Activated Carbon Market size is expected to cross USD 9.5 Billion by the end of 2035, growing at a CAGR of 9.2% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of activated carbon was around USD 4 Billion. The market is expanding as a result of the increased need for mercury control technologies to reduce industrial air pollution. Air pollution has wiped out several bird species, caused serious respiratory illnesses in people, and puts certain species at risk of extinction over the long term. In-utero exposure to methylmercury is thought to raise the chance of learning problems in more than 75,000 infants in the United States each year.
Market trends for activated carbon include the increase in the industry brought on by nations' developing economies, an expanding population with rising needs, and a global water shortage. Two-thirds of the world's population, or four billion people, experience water shortages every year for at least one month.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~ 9.2% |
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Base Year Market Size (2022) |
~ USD 4 Billion |
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Forecast Year Market Size (2035) |
~ USD 9.5 Billion |
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Regional Scope |
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Raw Material (Coal, Coconut Shell, Wood Based)
The coal segment in the activated carbon market is estimated to gain the largest revenue share of 42 % over the projected time frame. The segment's expansion may be related to the rise in demand for portable, clean drinking water since carbon has a larger surface area, mesopores that can more readily absorb contaminants, and microspores that can be used as inexpensive filter media. The Environmental Protection Agency claims that activated charcoal filters are capable of effectively removing 225 pollutants. The greatest precursor for activating carbon is thought to be coal since it has a high carbon content, is widely accessible in nature, is cheap, and has a number of other benefits.
End-User (Water Treatment, Air Purification, Pharmaceutical & Medical Technology)
Activated carbon market from the water treatment segment is expected to garner a significant share. Since individuals and factories discharge their waste into the water, increasing water pollution may be used to explain the segment's rise. On average, houses throughout the world emit around 45% of their wastewater that is not adequately treated.
Our in-depth analysis of the global market includes the following segments:
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Raw Material |
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Type |
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Application |
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End-User |
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APAC Market Forecast
The Asia Pacific activated carbon market is projected to hold the largest market share of 38% by the end of 2035. The market's expansion is mostly attributable to increased vehicle production and sales volume supported by the expanding automotive sector. A significant factor anticipated to boost regional market expansion during the forecast period is the necessity for government controls on industrial water treatment due to rising levels of water pollution. In 2019, 387 districts in India were contaminated by Nitrate, thereby being the prime contaminant source. As per Niti Aayog, overall, 70 percent of the freshwater sources in the country were found to be contaminated and India ranks 120 out of 122 countries in terms of water quality.
North America Market Statistics
North America is predicted to see substantial expansion with a 25% market share owing to the increasing demand for water treatment services. In addition, the region's demand for activated carbon is projected to increase as the EPA and the US government put more pressure on the industry to cut mercury emissions.
Author Credits: Smruti Ranjan, Rajrani Baghel
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