activated carbon Market

The activated carbon market is projected to grow from US$ 4,350.6 million in 2021 to US$ 8,264.0 million by 2028; it is expected to register a CAGR of 9.6% from 2021 to 2028.

Activated carbon, also known as activated charcoal, is derived from coal, coconut husk, and willow peat. Its primary function is to filter out impurities from water and air. Activated carbon is extensively used in the food and beverage, pharmaceutical, and chemical industries to remove unwanted substances during processing through adsorption and filtration.

The global activated carbon market is categorized into various applications, including water treatment, food & beverages, pharmaceuticals, automotive, and others. The water treatment application segment held the largest market share in 2020. Activated carbon is gaining popularity in service water treatment, groundwater rehabilitation, and drinking water treatment. Additionally, it is utilized in the treatment of industrial wastewater to recover valuable materials, and the treated water is then utilized for manufacturing purposes.

The Asia Pacific region dominated the global activated carbon market in terms of revenue in 2020. The water treatment industry is the largest consumer of activated carbon in this region. Government initiatives, such as those by the Australian and New Zealand Environment and Conservation Council and the Ministry of Environment and Forests of the Government of India, to remove waste and harmful substances from industrial wastewater before disposal, is driving the water treatment industry. In addition, the region has a strong automotive industry where activated carbon is widely used to produce canisters, further fueling the demand for activated carbon in the region.

A few of the key market players in the global market are Osaka Gas Chemical Co. Ltd; KURARAY CO., LTD.; HAYCARB (PVT) LTD.; Cabot Corporation; KUREHA CORPORATION; Activated Carbon Technologies Pty Ltd; Albemarle Corporation; CPL Activated Carbons; JACOBI CARBONS GROUP; Calgon Carbon Corporation; and James Cumming & Sons Pty Ltd.

Both primary and secondary sources were used to derive the global activated carbon market size. The research process began with extensive secondary research using internal and external sources to obtain qualitative and quantitative information related to the market. Furthermore, multiple primary interviews were conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants involved in this process included industry experts such as VPs, business development managers, market intelligence managers, national sales managers, external consultants such as valuation experts, research analysts, and key opinion leaders who specialize in the activated carbon market.