Activated Carbon Global Market Report 2023: Growing Demand for Clean Water Bolsters Sector - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Activated Carbon Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

The global activated carbon market grew from $5.45 billion in 2022 to $6.21 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The activated carbon market is expected to grow to $10.29 billion in 2027 at a CAGR of 13.5%.

Activated carbon is used to purify gases and liquids in a variety of applications such as municipal drinking water, industrial pollution control, food and beverage processing, and odor removal. It also helps in de-colorization and solvent purification in industrial sectors such as chemical, petrochemical, mining, and automotive. Activated carbon is produced from carbonaceous sources such as nutshells, coal, coconut, wood, and peat.

Asia-Pacific was the largest region in the activated carbon market in 2022. North America was the second largest market in activated carbon market. The regions covered in the activated carbon market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The growing demand for clean water is expected to drive the growth of the activated carbon market. Rapid urbanization and industrialization is surging demand for clean water and activated carbon, as activated carbon is a key ingredient in water purification.

According to the United Nations World Water Development Report, nearly 6 billion people are expected to suffer from lack of clean water by 2050. Therefore, the increasing need for clean water and clean water scarcity is expected to generate high demand for the activated carbon for water purification in the forecast period.

Price fluctuation in raw materials is anticipated to restrain the market for activated carbon in the forecast period. The shortage of raw materials such as coconut shell charcoal leads to an increase in raw material costs, resulting in higher manufacturing costs. The increasing costs of some grades of activated carbon would act as a restraint for the market in the forecast period.

Strategic initiatives such as technological advancements and innovative product development are gaining significant popularity in the activated carbon market. The companies are increasingly focusing on developing new innovative products such as honeycomb activated carbon which is environmentally friendly and is designed to be powerful and flexible for large area purification. Honeycomb-activated carbon is a highly effective carbon that is used to remove unpleasant odors and pollutant particles.

For instance, in January 2021, Tantech, a China-based company launched a variety of combination honeycomb activated carbon. Other innovative products include activated carbon masks by Sweden based Jacobi Carbon, for clear air delivery. The mask uses activated carbon in combination with dust aerosol and other particulate matter filtration systems for cleaning the air and can also be used as a mask.

In October 2020, Brenntag SE, a Germany-based chemical and ingredients distribution company signed an agreement to acquire Comelt S.p.A and its subsidiary Aquadepur S.R.L. for an undisclosed amount. With the acquisition of Comelt S.p.A., Brenntag plans to expand the local and international business for activated carbon. Moreover, the acquisition of Comelt S.p.A is expected to help the company better assist customers with meeting their sustainability objectives. Comelt S.p.A is an Italy-based company engaged in processing, marketing, and distribution of activated and re-activated carbon for various applications such as water purification and filtration of the flue and air gas.

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Scope

Markets Covered:

1) By Type: Powdered Activated Carbon; Polymer Coated Activated Carbon; Granular Activated Carbon; Bead Activated Carbon; Extruded or Pelletized Activated Carbon; Other Types

2) By Application: Liquid Phase Applications; Gas Phase Applications; Metal Extraction; Medicine; Other Applications

3) By End Use: Water Treatment; Food & Beverage Processing; Pharmaceutical & Medical; Automotive; Air Purification; Other End Uses

Companies Mentioned: Calgon Carbon Corporation; Haycarb PLC; Kureha Corporation; Donau Carbon GmbH; Silcarbon Aktivkohle GmbH

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

A selection of companies mentioned in this report includes

• Calgon Carbon Corporation
• Haycarb PLC
• Kureha Corporation
• Donau Carbon GmbH
• Silcarbon Aktivkohle GmbH
• Puragen LLC
• Universal Carbons
• Adsorbent Carbons
• Shinkwang Chem Ind Co. Ltd.
• Century Chemical Works Sdn Bhd
• Kalimati Carbon Pvt. Ltd.
• Puragen LLC
• Universal Carbons
• Oxbow Coal SARL
• Adsorbent Carbon Private Ltd.
• Sunny Earth Minerals LTD
• Capital Carbon
• EcoGreen Technological

For more information about this report visit https://www.researchandmarkets.com/r/okhxei-carbon?w=4

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