Some of the major factors driving the growth of the global activated carbon market are the increasing demand of activated carbon for air purification and water purification, and increasing food and beverage industries compliance for activated carbon. Different governments have varied regulations for the reduction of mercury and toxic content in the air; thus driving the growth of the global activated carbon market. In addition, activated carbon has several applications in pharmaceuticals industry, such as removal of odor compounds, color compounds, proteins, and other impurities from the raw materials for the production of pharmaceutical products; which is again fueling the growth of the global activated carbon market.
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The powdered activated carbon product segment leads the global activated carbon market, whereas granular activated carbon product segment is anticipated to grow with the fastest rate in the global activated carbon market. The air purification application segment is the largest application segment in the global activated carbon market, owing to strict government regulations regarding the emission from industries and vehicles. The water treatment application segment is the fastest growing segment in the global activated carbon market. The major factors behind the fastest growth of the water treatment application segment are increasing concern and awareness regarding the purity of water, and strict government norms for the treatment of industrial effluent.
Moreover, the increasing demand for activated carbon in metal finishing industry for electroplating solutions, and significant growth of pharmaceutical and food and beverage industries in the emerging economies, such as China, India, and Brazil are creating ample opportunities for the growth of the global activated carbon market, during the forecast period. In addition, the technological advancements for recycling or reactivation of spent activated carbon, and increasing adoption of high purity activated carbon are the key trends witnessed in the global activated carbon market. However, the scarcity of raw materials, such as phenolic resins, coconut shell charcoal, wood charcoal and different forms of coal is hindering the growth of the global activated carbon market to some extent.
Activated carbon refers to the processed carbon having small pores and increased surface area. The high surface area of the activated carbon is utilized for the adsorption of chemical impurities. Activated carbon has several applications in sewage treatment, water treatment, medicine, gas purification, and metal purification and extraction. Moreover, activated carbon is used in livestock production, wine and beer purification, and mercury scrubbing.
Geographically, Asia-Pacific dominates the global activated carbon market, owing to high consumption of activated carbon for water and gas purification in the region, and high growth of food and beverage industries. In addition, the government regulations for industrial air purification and motor vehicle emission are supporting the growth of the activated carbon market in the region.
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The key players operating in the global activated carbon market are Carbon Resources LLC, Advanced Emissions Solutions Inc., Kureha Corporation, Donau Chemie AG, Clarimex, Haycarb PLC, CarboTech AC GmbH, Arkema Group, Kuraray Chemical Co. Ltd., WestRock Company, Siemens AG, Osaka Gas Chemicals Group, Cabot Corporation, and Veolia.
Global Activated Carbon Market, By Type:
- Powdered Activated Carbon
- Granular Activated Carbon
Global Activated Carbon Market, By Application:
- Water Treatment
- Air Purification
- Food and Beverage Processing
Global Activated Carbon Market, By Geography:
- North America
- Latin America
- Rest of the World
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