Activated Carbon Market: Emerging Key Trends and Global Market Analysis 2027

The Global Activated Carbon Market is expected to reach US $9.74 billion by 2027, thanks to growth in the liquid applications segment. The report analyzes activated carbon market dynamics by region and applications.

Global Activated Carbon Market Overview:

The global activated carbon market was valued at US $5.22 Bn. in 2020, and it is expected to reach US $9.74 Bn. by 2027 with a CAGR of 9.32% during the forecast period. Activated carbon (also known as activated charcoal) is a type of carbon that has been processed to produce small, low-volume pores that enhance the amount of surface area accessible for adsorption or chemical reactions. According to gas adsorption, one gram of activated carbon has a surface area of almost 3,000 m2 thanks to its high degree of microporosity. The high surface area alone can provide an activation level sufficient for practical application. Charcoal is the most common source of activated carbon. Air purification, decaffeination, solvent recovery, gold purification, metal extraction, water purification, sewage treatment, medication, air filters in respirators, teeth whitening, hydrogen chloride synthesis, and more applications use activated carbon. Activated Carbon Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered a base year however 2020's numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Global Activated Carbon Market Dynamics:

Activated Carbon Is In High Demand As The Need For Pollution Control Grows:

Adsorption is the process of transferring gaseous contaminants from an air stream to the solid surface of an adsorbent. The most common adsorbent is activated carbon; however, zeolites, polymers, and other adsorbents can also be consumed. Activated carbon has unique strengths that enable it to remove VOCs, odors, and other gaseous contaminants from the atmosphere. It does it differently than other air purifiers, such as High-efficiency particulate absorbing filters (HEPA), which solely filter particle pollution from the air. The Environmental Protection Agency (EPA) has defined Maximum Achievable Control Technology (MACT) standards, which require sources to reach certain emission limits based on the best-performing facilities' emission levels. The European Commission has also issued directives to restrict industrial emissions, such as the IPPC Directive (Directive 2008/1/EC). Its main premise is to use the best available techniques (BAT). BAT refers to the greatest technology available on the market that is affordable to everyone and can be implemented to prevent mercury pollutants. Activated Carbon Market 1 For example, in nations like Canada and the United States, new legislation will take effect in 2021 that may compel coal-fired power stations to install specific mercury-control technologies. The European Union, as well as nations such as Australia and Japan, are developing programs to better monitor mercury emissions from coal-fired power plants, to adopt standards in the near future.

Activated Carbon Prices Are Rising Because Of A Scarcity Of Raw Materials:

Coconut shells are becoming a more important raw material for activated carbon producers in the Asia Pacific. Natural disasters have a substantial impact on the activated carbon market's value chain, particularly in terms of raw materials. Thus, the cost of raw materials, particularly for coconut shell charcoal, has surged. The cost of coal-based activated carbon has also risen as a result of rising energy demands, particularly in China, where coal demand for industrial industries such as power, cement, and iron and steel plants continue to surge. For example, • Because of a significant increase in raw material costs, Jacobi Group has decided on a general 10% price increase on all coconut-based activated carbons. The price hikes took effect on April 1, 2021, for shipments made on or after that date. • Cabot Norit Activated Carbon raised pricing globally for all activated carbon products beginning on or after October 1, 2020, or as customer contracts allow. Depending on the activated carbon product and locality, price hikes ranged from 3% to 8%. This has resulted in a scarcity of acceptable coal grades for the production of activated carbon. In the Asia Pacific, coal is the most common raw material generally consumed for the activated carbon production, particularly in India, Sri Lanka, Indonesia, and the Philippines. However, the scarcity of raw materials is impacting the operational effectiveness of activated carbon producers, leading to a 50–60% reduction in production capacity, resulting in an increase in activated carbon prices.

Activated Carbon Manufacturers May Be Able To Profit From Reactivated Carbon:

The demand for activated carbon has risen dramatically as a result of severe air quality rules and the growing number of municipal and industrial wastewater treatment plants. The increasing pressure on activated carbon manufacturers because of the high production cost of activated carbon is a major factor in the industry. As a result, producers of activated carbon are concentrating their efforts on reactivated carbon. The cost of reactivated carbon is 20-30% less than that of virgin activated carbon. It is an economic substitute to activated carbon. Traditional activated carbon is more environmentally friendly than reactivated carbon. When compared to the manufacture of virgin material, the thermal reactivation method reduces carbon dioxide emissions by five times. Reactivated carbon is preferred by municipal water treatment plants in Europe. The used activated carbon can be recycled for reuse after reactivation, avoiding the costs and long-term liabilities associated with disposal. Because it is efficient and non-hazardous to the environment, reactivated carbon overcomes the pricing dilemma. This is a significant opportunity for market operators to increase profitability.

