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The activated carbon market size is valued to increase by USD 1.96 billion, at a CAGR of 9.45% from 2023 to 2028. Increased need for purification in different industrial processes will drive the activated carbon market.
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Activated carbon, a versatile adsorbent, plays a pivotal role in various industries, including water treatment and air filtration. Compared to other adsorbents, activated carbon offers superior adsorption capacity and efficiency. For instance, its adsorption capacity for organic compounds is up to three times higher than that of other adsorbents. In water purification systems, activated carbon can remove up to 99% of turbidity and organic contaminants. The choice between chemical and physical activation methods significantly influences carbon structure characterization. Chemical activation methods, such as thermogravimetric analysis and carbonization, yield higher surface area and micropore volume. In contrast, physical activation methods, like steam activation, result in larger macropore and mesopore volumes. Pore size distribution, a critical factor in activated carbon applications, is characterized using techniques like mercury intrusion porosimetry, nitrogen adsorption, and transmission electron microscopy. These methods help optimize adsorbate-adsorbent interactions and ensure compliance with regulatory standards. Isotherm modeling, such as the Dubinin-Radushkevich equation and Langmuir isotherm, provides valuable insights into adsorption isotherms and surface functional groups. This information is crucial for improving ROI in various industries, including air filtration technology and water treatment systems. Raman spectroscopy, electrokinetic properties, and X-ray diffraction are essential tools for carbon material property characterization. These techniques contribute to understanding the carbon's surface area measurement, porosity characterization, and adsorbate-adsorbent interactions, ultimately leading to more efficient and cost-effective applications.
The significant demand for purification in various industrial processes serves as the primary market driver.
The increasing demand for pollution control measures represents a significant market trend. A growing consciousness towards environmental preservation is driving market developments in pollution control technologies.
The growth of the industry faces significant limitations due to the technical challenges posed by activated carbon products. These challenges include, but are not limited to, optimization of adsorption capacity, ensuring consistent particle size and shape, and addressing the issue of regeneration costs. Overcoming these technical hurdles is essential for driving industry expansion and improving the overall efficiency and effectiveness of activated carbon applications.
The activated carbon industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The powdered segment is estimated to witness significant growth during the forecast period.
The market continues to evolve, driven by the increasing demand for this versatile material in various industries. With a focus on improving adsorption performance, research and development efforts are underway to optimize carbon structure characterization through techniques such as thermogravimetric analysis, Dubinin-Radushkevich equation, and chemical activation methods. Applications of activated carbon span across air filtration technology, water purification systems, and gas adsorption, with the powdered activated carbon segment experiencing significant growth. Powdered activated carbon, available in coarse and fine grades, boasts a large surface area and diverse pore size distribution, enabling effective adsorbate-adsorbent interactions.
Its low cost and dosage flexibility make it a popular choice, particularly in industries with fluctuating contaminant levels. The particle size of powdered activated carbon ranges from 5 A to 150 A, and its properties are characterized through methods like nitrogen adsorption, x-ray diffraction, and mercury intrusion porosimetry.
The Powdered segment was valued at USD 1.57 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 46% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
See How Activated Carbon Market Demand is Rising in APAC Request Free Sample
Activated carbon, a versatile adsorbent, is witnessing significant market growth, particularly in key applications such as water treatment and air pollution control. The major exporters of activated carbon are primarily located in the Asia Pacific (APAC) region, accounting for over 50% of the global exports. China, India, and the Philippines are the leading exporters, contributing approximately 20%, 10.5%, and 6.76% of the total, respectively. China, with major companies like Osaka Gas and Kuraray, exports primarily to neighboring countries Japan and South Korea.
In contrast, European countries, including Germany, Belgium, and the Netherlands, host other significant activated carbon companies. The increasing industrialization and urbanization in the APAC region, leading to rapid construction and heavy metal waste generation, have fueled the demand for activated carbon in water treatment applications. This trend is expected to continue, underpinned by the need for operational efficiency gains and regulatory compliance.
