Increase in the Food and Beverage Industry - The increase in employment of active carbon filters in food and beverage industries owing to their application in purifying and filtration preparation such as removing colors and medication and treating food products has been witnessing significant growth in the recent period. Thus, the rise in the food & beverage industry is expected to increase the sales of active carbon filters in the assessment period. Lately, the revenue generation by the global food and beverage industry was calculated to be USD 430 billion in 2021 and is expected to reach USD 850 billion by 2025.

  • Expansion in the Cigarette Sector – The revenue generation in the cigarette sector amounted to USD 800 billion in 2022 and is anticipated to grow at 2% CAGR till 2027.

  • Increase in Sales of Cosmetics ProductsRecent data shows that cosmetic sales in the United States in 2022 generated almost USD 2 billion.

Challenges

  • Inability to Remove Chemicals

  • Lack in the Availability of Raw Materials

  • High Production Costs

Activated carbon filters are very expensive and not everyone can afford them. People prefer conventional methods for the purification of the water to purchasing an activated carbon filter. These filters are attached with many types of components that are not cost-effecting hence, the selling price also increases.

The activated carbon filters market is segmented and analyzed for demand and supply by application into industrial water pollution treatment, drinking water purification, food & beverage, pharmaceutical, and others. Out of these, the industrial water pollution treatment segment is anticipated to garner the highest market share by 2033. The segment's primary factor is the large amount of waste generated by industrial dumps which is then thrown in the rives that can be a source of pure water. A report released in 2021 suggests that industries dump approximately 300–400 MT of polluted waste into the water every year. Additionally, the unavailability of fresh and clean water is another factor that contributes to the expansion of industrial water pollution treatment, which is further forecasted to escalate the activated carbon filter market. With rapid urbanization, India has almost 70% of its surface water is unfit for consumption. Also, around 40 million liters of wastewater enter rivers every year.

Global Activated Carbon Filter Market Regional Synopsis

The Asia Pacific activated carbon filter market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be ascribed to the large production of industrial waste owing to the significant expansion in the automotive, food & drinks, textile, and other industries. in the region. A report in 2021 calculated that approximately 14,000 mld of industrial wastewater is generated by Indian manufacturing clusters, of which almost 60% is treated in common effluent treatment plants. Also, approximately 7 liters of untreated industrial wastewater is generated across India. Also, the rising pharma sector, booming cosmetics industry, and expansion of other industries are anticipated to increase the demand for activated carbon filters.

Market Segmentation

Our in-depth analysis of the global activated carbon filter market includes the following segments:

          By Type

  • Stainless Steel Shell
  • Carbon Steel Shell
  • Others

          By Application

  • Industrial Water Pollution Treatment
  • Drinking Water Purification
  • Food & Beverage
  • Pharmaceutical
  • Others

Top Featured Companies Dominating the Global Activated Carbon Filter Market

  • TIGG LLC.

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • PURAGEN ACTIVATED CARBONS
  • Kuraray Co., Ltd.
  • General Carbon Corporation
  • Cabot Corporation
  • WesTech Engineering, LLC.
  • Lenntech B.V.
  • Donau Carbon GmbH
  • SERECO S.r.l.
  • Carbtrol Corporation

 

 

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