Report Highlights
The Global Activated Carbon Market Expected to Reach $12.10 Billion by 2034
Introduction to Global Activated Carbon Market
The activated carbon market is experiencing significant growth due to its wide range of applications in purification and filtration processes across various industries, including water treatment, air purification, pharmaceuticals, food and beverage, and industrial processes. Considering the optimistic scenario, the market is valued at $5.08 billion in 2024 and is expected to grow at a CAGR of 9.06% to reach $12.10 billion by 2034.
The Asia-Pacific region holds the highest market growth for the activated carbon market. This growth is primarily attributed to the presence of major product-consuming countries such as China and India, where there is a significant demand for activated carbon, especially for water treatment applications.
For instance, in September 2023, SUEZ announced the signing of two landmark contracts in China, marking significant strides in the water and waste management sectors aligned with China's carbon neutrality goals for 2060. Such initiatives by major corporations such as SUEZ highlight the region's commitment to addressing environmental challenges through technological and infrastructural advancements, further propelling the demand for sustainable solutions in water treatment and waste management and enabling the growth of the activated carbon market.
The demand for activated carbon is surging, particularly fueled by expansion in industries such as pharmaceuticals, food and beverage, and chemicals. From drug detoxification and purification processes to its use in kidney dialysis machines for removing toxins from the blood, activated carbon's role in healthcare is expanding. Additionally, its application in protective masks and air purifiers underscores its importance in preventing disease transmission, particularly in hospital settings and laboratories, where clean air is crucial. Furthermore, the pharmaceutical industry is leveraging activated carbon's adsorptive capabilities for the purification of active pharmaceutical ingredients (APIs), ensuring the removal of impurities and the achievement of high purity levels in final drug formulations.
Market Segmentation:
Segmentation 1: by Application
- Liquid-Phase Adsorption
- Gas-Phase Adsorption
Segmentation 2: by End-Use Industry
- Water Treatment
- Food and Beverages
- Pharmaceutical and Medical
- Automotive
- Others
Segmentation 3: by Activated Carbon Type
- Powdered Activated Carbon (PAC)
- Granular Activated Carbon (GAC)
- Others
Segmentation 4: by Raw Material
- Coal
- Coconut
- Peat
- Wood
- Others
Segmentation 5: by Region
- North America
- Europe
- Asia-Pacific
- Rest-of-the-World
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2024 |
| Forecast period considered | 2024-2034 |
| Base year market size | $5.08 Billion in 2024 |
| Market size forecast | $12.10 Billion by 2034 |
| Growth rate | 9.06% |
| Units considered | $ Billion |
| Segments covered | By Application, By End-Use Industry, By Activated Carbon Type, By Raw Material, By Region |
| Industry covered | Advanced Materials & Chemicals |
| Regions covered | North America, Europe, Asia-Pacific, South America, Middle East and Africa |
| Countries covered | U.S., Canada, Mexico, Germany, France, U.K., Italy, Rest-of-Europe, China, Japan, India, South Korea, Rest-of-Asia-Pacific, Rest-of-the-World |
| Companies studied |
|
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, type portfolio, and market penetration.
Some prominent names in the market include:
- Cabot Corporation
- KURARAY CO., LTD.
- JACOBI CARBONS GROUP
- Haycarb (Pvt) Ltd
- Ingevity
- Albemarle Corporation
Key Questions Answered
- How are evolving environmental regulations across different regions expected to impact the global demand and supply chain for activated carbon over the next five years?
- In what ways might advancements in activated carbon technology address the increasing consumer demand for sustainable and eco-friendly purification solutions?
- How could shifts in industrial processes towards greener alternatives influence the development of new activated carbon applications?
- What role will be emerging markets play in the global activated carbon industry, and how might their regulatory and economic landscapes shape market trends?
- How could changes in raw material availability and price volatility affect the cost structure and profitability within the activated carbon market?
This report will be delivered in 1-5 working days.
BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More