The global activated carbon market is a multi-billion dollar industry used widely across a variety of industrial applications. Activated carbon is a porous carbon material with a high surface area that is produced from charcoal, coconut shells, coal, or wood. It effectively removes contaminants and impurities from gases and liquids. Key applications of activated carbon include water treatment, food & beverage processing, industrial water treatment, automotive, air purification, and more. The ability of activated carbon to remove toxins and odors makes it well-suited for use in air and water purification systems.
The Global activated carbon market is estimated to be valued at US$ 9.23 Bn in 2024 and is expected to exhibit a CAGR of 9.7% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the activated carbon market are Carbon Activated Corporation, Jacobi Carbons Group, Boyce Carbon, CarbPure Technologies, Cabot Corporation, Kuraray Co., Carbo Tech AC GmbH, Donau Chemicals AG, Haycarb (Pvt) Ltd., Kureha Corporation, Osaka Gas Chemicals Co., Ltd., Evoqua Water Technologies LLC, Oxbow Activated Carbon LLC, Hangzhou Nature Technology Co., Ltd., Datong Coal Jinding Activated Carbon Co., Carb USA, and Sorbent JSC.
Key opportunities: Growing adoption of activated carbon in pollution control equipment across various industries along with wider applications in gold metal extraction are expected to present significant growth opportunities in the coming years.
Technological advancements: Advancements in activated Activated Carbon Market Demand improved capacity, yield and performance. New production methods using renewable precursors like coconut shells are gaining traction.
Market drivers: Strong demand from water treatment plants is a key growth driver for activated carbon owing to stringent regulations on water quality. Growing industrial water pollution levels particularly in developing nations is further propelling the market growth. Rapid urbanization and rising health concerns are also driving the sales of household water purifiers using activated carbon.
The key factors driving the growth of the Activated Carbon Market Size And Trends include stringent regulations regarding water purification across various countries and growing industrial water treatment activities. Growth in end-use industries such as food & beverage, pharmaceuticals, and automotive is also supporting the sales of activated carbon. Advanced production technologies and new precursors are further expected to contribute to the market expansion over the forecast period.
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