Activated Carbon Market - Global Industry Analysis

Activated Carbon Market

Activated Carbon Market By Type (Powdered Activated Carbon, Granulated Activated Carbon, Others (Pellet Shaped, Bead Shaped, and So On)), By Application (Liquid Phase Applications, Gas Phase Applications), and By Region - Global and Regional Industry Overview, Comprehensive Analysis, Market Intelligence, Historical Data, and Forecasts 2022 – 2028

Published Date: 19-Aug-2022 Category: Chemical & Materials Report Format : PDF Pages: 254 Report Code: ZMR-587 Status : Published

The global activated carbon market size was worth USD 5,482.50 million in 2021 and is estimated to grow to USD 9245.430 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.10% over the forecast period.

Description

Activated Carbon Market Size And Industry Analysis

The global activated carbon market size was worth USD 5,482.50 million in 2021 and is estimated to grow to USD 9245.430 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.10% over the forecast period. The report analyzes the activated carbon market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the activated carbon market.

Activated Carbon Market: Overview

Activated carbon is an organic molecule with a porous structure capable of absorbing all contaminants. Activated carbon is typically made from charcoal. They are referred to as activated coal when obtained from coal. In various applications, including municipal drinking water, food & beverage processing, odor elimination, and industrial pollution management, activated carbon is used to clarify liquids and gases. Activated carbon pulls and exists organic compounds from vapor and liquid streams, removing unwanted pollutants.

It has a low potential for these compounds but is particularly cost-effective for processing vast quantities of air or water to remove dilute contamination concentrations. Raw materials such as wood, peat, coconut shell charcoal, wood chips, petroleum pitch, phenolic resin, and viscose rayon generate distinct product forms. The benefit of using a significant amount of raw material throughout the production process results in a high carbon yield. Because of its ability to remove particulate and dissolved pollutants, activated carbon is widely utilized in water and sewage treatment.

The rising demand for activated carbon for water treatment applications is a critical element driving the growth of the worldwide market. While activated charcoal is often employed in wastewater treatment, the market for activated carbon in the personal care and pharmaceutical industries is also expanding. Because activated carbon plays an important role in removing poison, bacteria, chemicals, and dirt from the skin's surface, various organizations in the personal care sector are shifting toward using activated charcoal in their products. This factor is expected to aid global activated carbon market growth during the forecast period.

Global Activated Carbon Market

Covid-19 Impact:

Due to the COVID-19 pandemic, transportation restrictions were established, resulting in lower industrial output and disrupted supply chains, significantly impacting global economic growth and market growth. As a result of the work stoppage, the firms make no profit. They lose not only money but also suppliers who supply the necessary components to various companies for use in the water treatment industry. Furthermore, due to social distancing conventions during COVID-19, manufacturing enterprises work with a reduced staff, severely harming production, and food & beverage operations.

Key Insights

  • As per the analysis shared by our research analyst, the global activated carbons market value is expected to grow at a CAGR of 9.10% over the forecast period.
  • In terms of revenue, the global activated carbons market size was valued at around USD 5,482.50 million in 2021 and is projected to reach USD 9245.430 million by 2028.
  • The global activated carbon market has grown rapidly due to rising demand for activated carbon in water treatment applications, technological advancements, increased health awareness, and people's increasing capacity to receive medical services.
  • By type, the powdered activated carbon category dominated the market in 2021.
  • By application, the gas phase applications category dominated the market in 2021.
  • Asia-Pacific dominated the global activated carbons market in 2021.

Activated Carbon Market: Growth Drivers

The usage of activated carbon to mitigate pollution is increasing driving market growth.

The rising need for mercury control technologies for different industrial air purification applications is expected to drive the demand for activated carbon. In the coming years, many manufacturing sites in the United States and Europe will be forced to satisfy rigorous new emission regulations for mercury and other hazardous air pollutants. Clinker cement factories, coal-fired power plants, and facilities operating big industrial boilers are examples of these. Sources must fulfill certain emission limitations based on the levels of emissions previously attained by the best-performing facilities. The Environmental Protection Agency (EPA) establishes these restrictions under Maximum Achievable Control Technology (MACT) guidelines. This will drive the growth of the global activated carbon market during the coming period.

Activated Carbon Market: Restraints

The scarcity of raw ingredients is driving up the price of activated carbon hampering market expansion.

