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Global Activated Carbon Market to Grow at a CAGR of 8% Over the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Activated Carbon Market Report and Forecast 2021-2026’, the global activated carbon market reached a value of around USD 3.93 billion in 2020. The industry is further expected to grow at a CAGR of 8% between 2021 and 2026 to attain a value of nearly USD 6.24 billion by 2026.

The global activated carbon market is mainly driven by the increased demand from the water treatment industry, accounting for nearly half of the total industry share. The substance is considered an effective source for making water pollutant-free as activated carbon, upon dissolution in water, absorbs the pollutants present in water.

The demand for activated carbon has witnessed a steady growth as it is used in a variety of applications to purify liquids and toxic gases, including municipal potable water, food and beverage processing, and in controlling industrial pollution. In March 2018, Kuraray Co., Ltd. (OTCMKTS: KURRF), a key player in the global activated carbon market, announced the acquisition of Calgon Carbon Corporation aiming to enhance its carbon materials business, further focusing on activated carbon, activated carbon services, and filtration media. After the acquisition, Calgon Carbon has become a part of the Functional Materials Company of Kuraray, along with Kuraray’s Carbon Material Business Division, thus, fulfilling the increasing product demand for activated carbon.

In 2016, Oxbow Activated Carbon LLC, a wholly-owned subsidiary of Oxbow Carbon LLC and a leading distributor of a broad range of coconut shell and coal and wood-based activated carbon products, announced the acquisition of all the assets of Superior Adsorbents, Inc. (SAI). The acquisition furthers Oxbow Activated Carbon's continuing efforts to enhance its ability to provide customers with high-performance screening, sizing, grinding, impregnation, pelletizing, and custom packaging solutions, particularly in North America.

Market Analysis by Types, Applications, and Regions:

  • The major types of products available in the market are powdered activated carbon (PAC), and granular activated carbon (GAC), among others. 
  • The activated carbon finds applications in sectors like water treatment, air treatment, gold treatment, respirators, and solvency recovery. 
  • Region-wise, the global activated carbon market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing demand for activated carbon for water treatment and air purification purposes is driving the growth of the activated carbon industry globally. 
  • With the growing environmental concern, the governments are implementing a set of regulatory changes, which will provide further impetus to the activated carbon market. 
  • The rising gold mining activities are leading to an increased product demand to carry out gold recovery process, further driving the growth of the industry.
  • The rising demand for the product from industries to control air pollution and treat industrial air is also aiding the market growth.

Key Offerings of the Report:

  • The EMR report provides a detailed overview of the global activated carbon market for the periods (2016-2020) and (2021-2026), providing an insight into the types, applications, feedstock, and regional markets of activated carbon. 
  • The report gives the regional historical (2016-2020) and forecast (2021-2026) price trends of activated carbon. 
  • The global trade data analysis has also been provided in the report, covering the value and volume of the leading importing and exporting countries.

Kuraray Co., Ltd., Oxbow Activated Carbon LLC, Haycarb (Pvt) Ltd., Indo German Carbons Limited (IGCL), Shinkwang Chem. Ind. Co., Ltd, SICAV Srl, Century Chemical Works Sdn. Bhd, and cabot corporation, among others, are the key players in the global activated carbon market. The comprehensive report looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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