Low Industrial Growth Led To Inefficient Economic Conditions:

Globally, weak economic conditions have had a direct impact on industrial expansion to some extent. For air purification, water treatment, decolorization of chemical products, solvent purification, odor elimination, and other applications, activated carbon is widely used in the chemical, petrochemical, and food & beverage, pharmaceutical, mining, and automotive industries. Similarly, fluctuations in crude oil prices have an impact on the value chain of the chemical, petrochemical, and related industries, affecting their growth. Low industrial activity has an impact on the growth of the activated carbon market since the demand for activated carbon is directly related to operational activities in these industries.

Key Trends:

Carbon costs have risen in several countries, but they still range from US $1/t CO2e to US $119/t CO2e. The most significant price rises over the last year happened in Asia, with increases in the Korean ETS (Emission Trading Scheme) and Chinese pilots because of limited trade and a reduced allowance scarcity due to higher output, respectively. As part of an annual update based on the price in the EU ETS, prices in Switzerland tripled, moving up to EU allowance pricing, while Portugal's carbon tax rate nearly doubled to €24/t CO2e (US $26/t CO2e) in the run-up to the link with the EU ETS. • Increasingly carbon pricing measures are being implemented to assist governments in meeting more aggressive regional or national climate targets. In Europe, the EU Green Deal and its aim to achieve carbon neutrality by 2050 strengthened the case for more aggressive climate action and broader use of carbon pricing. Several nations have set additional climate goals and plan to investigate national carbon pricing efforts to supplement the EU ETS by covering new industries. In 2021, Germany plans to implement a national carbon market for heat and road travel. Luxembourg likewise intends to impose a carbon price on sectors not covered by the EU ETS in 2021. Similarly, Austria announced plans to implement a carbon price for non-ETS industries, albeit the specifics of the program have yet to be finalized.

Global Activated Carbon Market Segment Analysis:

Based on Type, the activated carbon market is segmented as, powdered activated carbon, granulated activated carbon, and others (pellet-shaped, and bead-shaped. In 2020, the powdered activated carbon segment was dominant and held xx% of the overall market share in terms of revenue. When compared to granular activated carbon, powdered activated carbon (PAC) has a smaller particle size and so has a higher surface-to-volume ratio. As a result, PAC is commonly introduced to process units such as quick mix basins, clarifiers, and gravity filters directly. Activated carbon is traditionally manufactured as powders or small granules less than 1.0 mm in diameter with an average diameter of 0.15 mm to 0.25 mm. The efficiency of PAC in adsorbing tastes and odors is dependent on proper mixing, contact time, dosage, and the source and severity of the odor or taste problem. PAC is consumed in a variety of applications, including wastewater treatment. Activated Carbon Market 2 Based on Application, the activated carbon market is segmented as follows, liquid phase applications (water treatment, food & beverages, pharmaceutical & medical, and others), gas-phase applications (automotive, industrial (air purification, flue gas cleaning, mercury control, solvent recovery), and others). In 2020, the liquid phase applications segment was dominant and held xx% of the overall market in terms of revenue. Potable water treatment, groundwater treatment, decolorization, industrial water treatment, precious metal (gold) recovery, and chemical and pharmaceutical wastewater treatment are among applications where activated carbon is used in the liquid phase. Activated carbon demand is expected to grow throughout the forecast period, particularly for developing applications such as boiler feedwater treatment, medicinal therapies for chronic kidney disease, and the electronic industry's manufacturing of ultrapure water.

Global Activated Carbon Market Regional Insights:

In 2020, in terms of revenue, the Asia Pacific region was dominating, accounting for more than 39.26% of the overall market. The Asia Pacific region's economic expansion has been driven by factors such as the ready supply of raw materials and labor, as well as advanced technologies and innovations. China and Japan, the two economic titans of the Asia Pacific region, were the world's second and third largest economies in 2020, according to the World Bank. Activated Carbon Market 3 High GDP rates in comparison to mature countries in North America and Europe, as well as rising end-use industries including chemicals, petrochemicals, and food and beverages, are expected to drive demand. Haycarb Plc. (Sri Lanka) and Osaka Gas Co. Ltd. (Japan) are two of the region's top activated carbon producers, controlling the supply chain. Activated Carbon Market 4 The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projecting the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.