The reliance on coconut shells as a raw material restricts activated carbon generators. Natural disasters, which can limit or destroy raw material production, impede the value chain of activated carbon. As a result, the price of raw materials such as coconut shells has risen. Various sectors, such as electricity, iron & steel, and cement plants, constantly need the same raw material, affecting the availability of good grades of coal necessary to generate activated carbon.

Activated Carbon Market: Opportunity

Reactivated carbon will provide attractive prospects for manufacturers of activated carbon.

Strict air quality requirements and an expanding number of municipal and industrial wastewater treatment plants have resulted in a strong demand for activated carbon. This has put further strain on activated carbon manufacturers. To address this, several activated carbon companies are focused on manufacturing reactivated carbon, which has a cost advantage of 20-30% over virgin activated carbon. Reactivated carbon is a cost-effective and environmentally beneficial substitute for regular activated carbon.

Activated Carbon Market: Challenges

Low industrial growth as a result of poor economic conditions

The global economic downturn influences industrial growth. Activated carbon is widely employed in various sectors, including chemical, petrochemical, food & beverage, pharmaceutical, mining, and automotive industries, as well as water treatment. Crude oil price fluctuations influence the value chain of the petrochemical, chemical, and associated sectors. The low level of industrial activity directly influences the growth of the global activated carbon market.

Activated Carbon Market: Segmentation

The global activated carbon market is segregated based on type, applications, and regions.

Based on type, the activated carbon market is segmented into powdered activated carbon, granulated activated carbon, and others (pellet shaped, bead-shaped, and so on). The powdered activated carbon sector is expected to grow fastest over the projected period. Because of its distinctive pore structure and high adsorption capacity, the powdered form is the most popular and widely utilized variant, with applications in automotive, pharmaceutical, medical, and food & beverage processing. Rising demand and strict environmental laws are projected to significantly drive this segment's expansion. Granular activated carbon is likewise predicted to increase rapidly throughout the projection period.

Based on application, the market is classified into liquid phase applications and gas phase applications. Gas phase applications dominate the market. In gas phase applications, the activated carbon absorbs hazardous gases, airborne dust, contaminants, and smells. It is utilized in both vehicles and industrial gases. Activated carbon is used in gas phase applications for various functions, including deodorization and filters for industrial air, chemical processing facilities, exhaust emissions, and smoking rooms. It is primarily utilized in automotive and industrial applications to regulate exhaust gas emissions and odor and for solvent recovery. Activated carbon is used in the automated industry to remove ultrafine (UF) particles from air filters. Demand for activated carbon in the automobile sector is projected to be driven by stringent government rules governing flue gas emissions.

Recent Development:

  • February 2020: The General Carbon Corporation has announced intentions to construct a new activated carbon manufacturing facility in the United States. The new factory will manufacture granular and pelletized activated carbon. This move is expected to assist the firm in meeting the growing demand for activated carbon among consumers worldwide.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Activated Carbon Market: Regional Landscape

Asia-Pacific dominates the activated carbon market in 2021

Asia Pacific is predicted to develop at the fastest CAGR during the projection period. China, India, and Indonesia's chemicals, food and beverage, and energy sectors are seeing substantial expansion, boosting demand for activated carbon in the regional market. During the predicted period, North America is also expected to increase considerably. The increase is mostly due to the increased usage of activated carbon in water filtration and air purification applications.

In terms of value, North America is the world's second-largest region in the global activated carbon market. During the projection period, the US market is expected to have the highest CAGR in the region in terms of value. North America has always been a global leader in product innovation and quality. North America's most developed countries are the United States and Canada. In terms of value, the United States held the greatest share of the North American activated carbon market in 2020. Cabot Corporation (US) is a key company in North America that serves a diverse range of clients worldwide.

Activated Carbon Market: Competitive Landscape

Some of the main competitors dominating the global activated carbon market include Osaka Gas Co., Ltd., Cabot Corporation, Kuraray Co. Ltd, Haycarb Plc, Kureha Corporation, BASF Se, Donau Carbon Gmbh, Silcarbon Atkivkohle Gmbh, Prominent Systems Inc., and Oxbow Activated Carbon Llc.

