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Activated Carbon Market Worth USD 9.25 billion at a CAGR of 8.7% from 2021 to 2027

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Activated Carbon Market Worth USD 9.25 billion at a CAGR of 8.7% from 2021 to 2027

October 20
02:34 2021
Activated Carbon Market Worth USD 9.25 billion at a CAGR of 8.7% from 2021 to 2027
Activated Carbon Market
Latest Study Analysis of “Activated Carbon Market 2021-2027 Trend, Growth Rate & Regional Analysis “

Global Activated Carbon Market was valued at USD 5.68 billion in 2020 and is anticipated to reach USD 9.25 billion by 2027, at a CAGR of 8.78% from 2021 to 2027.

To manufacture activated carbon, organic material with high carbon content is processed. Physical adsorption is key property of activated carbon which is advantageous for purification, decaffeination, metal finishing, medicine, filters and removal of pollutant and fuel storage. Liquid and gaseous phase of activated carbon improves its uses in removal of lead, dissolved radon, other odor-causing compounds and mercury.

On the basis of product, the activated carbon is segmented into powdered activated carbon, granular activated carbon and other activated carbon. Granular activated carbon will dominate the product segment of the activated carbon market during the forecast period.

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The application segment of activated carbon is bifurcated into liquid phase and gaseous phase. Liquid phase activated carbon market is anticipated to exhibit highest growth rate during the analysis timeframe.

By end user segment the activated carbon market is divided into water treatment, food & beverage processing, pharmaceutical & medical, automotive, air purification and others. The water treatment segment forms a major end-user industry of the activated carbon market.

Impact of the COVID-19

In 2020, the activated carbon market was mostly impacted by the COVID-19 pandemic with a substantial decline in its CAGR. Safety and government orders issued at the federal, state, and local levels meaningfully affected activated carbon manufacturers and suppliers in 2020. COVID-19 has been badly affected the economies of several countries, and several industries’ growth and production have declined. Yet, the usage of activated carbon in face masks increased the market, as the demand for face masks increased due to the pandemic.

Key Players

The key companies of the activated carbon market are Cabot Corporation, Jacobi Carbons Group, Ingevity, Kuraray Co Ltd, Haycarb (Pvt) Ltd, Calgon Carbon Corp., Osaka Gas Chemical Co. Ltd., Evoqua Water Technologies LLC., Kureha Corporation., Siemens Water Technologies Corp., Comelt S.P.A.

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Activated Carbon Market Segmentation

By Product Type

  • Powdered Activated Carbon
  • Granular Activated Carbon
  • Other Activated Carbon

By Application

  • Liquid phase
  • Gaseous phase

By End User

  • Water Treatment, Food & Beverage Processing
  • Pharmaceutical & Medical
  • Automotive
  • Air Purification
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Key Development

  • In February 2021, Ingevity Corporation expanded its activated carbon production capacity following significant debottlenecking and equipment upgrades completed and verified in late December at its facility in Zhuhai, China. The Zhuhai plant has been in operation since 2015 and includes activated carbon production and state-of-the-art automotive applications.
  • Brenntag, the global market leader in chemical and ingredients distribution, has signed an agreement to acquire Comelt S.p.A. and its subsidiary Aquadepur S.R.L., both located in Northern Italy. Comelt is a full-service provider for activated carbon including the collection and reactivation of exhausted activated carbon.

 

Regional Analysis

APAC led the global activated carbon market. APAC is divided into China, Japan, India, Indonesia, South Korea, and the Rest of APAC. Developed regions like North America and Europe are expected to witness moderate growth owing to the saturation of end use industries and a weak economic scenario, particularly in Europe. North America is the second largest market.

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