REPORT HIGHLIGHT

Activated Carbon Market was valued at USD 4.70 billion by 2018, growing with 16.4% CAGR during the forecast period, 2019-2025

Market Dynamics

Activated carbon, also known as activated charcoal, contains many small pores on its surface. The larger the number of holes, the larger the surface area and the better is the absorption. Of all its end users, it is widely used in drinking water purification plants and wastewater treatment. Recent technological advances in the industry are expected to drive growth.

Various forms of the product are manufactured using raw materials such as viscose rayon, phenolic resin, petroleum pitch, wood chips, peat, and coconut shell charcoal. Using a large amount of raw material in the production process can result in high carbon productivity. Manufacturers are concerned about the quality of raw materials because they directly affect the final product performance. Raw material prices have risen significantly due to the high supply gap.

Activated carbon is widely used in water and sanitation processes because of its ability to remove dissolved particles and impurities. It also removes chlorine and organic impurities from the water. It is used in manufacturing industries and greenhouses for purifying air, eliminating poisonous gases, smells, and malevolent dust particles. Food and beverage production, the pharmaceutical and medical industry, and automotive are other areas of product application.

High levels of air and water pollution must be implemented by governments around the world to apply stringent standards for air and water pollution control and waste disposal. The U.S. Environmental Protection Agency (EPA) and government regulators recommend that activated carbon is the best material to remove chemical contaminants such as mercury.

Product Takeaway

Based on the type of product, the activated carbon market is classified as powder, granule, etc. The other parts are specifically divided into soaked, quarried, washed acid, activated grains. The powder form is the most common and common variety, and due to its unique pore structure and high absorbency, it has applications in car processing, pharmaceuticals, medicine, food, and beverages. In 2018, Carbon Active Powder (PAC) is responsible for more than 60% of all manufactured products worldwide. Increased demand and stringent environmental regulations are expected to play an important role in driving growth.

Granular activated carbon (GAC) is usually made from carbon-rich organic materials, such as charcoal and coconut bark coal. GAC has to restore features and is very popular. However, the iodine value of activated carbon after regeneration decreases. GAC is widely used in air and water treatment plants, majorly in the process of mercury and chlorine removal.

Expanded applications in industries such as food and beverage processing, pharmaceuticals and medicine are likely to help the market grow in the near future. Automotive industry application is growing rapidly. An increase in population and disposable income, especially in developing regions such as the Asia Pacific and Latin America, is anticipated to drive the market during the forecast period.

Application Takeaway

Vapor phase applications are good compared to liquid phase applications in terms of market share due to increased consumption of plant air conditioners, gas masks, wastewater treatment and human waste treatment, interpretation, and purification of liquid waste gas. In recent years, the Asia-Pacific region has been leading the market, and this advantage is expected to continue over the forecast period.

Increasing demand for air purification products from local and commercial users is expected to provide significant growth opportunities in the coming years. The implementation of the gas phase is expected to reach USD 5.82 billion in terms of revenue and market leader during the forecast period.

End-user Takeaway

Water treatment technology is gaining importance worldwide. Companies are trying to adopt eco-friendly water treatment technology. This has increased the demand for activated charcoal over the last few years. In 2018, product consumption in water treatment applications reached over 40% of global production.

In the food and beverage industry, activated carbon is consumed in processes such as the removal of colored or odorous pollutants or sweeteners, food liquids, juices, beverages, glycerol, amino acids, and organic acids. Increased demand for processed foods and beverages is a major factor expected to drive the market in the near future. The demand for pharmaceuticals and carbon-powered drugs reached 104.1 kW in 2018. This product is used to purify raw compounds, kidney machines, nursing equipment, and ventilators. As population and health concerns rise, demand is expected to rise in the forecast period.

Regional Takeaway

In all regions except the Asia Pacific, the market share is expected to decline as the Asia Pacific region grows rapidly during the forecast period. Economies like China, India, and Japan are expected to lead the region in the next six years. Coconut husks are one of the proven raw materials and are mainly used for active carbon production. Many Asian countries, including the Philippines, Indonesia, Malaysia, India, and Sri Lanka, have an ideal tropical climate suitable for growing coconut, making the Asia-Pacific region one of the world’s leading sources of raw materials.

North America is the second-largest market after the Asia-Pacific region. In advanced areas such as North America and Europe, moderate growth is expected, mainly due to the saturation of end-user industries and weak economic scenarios in Europe. During the forecast period, the market is expected to assist in enhancing environmental issues, strict regulations and standards, and government environmental initiatives. As a result, air purification, water treatment, and mercury absorption are one of the few applications that are expected to grow rapidly.

Key Vendor Takeaway

The growing demand has led many companies to enter the business, and many companies are still looking for a way. This scenario is expected to last from six to 8 years and helps meet the growing demand for products in various uses. As renewal progresses, more and more companies are creating ways to seize opportunities and engage in resuscitation by offering services like on-site services.

The market is very product-driven. In this way, companies invest heavily in research and development activities to develop new products and exploit niche opportunities. Key stakeholders are Jacoby Carbons AB, Cabot Corporation, Osaka Chemical Gas Company Limited, Calgon Carbon Corporation, and Avocore Water Technologies LLC.

The market size and forecast for each segment and sub-segments has been considered as below:

• Historical Year – 2014 & 2016
• Base Year – 2017
• Estimated Year – 2018
• Projected Year – 2025

TARGET AUDIENCE

• Traders, Distributors, and Suppliers
• Manufacturers
• Government and Regional Agencies
• Research Organizations
• Consultants
• Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

KEY PLAYERS

• Jacoby Carbons AB
• Reddy Emirates International LLC
• Oriental Trading Co., Ltd.
• Oxbow Activated Carbon LLC
• Evoqua Water Technologies LLC
• Kureha Corporation
• Donau Chemie AG
• CarboTech AC GmbH
• Kuraray Co., Ltd.
• Kalpachar Products Pvt. Ltd.
• ADA-ES, Inc.
• Haycarb PLC
• Veolia Water Technologies
• Cabot Corporation
• Osaka Chemical Gas Company Limited
• Calgon Carbon Corporation
• Avocore Water Technologies LLC

MARKET, BY PRODUCT

• Powdered
• Granular

MARKET, BY APPLICATION

• Liquid Phase
• Gas Phase

MARKET, BY END-USER

• Automotive
• Water Treatment
• Food & Beverage Processing
• Pharmaceutical & Medical
• Air purification

MARKET, BY REGION

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • South Korea
  • Japan
  • Singapore
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Rest of MEA