Activated Carbon Market Size Worth USD 9.03 Billion By 2032 | CAGR: 9.1%

Activated Carbon Market Size Worth USD 9.03 Billion By 2032 | CAGR: 9.1%


The global activated carbon market size is expected to reach USD 9.03 Billion by 2032, according to a new study by Polaris Market Research. The report “Activated Carbon Market Share, Size, Trends, Industry Analysis Report, By Product Type (Granular, Powdered, Others); By Application; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The activated carbon industry is expected to witness substantial growth in the near future due to the rising demand from various end-use sectors such as water treatment, air purification, and food and beverage processing. The market's expansion is also anticipated to be driven by the increasing awareness of environmental pollution and the need for efficient wastewater treatment solutions. Furthermore, the use of activated carbon in the production of energy storage devices, such as batteries and supercapacitors, is expected to boost the market's growth further.

Despite the market's potential for growth, several factors impede its progress, including the high cost of the raw materials used in its production. The availability of alternative technologies, such as membrane filtration and ion exchange resins, poses a threat to the market's growth. Additionally, the pandemic-like situation has negatively impacted the market, causing disruptions in supply chains and decreased demand from some end-use sectors.

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The activated carbon market is witnessing significant growth owing to the increasing demand for air purification devices. With growing awareness regarding the harmful effects of air pollution, people are increasingly seeking ways to improve indoor air quality. Activated carbon is a crucial element in many air purification systems due to its highly effective adsorption properties, which enable it to remove impurities and contaminants from the air. In order to maintain a competitive edge in the market, businesses engage in various activities such as research and development, production, marketing, and sales.

Activated Carbon Market Report Highlights

  • The powdered activated carbon segment possessed the highest percentage of revenue in the global market in the year 2023 because of its widespread application in water treatment, air purification, and food and beverage processing.
  • In 2023, the global activated carbon market was predominantly led by the water treatment segment. This was due to the applications it offered in terms of removing impurities and contaminants from water.
  • The Asia Pacific region is expected to be the major market player owing to various factors. The burgeoning population and industrialization in countries such as China, India, and Indonesia have resulted in a rise in wastewater production. This, in turn, has fueled the demand for activated carbon for water treatment applications.
  • The global key market players include Boyce Carbon, Cabot Corporation, Carbon Activated Corporation, CarboTech AC GmbH, CarbPure Technologies, Donau Chemie AG, Evoqua Water Technologies LLC, Haycarb PLC, Jacobi Carbons Group, Kuraray Co., Kureha Corporation, Osaka Gas Chemicals Co., Ltd., Oxbow Activated Carbon LLC, Tantech Holdings Ltd, etc.

Polaris Market Research has segmented the activated carbon market report based on product type, application, end-use, and region:

Activated Carbon, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Granular
  • Powdered
  • Others

Activated Carbon, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Gas Phase
  • Liquid Phase

Activated Carbon, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)

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

Activated Carbon, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Activated Carbon Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 4.49 Billion

Revenue Forecast in 2032

USD 9.03 Billion

CAGR

9.1% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD Billion and CAGR from 2024 to 2032

Segments Covered

By Product Type, By Application, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Customization

Report customization as per your requirements concerning countries, regions, and segmentation.

For Specific Research Requirements

Request for Customized Report