Global Activated Carbon Market Extends at a Healthy CAGR of 2.76% by 2030

The global market for activated carbon was valued at USD 3.41 billion in 2021 and is anticipated to reach USD 19.24 billion in 2030 expanding at a compound annual growth rate (CAGR) of 2.76% from 2022 to 2030. To enhance the surface area available for chemical reactions and adsorption, processed carbon is often activated to create activated carbon, which has pores that are tiny and have a low volume. The processing of organic material that already contains a significant amount of carbon results in the production of activated carbon. Activated carbon's primary feature is adsorption, which makes it useful for a wide variety of applications, including decaffeination, the finishing of metals, pharmaceuticals, filters, the removal of pollutants, and the storage of fuel. Activated carbon is used to remove lead, dissolved radon, mercury, and other odor-causing substances is enhanced by the fact that activated carbon may exist in both liquid and gaseous phases. Market Dynamics Increasing product demand for air and gas purification will boost market expansion Because of its great adsorption potential for a broad variety of molecules, including odorous chemicals and carcinogenic pollutants, activated carbon is an ideal choice for the purification of air and gas. This is because activated carbon can remove contaminants. In applications like as personal safety and residential air purification, it removes potentially dangerous contaminants from the air streams, so supplying clean, non-hazardous air to the environment. In addition, the product finds application in the treatment of biogas and the separation of hydrogen. Because it protects equipment further down the production line, such as engines, catalysts, and fuel cells, from the corrosive effects of silicon dioxide and boosts output yields, it helps keep production costs to a minimum. Growing Need for Water Treatment Applications to Support Market Expansion The increased number of people who want clean and risk-free drinking water is driving up the demand for the commodity. The qualities of the product, such as its large surface area accessible for adsorption, which makes it easy to remove impurities including oils, microorganisms, odour- and taste-imparting substances, and chemicals, are likely to be a contributing factor in the expansion of the market. For instance, Carbon Activated Corp. offers solutions for the industrial sector, as well as municipal groundwater filter systems in the United States and VOC/siloxane removal systems for biogas engines throughout Europe. The increased population of the world is driving up the demand for clean water among consumers and, as a consequence, driving up the amount of money spent on water purification. Reactivated carbon will create profitable prospects for manufacturers of activated carbon A significant demand for activated carbon has been brought about by stringent rules surrounding the preservation of air quality as well as an increase in the number of municipal and industrial wastewater treatment facilities. Because of this, the pressure on the companies that generate activated carbon has intensified. As a solution, several companies that manufacture activated carbon are shifting their attention to the manufacturing of reactivated carbon, which, in comparison to the price of virgin activated carbon, is 20–30 percent less expensive. Regional Overview of Activated Carbon Market In 2021, the Asia-Pacific region held a revenue share that was equivalent to fifty percent of the whole market. This is since Asia Pacific is an excellent market for the acquisition of coconut shells and AC that is derived from coconut shells. In this part of the world, uses for activated carbon most frequently involve the cleaning of water and the mining of gold. After the Asia-Pacific region, the largest market in the world is in North America. It is anticipated that the primary elements having a beneficial influence on the market would be an increase in environmental concerns, a growth in the proportion of elderly people in the population, and growing demand for automobiles in the region. Key Highlights The global market for activated carbon was valued at USD 3.41 billion in 2021 and is anticipated to reach USD 19.24 billion in 2030 expanding at a compound annual growth rate (CAGR) of 2.76% from 2022 to 2030. Increasing product demand for air and gas purification will boost market expansion. Growing Need for Water Treatment Applications to Support Market Expansion The market for activated carbon is segmented into the following categories: Type, Application, End Use, By Region. Based on Type the market is divided into Powdered activated carbon and Granular activated carbon. The market for powdered activated carbon (PAC) was by far the most lucrative in this sector. A significant element that is anticipated to be beneficial to the market is the steadily increasing demand for water treatment techniques brought about by standards and laws that require businesses to implement these procedures. Based on End use the market is divided into Water Treatment and Air Purification. The technology that treats water is becoming increasingly popular all around the world. In 2021, the Asia-Pacific region held a revenue share that was equivalent to fifty percent of the whole market. Competitors in Activated Carbon Market A small number of well-known international companies, including Osaka Gas Co., Ltd. (Japan), Cabot Corporation (US), Kuraray Co. Ltd. (Japan), Haycarb Plc (Sri Lanka), and Kureha Corporation (Japan), dominate the activated carbon market. Recent Development by key players In the month of October 2018, Osaka Gas Co., Ltd. worked together on a project for an air purification unit using activated carbon fibres (ACF) in the Republic of Indonesia. The project's goal was to use an air filtration system with activated carbon fibre (ACF) to lower nitrogen oxide (NOx), a roadside air pollution, in Indonesia. The Japan International Cooperation Agency (JICA) has adopted the project as one of its collaboration programmes with the private sector for disseminating Japanese technologies for the social and economic development of developing countries. Its goals are to demonstrate the system's efficacy and encourage its widespread installation. For odour management and hydrogen sulphide elimination, Cabot Corporation introduced activated carbon under the name DARCO H2S HF in September 2016. Segmentation of Activated Carbon Market By type Powdered activated carbon Granular activated carbon By Application Liquid Phase Gas Phase By End User Water Treatment Air Purification By Region North America Asia Pacific Europe Latin America Middle East