Global Activated carbons Market is segmented as follows:

By Type

  • Powdered Activated Carbon
  • Granulated Activated Carbon

By Application

  • Liquid Phase Applications
  • Gas Phase Applications

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Activated Carbon Market, (2022 - 2028) (USD Million)
    • 2.2 Global Activated Carbon Market : snapshot
  • Chapter 3. Global Activated Carbon Market - Industry Analysis
    • 3.1 Activated Carbon Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 The usage of activated carbon to mitigate pollution is increasing driving market growth
    • 3.3 Market Restraints
      • 3.3.1. The scarcity of raw ingredients is driving up the price of activated carbon hampering market expansion
    • 3.4 Market Opportunities
      • 3.4.1. Reactivated carbon will provide attractive prospects for manufacturers of activated carbon
    • 3.5 Market Challenges
      • 3.5.1. Low industrial growth as a result of poor economic conditions
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By By Application
  • Chapter 4. Global Activated Carbon Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Activated Carbon Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Activated Carbon Market - Type Analysis
    • 5.1 Global Activated Carbon Market overview: By Type
      • 5.1.1 Global Activated Carbon Market share, By Type, 2021 and 2028
    • 5.2 Powdered Activated Carbon
      • 5.2.1 Global Activated Carbon Market by Powdered Activated Carbon, 2022 - 2028 (USD Million)
    • 5.3 Granulated Activated Carbon
      • 5.3.1 Global Activated Carbon Market by Granulated Activated Carbon, 2022 - 2028 (USD Million)
  • Chapter 6. Global Activated Carbon Market - By Application Analysis
    • 6.1 Global Activated Carbon Market overview: By By Application
      • 6.1.1 Global Activated Carbon Market share, By By Application, 2021 and 2028
    • 6.2 Liquid Phase Applications
      • 6.2.1 Global Activated Carbon Market by Liquid Phase Applications, 2022 - 2028 (USD Million)
    • 6.3 Gas Phase Applications
      • 6.3.1 Global Activated Carbon Market by Gas Phase Applications, 2022 - 2028 (USD Million)
  • Chapter 7. Activated Carbon Market - Regional Analysis
    • 7.1 Global Activated Carbon Market Regional Overview
    • 7.2 Global Activated Carbon Market Share, by Region, 2021 & 2028 (USD Million)
    • 7.3. North America
      • 7.3.1 North America Activated Carbon Market, 2022 - 2028 (USD Million)
        • 7.3.1.1 North America Activated Carbon Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 North America Activated Carbon Market, by Type, 2022 - 2028
      • 7.4.1 North America Activated Carbon Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 North America Activated Carbon Market, by By Application, 2022 - 2028
      • 7.5.1 North America Activated Carbon Market, by By Application, 2022 - 2028 (USD Million)
    • 7.4. Europe
      • 7.4.2 Europe Activated Carbon Market, 2022 - 2028 (USD Million)
        • 7.4.2.1 Europe Activated Carbon Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Europe Activated Carbon Market, by Type, 2022 - 2028
      • 7.4.1 Europe Activated Carbon Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 Europe Activated Carbon Market, by By Application, 2022 - 2028
      • 7.5.1 Europe Activated Carbon Market, by By Application, 2022 - 2028 (USD Million)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Activated Carbon Market, 2022 - 2028 (USD Million)
        • 7.5.3.1 Asia Pacific Activated Carbon Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Asia Pacific Activated Carbon Market, by Type, 2022 - 2028
      • 7.4.1 Asia Pacific Activated Carbon Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 Asia Pacific Activated Carbon Market, by By Application, 2022 - 2028
      • 7.5.1 Asia Pacific Activated Carbon Market, by By Application, 2022 - 2028 (USD Million)
    • 7.6. Latin America
      • 7.6.4 Latin America Activated Carbon Market, 2022 - 2028 (USD Million)
        • 7.6.4.1 Latin America Activated Carbon Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 Latin America Activated Carbon Market, by Type, 2022 - 2028
      • 7.4.1 Latin America Activated Carbon Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 Latin America Activated Carbon Market, by By Application, 2022 - 2028
      • 7.5.1 Latin America Activated Carbon Market, by By Application, 2022 - 2028 (USD Million)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Activated Carbon Market, 2022 - 2028 (USD Million)
        • 7.7.5.1 The Middle-East and Africa Activated Carbon Market, by Country, 2022 - 2028 (USD Million)
    • 7.4 The Middle-East and Africa Activated Carbon Market, by Type, 2022 - 2028
      • 7.4.1 The Middle-East and Africa Activated Carbon Market, by Type, 2022 - 2028 (USD Million)
    • 7.5 The Middle-East and Africa Activated Carbon Market, by By Application, 2022 - 2028
      • 7.5.1 The Middle-East and Africa Activated Carbon Market, by By Application, 2022 - 2028 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Osaka Gas Co. Ltd.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Cabot Corporation
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Kuraray Co. Ltd
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Haycarb Plc
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Kureha Corporation
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 BASF Se
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Donau Carbon Gmbh
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Silcarbon Atkivkohle Gmbh
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Prominent Systems Inc.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Oxbow Activated Carbon Llc.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Activated Carbon Market, 2022 - 2028 (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Activated Carbon Market attractiveness, By Type
  • 6. Global Activated Carbon Market attractiveness, By By Application
  • 7. Global Activated Carbon Market share by Type, 2022 and 2028 (USD Million)
  • 8. Global Activated Carbon Market by Powdered Activated Carbon, 2022 - 2028 (USD Million)
  • 9. Global Activated Carbon Market by Granulated Activated Carbon, 2022 - 2028 (USD Million)
  • 10. Global Activated Carbon Market share by By Application, 2022 and 2028 (USD Million)
  • 11. Global Activated Carbon Market by Liquid Phase Applications, 2022 - 2028 (USD Million)
  • 12. Global Activated Carbon Market by Gas Phase Applications, 2022 - 2028 (USD Million)
  • 13. Global Activated Carbon Market share, by Region, 2022 and 2028
  • 14. North America Activated Carbon Market, 2022 - 2028 (USD Million)
  • 15. Europe Activated Carbon Market, 2022 - 2028 (USD Million)
  • 16. Asia Pacific Activated Carbon Market, 2022 - 2028 (USD Million)
  • 17. Latin America Activated Carbon Market, 2022 - 2028 (USD Million)
  • 18. The Middle-East and Africa Activated Carbon Market, 2022 - 2028 (USD Million)

