Global Activated Carbon Market was valued at USD 5.68 billion in 2020 and is anticipated to reach USD 9.25 billion by 2027, at a CAGR of 8.78% from 2021 to 2027.
To manufacture activated carbon, organic material with high carbon content is processed. Physical adsorption is key property of activated carbon which is advantageous for purification, decaffeination, metal finishing, medicine, filters and removal of pollutant and fuel storage. Liquid and gaseous phase of activated carbon improves its uses in removal of lead, dissolved radon, other odor-causing compounds and mercury.
On the basis of product, the activated carbon is segmented into powdered activated carbon, granular activated carbon and other activated carbon. Granular activated carbon will dominate the product segment of the activated carbon market during the forecast period.
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The application segment of activated carbon is bifurcated into liquid phase and gaseous phase. Liquid phase activated carbon market is anticipated to exhibit highest growth rate during the analysis timeframe.
By end user segment the activated carbon market is divided into water treatment, food & beverage processing, pharmaceutical & medical, automotive, air purification and others. The water treatment segment forms a major end-user industry of the activated carbon market.
Impact of the COVID-19
In 2020, the activated carbon market was mostly impacted by the COVID-19 pandemic with a substantial decline in its CAGR. Safety and government orders issued at the federal, state, and local levels meaningfully affected activated carbon manufacturers and suppliers in 2020. COVID-19 has been badly affected the economies of several countries, and several industries’ growth and production have declined. Yet, the usage of activated carbon in face masks increased the market, as the demand for face masks increased due to the pandemic.
Key Players
The key companies of the activated carbon market are Cabot Corporation, Jacobi Carbons Group, Ingevity, Kuraray Co Ltd, Haycarb (Pvt) Ltd, Calgon Carbon Corp., Osaka Gas Chemical Co. Ltd., Evoqua Water Technologies LLC., Kureha Corporation., Siemens Water Technologies Corp., Comelt S.P.A.
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Activated Carbon Market Segmentation
By Product Type
By Application
By End User
By Region
Key Development
Regional Analysis
APAC led the global activated carbon market. APAC is divided into China, Japan, India, Indonesia, South Korea, and the Rest of APAC. Developed regions like North America and Europe are expected to witness moderate growth owing to the saturation of end use industries and a weak economic scenario, particularly in Europe. North America is the second largest market.
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