Activated Carbon Market to be Worth $4.45 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, June 28, 2022 /PRNewswire/ -- The global activated carbon market size is expected to reach USD 4.45 billion by 2030, expanding at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2030, according to a new report by Grand View Research, Inc. This growth can be attributed to the need for a powdered and granular form of activated carbon, which is expected to increase as the demand for water and air purification in coal-fired plants grows and clinker cement industries.

Key Industry Insights & Findings from the report:

• Powdered activated carbon segment dominated the type segment as they are used in water treatment which is the major end-use industry of the market. It was valued at USD 1,242.08 million in 2021 and is estimated to reach USD 1,539.28 million by 2030, registering a CAGR of 2.4 % in the predicted years.
• Granular activated carbon (GAC) held a market value of USD 1,151.47 million in 2021. This is because it is regenerating. GAC is widely used in municipal water treatment plants and air treatment plants. Coal and coconut shell charcoal are the primary raw materials used in the production of GAC.
• Asia Pacific witnessed a positive CAGR due to factors like the large availability of good quality coconut shells. The regional market is also driven by growing disposable income and a surge in the automotive industry.

Read 100-page market research report, "Activated Carbon Market Size, Share & Trends Analysis Report By Type (Powdered, Granular), By Application (Liquid Phase, Gas Phase) By End Use (Water Treatment, Air Purification), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Activated Carbon Market Growth & Trends

Asia Pacific region dominated the regional segment due to the growing industrialization in Japan and the developing economies. It was valued at USD 1,055.46 million in 2021 and is estimated to grow by registering a CAGR of 3.3% by 2030. Furthermore, North America is another key region contributing to the market growth due to stringent emission regulations in the region. It is estimated to reach USD 481.84 million by 2030, registering a CAGR of 0.2% during the forecast period.

Various regulatory agencies have enacted strict environmental pollution control policies and encouraged the use of activated carbon in air and water treatment plants, which is expected to boost the market throughout the anticipated period. Implementation of regulations by various governments is expected to drive product consumption during the forecasted period.

Globally, the COVID-19 pandemic negatively impacted the supply chain of activated carbon raw materials. This, in turn, impacted global production and consumption patterns. Powdered activated carbon type has dominated product consumption for the last decade. Consequently, a halt in the production of non-essential chemicals, ingredients, or industrial products has drastically hampered the demand for starting materials such as activated carbon. This resulted in a negative impact on the market in 2020.

Global Activated Carbon Market Report Scope

Activated Carbon Market Segmentation

Grand View Research has segmented the global activated carbon market report based on type, application, end-use, and region:

Activated Carbon Market - Type Outlook (Revenue, USD Thousand; Volume, tons; 2018 - 2030)

• Powdered Activated Carbon
• Granular Activated Carbon
• Others

Activated Carbon Market - Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Liquid Phase
• Gas Phase

Activated Carbon Market - End-use Outlook (Revenue, USD Thousand; Volume, tons; 2018 - 2030)

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

Activated Carbon Market - Regional Outlook (Revenue, USD Thousand; Volume, tons; 2018 - 2030)

• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Central & South America
• Brazil
• Argentina
• Middle East & Africa
• Saudi Arabia
• South Africa

List of Key Players of Activated Carbon Market

• CarbPure Technologies
• Boyce Carbon
• Cabot Corporation
• Kuraray Co.
• CarboTech AC GmbH
• Donau Chemie AG
• Haycarb (Pvt) Ltd.
• Jacobi Carbons Group
• Kureha Corporation
• Osaka Gas Chemicals Co., Ltd.
• Evoqua Water Technologies LLC
• Oxbow Activated Carbon LLC
• Carbon Activated Corporation
• Hangzhou Nature Technology Co., Ltd.
• Datong Coal Jinding Activated Carbon Co.
• CarbUSA
• Sorbent JSC

Check out more related studies published by Grand View Research:

• Gulf Cooperation Council Activated Carbon Market - The Gulf cooperation council activated carbon market size is expected to reach USD 363.1 million by 2025 registering a CAGR of 13.6%, according to a new report by Grand View Research, Inc. Activated carbon is one of the most efficient materials for removing contaminants from wastewater, landfill leachate, and contaminated groundwater.
• Coal-based Activated Carbon Market - The global coal-based activated carbon market size is projected to reach USD 4.6 billion by 2025, expanding at a CAGR of 4.3%, according to a new report by Grand View Research, Inc. The market is driven by demand from application industries such as gold, sugar, and air and water purification.
• Europe Wood Activated Carbon Market - The Europe wood activated carbon market size is expected to reach USD 62.7 million by 2028, registering a CAGR of 7.1% over the forecast period, according to a new report by Grand View Research, Inc. Growing concerns regarding water quality are expected to drive the market.

Browse through Grand View Research's Petrochemicals Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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