According to TechSci Research report, “Activated Carbon Market –Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, the Global Activated Carbon Market has valued at USD 7.68 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.51% through 2028. This can be ascribed to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.
Activated carbon, also known as activated charcoal, has emerged as a key driver in this market, owing to its exceptional adsorption properties and effectiveness in removing airborne pollutants. Activated carbon is widely used in air purification systems to remove volatile organic compounds (VOCs), odors, and harmful gases from indoor environments.
The activated carbon filters, commonly integrated into air purifiers, work by adsorbing and trapping pollutants within their porous structure. This process effectively improves indoor air quality and promotes healthier living spaces. With growing awareness about the adverse effects of indoor air pollution on human health, the demand for effective air purification solutions has surged. Activated carbon filters have gained popularity due to their ability to capture and neutralize a wide range of pollutants, including chemicals, allergens, and odors, thereby driving the demand for activated carbon in the global market.
The rapid urbanization and industrial development witnessed globally have led to increased pollution levels, both outdoors and indoors. As a result, there is a rising need for air purification systems that can combat pollutants in residential, commercial, and industrial settings. Activated carbon’s efficiency in capturing gases and chemicals makes it an ideal choice for air purification, further propelling market growth. Activated carbon finds extensive use in the automotive industry due to its exceptional adsorption capabilities, high surface area, and porous structure.
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It is commonly employed in various automotive components and systems for pollution control, odor removal, and enhanced air purification. As air quality becomes a paramount concern in vehicles, cabin air filtration systems play a crucial role in providing occupants with clean and fresh air. Activated carbon filters are integrated into these systems to effectively trap and remove harmful gases, odors, and particulate matter, improving the overall air quality inside the vehicle. The growing demand for cleaner air in vehicles has propelled the use of activated carbon in cabin air filtration systems, thereby driving the global activated carbon market. Activated carbon is also utilized in vapor emission control systems, commonly known as canister systems.
These systems capture and store harmful fuel vapors from the vehicle’s fuel tank, preventing their release into the atmosphere. Activated carbon acts as an adsorbent material within these canisters, effectively trapping and neutralizing volatile organic compounds (VOCs) and hydrocarbons. The increasing emphasis on reducing vehicle emissions and complying with stricter environmental regulations has led to a surge in demand for activated carbon-based vapor emission control systems, further contributing to the growth of the global activated carbon market.
Global Activated Carbon Market segmentation is based on Type, Raw Material, End User, By Company, and Region
Collaboration and partnerships are essential for promoting sustainability and circular economy practices within the activated carbon industry. By working together, companies can explore opportunities to optimize raw material usage, minimize waste generation, and improve resource efficiency. Collaborative initiatives focusing on recycling, waste valorization, and product life cycle assessments contribute to a more sustainable and environmentally responsible activated carbon value chain.
A recent collaboration based on activated carbon involves the startup Noya, which secured $11 million in funding from USV and Collab Fund. Noya specializes in creating a “Brita-filter” for the air that utilizes activated carbon to filter out carbon molecules from the air. Another example of collaboration in the activated carbon industry is CN Energy, which established its U.S. headquarters to expand its biochar and wood-based activated carbon businesses in global markets.
This move indicates a strategic partnership to leverage expertise and resources to penetrate new markets. However, fluctuations in prices of raw materials and stringent environmental regulations are expected to slow down the growth of the market in the coming years.
Some of the major companies operating in the Global Activated Carbon Market include:
- Calgon Carbon Corporation
- Cabot Corporation (CBT)
- Kuraray Co., Ltd.
- CarboTech AC GmbH
- ADA Carbon Solutions, LLC
- Indo German Carbons Limited
- Oxbow Activated Carbon LLC
- Donau Chemie AG
- CECA SA
- Hayleys PLC
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“Certain regions, particularly the Asia Pacific, are projected to exert significant demand for activated carbon worldwide. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhancing their activated carbon productivity each year, are expected to contribute to a remarkable growth of the Global Activated Carbon Market in the forecast period,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.
Global Activated Carbon Market By Type (Powdered, Granular, Others), By Raw Material (Wood, Coconut Shells, Coal, and Others), By End User (Water Treatment, Food & Beverage, Pharmaceutical, Automotive, Air Purification, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of Global Activated Carbon Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Activated Carbon Market.
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Table of Content-Activated Carbon Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Applications
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Impact of COVID-19 on Global Activated Carbon Market
- Global Activated Carbon Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Powdered, Granular, Others)
5.2.2. By Raw Material (Wood, Coconut Shells, Coal, and Others)
5.2.3. By End User (Water Treatment, Food & Beverage, Pharmaceutical, Automotive, Air Purification, Others)
5.2.4. By Region
5.2.5. By Company (2023)
5.3. Market Map
- North America Activated Carbon Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Raw Material
6.2.3. By End User
6.2.4. By Country
6.3. North America: Country Analysis
6.3.1. United States Activated Carbon Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Type
6.3.1.2.2. By Raw Material
6.3.1.2.3. By End User
6.3.2. Mexico Activated Carbon Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Type
6.3.2.2.2. By Raw Material
6.3.2.2.3. By End User
6.3.3. Canada Activated Carbon Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Type
6.3.3.2.2. By Raw Material
6.3.3.2.3. By End User
- Europe Activated Carbon Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Raw Material
7.2.3. By End User
7.2.4. By Country
7.3. Europe: Country Analysis
7.3.1. France Activated Carbon Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Type
7.3.1.2.2. By Raw Material
7.3.1.2.3. By End User