Activated Carbon Market Set to Reach USD 11 Billion by 2030, Driven by Growing Demand for Water and Air Purification

Activated Carbon Market Set to Reach USD 11 Billion by 2030, Driven by Growing Demand for Water and Air Purification

According to Next Move Strategy Consulting, the global Activated Carbon Market, is poised to reach USD 11 billion by 2030, growing at a compound annual growth rate (CAGR) of 8% during the forecast period by 2030, according to a new report.

Activated carbon, also known as activated charcoal, is an effective adsorbent used across various industries to purify, deodorize, decolorize, and dechlorinate a wide range of compounds. This market growth is driven by increasing environmental concerns, the rising demand for clean water, and the growing applications of activated carbon across diverse industries, including water treatment, air purification, and industrial waste management.

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Market Overview
Activated carbon’s high surface area and porosity make it a highly efficient adsorbent for organic and inorganic materials. It is widely used in industries such as water and air purification, pharmaceuticals, and the food and beverage sector for processes like dechlorination, deodorization, and color removal. In water treatment, activated carbon plays a critical role in the purification of sewage water, groundwater, and industrial effluents, addressing the global issue of water scarcity and increasing demand for potable water.

Furthermore, the rise in industrial pollution and environmental regulations have led governments worldwide to enforce stricter guidelines for wastewater disposal, further boosting the demand for activated carbon in water treatment. Additionally, the growing popularity of Activated Carbon Injection (ACI) technology is expected to make purification methods more cost-effective, benefiting industrial sectors such as power plants and chemical industries.

However, challenges such as the limited availability of raw materials, such as coconut shells and coal, may hinder market growth by increasing production costs. Moreover, activated carbon’s inability to effectively remove certain chemicals like nitrates, fluoride, and heavy metals poses limitations. Nevertheless, emerging applications, particularly in smart electronics and supercapacitor manufacturing, offer significant opportunities for market expansion.

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Market Segmentation
The activated carbon market is categorized into several segments to provide a comprehensive analysis:

  • Type: Powdered, Granular, Extruded, Bead, Polymer Coated, Impregnated, and Woven Carbon
  • Raw Material: Coal-based, Coconut Shell-based, Wood-based, and Others
  • Application: Water Purification, Air and Gas Purification, Pharmaceuticals, Metal Extraction, Catalyst, Vehicle Emission Control, Edible Oil Purification, and more
  • Geography: North America, Europe, Asia-Pacific, and Rest of the World (RoW)

Geographical Insights
Asia-Pacific is expected to remain the dominant region in the activated carbon market, led by major consuming countries such as China, Japan, and India. The region’s large population base and rising demand for potable water are key drivers of market growth. Additionally, the availability of raw materials and lower production costs provide a competitive advantage.

Europe is projected to experience moderate growth due to industry saturation and economic conditions, although stringent environmental regulations will support demand in air and water purification applications.

Competitive Landscape
The global activated carbon market is highly competitive, with several prominent players, including Cabot Corporation, Osaka Gas Chemicals, Ingevity Corporation, Haycarb Pvt Ltd., Calgon Carbon Corporation, Jacobi Carbons AB, and others. Companies are adopting strategies such as joint ventures, mergers and acquisitions, and capacity expansions to strengthen their market position. For example, Ingevity Corporation expanded its activated carbon manufacturing capacity by 15% to 20% in 2021 to meet the rising demand, particularly for products used in gasoline vapor emission control. Similarly, Calgon Carbon Corporation announced an expansion in Mississippi, with a planned investment of USD 185 million in its production line to meet market needs.

Conclusion
The global activated carbon market is on track for robust growth, with increasing demand for water purification, air filtration, and industrial applications. While challenges related to raw material availability and limitations in chemical removal persist, innovations in technology and new applications such as supercapacitors and hydrogen storage present new opportunities for market expansion. The Asia-Pacific region will continue to lead the market, while Europe and North America will see steady growth driven by environmental regulations and the push for sustainable industrial practices.

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