The Activated Carbon Market to grow at a CAGR of 8.42% from 2022 to 2027; The increased need for purification in different industrial processes will drive growth -Technavio

NEW YORK, Aug. 10, 2023 /PRNewswire/ -- The activated carbon market is estimated to grow at a CAGR of 8.42% between 2022 and 2027 with the market size forecast to increase by USD 1,588.48 million, according to Technavio- Request a sample report

Activated Carbon Market Insights -

• Companies: 15+, Including Advanced Emissions Solutions Inc., Albemarle Corp., BASF SE, Boyce Carbon, Cabot Corp., Carbon Activated Corp., CarboTech AC GmbH, Donau Carbon GmbH, Evoqua Water Technologies LLC, General Carbon Corp., Hayleys Plc, Ingevity Corp., KURARAY Co. Ltd., Kureha Corp., MFAR Holdings Pvt Ltd., Osaka Gas Co. Ltd., Puragen Activated Carbons, Shinkwang Chem. Industry Co. Ltd., Tronox Holdings Plc, and Universal Carbons, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and company landscape; company product insights and recent developments; key companies; and market positioning of companies
• Segments: product (powdered, granular, and others), application (air purification, water purification, medical and pharmaceutical products, food and beverage, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa)

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Activated Carbon Market - Company Insights

The growing competition in the market is compelling companies to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market companies including - Advanced Emissions Solutions Inc., Albemarle Corp., BASF SE, Boyce Carbon, Cabot Corp., Carbon Activated Corp., CarboTech AC GmbH, Donau Carbon GmbH, Evoqua Water Technologies LLC, General Carbon Corp., Hayleys Plc, Ingevity Corp., KURARAY Co. Ltd., Kureha Corp., MFAR Holdings Pvt Ltd., Osaka Gas Co. Ltd., Puragen Activated Carbons, Shinkwang Chem. Industry Co. Ltd., Tronox Holdings Plc, and Universal Carbons

Activated Carbon Market – Market Dynamics

Key Drivers

The increased need for purification in different industrial processes is a key factor driving market growth. Activated carbon has a wide range of applications, with the main market driver being water and air purification. Countries such as India and China are experiencing rapid urbanization and industrialization, increasing pollution and water scarcity. This has created a need for wastewater treatment using activated carbon to remove contaminants. In addition, the food and beverage industry uses activated charcoal to remove flavors, aromas, and colors, and pharmaceutical companies use activated charcoal to purify ingredients. Hence, the increased need for purification is expected to drive the activated carbon market during the forecast period.

Major Trends

Growing demand for pollution control is a major trend in the market. Demand for activated carbon is expected to increase due to the growing need for mercury management technology in industrial air purification applications. Additionally, stringent emissions standards by regulatory bodies such as the US EPA and the European Commission require manufacturing facilities such as coal-fired power plants and industrial boilers to meet stringent limits on mercury and hazardous air pollutants. Canada, Australia, and Japan have similar regulations in place.

These measures are aimed at reducing mercury emissions and mandate the use of activated carbon to prevent pollution. Hence, the increased need for purification is expected to drive the activated carbon market during the forecast period. Hence, the growing demand for pollution control is expected to fuel the growth of the activated carbon market.

Significant Challenges

Technical limitations of activated carbon products are one of the significant challenges restricting market growth. The effect of the activated carbon filter depends on the amount used. However, there is a limit. It is ineffective against certain chemicals, pathogens, and heavy metals. Furthermore, they can even become a breeding ground for bacteria and viruses in some cases. The demand for activated carbon is limited due to these restrictions. Several precautions are required, such as low oxygen conditions, a cool, dry environment, and protection from heat and moisture to store activated charcoal. Lumps and cracks may occur If it is stored for a long time. Hence, technical limitations are expected to impede market growth during the forecast period.

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The activated carbon market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as prospects.

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What are the key data covered in this Activated Carbon Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the activated carbon market between 2023 and 2027
• Precise estimation of the size of the activated carbon market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the activated carbon market across APAC, North America, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of activated carbon market companies

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Company Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of companies included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global activated carbon market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global activated carbon market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Powdered - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Powdered - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Powdered - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Powdered - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Powdered - Year-over-year growth 2022-2027 (%)

• 6.4 Granular - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Granular - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Granular - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Granular - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Granular - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)
• Exhibit 47: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 48: Chart on Application - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 Air purification - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Air purification - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Air purification - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Air purification - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Air purification - Year-over-year growth 2022-2027 (%)

• 7.4 Water purification - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Water purification - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Water purification - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Water purification - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Water purification - Year-over-year growth 2022-2027 (%)

• 7.5 Medical and pharmaceutical products - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Medical and pharmaceutical products - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Medical and pharmaceutical products - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Medical and pharmaceutical products - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Medical and pharmaceutical products - Year-over-year growth 2022-2027 (%)

• 7.6 Food and beverage - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Food and beverage - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Food and beverage - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Food and beverage - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Food and beverage - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027 
• Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by Application 
• Exhibit 72: Market opportunity by Application ($ million)
• Exhibit 73: Data Table on Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 75: Chart on Market share by geography 2022-2027 (%)
• Exhibit 76: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 77: Chart on Geographic comparison
• Exhibit 78: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027 
• Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027 
• Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 The Netherlands - Market size and forecast 2022-2027 
• Exhibit 107: Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)