Table Of Tables

  • 1. Global Activated Carbon Market: Snapshot
  • 2. Drivers of the Activated Carbon Market: impact analysis
  • 3. North America Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 4. North America Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 5. U.S. Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 6. U.S. Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 7. Canada Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 8. Canada Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 9. Europe Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 10. Europe Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 11. Germany Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 12. Germany Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 13. France Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 14. France Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 15. U.K. Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 16. U.K. Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 17. Italy Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 18. Italy Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 19. Spain Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 20. Spain Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 21. Rest of Europe Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 22. Rest of Europe Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 23. Asia Pacific Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 24. Asia Pacific Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 25. China Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 26. China Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 27. Japan Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 28. Japan Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 29. India Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 30. India Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 31. South Korea Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 32. South Korea Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 33. South-East Asia Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 34. South-East Asia Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 35. Rest of Asia Pacific Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 36. Rest of Asia Pacific Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 37. Latin America Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 38. Latin America Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 39. Brazil Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 40. Brazil Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 41. Mexico Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 42. Mexico Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 43. Rest of Latin America Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 44. Rest of Latin America Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 45. The Middle-East and Africa Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 46. The Middle-East and Africa Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 47. GCC Countries Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 48. GCC Countries Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 49. South Africa Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 50. South Africa Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)
  • 51. Rest of Middle-East Africa Activated Carbon Market revenue, By Type, 2022 - 2028 (USD Million)
  • 52. Rest of Middle-East Africa Activated Carbon Market revenue, By By Application, 2022 - 2028 (USD Million)

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FrequentlyAsked Questions

The main reasons anticipated to propel the activated carbons market during the forecast period are due to rising demand for activated carbon in water treatment applications, technological advancements, increased health awareness, and people's increasing capacity to receive medical services. The Global Activated Carbon Industry study offers a comprehensive analysis of the market.

According to the report, the global activated carbons market size was worth USD 5,482.50 million in 2021 and is estimated to grow to USD 9245.43 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.10 percent over the forecast period.

During the projection period, Asia Pacific is predicted to develop at the fastest CAGR. The chemicals, food and beverage, and energy sectors in China, India, and Indonesia are seeing substantial expansion, which is boosting demand for activated carbon in the regional market.

Some of the main competitors dominating the global activated carbons market include - Osaka Gas Co., Ltd., Cabot Corporation, Kuraray Co. Ltd, Haycarb Plc, Kureha Corporation, BASF Se, Donau Carbon Gmbh, Silcarbon Atkivkohle Gmbh, Prominent Systems Inc., and Oxbow Activated Carbon Llc.

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