The global Activated Carbon market reached a value of about USD 4.24 billion in 2021. The industry is projected to grow at a CAGR of around 8% in the forecast period of 2022-2027 to reach a value of about 6.73 MMT by 2027.
The global Activated Carbon industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is being driven by the extensive application of the product in wastewater treatment. In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.
Activated carbon or activated charcoal is a kind of carbon widely used to remove impurities from water and the air, among other things. It is treated (activated) to produce tiny, low-volume holes, which enhance the surface area accessible for adsorption or chemical reactions. It is employed in various applications, including municipal drinking water, food, and beverage processing, odour elimination, and industrial pollution management; activated carbon is used to filter liquids and gases. The carbon's high surface area is due to its graphite structure, which allows it to absorb a broad spectrum of chemicals. The Activated Carbon industry report comprises segments by type (P.A.C., G.A.C.), end-use (Water Treatment, Air Treatment, Gold Treatment, Respirators, Solvency Recovery, Others), and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
The Asia Pacific region holds the largest share in the market owing to the wide availability of labour and raw materials. Furthermore, the growing technological advancement in the sector is furthering the market's potential. The countries China and Japan are significant consumers of the market.
The industry is being driven by the rising demand for the product in water filtration and air purification. It plays a crucial role in absorbing pollutants from the water, and it can also get rid of chlorine from the water. The compound can also be utilised for air treatment, gold treatment, respirators, and solvency recovery, giving the industry a significant thrust. It absorbs micro-pollutants like chlorine, methane, and other organic molecules from the air. The stringent regulatory policies for the environment boost the demand for the product. Moreover, policy programmes to promote the frameworks for water treatment, etc., are furthering the product's market.
However, the activated charcoal in meals can cause vitamin absorption problems, medication absorption problems, and gastrointestinal adverse effects. The following factors are likely to hamper the market's expansion.
The global Activated Carbon industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Activated Carbon regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
There are two ways to synthesise activated carbon: the more efficient method produces higher quality and purer activated carbon. Activated carbon is created by placing it in a tank without oxygen and heating it to temperatures between 600 and 900 degrees Celsius. The carbon is then subjected to various chemicals, most often argon and nitrogen, before being put in a tank and superheated between 600 and 1200 degrees Celsius. When the carbon is placed in the heat tank for the second time, it is exposed to steam and oxygen. A pore structure is formed due to this process, and the carbon's functional surface area is considerably increased.
The product is also employed in the pharmaceutical sector to absorb the impurifications in synthetic drugs. Carbon activation is used to monitor emissions, reduce V.O.C.s (volatile organic compounds), and enhance cabin air quality in the automobile industry. In the food and beverage sector, activated carbon removes contaminants and decolourise food components. Activated carbon has been used to remove the colour from food, oils, pharmaceuticals, and chemical goods. It's an excellent way to get rid of coloured impurities from the finished product. In addition, research and development efforts are progressively concentrated on synthesising activated carbons obtained from low-cost sources, with the use of expensive commercial activated carbons gradually being phased out. Furthermore, the use of activated carbon to treat wastewater has gotten a lot of attention since technological improvements are helping to lower the cost of producing activated carbon while also lowering the cost of disposing of bio-waste. During the research period, the increased demand for activated carbon in the treatment of different pollutants, including ions, dyes, and various organic contaminants, is predicted to boost the activated carbon market's overall growth significantly.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The majority of big players choose expansion as their primary business strategy, and business expansion accounts for over 45 percent of the tactics used by significant companies in this industry. Other primary methods used by leading competitors to stay competitive in the activated carbon market include agreements and partnerships, acquisitions and mergers, product launches, and joint ventures. Rising demand has prompted several businesses to enter the market, and many more are currently looking for methods to do so. With developments in reactivation, more organisations are attempting to capitalise on the prospects and are developing strategies to enter the reactivation sector, such as providing on-site services. The corporations are substantially spending R&D efforts to create new goods and capitalise on attractive niche market prospects.
1. Executive Summary
2. Global Activated Carbon Market Snapshot
2.1. Activated Carbon Market Outlook
2.2. Activated Carbon Industry Analysis by Type
2.3. Activated Carbon Industry Analysis by End Use
2.3.1. Water Treatment
2.3.2. Air Treatment
2.3.3. Gold Treatment
2.3.5. Solvency Recovery
2.4. Regional Overview
2.4.1. North America
2.4.3. Asia Pacific
2.4.4. Latin America
3. Impact of Recent Events
4. Activated Carbon Value Chain Analysis
5. Activated Carbon Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Activated Carbon Cost Structure
9. Activated Carbon Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Activated Carbon Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. SWOT Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Feedstock Market Analysis
13.1. Market Overview
13.2. Price Analysis
14. Industry Best Practices
14.1. Sourcing Strategy
14.2. Procurement Model
14.3. Contract Structure
14.4. Negotiation Levers
14.5. Pricing Model
14.6. Key Factors Influencing the Quotation
15. Key Supplier Analysis
15.1. Kuraray Europe GmbH
15.2. Oxbow Coal Ltd.
15.3. HayCarb Pvt. Ltd.
15.4. Indo German Carbons Limited
15.5. S.I.C.A.V. Spa
15.6. Shinkwang Chem. Ind. Co., Ltd
15.7. Century Chemical Works Sdn. Bhd
The global Activated Carbon market size was valued at USD 4.24 billion in 2021.
As per the end-uses provided, the water treatment segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for the product for water treatment and air purification is one of the essential drivers of the Activated Carbon market growth.
Kuraray Europe, Oxbow Coal S.A.R.L., HayCarb, Indo German Carbons Limited, and Shinkwang Chem. Ind. Co., Ltd. are some of the prominent players in the market.
The Asia Pacific region of the Activated Carbon industry holds a significant share in the market.
The global Activated Carbon market gained USD 4.24 billion in 2021, powered by the rising demand for water treatment solutions. Furthermore, it plays a critical role in the absorption of pollutants from the water, and it can also get rid of chlorine from the water boosting the market demand. The compound can also be utilised for air treatment, gold treatment, respirators, and solvency recovery furthering the industry's expansion. Also, policy programmes to promote the frameworks for water treatment, etc., are augmenting the industry's growth. Aided by the growing applications of the product in other industries, including pharmaceutical, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 8%. The market is projected to reach 6.73 MMT by 2027.
Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate actionable and help them remain ahead of their competition. Some of the leading players in the industry are Kuraray Europe, Oxbow Coal S.A.R.L., HayCarb, Indo German Carbons Limited, Shinkwang Chem. Ind. Co., Ltd.
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