The global activated carbon market size reached a value of almost USD 3.93 billion in 2019. The market is expected to reach a value of nearly USD 6.24 billion by 2025, growing at a CAGR of 8% in the forecast period of 2020-2025. The powdered type of the product is the dominant type of the product, accounting for more than 50% of the total industry. The segment is likely to continue to be the dominant type in the coming years as well. The segment is driven by its rising demand from multiple industrial sectors to control toxicity and mercury levels. Activated carbon, or charcoal, is widely being used in pharmaceutical or medical industry, where it has wide applications as an adsorbent to get rid of pollutants during the drug manufacturing. This is likely to aid the market growth further.
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The United States is the leading importing country of the substance, followed by Germany and Japan. In terms of exports, China is the leading export market, accounting for more than one-fourth of the total exports. Belgium, Philippines, the United States, and India are the other significant exporters of the product. In the Asia Pacific, activated carbon is commonly derived from coconut shell and is being increasingly preferred over the wood-derived kind due to its renewability and high adsorption properties, which can remove a higher amount of micro-impurities. However, wood and coal are the most common raw materials in the industry currently, accounting for more than 60 percent of the production.
The largest end use sector for the product is water treatment, accounting for nearly half of the total industry share. The substance is a highly effective source for water purification, as it effectively absorbs pollutants from water. It is included in the filtration process to remove residual contaminants from wastewater. It also removes chlorine from the wastewater. It has a large surface area that makes the absorption of contaminants from wastewater highly effective. Liquid-phase Granular Activated Charcoal (GAC) Adsorption is a treatment method used for the elimination of pollutants from the groundwater. Both powdered as well as granular activated carbons are used in water treatment. Wastewater treatment is followed by air treatment, gold treatment, respirators, and solvency recovery segments as the other major end-uses the product. It absorbs micro-pollutants from air, including chlorine, methane, and other organic compounds. Carbon activation is being used in the automotive industries to monitor emissions, to eliminate VOCs (volatile organic compounds) as well as to improve cabin air quality. This could also be used to develop supercapacitors electrodes.
Properties and Applications
Activated carbon is used in a variety of applications to purify liquids and toxic gases, including food and beverages processing, potable water treatment, odour removal, and in controlling industrial pollution. It is produced from carbonaceous sources such as coconuts, nutshells, coal, peat, and wood. The types of the product available in the industry are:
It finds its applications in the following segments:
The report also covers the regional markets of the product like North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America.
The growing demand for water filtration as well as air purification, supported by governments as a measure to improve water and air quality are the leading market trends in the activated carbon industry. In developing regions like India and China, the growth in the activated carbon market will be aided by a set of regulatory changes, like revisions in the environmental protection law in China. The rising production of the product from key players in these regions will also aid the industry growth.
Industrial air treatment is gaining attention, as many industrializing countries struggle with significant air pollution issues. This is resulting in the rise of activated carbon demand from the major industrial economies in order to control the mercury levels. The granular types of the product are expected to witness a healthy demand from the wastewater treatment industry as it effectively removes residual disinfectants and organic contaminants.
The product is also finding wide applications in the mining industry, specifically in the gold purification process, as it acts as an effective adsorbent in the gold recovery process. An increase in the gold mining activities, thus, is also pushing the activated carbon market growth further.
Coconut shell is the one of the most dominant feedstock materials used in the production of the product. An increase in coconut production provides an impetus to the activated carbon market. Other major feedstock material, like wood and coal, are also expected to drive the activated carbon market. Coal based activated carbon is extensively used in potable water purification, which is a major application sector.
