Insights from Future Market Research

Activated carbon is a form of carbon that has been treated with oxygen to open millions of tiny pores between the carbon atoms. This increases its surface area, making it highly effective at adsorbing and filtering a wide range of impurities from liquids and gases. Activated carbon is used in a variety of industries, including water treatment, air purification, food and beverage, pharmaceuticals, and automotive.

The global Activated Carbon Market was valued at USD 5.39 billion in 2021 and is expected to grow at a CAGR of 7.61% from 2022 to 2030. The major drivers of growth in the activated carbon market include increasing demand for water and air purification, strict government regulations on water and air pollution, and growth in the food and beverage industry.

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Regional Analysis:

The Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa regions make up most of the worldwide market for activated carbon. During the time of assessment, the Asia-Pacific region is anticipated to dominate worldwide market growth. Due to the region’s water shortage, the industrial sector’s growing requirement for water purification and reuse is driving this rise, which is expected to increase demand for the product in the years to come. North America held the second-largest market share in 2020 with a share of 20.14% and is anticipated to grow at a modest CAGR. Additionally, during the predicted period, Europe is expected to see the strongest increase. Over the course of the projected period, profitable opportunities are also anticipated to arise in Latin America and the Middle East and Africa.

AIPIA member and long-time industry participant AIMPLAS is doing research on bioplastics for active packaging in the cosmetics sector and absorbent litter in the pet market as part of the European BeonNAT Project. BonNAT includes the manufacturing of paper, biochar, activated carbon, lignocellulosic materials, new absorbents for pets, paper pulp, particle board, as well as the cultivation and harvesting of species, the extraction and purification of essential oils and plant extracts, among other things.

Market Segmentation:

Powder activated carbon has the greatest market by type in 2020 due to its extensive application in dechlorinating water, removing mercury from power plant emissions, treating drinking water, rehabilitating groundwater, and removing taste and odour from water used in the food and beverage sector.

Granular Activated Carbon: The granulated form of activated carbon displays good diffusion properties and a significantly bigger particle size. For the decolorization of sugar solutions, vegetable oils and fats, liquor, and fruit concentrates, among other things, it is frequently employed in the food and beverage business.

Extruded Activated Carbon: To create extruded activated carbon, activated carbon powder or crushed charcoal are combined with a suitable binder. The combination is then put through a high-pressure extrusion process to create cylindrical-shaped activated carbon.

Others: The section for others comprises impregnated activated carbon, carbon with a polymer coating, and activated carbon beads.

Using Application

Water purification will have the greatest market share in 2020 due to the fact that activated carbon helps purify water by removing chlorine and organic contaminants, making it acceptable for use in manufacturing processes.

Air Purification: The increasing use of granular and powdered activated carbon in the removal of H2S and BTX from natural gas as well as the adsorption of volatile organic compounds (VOCs) from the air is a major reason driving the rise of this material.

Food & Beverage: In the food and beverage sector, activated carbon is used to absorb gases and eliminate offensive flavours and odours from a variety of food items. Taking high-fructose corn sugar out of sweetener products also helps.

Industrial Chemicals: Activated carbon is utilised in a variety of industrial chemical processes, including the production of soda ash, the purification of high-molecular-weight proteins and organic contaminants, and many other processes.

Metal Extraction: The product in the recovery of precious metals uses activated carbon (gold). It offers a variety of particle sizes, hardness, inertness, strong affinity for gold, resistance to abrasion, and good electability.

Pharmaceuticals: Active pharmaceutical ingredients (API), including antibiotics, steroids, vitamins, pharmaceutical intermediates, and painkillers, are purified using activated carbon.

Automotive: Activated Carbon is utilised in ultracapacitor applications for hybrid electric cars to improve battery performance.

Catalyst: Due to its purity, substantial surface area, recyclability, and inertness, the product is increasingly used as a suitable carrier for catalytic metals, which is principally responsible for the expansion of the catalyst segment.

The purification of electroplating solutions, analytical chemistry, agriculture, energy storage, and hemodialysis are some of the various uses for activated carbon.

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Key Players:

Big players in the global activated carbon market Cabot Corporation (USA), DESOTEC Activated Carbon (Belgium), Donau Carbon GmbH (Germany), Haycarb (Pvt) Ltd (Sri Lanka), Kuraray Co. Ltd (Japan), Kureha Corporation (Japan), Lenntech BV (the Netherlands), Osaka Gas Chemicals Co. Ltd (Japan), Oxbow Activated Carbon (USA), Prominent Systems Inc. (USA), and Silcarbon Aktivkohle GmbH (Germany).

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