The activated carbon market is projected to grow from USD 4.46 billion in 2023 to USD 8.41 billion by 2030 at a CAGR of 9.8%. This report provides a comprehensive analysis of industry, including market size, share, activated carbon market growth, trends, drivers and constraints, competitive aspects, and prospects for future demand. Activated carbon (also called activated charcoal, activated coal, or active carbon) is a very effective adsorbent. Due to its high surface area, pore structure (micro, meso, and macro), and high degree of surface reactivity, activated carbon can be used to purify, dechlorinate, deodorize, and decolorize both, liquids and gases. Activated carbons are economical adsorbents for various applications such as water purification, food-grade products, cosmetology, automotive, industrial gas purification, petroleum, and precious metal recovery, mainly for gold. The base materials used for the production of activated carbon are coconut shells, coal, or wood.
The activated carbon reactivation technology is experiencing significant growth driven by increasing demand for sustainable solutions and stricter environmental regulations. Reactivation is the process of restoring the adsorption capacity of the activated carbon. During the application of activated carbon, the pores of activated carbon begin to fill up with chemical substances. However, at some point, when there is not enough space available on the surface of activated carbon, the required performance criteria will not be met, and the carbon is said to be “spent”. Hence, three options are available to deal with spent carbon: landfill, regeneration, or reactivation. The landfill and incineration options necessitate the purchase of new carbon and may not be environment friendly. Regeneration and reactivation allow for the reuse of the activated carbon. Regeneration may be more favorable than the landfill option, but only if it is used to recover and reuse a valuable adsorbate. It is generally not applied for strictly environmental reasons because it is usually less efficient than reactivation.
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Reactivation of spent activated carbon is experiencing significant growth driven by increasing demand for sustainable solutions and stricter environmental regulations. According to Kuraray Co., Ltd., in US, the demand for reactivated carbon for industrial applications is expected to increase in the upcoming years. Hence, to maintain its market position, in 2024, Calgon Carbon Corporation (a subsidiary of Kuraray Co., Ltd.) announced the acquisition of an industrial reactivated carbon business from Sprint Environmental Services, LLC (US). Additionally, in 2022, Chemviron (a subsidiary of Kuraray Co., Ltd.) finished the expanding and running test operations of the reactivated carbon production facilities at its Feluy Plant, Belgium.
Based on type, the powdered activated carbon segment is projected to register the highest market share during the forecast period. Powdered activated carbon (PAC) is finely ground activated carbon, known for its extensive surface area and outstanding adsorption capabilities. PAC is utilized in a wide range of applications, including water treatment, air purification, gas and vapor treatment, wastewater treatment, and various industrial processes. In water treatment, PAC efficiently eliminates impurities, contaminants, and odors, ensuring the provision of clean and safe drinking water. Similarly, in air purification systems, PAC effectively captures odors, gases, and volatile organic compounds (VOCs), thereby enhancing indoor air quality. PAC is utilized in gas and vapor treatment to remove pollutants and impurities, in wastewater treatment for the elimination of organic and inorganic contaminants, and in industrial processes for purification and filtration purposes. Its versatility and efficiency make powdered activated carbon an invaluable solution for addressing environmental and industrial challenges.
Based on raw material, the coal raw material segment is projected to register the highest market share during the forecast period. Coal-based activated carbon, derived from coal sources through activation, has a porous structure ideal for adsorption. Its applications span water treatment for purification, air purification for odor and gas removal, gas and vapor treatment in industrial processes, gold recovery in mining, industrial processes, and environmental remediation for soil and groundwater cleanup. This versatile carbon type effectively addresses various environmental and industrial challenges by removing impurities and contaminants from liquids and gases.
Based on application, the gas phase application is projected to register the highest market share during the forecast period. In gas phase applications, activated carbon effectively adsorbs harmful gases, airborne dust, pollutants, and odors. It is extensively used in sectors like automobiles and industrial gases to fulfill diverse gas phase requirements, including deodorization and filtration in industrial air systems, chemical processing plants, exhaust fumes, and smoking rooms. Primarily utilized in automotive and industrial settings, activated carbon is crucial for managing exhaust gas emissions and odors, as well as in solvent recovery processes.
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Based on end-use industry, the Water Treatment sector is projected to register the highest market share during the forecast period. Activated carbon is essential in water treatment, effectively removing impurities, contaminants, and odors from water by adsorbing organic compounds, chlorine, volatile organic compounds (VOCs), and other pollutants. Its porous structure enhances water quality by improving taste, odor, and clarity. Activated carbon is used in wastewater treatment to eliminate chlorine and organic compounds for safe discharge. It is commonly used in municipal and industrial water treatment systems, as well as point-of-use and point-of-entry systems in households, ensuring clean and safe drinking water. Additionally, activated carbon filters remove residual disinfectants like chlorine and chloramines, enhancing water taste and odor. Overall, activated carbon is a versatile and efficient solution for improving water quality worldwide.
