Activated Carbon Market Segmentation by Application (Food & Beverages, Water Treatment, Air & Gas Purification, Automotive, and Others); and by Product Type (Granular Activated Carbon, Powered Activated Carbon, and Others)-Global Demand Analysis & Opportunity Outlook 2031
28 Oct 2022
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
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Global Activated Carbon Market Highlights Over 2022 - 2031
The global activated carbon market is estimated to grow at a ~5% CAGR over the forecast period, i.e., 2022 – 2031. Moreover, the market registered a revenue of approximately USD 6.0 billion in 2021. The growth of the market can be attributed to growing concerns related to the environment and regulations imposed by the government. Moreover, there has been an increase in the demand for clean drinking water among people and a rise in awareness among them in relation to the use of activated carbon to filter contaminants from air and water. In addition, the rise in the number of death cases considering the fact of unsafe drinking water is further contributing to the growth of the market. According to the World Health Organization, approximately 829,000 people die each year from diarrhea owing to unsafe drinking water, hand hygiene, and sanitation.
The global activated carbon market is segmented by application into food & beverages, water treatment, air & gas purification, automotive, and others. Out of these, the water treatment segment is anticipated to hold the largest share over the forecast period in the market. This can be attributed to a rise in the number of pollutants in the water that are depleting the properties of water. Moreover, there have been strict regulations imposed by the government on industries to treat water waste.
Global Activated Carbon Market Regional Synopsis
Regionally, the global activated carbon market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the Asia Pacific region is estimated to witness modest growth over the forecast period on the back of the rise in diarrhea cases and the increasing need to purify water for reuse in the growing industrial sector. The diarrhea disease kills approximately one lakh children every year in India, according to the National Health Mission. Moreover, according to the Central Pollution Control Board of India, nearly 500 billion cubic meters of water is used in industries annually, out of the total available fresh water. In North America, the U.S. country is contributing to the growth of the market in the region owing to the regulation imposed by the government on the reuse of industrial water.
Our in-depth analysis of the global activated carbon market includes the following segments:
Food & Beverages
Air & Gas Purification
By Product Type
Granular Activated Carbon
Powered Activated Carbon
Growth Drivers and Challenges Impacting the Growth of the Global Activated Carbon Market
Growing concern over the environment and regulations imposed by the government
Increase in death cases as a result of contaminated drinking water
Instability in the price of activated carbon
Scarcity of raw materials for the production of activated carbon
Key Companies Dominating the Global Activated Carbon Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global activated carbon market that are included in our report are Silcarbon Akitvkohle GmbH, KUREHA CORPORATION, Osaka Gas Chemical Co., Ltd., Haycarb plc, Lenntech B.V., Calgon Carbon Corporation, Oxbow Activated Carbon LLC, Advanced Emissions Solutions, Inc., DESOTEC NC, KURARAY CO., LTD., and others.
Latest Developments in the Global Activated Carbon Market:
29 January 2021: Kuraray Co., Ltd. announced the signing of the United Nations Global Compact (UNGC) on December 17, 2020, to become a partner for sustainable development.
9 June 2022: Osaka Gas Chemical Co., Ltd., announced the acquisition of the interest of Australian Integrated Carbon Pty Ltd contributing to the reduction of carbon dioxide through the regeneration project.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.
The report includes detailed company profiles of the major players dominating the market.
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
FREQUENTLY ASKED QUESTIONS
Growing concern over the environment and regulations imposed by the government and an increase in death cases as a result of contaminated drinking water are the major factors driving the growth of the activated carbon market.
The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022-2031.
Instability in the price of activated carbon and scarcity of raw materials for the production of activated carbon are estimated to hamper the market growth.
Which region will provide more business opportunities for growth of activated carbon market in future?
Asia Pacific region will provide more business opportunities for growth of activated carbon market in future.
The major players in the market are Silcarbon Akitvkohle GmbH, KUREHA CORPORATION, Osaka Gas Chemical Co., Ltd., Haycarb plc, Lenntech B.V., Calgon Carbon Corporation, Oxbow Activated Carbon LLC, Advanced Emissions Solutions, Inc., DESOTEC NC, KURARAY CO., LTD., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, product type, and by region.
Which segment captures the largest market size in application segment in the activated carbon market?
The water treatment segment is anticipated to hold largest market size in value over the forecast period and display significant growth opportunities.
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- Silcarbon Akitvkohle GmbH
- KUREHA CORPORATION
- Osaka Gas Chemical Co.Ltd.
- Haycarb plc
- Lenntech B.V.
- Calgon Carbon Corporation
- Oxbow Activated Carbon LLC
- Advanced Emissions Solutions Inc.
- DESOTEC NC
- KURARAY CO.LTD