Press release
Activated Carbon Market Size to Be Valued at USD 8.54 Billion by 2032
The global activated carbon market size was valued at USD 5.21 billion in 2023 and is projected to grow from USD 5.50 billion in 2024 to USD 8.54 billion in 2032, exhibiting a CAGR of 5.7% during the forecast period.
Activated carbon, also called activated charcoal, is a form of carbon that is majorly used in air purification and gas cleaning applications as they have a high absorption capacity and porosity. The growing use of this product in several industries, right from food & beverage to chemicals is expected to amplify market growth.
Fortune Business Insights™ displays this information in a report titled, "Activated Carbon Market, 2024-2032."
COVID-19 Impact:
Decline in Production Activities During COVID-19 Slumped Market Growth
The COVID-19 pandemic had a detrimental impact on the growth of several industries globally due to the imposition of strict trade and movement restrictions. These restrictions also decreased the production of activated charcoal as the demand for this product declined considerably due to the temporary shutdown of industrial operations. This factor negatively affected the market progress.
List of Key Companies Profiled In the Report:
• Osaka Gas Chemicals Co., Ltd. (Japan)
• Donau Carbon GmbH (Germany)
• Cabot Corporation (U.S.)
• PURAGEN ACTIVATED CARBONS (U.S.)
• CARBOTECH AC GMBH (Germany)
• Kuraray Co., Ltd. (Japan)
• KUREHA CORPORATION (Japan)
• Activated Carbon Technologies (Australia)
• Silcarbon Aktivkohle GmbH (Germany)
• Ingevity (U.S.)
• Iluka Resources (Australia)
• James C & Sons (Australia)
• Universal Carbons (India)
• Carbon Activated Corporation (U.S.)
• Tronox (U.S.)
• Active Char Products (India)
• Genuine Shell Carb (India)
𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅:
https://www.fortunebusinessinsights.com/enquiry/sample/activated-carbon-market-102175
Segmentation:
Granular Carbon to Gain Traction Due to its Rising Use in Many End-use Industries
Based on type, the global market is segmented into powdered, granular, and others. The Granulated Activated Carbon (GAC) segment is the fastest-growing segment as this type of carbon finds major usage in several industries, such as air & gas purification and water treatment.
Activated Charcoal to be Increasingly Used in Water Treatment Applications Due to Rising Industrial Activities
Based on application, the market is categorized into water treatment, air & gas purification, food & beverage, pharmaceutical & healthcare treatment, and others. The water treatment segment held the largest activated carbon market share in 2022 as the product is widely used in water treatment applications to eliminate organic compounds and toxic substances.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report studies the market in detail and underlines critical aspects, such as key product types, applications, and top market players. The report also offers valuable insights into the market's drivers, trends, and prominent industry developments. Besides the abovementioned factors, the report also lists other factors that have helped the market grow.
Drivers and Restraints:
Growing Adoption of Air Purification Systems to Accelerate Market Growth
Air pollution is becoming a major cause of concern globally as it is one of the primary causes of many severe health problems. Individuals in residential areas are suffering from breathing difficulties due to the lack of clean air. This is why many people are opting for air purification systems, which contain activated carbon to absorb the tiniest pollutants and impurities present in the air, providing them with clean, breathable air.
However, rising prices of raw materials to make activated charcoal and their shortage may impede activated carbon market growth.
𝑮𝒆𝒕 𝒂 𝑸𝒖𝒐𝒕𝒆:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/activated-carbon-market-102175
Regional Insights:
Asia Pacific Dominates Due to Presence of Major Active Carbon Consuming Countries
Asia Pacific dominated the global market in 2022 and might retain its dominance during the forecast period as region has two major active carbon consuming countries - India and China. These countries are using this type of carbon in water treatment applications to cater to the growing need for safe and potable water.
North America has also showcased major growth as this product is being widely used in air and water purification applications.
Competitive Landscape:
Key Market Players to Offer Sustainable Purification Solutions to Boost Their Presence
Some of the key companies operating in this market include Cabot Corporation and Kuraray Co. Ltd. These firms are focusing on providing sustainable purification solutions to various industries, such as oil & gas, water treatment, and food & beverage, which will help them strengthen their market position.
Notable Industry Development:
• February 2021 - Ingevity Corporation expanded its activated carbon manufacturing capacity at its factory in Zhuhai, China. Upgrades to the current plant have increased its production capacity by around 15-20%, helping the company cater to the high global demand for its premium, high-capacity pelletized carbon products. These products are used in gasoline vapor emission control systems in trucks, cars, boats, and motorcycles.
𝑹𝒆𝒂𝒅 𝑴𝒐𝒓𝒆 𝑰𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏
https://www.fortunebusinessinsights.com/activated-carbon-market-102175
𝑹𝒆𝒍𝒂𝒕𝒆𝒅 𝑹𝒆𝒑𝒐𝒓𝒕𝒔 -
Water Treatment Chemicals Market
https://www.fortunebusinessinsights.com/industry-reports/water-treatment-chemicals-market-101748
Wood Activated Carbon Market
https://www.fortunebusinessinsights.com/wood-activated-carbon-market-105330
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Activated carbon, also called activated charcoal, is a form of carbon that is majorly used in air purification and gas cleaning applications as they have a high absorption capacity and porosity. The growing use of this product in several industries, right from food & beverage to chemicals is expected to amplify market growth.
