About Activated Charcoal
Activated Charcoal is made up from carbon-rich materials such as wood, a Coconut shell, Peat which are then burn at very high temperature to obtain charcoal. Once the charcoal is obtain then it is pass through different chemical process for activation. There are different type of activated charcoal such as powder activated charcoal (PAC), granules activated charcoal (GAC), fibres activated charcoal (ACF), clothe activated charcoal (ACC), palletized activated charcoal, and activated charcoal honeycomb depending upon its appearance. Activated charcoal have rang of application in different industries and residential use such as purification of drinking water, treatment of ground and municipal water, reduction of landfill and power plant gas emissions, and recovery of precious metals. Owing to increasing concern of environmentalist in water waste treatments and increasing demand of activated charcoal, the activated charcoal market is expected to grow at a significant rate during forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.2% |
Activated Charcoal Market is a fragmented market due to the presence of various players. Leading manufacturer of activated carbon, offering a wide range of products for various applications, including air purification, water treatment, and food and beverage processing. Further, the market is characterized by intense competition, with companies focusing on innovation, quality, and cost competitiveness to differentiate themselves and gain market share. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Activated Charcoal market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Jacobi Carbon (Sweden), CalgonCarbon (United States), Cabot Corporation (United States), ProMark Associates Inc. (United States), BioWorld USA Inc (United States), Kureha Corporation battery and charger (Japan), Siemens Process Industries and Drives (Germany), Cabot Corporation (United States), HayCarb (Sri Lanka), Kuraray Europe (United States) and Shinkwang Chem. Ind. Co., Ltd (South Korea) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Activated Charcoal market by Type (Powder Activated Charcoal (PAC), Granules Activated Charcoal (GAC), Fibres Activated Charcoal (ACF), Clothe Activated Charcoal (ACC), Palletized activated charcoal and Activated charcoal honeycomb), Application (Chemicals Industries, Waste water Industries, Pharmaceutical and healthcare Industries, Remediation Industries, Air emission Industries and Other) and Region.
On the basis of geography, the market of Activated Charcoal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Base Used, the sub-segment i.e. Coal Based will boost the Activated Charcoal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Activated Charcoal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Characteristics , the sub-segment i.e. The Pore structures will boost the Activated Charcoal market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand Activated Charcoal Based Skin Care Products, Growing Popularity of Activated Charcoal in Vegan and Health Food Industries and Growing Demand for Activated Charcoal in Developing Countries
Market Growth Drivers:
Increasing Demand of Activated Charcoal in Water Purification Industries, Rising Demand for Activated Charcoal for Intoxication Treatment and Growing Environmentalist Concern towards Water Waste Treatment
Challenges:
Fluctuating Raw Material Prices, Long Term Treatment May Lead To Side Effects and High-Velocity Or Uneven Airflow Can Cause Particles To Migrate And Break Apart.
Restraints:
Presence of Other Substitute and Alternatives Such as Zeolites, Bentonite Clay in the Market
Opportunities:
Increasing Demand for Enhanced Activated Charcoal in Automotive Gasoline Vapour Emission Control
Market Leaders and their expansionary development strategies
In November 2021, One Equity Partner acquired Cabot crops Norit Activated Carbon. One Equity Partner is a middle market equity firm and Norit Activated Carbon is a global manufacturer of activated carbon for purification solutions, from corporate parent Cabot Corporation. Norit Activated Carbon Company operates two plant in North America, five in Europe and participates three joint ventures in Canada. This acquisition help One Equity Partner to company’s growth and development in activated charcoal market.
In April 2019, Calgon Carbon Launched FLUEPEC, powered activated charcoal for treatment of mercury in flue gas streams from coal-fired electric power plant. When it comes to creating cutting-edge technologies, systems, and services for air and water purification, Calgon Carbon has been a trailblazer. With the help of this new launch Calgon Carbon enhanced its presence in market.
The Department of Health says in a statement that restaurants and cafes aren’t allowed to serve food with activated charcoal in it because it’s “prohibited by the U.S. Food and Drug Administration (FDA) as a food additive or food coloring agent". The FDA says that it currently has no regulation on activated charcoal as a food additive or color additive as an ingredient to be added to food — though companies may decide that their use of activated charcoal is “generally recognized as safe” after approval from “qualified experts,” which allows legal usage before official FDA approval.
Key Target Audience
Activated Charcoal Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.