Activated Carbon Market to grow by USD 1959.5 million between 2024-2028
According to a research report “ Activated Carbon Market” by Product (Powdered, Granular, Others) Application (Air purification, Water purification, Medical and pharmaceutical products, Food and beverage, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1959.5 million at a CAGR of over 9.45% during the forecast period. In the business realm, activated carbon holds significant value as a versatile adsorbent, primarily used to eliminate contaminants and impurities in water and air purification processes. The global population surge, particularly in developing nations like India and China, has accelerated urbanization and industrialization. This trend, while bolstering economic growth, has unfortunately resulted in the contamination of freshwater sources and the depletion or scarcity of freshwater resources. Consequently, the demand for activated carbon solutions to mitigate these environmental challenges continues to escalate..
Browse market data tables, figures, and in-depth TOC on “Activated Carbon Market” by Product (Powdered, Granular, Others) Application (Air purification, Water purification, Medical and pharmaceutical products, Food and beverage, Others) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028.
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By Product, the Powdered segment is projected to dominate the market size in 2024.
In the activated carbon market, the air purification segment is poised for significant expansion. Key drivers include urbanization, industrialization, and rising demand for activated carbon in air filtration systems. Regulatory compliance is a major catalyst, with stringent emissions regulations, such as the US Mercury and Air Toxics Standards (MATS), mandating mercury emission control in power plants. These regulations underscore the importance of activated carbon in mitigating harmful emissions, thereby fueling market growth.
By Application, Air purification segment is expected to hold the largest market size for the year 2024.
In the activated carbon market, the segment for powdered carbon is projected to expand significantly during the forecast period. This growth is attributed to its widespread usage in various industries, substantial investments by government entities in water and waste treatment facilities, and the rising adoption in pharmaceutical and food and beverage sectors. Powdered activated carbon, with particle sizes ranging from 5 A to 150 A, is available in both coarse and fine grades. Its affordability and adjustable dosage make it a preferred choice over other types, enabling users to manage contaminant levels effectively.
APAC is forecasted to hold the largest market size by region in 2024.
The activated carbon market witnesses significant growth due to the increasing demand for water and air purification solutions in various industries. This includes sectors such as power generation, pharmaceuticals, and food and beverage, where stringent regulations mandate the use of effective filtration systems. Activated carbon's ability to adsorb impurities makes it an indispensable component in these applications, driving market expansion.
The Activated Carbon Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Activated Carbon market encompasses a wide range of applications in various industries, including the Mining, Petrochemical, and Chemical sectors. Key raw materials used in the manufacturing of Activated Carbon include wood, peat, coconut shell, coal, and resin. Recent manufacturing technical developments have led to improvements in the adsorption capability of Activated Carbon, making it an essential component in sewage treatment plants and potable water filtration systems. Activated Carbon's large surface area and small pores make it an effective adsorbent for mercury control technology. In the Automotive industry, Activated Carbon is used in air filtration systems, while in the Medical sectors, it is employed in pharmaceuticals and food and beverages for purification purposes. Water treatment applications of Activated Carbon include Granular Activated Carbon and Powdered Activated Carbon, which are widely used for industrial applications. Activated Charcoal and Activated Carbon are the primary forms of this versatile material, offering numerous benefits across various industries.
Market Research Overview
The Activated Carbon market encompasses a wide range of applications, including air purification and water treatment, particularly for the geriatric population who require high-quality purified air and water. Key raw materials used in the manufacturing process include coconut shells, meso and macropores, and iron, calcium, and ash content. The automobile industry and various sectors such as medical, pharmaceuticals, food and beverages, and water treatment, rely heavily on activated carbon for air treatment and adsorption applications. Regulations and pollution control measures have driven the demand for product quality and pricing stability in the supply chain. Manufacturing technical developments have led to the production of Granular Activated Carbon (GAC) and Powdered Activated Carbon (PAC) for various industrial applications, including sewage treatment plants, potable water filtration, and mercury control technology. The market faces global economic challenges, with raw material prices on the rise and supply chain disruptions due to lockdowns. The chemical industry, mining industry, and petrochemical industry are significant consumers of activated carbon, utilizing it for adsorption capacity, surface area, and small pores in their manufacturing processes. The market's future growth is expected to be driven by increasing demand for activated carbon in various industries and ongoing research and development in manufacturing processes and product purity.
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