Fortune Business Insights™ displays this information in a report titled, "Activated Carbon Market, 2024-2032."
COVID-19 Impact:
Decline in Production Activities During COVID-19 Slumped Market Growth
The COVID-19 pandemic had a detrimental impact on the growth of several industries globally due to the imposition of strict trade and movement restrictions. These restrictions also decreased the production of activated charcoal as the demand for this product declined considerably due to the temporary shutdown of industrial operations. This factor negatively affected the market progress.
List of Key Companies Profiled In the Report:
• Osaka Gas Chemicals Co., Ltd. (Japan)
• Donau Carbon GmbH (Germany)
• Cabot Corporation (U.S.)
• PURAGEN ACTIVATED CARBONS (U.S.)
• CARBOTECH AC GMBH (Germany)
• Kuraray Co., Ltd. (Japan)
• KUREHA CORPORATION (Japan)
• Activated Carbon Technologies (Australia)
• Silcarbon Aktivkohle GmbH (Germany)
• Ingevity (U.S.)
• Iluka Resources (Australia)
• James C & Sons (Australia)
• Universal Carbons (India)
• Carbon Activated Corporation (U.S.)
• Tronox (U.S.)
• Active Char Products (India)
• Genuine Shell Carb (India)
𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅:
https://www.fortunebusinessinsights.com/enquiry/sample/activated-carbon-market-102175
Segmentation:
Granular Carbon to Gain Traction Due to its Rising Use in Many End-use Industries
Based on type, the global market is segmented into powdered, granular, and others. The Granulated Activated Carbon (GAC) segment is the fastest-growing segment as this type of carbon finds major usage in several industries, such as air & gas purification and water treatment.
Activated Charcoal to be Increasingly Used in Water Treatment Applications Due to Rising Industrial Activities
Based on application, the market is categorized into water treatment, air & gas purification, food & beverage, pharmaceutical & healthcare treatment, and others. The water treatment segment held the largest activated carbon market share in 2022 as the product is widely used in water treatment applications to eliminate organic compounds and toxic substances.
With respect to region, the market covers North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The report studies the market in detail and underlines critical aspects, such as key product types, applications, and top market players. The report also offers valuable insights into the market's drivers, trends, and prominent industry developments. Besides the abovementioned factors, the report also lists other factors that have helped the market grow.
Drivers and Restraints:
Growing Adoption of Air Purification Systems to Accelerate Market Growth
Air pollution is becoming a major cause of concern globally as it is one of the primary causes of many severe health problems. Individuals in residential areas are suffering from breathing difficulties due to the lack of clean air. This is why many people are opting for air purification systems, which contain activated carbon to absorb the tiniest pollutants and impurities present in the air, providing them with clean, breathable air.
However, rising prices of raw materials to make activated charcoal and their shortage may impede activated carbon market growth.
𝑮𝒆𝒕 𝒂 𝑸𝒖𝒐𝒕𝒆:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/activated-carbon-market-102175
Regional Insights:
Asia Pacific Dominates Due to Presence of Major Active Carbon Consuming Countries
Asia Pacific dominated the global market in 2022 and might retain its dominance during the forecast period as region has two major active carbon consuming countries - India and China. These countries are using this type of carbon in water treatment applications to cater to the growing need for safe and potable water.
North America has also showcased major growth as this product is being widely used in air and water purification applications.
Competitive Landscape:
Key Market Players to Offer Sustainable Purification Solutions to Boost Their Presence
Some of the key companies operating in this market include Cabot Corporation and Kuraray Co. Ltd. These firms are focusing on providing sustainable purification solutions to various industries, such as oil & gas, water treatment, and food & beverage, which will help them strengthen their market position.
Notable Industry Development:
• February 2021 - Ingevity Corporation expanded its activated carbon manufacturing capacity at its factory in Zhuhai, China. Upgrades to the current plant have increased its production capacity by around 15-20%, helping the company cater to the high global demand for its premium, high-capacity pelletized carbon products. These products are used in gasoline vapor emission control systems in trucks, cars, boats, and motorcycles.
𝑹𝒆𝒂𝒅 𝑴𝒐𝒓𝒆 𝑰𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏
https://www.fortunebusinessinsights.com/activated-carbon-market-102175
𝑹𝒆𝒍𝒂𝒕𝒆𝒅 𝑹𝒆𝒑𝒐𝒓𝒕𝒔 -
Water Treatment Chemicals Market
https://www.fortunebusinessinsights.com/industry-reports/water-treatment-chemicals-market-101748
Wood Activated Carbon Market
https://www.fortunebusinessinsights.com/wood-activated-carbon-market-105330
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner, Pune-411045,
Maharashtra, India.
Phone:
U.S.: US +1 833 909 2966 (Toll Free)
UK +44 808 502 0280 (Toll Free)
APAC +91 744 740 1245
Email: sales@fortunebusinessinsights.com
𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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