Report Highlights
The global market for activated carbon is expected to grow from $6.6 billion in 2024 and is projected to reach $10.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 9.3% during the forecast period of 2024 to 2029.
Report Includes
- 72 data tables and 55 additional tables
- In-depth analyses of the global market trends for activated carbon, with revenue data for 2023, estimates for 2024, and projected CAGRs through 2029
- Size and growth forecasts or the global market in terms of both revenue and volume, and a corresponding market share analysis by product type, application, feedstock material and region
- Facts and figures pertaining to the market dynamics, technical advances, regulations and the impact of macroeconomic factors
- Insights derived from the Porter’s Five Forces model, as well as global supply chain and PESTLE analyses
- An analysis of patents, emerging technologies and recent developments in the industry
- A look at the emerging technologies in activated carbon
- Analysis of the industry structure, including companies’ market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Company profiles, including Kuraray Co., Jacobi Carbons Group, Evoqua Water Technologies, Ingevity and Haycarb.
Report Scope
This report provides a detailed market analysis of activated carbon types and global markets to reflect the latest data and trends. The global activated carbon market determines segments by type [powdered activated carbon, granular activated carbon and others (extruded/pellet-shaped, biochar, surface treated)], feedstock material [wood and coal, coconut shell and others (peat, sawdust)], application [water treatment, air purification, food processing, mercury removal, medical and pharmaceutical, mining and others (natural gas purification, chemical treatment, electronics)] and region [North America, Europe, Asia-Pacific and Rest of the World (South America and Middle East and Africa (MEA)]. The base year for this study is 2023 and the estimates and forecast outlook are for 2024 through 2029.
Market estimates are in volume (Kilo tons) and value in U.S. dollars (millions). Product prices were obtained using actual quotes provided by leading worldwide suppliers. Forecast growth rates are based on expected capacity additions across the industry, feedback received from key industry players, revenue reported by major companies and anticipated regulatory updates. The market size includes the revenue activated carbon-producing companies generate by incorporating industrial-scale technologies.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||||
| Forecast period considered | 2024-2029 | ||||||||||||||||||
| Base year market size | $6.2 billion | ||||||||||||||||||
| Market size forecast | $10.2 billion | ||||||||||||||||||
| Growth rate | CAGR of 9.3% for the forecast period of 2024-2029 | ||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||
| Segments covered | Type, Feedstock Material, Application, and Region | ||||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, and the Rest of the world | ||||||||||||||||||
| Countries covered | U.S., Canada, U.K., Germany, France, Italy, China, India, Japan, South Korea, and the Middle East and Africa | ||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Soaring demand for clean water in response to global population.
- Climate change affecting freshwater sources.
- Growing adoption in the medical and pharmaceutical sectors.
- Rising demand for air purification.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global activated carbon market should grow from $5.4 billion in 2018 to $9.7 billion by 2023 at a compound annual growth rate (CAGR) of 12.1% from 2018 to 2023.
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