Activated Carbon Market Grows with Rising Demand

Activated Carbon Market size is expected to be worth around USD 5.4 billion by 2032 from USD 3.6 billion in 2022, growing at a CAGR of 4.2% during the forecast period 2023 to 2032. The activated carbon market encompasses the production, distribution, and utilization of activated carbon, a highly porous form of carbon renowned for its exceptional adsorption capabilities. This material is primarily utilized in significant wastewater treatment applications, where its tiny pores and large surface area allow it to effectively adsorb and remove soluble substances from water. Activated carbon is extensively used in potable water systems and sewage treatment plants to filter out sediments, taste, odor, chlorine, and volatile organic compounds, although it is not Type Analysis Powdered Activated Carbon (PAC) leads the market, valued at US$ 2,192 Mn in 2022, and is projected to grow at a 4.4% CAGR, driven by its high adsorption capacity and versatility in removing particulates. Form Analysis Leading companies, like Kuraray Corporation, focus on gas-phase products for various applications, including gas separation and solvent extraction. The liquid phase also contributes significantly, driven by eco-friendly water treatment methods. End-Use Analysis Water treatment is the predominant application of activated carbon, vital for removing pollutants from industrial and municipal wastewater. The increasing adoption of efficient water disposal practices and innovative technologies in water treatment drive market growth.

Download a sample report in MINUTES@ https://market.us/report/activated-carbon-market/#requestSample Key Market Segments By Type Granular Activated Carbon Powdered Activated Carbon Other Types By Form Gas Phase Liquid Phase By End-Use Air Purification Food & Beverage Processing Water Treatment Pharmaceutical & Medical Other End-Uses rk t l r CarbPure Technologies Cabot Corporation Boyce Carbon Jacobi Carbons Group CarboTech AC GmbH Kuraray Co. Haycarb (Pvt) Ltd. Kureha Corporation Donau Carbon GmbH

Calgon Carbon Corporation Carbon Activated Corporation Albemarle Corporation Osaka Gas Chemicals Co Silcarbon Aktivkohle GmbH Evoqua Water Technologies LLC Oxbow Activated Carbon LLC Other Key Players Driver: Supply-Demand Mismatch The growth of the activated carbon market is driven by the implementation of advanced manufacturing technologies. Key raw materials include coconut shells, resin, and wood, with high carbon yields dependent on large quantities of these materials. Restraint: Raw Material Availability The availability of coconut shells, a crucial raw material for activated carbon, is highly susceptible to natural calamities, which can severely disrupt supply and production. Additionally, competition for these raw materials from other industries, such as power plants and iron plants, exacerbates the shortage and increases costs, hindering market expansion. Opportunity: Mercury Control With upcoming stringent emission standards in the US and Europe targeting mercury and other dangerous air pollutants, the demand for activated carbon is poised to grow, presenting significant market opportunities. Challenge: The scarcity of safe drinking water, driven by water scarcity, climate change, and population growth, underscores the urgent need for effective water purification solutions. This global challenge amplifies the potential for the activated carbon market to expand as a critical component in providing access to pure drinking water.