The report gives a detailed analysis of the following key players in the global activated carbon market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR market research report on activated carbon provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis and price analysis.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Activated Carbon Market Analysis
6.1 Figure: Global Activated Carbon Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Activated Carbon Market Breakup by Type
6.2.1 Powdered Activated Carbon (PAC)
6.2.2 Granular Activated Carbon (GAC)
6.3 Figure: Global Activated Carbon Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
6.3.1 Powdered Activated Carbon (PAC)
6.3.2 Granular Activated Carbon (GAC)
6.4 Chart: Global Activated Carbon Market Breakup by Applications
6.4.1 Water Treatment
6.4.2 Air Treatment
6.4.3 Gold Treatment
6.4.5 Solvency Recovery
6.5 Figure: Global Activated Carbon Market Breakup by Applications: Historical Market (2015-2019) & Forecast (2020-2025)
6.5.1 Water Treatment
6.5.2 Air Treatment
6.5.3 Gold Treatment
6.5.5 Solvency Recovery
6.6 Chart: Global Activated Carbon Market Breakup by Feedstock
6.6.1 Coconut Shell
6.7 Figure: Global Activated Carbon Market Breakup by Feedstock: Historical Market (2015-2019) & Forecast (2020-2025)
6.7.1 Coconut Shell
6.8 Chart: Global Activated Carbon Market Breakup by Region
6.8.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
6.8.3 Asia Pacific
6.8.4 Latin America
6.8.5 Middle East & Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
6.9 Figure: Global Activated Carbon Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
6.9.1 North America
220.127.116.11 United States of America
18.104.22.168 United Kingdom
6.9.3 Asia Pacific
6.9.4 Latin America
6.9.5 Middle East & Africa
22.214.171.124 Saudi Arabia
126.96.36.199 United Arab Emirates
188.8.131.52 South Africa
7 Global Activated Carbon Price Analysis
7.1 North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.2 Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.3 Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.4 Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
7.5 Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
8 Global Trade Analysis (HS Code: 380210)
8.1 Major Importing Countries: by Value and Volume
8.2 Major Exporting Countries: by Value and Volume
9 SWOT Analysis
10 Porter’s Five Forces Analysis
10.2 Buyer’s Power
10.3 Supplier’s Power
10.4 New Entrants
10.5 Degree of Rivalry
13 Value Chain Analysis
11 EMR’s Key Indicators for Demand
12 EMR’s Key Indicator for Price
14 Cost Analysis
14.1 Cost of Raw Material
14.3 Energy Cost
14.4 Other Cost
15 Competitive Landscape & Supplier Analysis
15.1 Kuraray Co., Ltd.
15.1.1 Company Overview
15.1.2 Financial Analysis
15.2 Oxbow Activated Carbon LLC
15.2.1 Company Overview
15.2.2 Financial Analysis
15.3 Haycarb (Pvt) Ltd.
15.3.1 Company Overview
15.3.2 Financial Analysis
15.4 Indo German Carbons Limited (IGCL)
15.4.1 Company Overview
15.4.2 Financial Analysis
15.5 Shinkwang Chem. Ind. Co., Ltd
15.5.1 Company Overview
15.5.2 Financial Analysis
15.6 S.I.C.A.V Srl
15.6.1 Company Overview
15.6.2 Financial Analysis
15.7 Century Chemical Works Sdn. Bhd
15.7.1 Company Overview
15.7.2 Financial Analysis
15.8 Cabot Corporation
15.8.1 Company Overview
15.8.2 Financial Analysis
16 Events and Developments
Additional Customisations Available:
17 Manufacturing Process
17.1 Detailed Process Flow
17.2 Operations Involved
17.3 Mass Balance
18 Production Cost Analysis and Project Economics
18.1 Land, Location and Site Development
18.3 Plant Machinery
18.4 Cost of Raw Material
18.9 Other Capital Investment
The global activated carbon market attained a value of almost USD 3.93 billion in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 8%. The market demand is projected to reach USD 6.24 billion by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the global activated carbon market can be segmented into powdered and granular types, among others, with the powdered type accounting for the largest market share. The major regional markets for the product are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa. The key players in the above market include Kuraray Co., Ltd., Oxbow Activated Carbon LLC, Haycarb (Pvt) Ltd., Indo German Carbons Limited (IGCL), Shinkwang Chem. Ind. Co., Ltd, S.I.C.A.V Srl, and Century Chemical Works Sdn. Bhd, among others.
The major drivers of the industry such as rising disposable incomes, increasing population, growing industrialisation, and rising demand for the product from the air and wastewater treatment industries are aiding the industry growth. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected market conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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