The activated carbon market is studied in five regions, namely, Asia Pacific, Europe, North America, the Middle East & Africa, and South America. North America is projected to be the second largest market during the forecast period. The North American market is expected to rank as the second largest globally in terms of value. Within the region, the US market is forecasted to experience the highest compound annual growth rate (CAGR) of 8.5% in terms of value during the forecast period. North America has established itself as a leader in product innovations and quality standards, particularly in countries like the US and Canada. It serves as a prominent manufacturing hub for chemicals, pharmaceuticals, and food & beverage products. Stringent regulations governing the purification and separation of these products have encouraged manufacturers to adopt advanced adsorption technologies, thereby fueling the demand for activated carbon in the region.
The demand for activated carbon has increased significantly owing to the stringent regulations regarding the maintenance of air quality and the increasing number of municipal and industrial wastewater treatment plants. A major consideration in the activated carbon industry is the increasing pressure on activated carbon producers regarding the high production cost of activated carbon. Hence, activated carbon producers have a high focus on the production of reactivated carbon. Reactivated carbon costs approximately half as much as fresh or unused granular activated carbon. It is an economical alternative to traditional activated carbon. This offers a major opportunity for the maximization of profits for market players.
The demand for activated carbon is mainly furnished by global players manufacturing for various end-use applications. Some of the leading companies involved in the activated carbon are SLB (US), Veolia (France), BASF SE (Germany), The Dow Chemical Company (US), Clariant (Switzerland), Baker Hughes Company (US), Umicore (Belgium), The Lubrizol Corporation (US), Vink Chemicals GmbH & Co. KG (Germany), Merichem Technologies (US), Q2 Technologies (US), and Venus Ethoxyethers Pvt. Ltd. (India). These companies, amongst many other regional players, fulfill the requirements globally for activated carbon.
The Osaka Gas Group has transitioned to a new identity as the Daigas Group. In 2018, the company introduced its fresh group brand, "Daigas Group." The company is involved in natural gas production and operates across multiple sectors. The Domestic Energy segment focuses on manufacturing, supplying, and selling city gas, gas appliances, liquefied natural gas, liquefied petroleum gas, industrial gas, and electricity generation. The International Energy segment is dedicated to natural gas and petroleum developments and investments, along with the leasing of transport tankers. The Life and Business Solutions segment provides information processing services and markets fine materials and carbon products.
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Kuraray Co., Ltd. specializes in manufacturing functional resins, high-performance materials, fibers & textiles, medical products, and synthetic rayon. The company operates through multiple segments, including Vinyl Acetate, Functional Materials, Isoprene, Trading, Fibers and Textiles, and Other Businesses. Within the Functional Materials segment, Kuraray Co., Ltd. produces activated carbon as part of its Environmental Solutions Division. In the Vinyl Acetate segment, the company domestically manufactures polyvinyl alcohol (PVA) resin, optical PVA film, and EVAL gas barriers. The Isoprene segment is dedicated to the production of isoprene, fine chemicals, GENESTAR, SEPTON, liquid rubber, and KURARITY acrylic thermoplastic elastomer. Under the Functional Materials segment, various products such as methacrylic resin, CLARINO, and dental materials are offered for the medical business. The Fibers and Textiles segment includes the sale of products like KURALON, polyester staples, KURAFLEX, hook and loop fasteners, among others. The Trading segment is involved in importing, exporting, and wholesaling fibers and textiles, including polyester filament and chemicals.
Global Activated Carbon Market: Trending in 2021 New York, NY 28 May 2021: According to a new study published by Polaris Market Research the global activated carbon market is anticipated to reach USD 13.44 billion by 2026.
Activated carbon is a widely used adsorbent and a major component in industrial processes.
Composed of homogenous and micro porous structures along with higher surface areas it shows immense stability for radiation.
Stringent regulatory framework mainly in the U.S. and China markets are expected to drive the activated carbon market growth.
This in contrast stringent regulatory framework and stepped up enforcements have stem them from efforts to fight water and air pollution caused due to rapid industrialization.
Globally developing and increasing output from the pharmaceuticals and chemicals sector have also augmented for higher product demand due to increasing need of activated carbon for purifying feed water and several other components during manufacturing processes.
The increasing adoption of the real-time tracking technology, due to the surging integration of the internet of things (IoT) in the transportation and logistics sector, is one of the major factors fueling the demand for last mile delivery solutions across the globe.
On the other hand, the delivery-partner-centric real-time tracking technology allows businesses to get a holistic view of the efficiency of logistics.Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/last-mile-delivery-market/report-sampleThis, in turn, inspires them to become more customer-centric.
The adoption of this technology has propelled the expansion of the e-commerce industry.
It has become imperative for both logistics service providers and e-commerce players to have a well-developed information technology (IT) infrastructure in place for enabling the efficient tracking of transactions and the movement of shipments at all times.
Besides this, the huge funding being provided to last mile delivery start-ups is also fueling the last mile delivery market advancement.Many venture capitalists and investors are making huge investments in start-ups operating in last mile logistics for expanding their businesses.
For example, Lalamove, which is an on-demand logistics provider based in Hong Kong, raised funding worth $300 million in its series D round in 2019 for expanding its operations across Asia-Pacific (APAC).
