market Overview
The global Activated Carbon market size is expected to register a healthy CAGR of 8.59% during the review period, to exceed USD 9,593.97 million by the end of 2028. Activated charcoal is often used to absorb normal natural compounds, taste and odor compounds, and natural synthetic substances produced from drinking water. Interest in safe drinking water is on the rise with increasing population and pollution from now on, which is expected to fuel interest in activated carbon over the projected time frame.
Carbon-based materials are gaining popularity in different energy-related applications due to their ease of processing, easy spillage, physical and warm stability. Activated carbons are attractive carbon materials for these applications because of their enormous surface area and high pore volume combined with moderately low cost. Soon, activated carbon is evaluated to be gradually used to assemble supercapacitors and store hydrogen. Carbon-based materials are becoming more and more common in different energy-related applications because they are not difficult to process, easy to overflow, and have synthetic and thermal strength. Activated carbons are attractive carbon materials for these applications because of their huge surface area and high pore volume at low cost. Before long, it was estimated that activated carbon would gradually be used to assemble supercapacitors and store hydrogen. However, the difficulty of activated carbon as a filter hinders the future market growth.
market segmentation
The global activated carbon market is segmented into type and application.
The type is further divided into powder activated carbon, granular activated carbon, extruded activated carbon, etc. Other segments include impregnated activated carbon, polymer coated carbon, and beaded activated carbon.
The application segment is further segmented into water purification, air purification, food & beverages, industrial chemicals, metal extraction, pharmaceuticals, automotive, catalysts, and others. Other segments include purification of electroplating solutions, analytical chemistry, agriculture, energy storage and hemodialysis.
Regional Analysis
Geographically, the global activated carbon market has been segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa.
Asia Pacific is expected to witness global market growth over the review period. The growth of the regional market is attributed to the increasing demand for water purification and its reuse in industrial sectors, as water scarcity is expected to increase interest in activated carbon in future. North America is expected to register the second largest activated carbon market during the review period, contributing the largest market contribution of 20.14% in 2020. Furthermore, Europe is expected to register a rapidly expanding market during the review period. The Latin America and Middle East & Africa regions are also expected to create attractive growth opportunities over the projected time frame.
The main participants
Prominent companies operating in the activated carbon field globally include Cabot Corporation, Osaka Gas Chemicals Co., Ltd, Kuraray Co., Ltd, Haycarb (Pvt) Ltd, Kureha Corporation, Donau Carbon GmbH, DESOTEC Activated Carbon, Oxbow Activated Carbon, Silcarbon Aktivkohle GmbH , Karbonous Inc and Lenntech BV. Cabot Corporation, Osaka Gas Chemicals Co., Ltd, Kuraray Co., Ltd, Haycarb (Pvt) Ltd, and Kureha Corporation.
COVID 19 Impact
We have been tracking the impact of the COVID-19 pandemic on various industries and verticals across all sectors. Due to the impact of COVID-19 on the industry, our research report contains the same to help you understand the decline and rise. Additionally, we help you identify the gap between supply and demand in your market of interest. Additionally, the report helps you in your analysis, revisions to government regulations, and many other useful insights.