Global Activated Carbon Market Scope: Inquire before buying

Activated Carbon Market 5

Global Activated Carbon Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Activated Carbon Market Key Players

• Osaka Gas Co. Ltd. • Cabot Corporation • Kuraray Co. Ltd. • Haycarb Plc • Kureha Corporation • Jacobi Carbons AB • Calgon Carbon Corporation • Carbo Tech AC GmbH • Carbon Resources LLC • Clarinex Group • Carbon Activated Group • Ingevity • Tronox • Adsorbent Carbons • Genuine Shell Carb • James Cumming & Sons • Indo German Carbons • Others

Frequently Asked Questions:

1. What is the forecast period considered for the Activated Carbon market report? Ans. The forecast period for the global activated carbon market is 2021-2027. 2. Which key factors are hindering the growth of the Activated Carbon market? Ans. The surging prices of activated carbon because of the scarcity of raw materials like coconut shells is the only key factor expected to hinder the growth of the market during the forecast period. 3. What is the compound annual growth rate (CAGR) of the Activated Carbon market for the next 6 years? Ans. The global activated carbon market is expected to grow at a CAGR of 9.32% during the forecast period (2021-2027). 4. What are the key factors driving the growth of the Activated Carbon market? Ans. The continuous growth in the global pollution across the globe demanding more consumption of activated carbon to control the emissions of the pollutants are the key factors expected to drive the growth of the market during the forecast period. 5. Which are the worldwide major key players covered for the Activated Carbon market report? Ans. Osaka Gas Co. Ltd., Cabot Corporation, Kuraray Co. Ltd., Haycarb Plc, Kureha Corporation, Jacobi Carbons AB, Calgon Carbon Corporation, Carbo Tech AC GmbH, Carbon Resources LLC, Clarinex Group, Carbon Activated Group, Ingevity, Tronox, Adsorbent Carbons, Genuine Shell Carb, James Cumming & Sons, Indo German Carbons, and Others.
1. Global Activated Carbon Market: Research Methodology 2. Global Activated Carbon Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Activated Carbon Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Activated Carbon Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Activated Carbon Market Segmentation 4.1. Global Activated Carbon Market, by Type (2020-2027) • Powdered Activated Carbon • Granulated Activated Carbon • Others o Pellet Shaped o Bead Shaped 4.2. Global Activated Carbon Market, by Application (2020-2027) • Liquid Applications • Water Treatment • Food & Beverages • Pharmaceutical & Medical • Others • Gas-Phase Applications • Automotive • Industrial o Air Purification o Flue Gas Cleaning o Mercury Control o Solvent Recovery • Others 5. North America Activated Carbon Market (2020-2027) 5.1. Global Activated Carbon Market, by Type (2020-2027) • Powdered Activated Carbon • Granulated Activated Carbon • Others o Pellet Shaped o Bead Shaped 5.2. Global Activated Carbon Market, by Application (2020-2027) • Liquid Applications • Water Treatment • Food & Beverages • Pharmaceutical & Medical • Others • Gas-Phase Applications • Automotive • Industrial o Air Purification o Flue Gas Cleaning o Mercury Control o Solvent Recovery • Others 5.3. North America Activated Carbon Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Activated Carbon Market (2020-2027) 6.1. European Activated Carbon Market, by Type (2020-2027) 6.2. European Activated Carbon Market, by Application (2020-2027) 6.3. European Activated Carbon Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Activated Carbon Market (2020-2027) 7.1. Asia Pacific Activated Carbon Market, by Type (2020-2027) 7.2. Asia Pacific Activated Carbon Market, by Application (2020-2027) 7.3. Asia Pacific Activated Carbon Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Activated Carbon Market (2020-2027) 8.1. The Middle East and Africa Activated Carbon Market, by Type (2020-2027) 8.2. The Middle East and Africa Activated Carbon Market, by Application (2020-2027) 8.3. The Middle East and Africa Activated Carbon Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Activated Carbon Market (2020-2027) 9.1. Latin America Activated Carbon Market, by Type (2020-2027) 9.2. Latin America Activated Carbon Market, by Application (2020-2027) 9.3. Latin America Activated Carbon Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Osaka Gas Co. Ltd. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Cabot Corporation 10.3. Kuraray Co. Ltd. 10.4. Haycarb Plc 10.5. Kureha Corporation 10.6. Jacobi Carbons AB 10.7. Calgon Carbon Corporation 10.8. Carbo Tech AC GmbH 10.9. Carbon Resources LLC 10.10. Clarinex Group 10.11. Carbon Activated Group 10.12. Ingevity 10.13. Tronox 10.14. Adsorbent Carbons 10.15. Genuine Shell Carb 10.16. James Cumming & Sons 10.17. Indo German Carbons 10.18. Others

About This Report

Report ID17449
Category Material & Chemical
Published DateAug 2019
Updated DateNov 2021
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