Activated Carbon Market Size, Growth Trends 2035

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

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.

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Activated Carbon Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	~ 9.2%
Base Year Market Size (2022)	~ USD 4 Billion
Forecast Year Market Size (2035)	~ USD 9.5 Billion
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 the Middle East and Africa)

Activated Carbon Sector: Growth Drivers and Challenges

Growth Drivers

High Demand in the Pharmaceuticals and Healthcare Industry- Activated carbon is used in the pharmaceutical sector to clean and separate solutions and to control reaction processes. Continuous investments made by pharmaceutical and outsourcing firms to expand their manufacturing facilities have positively impacted the activated carbon market. In about 5% of cases of poisoning across all age groups and 0.9% of cases involving children, activated charcoal is suggested. Additionally, more than 75% of toxic exposure cases recorded in 2020 occurred in the United States.
Use of Fuel Cell Technology Is Expanding- 70 of Amazon's campuses were powered by more than 15,000 fuel cells as of 2022. Walmart operated 10,000 fuel cell as of January 2022 at 41 hydrogen fueling stations dispersed among distribution centers. The carbon pellet improves the fuel cell's efficiency and durability by purifying the fuel and oxidant.
Growing Need for Activated Carbon in Applications for Water Treatment- Activated carbon is widely used to remove waste water and smell components, natural organic compounds, and synthetic organic containments from drinking water. Activated carbon may also be used in water-softening processes. Additionally, only a certain form of activated carbon water treatment can get rid of heavy elements like lead. Each day, wastewater treatment plants in the US process over 34 billion gallons of wastewater.

Challenges

Insufficient raw supplies will raise prices- Coconut shells are necessary for the synthesis of activated carbon, and natural disasters could limit the availability of raw materials. This contributes to the increase in coconut shell prices. The demand for these shells from the steel, cement, and power-generating industries is also expected to restrict the availability of coconut shells. Therefore, during the course of the projection year, this issue is anticipated to hinder growth.
Economic Weakness has an Impact on Industrial Development.
The Availability of Substitutes on the Market.

Activated Carbon Segmentation

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:

Raw Material	Coal Coconut Shell Wood Based
Type	Powdered Granular Extruded Activated Carbon
Application	Liquid Phase Gas Phase
End-User	Water Treatment Air Purification Pharmaceutical & Medical Technology

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Activated Carbon Industry - Regional Synopsis

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.

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Companies Dominating the Activated Carbon Landscape

Donau Chemie Group
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Cabot Corporation
Puragen Activated Carbons
CarboTech AC GmbH
Activated Carbon technologies Pty Ltd
Silcarbon Aktivkohle GmbH
The Ingevity Group
DESOTEC Activated carbon
CPL Activated Carbons
Haycarb Pvt. Ltd.
Norit

In The News

Cabot Corporation sold off its activated carbon unit, Norit Activated Carbon, to One Equity Partners. Following the divestiture, Norit Activated Carbon became an independent company serving its customers with a broad portfolio of activated carbon solutions through its 10 production facilities in seven countries.
CPL Activated Carbons launched its largest high-flow mobile carbon filter under the brand name HF20V VOCSorber. Standing at 8 m tall, the launched product is capable of purifying gas flows in excess of 40,000 m3/h. Hence, the product is ideal for general air treatment in many sectors and industries, for odor control, VOC abatement, and ammonia removal. VOCSober family is a sub-category of Clean-Flo mobile carbon filters that contain pre-filled activated carbon

Key Questions Answered in the Report

1) What are the major factors as driving the growth of the activated carbon market?

Ans: Increasing air pollution, water pollution and demand of pharmaceuticals are the major factors as driving the growth of the activated carbon market.

2) What would be the CAGR of the activated carbon market over the forecast period?

Ans: The market size of activated carbon is anticipated to attain a CAGR of 9.2% over the forecast period, i.e., 2023 â€“ 2035.

3) Who are the major players dominating the activated carbon market?

Ans: The major players in the market are Cabot Corporation, Puragen Activated Carbons, CarboTech AC GmbH, Activated Carbon technologies Pty Ltd, Silcarbon Aktivkohle GmbH, The Ingevity Group, DESOTEC Activated carbon, CPL Activated Carbons, and others.

4) Which segment captures the largest market size in the raw material segment in the activated carbon market?

Ans: The coal segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

5) Which region will provide more business opportunities for the growth of the activated carbon market in the future?

Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.