Latest News - Activated Carbon Market: Powdered is expected to lead the Product segment during 2024-2028

The Activated Carbon Market is being driven by Increased need for purification in different industrial processes

The Activated Carbon Market is expected to grow at a CAGR of 9.45% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1959.5 million. In the industrial sector, stringent regulations enforced by the US EPA and European Commission necessitate the adoption of advanced mercury control technologies. These regulations, which include the US MACT standards and the European IPPC Directive, apply to various facilities such as coal-fired power plants, clinker cement plants, and industrial boilers. Activated carbon, a key component in mercury control technology, is poised to experience heightened demand due to this regulatory landscape. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Powdered
  • Granular
  • Others
• Application
  • Air purification
  • Water purification
  • Medical and pharmaceutical products
  • Food and beverage
  • Others
• Geography
  • APAC
    • China
    • India
  • North America
    • US
  • Europe
    • Belgium
    • The Netherlands
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increased need for purification in different industrial processes
• High demand for powdered activated carbon
• Increasing opportunities for activated carbon producers with reactivated carbon

However, the market also witnesses some limitations, which are as follows:

• Technical limitations of activated carbon products
• Shortage of raw materials, leading to price volatility and preference for substitutes
• Health and environment-related issues of activated carbon

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Market Scope in Activated Carbon Market Research Report

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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 businesses involved in the production and extraction of activated carbon, a form of carbon that has been processed to increase its surface area and porosity. This market includes companies specializing in the production of activated carbon from various sources such as coal, coconut shells, and wood. The market size is determined by the combined revenue generated from these activities. Activated carbon is a valuable commodity due to its ability to adsorb impurities and pollutants, making it essential in industries like water treatment, pharmaceuticals, and food processing. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/