Global Activated Carbon Market is expected to reach a value of USD 5.8 billion by 2028

 

According to the latest research by SkyQuest Technology, the Global Activated Carbon Market was valued at US$ 3.4 billion in 2021, and it is expected to reach a value of US$ 5.8 billion by 2028, at a CAGR of 6.2% during the forecast period of 2022 – 2028. The research provides up-to-date Global Activated Carbon market analysis of the current market landscape, latest trends, drivers, and overall market environment.

Activated carbon, often referred to as activated charcoal, is used in many industrial processes, including the cleaning of gases and air with subsequent reuse. A greater concern for and understanding the environment has led to stricter emission standards. As a result, a number of producers have made investments in novel ideas and developed technology to utilize the product, among other things, in cleaning and air treatment applications. It is being used more often to treat groundwater, drinking water, service water, and wastewater to sustain the global activated carbon market.

Read the market research report, ” Global Activated Carbon Market By Type (Powdered, Granular, and Others), By Application (Water Treatment, Air & Gas Purification, Food & Beverages, and Others), & By Region – Forecast and Analysis 2022-2028” by SkyQuest

 

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With a market value of USD 1.24 billion in 2020, Asia Pacific was the largest region. It is projected that it will continue to hold a monopoly over the projection period due to China and India being two of the largest users, particularly for applications requiring water treatment. The Asia-Pacific region’s rapid population increase has resulted in a spike in the need for clean, safe drinking water. The global activated carbon market will grow in part as a result of the affordable prices and convenient accessibility of raw resources.

The prominent market players are constantly adopting various innovation and growth strategies to capture more market share. The key market players are Osaka Gas Chemicals Co., Ltd. (Japan), Donau Carbon GmbH (Germany), Cabot Corporation (U.S.), CARBOTECH AC GMBH (Germany), and Kuraray Co., Ltd. (Japan) among others.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Global Activated Carbon Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

 

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Report Findings

Drivers

Increasing Demand for Water Treatment Application

Along with the growth in demand for clean, safe drinking water, so does the need for the product. The attributes of the product, in particular the high surface area accessible for adsorption that easily removes pollutants like oils, bacteria, odor- and taste-giving compounds, and chemicals, may be blamed for the market’s development. An exponentially expanding population is driving up consumer demand for freshwater, which has increased the need for water filtration devices. Due to increasing levels of water pollution, government officials were obliged to implement tough restrictions on treating industrial effluent. Because many companies, including those in the paper and pulp, chemical, and paint and dye industries, have been required to install water treatment units in their facilities, the need for charcoal to remove pollutants has skyrocketed.

Restraint

Hike in Prices Due to Raw Material Shortage

The scarcity of several production-related raw materials, such as coconut shell charcoal, poses a threat to the market’s expansion. As a result, the cost of raw materials has gone up, with charcoal made from coconut shells experiencing the highest increase. As energy consumption has increased, so have the costs of goods manufactured from coal. Coconut demand has decreased, which has affected producers’ operating output. As a result, manufacturers have increased production capacity by 50–60%, which has increased product prices.

 

What does this Report Deliver?

Market Estimation for 20+ CountriesActivated Carbon Market demand by Region, Sub-Region, and CountryCustomization on Segments, Regions, and Company Profiles100+ tables, 150+ FiguresGlobal, Regional, and Country-specific Activated Carbon Market TrendsComprehensive Mapping of Activated Carbon Industry ParametersAttractive Investment Proposition in the Global Activated Carbon IndustryCompetitive Strategies Adopted by Activated Carbon Market Key PlayersDrivers, Restraints, Opportunities, Challenges, and the impact on the Activated Carbon Market SizeMarket growth rate till 2028Regulatory scenario, regional dynamics, and Activated Carbon market insights of leading countries in each region

 

Key Players in the Global Activated Carbon Market

Osaka Gas Chemicals Co., Ltd. (Japan)Donau Carbon GmbH (Germany)Cabot Corporation (U.S.)CARBOTECH AC GMBH (Germany)Kuraray Co., Ltd. (Japan)KUREHA CORPORATION (Japan)Activated Carbon Technologies (Australia)Silcarbon Aktivkohle GmbH (Germany)Ingevity (U.S.)Iluka Resources (Australia)James Cumming & Sons (Australia)Universal Carbons (India)Carbon Activated Corporation (U.S.)Tronox (U.S.)

 

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