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. Due to its high degree of microporosity, just one gram of activated carbon has a surface area in excess of 3,000 m2, as determined by gas adsorption. This extraordinary high adsorptive capacity has made activated carbon unique in its wide applications in water and air purification, food and beverage processing, agriculture, pharmaceuticals and others.
Activated Carbon Market Demand is derived from charred biomass materials like coconut shell, coal, wood and others. It undergoes physical activation and chemical activation to attain its porous structure and high surface area. Features like microporous nature allows it to effectively remove inorganic and organic impurities, pollutants, toxins and other compounds by adsorption. It is mainly used in water treatment processes to remove colors, odors, taste, chemicals and other pollutants from wastewater before its discharge or reuse. Other major applications includes air purification, food processing, industrial gas production and recovery of solvents vapors.
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 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.
Growing industrial wastewater volumes coupled with stringent regulations regarding wastewater treatment and reuse is driving major demand for activated carbon. Activated carbon effectively adsorbs contaminants and helps achieve mandated quality standards for discharge and reuse of treated water.
Key global players are expanding their production facilities across Asia Pacific, North America, Middle East and African regions to leverage growing local demand driven by economic development and urbanization. Developing economies with large populations are major target markets for expansion.
Market Key Trends
Use of Activated Carbon Market Size And Trends in air purification applications is gaining significant momentum. Applications includes purification of indoor air quality in households and commercial buildings from chemical vapors and odors, production of high purity industrial gases by adsorption of impurities and recovery of solvents vapors during manufacturing processes.
Stringent air pollution control regulations in many countries and growing consumer awareness about air quality is a key driver. Also, recovery of vapors during manufacturing allows reuse and reduces emission of volatile organic compounds into atmosphere. This coupled with cost savings from product recovery is boosting commercial usage of activated carbon.
Porter’s Analysis
Threat of new entrants: Low capital requirements and availability of raw materials pose low barriers to entry. However, established brands and need for extensive R&D restrict new competition.
Bargaining power of buyers: Large buyers can negotiate lower prices due to market fragmentation. However, differentiated products limit substitutes.
Bargaining power of suppliers: Major suppliers include activated carbon, chemicals and packaging material providers. Suppliers possess low-to-moderate bargaining power due to availability of substitutes.
Threat of new substitutes: Alternatives like ion-exchange resins and other techniques pose threat, though activated carbon remains preferred for its cost-effectiveness and wide applications.
Competitive rivalry: Intense competition from global and regional vendors. Key strategies involve capacity expansions, strategic collaborations and new product innovations.
Geographical Regions
The activated carbon market in North America holds the major share of over 30% as of 2024, valued at around US$ 2.8 billion. The region is concentrated for activated carbon due to extensive usage in water treatment applications. Growth is driven by stringent regulations implemented to curb industrial pollution levels.
Asia Pacific region is expected to register fastest growth at a CAGR exceeding 11% during the forecast period. The activated carbon market in Asia Pacific is valued at around US$ 2.3 billion as of 2024. Rising demand from recovery of gold and mercury from industrial wastewater in China, India and other developing nations drives the market in this region. Growth is supported by burgeoning industrial sectors and economic development.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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