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
Buy Now Report ID: 4399 | Published Date: Feb 27, 2023
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 growth of the market can be attributed to the increasing prevalence of waterborne diseases and infections such as, hot tub rash, cyclosporiasis, Escherichia, cryptosporidiosis, algal blooms, and others across the world. Infection can be severe and cause significant health issues since carbon filters can eliminate bacteria, and it is anticipated to surge the growth of the global activated carbon filter market. As per a report published in 2019, it stated that around 80% of the diseases in the world were waterborne diseases.
Activated carbon filter market trends such as, rising number of waterborne diseases and the need for water treatment highlight 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 globally. Thus, the prevalence of waterborne diseases is expected to increase the demand for activated carbon filters during the assessment period. 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.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~ USD 300 Million |
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Forecast Year Market Size (2033) |
~ USD 500 Million |
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Regional Scope |
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Growth Drivers
Water and Wastewater Treatment Sector Expansion – 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.
The use of activated carbon filters plays an important role in the water and wastewater treatment industries. Furthermore, water containing feces, toxic pollutants, and industrial chemicals is released into bodies of water, and activated carbon filters are used to purify it by binding them as a retentate and releasing pure water as permeate.
Increase in the Food and Beverage Industry - 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.
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 growth of the global activated carbon filters market in the assessment period.
Expansion in the Cigarette Sector – The revenue generation in the cigarette sector amounted to USD 800 billion in 2022 and is anticipated to grow exponentially across the globe over the forecast period.
Increase in Sales of Cosmetics Products – Recent data shows that cosmetic sales in the United States in 2022 generated almost USD 2 billion.
Challenges
Activated carbon filters are very expensive and not everyone can afford them. People prefer conventional methods for the purification of the water rather than purchasing an activated carbon filter. These filters are attached to many types of components that are not cost-effective, hence, the selling price also increases. Therefore, it is anticipated to restrain the market’s growth.
The global activated carbon filter 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 types of segments, the industrial water pollution treatment segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the presence of large amounts of waste generated by industrial dumps, which is then thrown in the rivers 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 across the globe. Additionally, the unavailability of fresh and clean water is another factor that contributes to the expansion of industrial water pollution treatment, which is further forecast 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.
The global activated carbon filter market is also segmented and analyzed for demand and supply by type into stainless steel shell, carbon steel shell, and others. Amongst these segments, the stainless steel shell segment is expected to garner a significant share. Stainless steel is highly utilized, since it comprises more chromium content than a carbon steel shell, therefore, it can also handle better heat distribution. Furthermore, the carbon steel shells are observed to be more prone to rusting, on the other hand, stainless steel is less corrosive. Owing to which, it can deal with severe weather conditions. As of 2021, the total global production volume of stainless steel was estimated to be around 60 million tons.
Our in-depth analysis of the global activated carbon filter market includes the following segments:
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By Type |
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By Application |
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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 attributed majorly 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 are generated across India. In addition, the constantly growing pharma sector, booming cosmetics and personal care industry where activated carbon has been extensively utilized, and expansion of other industries are anticipated to increase the demand for activated carbon filters in the region, which further expands the market size during the forecast period. For instance, in 2023, the revenue generated by the Asian beauty & personal care sector was evaluated to be around USD 200 billion, while online sales contributed nearly 30% of the total revenue. Hence, all these factors are expected to influence the market growth of the region positively over the forecast period.
Cabot Corporation has successfully acquired 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. The annual production rate of carbon black at site was evaluated to be around 50,000 metric tons. Cabot also planning to invest in the site to increase the production capabilities.
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.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Smruti Ranjan, Rajrani Baghel
Ans: Water and wastewater treatment sector expansion and increase in the food and beverage industry are the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.
Ans: Lack in the availability of raw materials is estimated to be the growth hindering factors for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Puragen Activated Carbons, Kuraray Co., Ltd., General Carbon Corporation, Cabot Corporation, WesTech Engineering, LLC., Lenntech USA LLC, Donau Carbon GmbH, SERECO S.r.l., Carbtrol Corporation, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue-generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by type, application and by region.
Ans: The industrial water pollution treatment segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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