Global Activated Carbon Market to Reach 5.7 Million Tons by 2030

The global market for Activated Carbon estimated at 3.1 Million Tons in the year 2023, is expected to reach 5.7 Million Tons by 2030, growing at a CAGR of 9.2% over the analysis period 2023-2030. Powdered, one of the segments analyzed in the report, is expected to record a 10.2% CAGR and reach 3.6 Million Tons by the end of the analysis period. Growth in the Granular segment is estimated at 7.9% CAGR over the analysis period.

The U.S. Market is Estimated at 563.9 Thousand Tons While China is Forecast to Grow at 10.9% CAGR

The Activated Carbon market in the U.S. is estimated at 563.9 Thousand Tons in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of 2.2 Million Tons by the year 2030 trailing a CAGR of 10.9% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 6.6% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

Global Activated Carbon Market - Key Trends & Drivers Summarized

Activated carbon, also known as activated charcoal, is a highly porous form of carbon that is processed to have a vast surface area, making it extremely effective at adsorbing a wide range of substances from gases and liquids. This material is produced from various carbon-rich sources, such as coconut shells, coal, wood, and peat, through processes involving carbonization and activation. The activation process typically involves exposing the carbon material to high temperatures and chemical agents, which enhance its porosity and surface area. Activated carbon`s unique properties make it indispensable in various applications, including water purification, air filtration, food and beverage processing, and medical treatments, particularly for poisoning and overdose cases.

The growth in the activated carbon market is driven by several factors. The increasing demand for clean water and stringent environmental regulations are major drivers, as industries and municipalities seek effective solutions for water and air purification. The rise in industrial activities and urbanization has led to heightened pollution levels, necessitating advanced filtration technologies that rely heavily on activated carbon. Consumer behavior trends, such as the growing preference for natural and chemical-free products, have also boosted the demand for activated carbon in personal care and food products. Moreover, advancements in manufacturing techniques have reduced production costs and improved the quality of activated carbon, making it more accessible for various applications. The surge in applications across emerging markets, driven by industrial growth and environmental concerns, further underscores the robust expansion of the activated carbon market.

Technological advancements and increasing environmental regulations have propelled the use of activated carbon in diverse industrial applications. In water treatment, activated carbon is utilized to remove contaminants like chlorine, pesticides, and organic compounds, ensuring safe and clean drinking water. In air purification systems, it effectively captures volatile organic compounds (VOCs) and odors, improving indoor air quality. The food and beverage industry leverages activated carbon for decolorization and purification processes, ensuring product safety and quality. Additionally, the energy sector employs activated carbon in the purification of natural gas and the recovery of gold in mining operations. Innovations in the production of activated carbon, such as the development of more sustainable and efficient activation methods, have further expanded its applications and enhanced its performance.