About Activated Carbon
Activated Carbon is also known as charcoal which has a large number of applications in various sectors. It is characterized by a large number of tiny pores and a high surface area, which increases absorption capacity. These activated carbon are manufactured from coconut shells, peat, hard and softwood, and various carbonaceous specialty materials. It is majorly used in water and sewage treatment owing to its ability to remove particulate and dissolved impurities. Recent technological advancements in manufacturing are expected to further fuel the growth.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Activated Carbon 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.
ADA Carbon Solutions, LLC (United States), Cabot Corporation (United States), Calgon Carbon Corp. (United States), Chemviron Carbon (Belgium), Carbon Activated Corp (United States), Clarimex Group (Mexico), Evoqua Water Technologies LLC (United States), Fujian Yuanli Active Carbon Co., Ltd (China), Haycarb Plc (Sri Lanka) and Ingevity Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kuraray Co., Ltd. (Japan) and Osaka Gas Chemicals Co., Ltd. (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Activated Carbon market by Type (Powdered Activated Carbon, Granular Activated Carbon and Other Activated Carbon (Pelletized Activated Carbon)), Application (Gas Purification, Water Purification, Metal Extraction, Medicine and Other Application) and Region.
On the basis of geography, the market of Activated Carbon 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 End Use, the sub-segment i.e. Water Treatment will boost the Activated Carbon market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Advancements in Reactivation and Stringent Emission Norms and Improvement in Automobile Production Drives Active Charcoal Demand
Market Growth Drivers:
Increasing Stringent Regulations on Water Purification and Increasing Demand in Water Treatment and Sewage Treatment Applications
Challenges:
Issue Related to the Threat of Substitutes like Silica Gel and Supersand
Restraints:
Due to Lack of Raw Materials, Price for Activated Carbon is Increasing
Opportunities:
Growing Demand for Processed Foods and Beverages, Increasing Population and Health Concerns are Expected to Propel the Demand over the Forecasted Period and High Growth of Pollution Level
Market Leaders and their expansionary development strategies
In March 2022, One Equity Partners, a middle market private equity firm, has acquired of Norit Activated Carbon a global manufacturer of activated carbon for purification solutions, from corporate parent Cabot Corporation. The acquisition has Norit manufactures a broad portfolio of activated carbon products used for purification needs in growing sectors including renewable natural gas, food and beverage, chemicals, pharmaceuticals, air quality, water, and automotive.
In June 2021, REA Members CPL Activated Carbons have launched their latest and largest High Flow mobile carbon filter. Standing at 8m tall, the HF20V VOCSorber® can purify gas flows in excess of 40,000 m3/h, making it suitable for general air treatment in many sectors and industries, for odour control, VOC abatement and ammonia removal.
The United States Environmental Protection Agency (EPA) and government regulatory agencies have recommended activated carbon as the best available material for removing chemical impurities such as mercury.
Key Target Audience
Regional manufacturers’ associations and general activated carbon associations, Raw material manufacturers, Activated Carbon Traders, distributors, and suppliers, Government and regional agencies, Research organizations and Others
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.