Activated Carbon Market: Global Industry Analysis and Forecast (2024-2030) With Emerging Key Trends

Activated Carbon Market Overview:

Activated carbon, also known as activated charcoal, is a highly porous form of graphite used for adsorption of a wide range of chemicals due to its high surface area. It is made from various carbon-rich materials such as coal, coconut shells, and wood. The market is driven by the need for pollution management and the unique adsorption properties of activated carbon.

Market Size and Growth

Market Size in 2023: USD 6.81 Billion
Expected Market Size in 2030: USD 12.70 Billion
CAGR (2024-2030): 9.32%

𝐅𝐨𝐫 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐬𝐭𝐮𝐝𝐲, 𝐯𝐢𝐬𝐢𝐭 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐥𝐢𝐧𝐤:https://www.stellarmr.com/report/req_sample/Activated-Carbon-Market/298

Dynamics

Drivers
Pollution Control:

Activated carbon is extensively used for air and water purification due to its high adsorption capacity.
New regulations in countries like the USA and Canada require the installation of mercury control systems in coal-fired power plants.
Industrial Demand:

Increasing demand from the chemical, petrochemical, food and beverages, pharmaceutical, and automotive industries for various purification processes.

Restraints

Raw Material Scarcity:

The high cost and limited availability of raw materials like coconut shells and coal are driving up the prices of activated carbon.
Economic Conditions:

Low industrial growth and fluctuations in crude oil prices can negatively impact the demand for activated carbon.

Opportunities

Reactivated Carbon:
Cost-effective and environmentally friendly reactivated carbon presents a significant opportunity for market players.
Reactivated carbon is 20-30% cheaper than virgin activated carbon and reduces CO2 emissions significantly.

Challenges

Production Costs:
The high cost of production and the scarcity of suitable raw materials can hinder market growth.

Key Trends

Carbon Pricing: Implementation of carbon pricing measures globally is expected to influence the activated carbon market.
Technological Advancements: Continuous R&D efforts to improve the efficiency and applications of activated carbon.

𝐓𝐨 𝐋𝐞𝐚𝐫𝐧 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐒𝐭𝐮𝐝𝐲, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞:https://www.stellarmr.com/report/req_sample/Activated-Carbon-Market/298

Segmentation

By Type
Powder Activated Carbon (PAC): Dominant segment due to its high surface area and adsorption capacity.
Granular Activated Carbon (GAC)
Extruded Activated Carbon (EAC)
Activated Carbon Cloth (ACC)

By Application
Liquid Applications:
Water Treatment
Food & Beverages
Pharmaceutical & Medical
Gas-Phase Applications:
Automotive
Industrial
Air Purification
Flue Gas Cleaning
Mercury Control
Solvent Recovery

Regional Insights
Asia Pacific
Dominates the market with over 39.26% share in 2023.
Major growth drivers include economic growth, availability of raw materials, and innovative technologies.

Key players: Haycarb Plc. (Sri Lanka) and Osaka Gas Co. Ltd. (Japan).
North America
Strong distribution and supplier networks.
Increasing government and industry investments in activated carbon applications.
Europe
Implementation of strict environmental regulations driving demand.
Companies focusing on cost-effective large-scale production methods.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐛𝐞𝐟𝐨𝐫𝐞 𝐛𝐮𝐲𝐢𝐧𝐠:https://www.stellarmr.com/report/enquire_now/Activated-Carbon-Market/298

Key Players

Osaka Gas Co. Ltd. (Japan)
Cabot Corporation (United States)
Kuraray Co. Ltd. (Japan)
Haycarb Plc (Sri Lanka)
Kureha Corporation (Japan)
Jacobi Carbons AB (Sweden)
Calgon Carbon Corporation (United States)
Carbo Tech AC GmbH (Germany)
Carbon Activated Group (United States)
Ingevity (United States)
Tronox (United States)
Genuine Shell Carb (India)
Indo German Carbons (India)

Analysis Tools

Porter's Five Forces Model: Helps design business strategies by analyzing the competitive forces in the market.
PESTEL Analysis: Assists in understanding the macro-environmental factors influencing the market.

Conclusion
The Activated Carbon Market is set to grow significantly due to increasing pollution control measures and industrial applications. While challenges such as raw material scarcity and high production costs persist, opportunities in reactivated carbon and advancements in technology present avenues for growth.

𝐓𝐨 𝐚𝐜𝐜𝐞𝐬𝐬 𝐦𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐫𝐞𝐠𝐚𝐫𝐝𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐯𝐢𝐬𝐢𝐭 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐰𝐞𝐛𝐩𝐚𝐠𝐞:https://www.stellarmr.com/report/Activated-Carbon-Market/298

Key Questions answered in the Activated Carbon Market Report are:

What was the Activated Carbon market size in 2023?
What is the expected Activated Carbon market size by 2030?
What are the Activated Carbon market segments?
Which Activated Carbon market segment is expected to grow rapidly during the forecast period?
Which are the prominent players in the Activated Carbon Industry?
What key trends will emerge in the Activated Carbon market during the forecast period?
Which region dominated the global Activated Carbon market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segments with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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