• 9.11 India - Market size and forecast 2022-2027 
• Exhibit 111: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.12 Belgium - Market size and forecast 2022-2027 
• Exhibit 115: Chart on Belgium - Market size and forecast 2022-2027 ($ million)
• Exhibit 116: Data Table on Belgium - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Chart on Belgium - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Belgium - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 119: Market opportunity by geography ($ million)
• Exhibit 120: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 121: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Company Landscape

• 11.1 Overview

• 11.2 Company landscape
• Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 123: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 124: Impact of key risks on business

12 Company Analysis

• 12.1 Companies covered
• Exhibit 125: Companies covered

• 12.2 Market positioning of companies 
• Exhibit 126: Matrix on company position and classification

• 12.3 Advanced Emissions Solutions Inc. 
• Exhibit 127: Advanced Emissions Solutions Inc. - Overview
• Exhibit 128: Advanced Emissions Solutions Inc. - Product / Service
• Exhibit 129: Advanced Emissions Solutions Inc. - Key offerings

• 12.4 Albemarle Corp.
• Exhibit 130: Albemarle Corp. - Overview
• Exhibit 131: Albemarle Corp. - Business segments
• Exhibit 132: Albemarle Corp. - Key news
• Exhibit 133: Albemarle Corp. - Key offerings
• Exhibit 134: Albemarle Corp. - Segment focus

• 12.5 BASF SE
• Exhibit 135: BASF SE - Overview
• Exhibit 136: BASF SE - Business segments
• Exhibit 137: BASF SE - Key news
• Exhibit 138: BASF SE - Key offerings
• Exhibit 139: BASF SE - Segment focus

• 12.6 Cabot Corp.
• Exhibit 140: Cabot Corp. - Overview
• Exhibit 141: Cabot Corp. - Business segments
• Exhibit 142: Cabot Corp. - Key offerings
• Exhibit 143: Cabot Corp. - Segment focus

• 12.7 Carbon Activated Corp. 
• Exhibit 144: Carbon Activated Corp. - Overview
• Exhibit 145: Carbon Activated Corp. - Product / Service
• Exhibit 146: Carbon Activated Corp. - Key offerings

• 12.8 Donau Carbon GmbH
• Exhibit 147: Donau Carbon GmbH - Overview
• Exhibit 148: Donau Carbon GmbH - Product / Service
• Exhibit 149: Donau Carbon GmbH - Key offerings

• 12.9 Evoqua Water Technologies LLC 
• Exhibit 150: Evoqua Water Technologies LLC - Overview
• Exhibit 151: Evoqua Water Technologies LLC - Business segments
• Exhibit 152: Evoqua Water Technologies LLC - Key news
• Exhibit 153: Evoqua Water Technologies LLC - Key offerings
• Exhibit 154: Evoqua Water Technologies LLC - Segment focus

• 12.10 Hayleys Plc
• Exhibit 155: Hayleys Plc - Overview
• Exhibit 156: Hayleys Plc - Business segments
• Exhibit 157: Hayleys Plc - Key offerings
• Exhibit 158: Hayleys Plc - Segment focus

• 12.11 KURARAY Co. Ltd.
• Exhibit 159: KURARAY Co. Ltd. - Overview
• Exhibit 160: KURARAY Co. Ltd. - Business segments
• Exhibit 161: KURARAY Co. Ltd. - Key offerings
• Exhibit 162: KURARAY Co. Ltd. - Segment focus

• 12.12 Kureha Corp.
• Exhibit 163: Kureha Corp. - Overview
• Exhibit 164: Kureha Corp. - Business segments
• Exhibit 165: Kureha Corp. - Key offerings
• Exhibit 166: Kureha Corp. - Segment focus

• 12.13 MFAR Holdings Pvt Ltd. 
• Exhibit 167: MFAR Holdings Pvt Ltd. - Overview
• Exhibit 168: MFAR Holdings Pvt Ltd. - Product / Service
• Exhibit 169: MFAR Holdings Pvt Ltd. - Key offerings

• 12.14 Osaka Gas Co. Ltd.
• Exhibit 170: Osaka Gas Co. Ltd. - Overview
• Exhibit 171: Osaka Gas Co. Ltd. - Business segments
• Exhibit 172: Osaka Gas Co. Ltd. - Key offerings
• Exhibit 173: Osaka Gas Co. Ltd. - Segment focus

• 12.15 Puragen Activated Carbons 
• Exhibit 174: Puragen Activated Carbons - Overview
• Exhibit 175: Puragen Activated Carbons - Product / Service
• Exhibit 176: Puragen Activated Carbons - Key offerings

• 12.16 Shinkwang Chem. Industry Co. Ltd. 
• Exhibit 177: Shinkwang Chem. Industry Co. Ltd. - Overview
• Exhibit 178: Shinkwang Chem. Industry Co. Ltd. - Product / Service
• Exhibit 179: Shinkwang Chem. Industry Co. Ltd. - Key offerings

• 12.17 Universal Carbons
• Exhibit 180: Universal Carbons - Overview
• Exhibit 181: Universal Carbons - Product / Service
• Exhibit 182: Universal Carbons - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 183: Inclusions checklist
• Exhibit 184: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 185: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 186: Research methodology
• Exhibit 187: Validation techniques employed for market sizing
• Exhibit 188: Information sources

• 13.5 List of abbreviations
• Exhibit 189: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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