Customer Landscape of Activated Carbon Industry
Companies are implementing various strategies, such as strategic alliances, activated carbon market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Advanced Emissions Solutions Inc. - This company specializes in the production and supply of high-performance activated carbons, including PowerPAC, PowerPAC WS, and PowerPAC Premium. These products are recognized for their effectiveness in various applications, delivering superior adsorption capabilities and contributing to improved process efficiency.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Activated Carbon Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
187 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.45% |
Market growth 2024-2028 |
USD 1959.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.42 |
Key countries |
China, US, The Netherlands, Belgium, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The [the market](https://www.Grandviewresearch.Com/industry-analysis/activated-carbon-market) continues to experience significant growth due to the versatility and effectiveness of activated carbon in various industries. One of its primary applications is in [water treatment](https://www.Researchandmarkets.Com/reports/5268253/water-treatment-using-activated-carbon-adsorption), where activated carbon's unique [pore structure](https://www.Sciencedirect.Com/topics/chemical-engineering/pore-structure) and large [specific surface area](https://www.Scielo.Br/scielo.Php?Script=sci_arttext&pid=S1516-817X2016000500005) make it an ideal medium for the adsorption of pollutants such as [volatile organic compounds](https://www.Sciencedirect.Com/topics/chemistry-physical/volatile-organic-compounds) and [heavy metals](https://www.Sciencedirect.Com/topics/chemistry-physical/heavy-metals). In the field of [environmental remediation](https://www.Sciencedirect.Com/topics/earth-and-planetary-sciences/environmental-remediation), activated carbon's adsorption capacity is a key consideration. The [heavy metal adsorption capacity](https://www.Sciencedirect.Com/topics/chemical-engineering/heavy-metal-adsorption) of different activated carbons varies, and understanding these differences is crucial for [supply chain](https://www.Investopedia.Com/terms/s/supplychain.Asp) planning and [compliance](https://www.Investopedia.Com/terms/c/compliance.Asp) in industries that deal with contaminated water or soil. Activated carbon's properties can be improved through [surface modification methods](https://www.Sciencedirect.Com/topics/chemical-engineering/surface-modification), which can enhance its [electrochemical performance](https://www.Sciencedirect.Com/topics/chemistry-physical/electrochemical-performance) in applications such as [supercapacitors](https://www.Sciencedirect.Com/topics/chemical-engineering/supercapacitors). The [impact of pore size distribution](https://www.Sciencedirect.Com/science/article/abs/pii/S1364813215002366) on activated carbon performance is also a critical factor, as larger pores can increase the adsorption capacity for certain pollutants. In the [characterization of activated carbon materials](https://www.Sciencedirect.Com/topics/chemical-engineering/activated-carbon-characterization) for use as catalyst supports, [activated carbon applications](https://www.Sciencedirect.Com/topics/chemical-engineering/activated-carbon-applications) continue to expand. For instance, in the pharmaceutical industry, [activated carbon](https://www.Sciencedirect.Com/topics/pharmacology-toxicology-and-pharmaceutical-science/activated-carbon) is used in [drug delivery systems](https://www.Sciencedirect.Com/topics/pharmacology-toxicology-and-pharmaceutical-science/drug-delivery-systems), where its ability to adsorb specific pollutants can improve the efficacy of the drug. When it comes to [activated carbon production](https://www.Sciencedirect.Com/topics/chemical-engineering/activated-carbon-production), various methods are used, each with its advantages and disadvantages. For example, [activated carbon produced through steam activation](https://www.Sciencedirect.Com/science/article/abs/pii/S1364813215002366) typically has a larger specific surface area, making it more effective for certain applications. However, [activated carbon produced through chemical activation](https://www.Sciencedirect.Com/topics/chemical-engineering/activated-carbon-production-chemical) may be less expensive, making it a more viable option for large-scale applications. The [relationship between surface area and adsorption capacity](https://www.Sciencedirect.Com/science/article/abs/pii/S1366554514003375) is well-established, and [determining the optimum conditions for activated carbon adsorption](https://www.Sciencedirect.Com/topics/chemical-engineering/activated-carbon-adsorption) is crucial for maximizing its effectiveness. In the field of [air purification systems](https://www.Sciencedirect.Com/topics/chemical-engineering/air-purification-systems), activated carbon plays a vital role in removing pollutants, making it an essential component in many industrial processes. The development of [novel activated carbon materials](https://www.Sciencedirect.Com/topics/chemical-engineering/novel-activated-carbons) with improved properties continues to be a focus of research, as these materials can offer enhanced performance and increased efficiency in various applications. [Analysis of activated carbon microstructure using electron microscopy](https://www.Sciencedirect.Com/science/article/abs/pii/S1364813215002366) provides valuable insights into the structure-property relationships, which can inform the design and optimization of new activated carbon materials.
What is the expected growth of the Activated Carbon Market between 2024 and 2028?
USD 1.96 billion, at a CAGR of 9.45%
What segmentation does the market report cover?
The report is segmented by Product (Powdered, Granular, and Others), Application (Air purification, Water purification, Medical and pharmaceutical products, Food and beverage, and Others), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Increased need for purification in different industrial processes, Technical limitations of activated carbon products
Who are the major players in the Activated Carbon Market?
Advanced Emissions Solutions Inc., Albemarle Corp., BASF SE, Boyce Carbon, Cabot Corp., Carbon Activated Corp., CarboTech AC GmbH, Donau Carbon GmbH, Evoqua Water Technologies LLC, General Carbon Corp., Hayleys Plc, Ingevity Corp., KURARAY Co. Ltd., Kureha Corp., MFAR Holdings Pvt Ltd., Osaka Gas Co. Ltd., Puragen Activated Carbons, Shinkwang Chem. Industry Co. Ltd., Tronox Holdings Plc, and Universal Carbons
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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