July 21, 2024
Activated Carbon Market

Activated Carbon Market is Estimated to Witness High Growth Owing to Increasing Demand for Water Treatment Applications

The activated carbon market is used in a wide range of water treatment applications such as purification of drinking water, wastewater treatment, and purification of process water. Activated carbon removes impurities, chemicals, and other contaminants from water and has emerged as an effective and affordable solution for providing clean and safe drinking water globally. The rising demand for clean drinking water and stringent regulations regarding wastewater treatment have propelled the use of activated carbon in water treatment facilities worldwide.

Activated carbon, also known as activated charcoal, is a form of carbon that has been processed to make it extremely porous and thus to have a very large surface area available for adsorption or chemical reactions. The large surface area of activated carbon provides adsorption sites for chemicals allowing it to adsorb many toxic contaminants from water and gases. Activated carbon is effective in removing compounds that affect taste, odor, color, and health hazards from water and thus helps in meeting global water quality standards.

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 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.

The Activated Carbon Market Demand  key opportunities in the activated carbon market include growing demand from the food & beverage industry for purification of sugar, recovery of solvents, and defatting processes. Rising awareness regarding water purification and wastewater treatment accompanied by supportive government policies is further driving market growth.

Globally, the activated carbon market is expanding rapidly with the Asia Pacific region holding a major market share primarily due to the large production facilities and extensive use of activated carbon in water treatment applications in China and India. Other emerging regions like Latin America and the Middle East & Africa are also witnessing significant growth in the activated carbon market.

Market Drivers

The growing demand from the water treatment industry is one of the key drivers for the Activated Carbon Market Size And Trends Rapid urbanization, rising population, and stringent regulatory framework regarding discharge of industrial wastewater have boosted the implementation of wastewater treatment facilities globally. Activated carbon plays a vital role in removal of dissolved organic compounds, odor & color-causing contaminants, and heavy metals from process and municipal wastewater. The increasing freshwater scarcity issues have further augmented the use of activated carbon for purification of contaminated water sources and water reuse applications.

PEST Analysis

Political: The activated carbon market is regulated by environmental agencies across countries. These regulations dictate the quality standards and purification levels for activated carbon. Stricter emission norms can boost demand.
Economic: Global economic growth drives the usage of activated carbon in industries like water treatment, air purification etc. A rise in household incomes also increases spending on air and water purifiers using activated carbon.

Social: Increasing health awareness among consumers regarding air, water quality and effects of pollution is raising the demand for household water filters and purifiers using activated carbon. Social media is also playing a role in spreading this awareness.
Technological: New production techniques are helping lower the costs of activated carbon. Research into activated carbon with enhanced adsorption properties is also ongoing to widen its applications. Activated carbon is finding increased use in technologies like fuel cells and carbon capture.

The activated carbon market in terms of value is highly concentrated in North America and Europe due to stringent environmental regulations and high spending power of consumers in these regions. However, the market is witnessing fastest growth in the Asia Pacific region led by countries like China and India. Rising income levels and growing health awareness is driving increased adoption of water treatment and purification systems using activated carbon in these countries.

The activated carbon market is also growing rapidly in Latin American countries. Rising industrialization has increased pollution levels creating demand for air and water treatment applications of activated carbon. Growing middle class population is also raising spending on consumer goods incorporating activated carbon like air purifiers and water filters.

*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it

About Author - Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.  LinkedIn Profile

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