The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, and construction materials are facing a diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in the supply of raw materials, which directly affected the manufacturing process. Further, the halt in many end-use industries directly affected the chemical demand all around the world.
Activated Carbon Market Overview
The global activated carbon market was worth USD 3.70 billion in 2021 and is expected to increase at a compound annual growth rate (CAGR) of 2.11% between 2023 and 2030.
Activated carbon is usually derived from charcoal. Activated carbon finds various applications in several industries such as water treatment, food & beverages, pharmaceutical, and personal care. Currently, the increasing demand for pure and filtrated freshwater across the world increases the demand for activated carbon for water treatment applications. This key fact boosts the overall growth of the activated carbon market during the forecast period. Furthermore, the regulatory landscape induces industrial participants to invest in wastewater treatment technologies due to which, the demand for activated carbon is likely to grow at a rapid pace. This key fact further contributes to the market’s expansion remarkably.
In the pharmaceutical sector, activated carbon is provided to individuals suffering from an overdose of chemical substances, toxins, and poison, among others. , activated carbon is also used to eliminate unwanted odour, taste, iodine & chlorine residual, and various man-made organic chemicals such as paint thinners and pesticides, among others. All these factors propel the demand for activated carbon, which in turn boosts the growth of the market.
On the downside, the shortage of raw materials and increasing prices of the raw materials may be hampering the growth of the market. Besides this, research and development activities are focusing on the production of activated carbons derived from cheap sources and gradually minimising the adoption of expensive commercial activated carbons. This fact is expected to create several profitable opportunities for market development.
Activated Carbon Market Segment Overview
Based on the product, powdered activated carbon is the fastest-growing segment in the market. Demand for powdered activated carbon in industrial applications such as the pharmaceutical industry for decolorization, and deodorization operations is projected to fuel its demand in the coming period. Moreover, the Gas Phase segment has significant growth in the activated carbon market. The use of activated carbon for air purification applications, mercury removal, hydrogen sulfide removal, and chlorine removal is driving the growth of the market. In addition to this, the rising use of hybrid and electronic cars is also expected to escalate the demand in the automotive application of the market.
Activated Carbon Market, By Product
· Powdered Activated Carbon
· Granular Activated Carbon
· Others
Activated Carbon Market, By Application
· Liquid Phase
· Gas Phase
Activated Carbon Market, By End User
· Water Treatment
· Food & Beverage Processing
· Pharmaceutical & Medical
· Automotive
· Air Purification
· Others
Activated Carbon Market Regional Overview
Region-wise, Asia Pacific commanded a major share of the Activated Carbon market. Countries such as China, India, and Japan are projected to lead the region in the forthcoming years. Coconut shells are widely used raw materials for manufacturing activated charcoal. Many Asian countries including the Philippines, Indonesia, Malaysia, India, and Sri Lanka have ideal tropical weather suitable for steady coconut cultivation. Therefore, it makes the Asia Pacific one of the major sources of raw materials worldwide.
Activated Carbon Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Activated Carbon Market Competitor Overview
Some key developments and strategies adopted by manufacturers of Activated Carbon are highlighted below.
· In February 2020, General Carbon Corporation announced plans to build a new activated carbon manufacturing facility in the U.S. The new plant is anticipated to produce granular and pelletized activated carbon.
· In October 2018, Cabot Corporation announced that it had acquired NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., a subsidiary of Nippon Steel Chemical & Material Co., Ltd. The carbon black manufacturing facility in Pizhou, Jiangsu Province, China, was originally commissioned in 2015.
Activated Carbon Market, Key Players
· CarbPure Technologies
· Boyce Carbon
· Cabot Corporation
· Kuraray Co.
· CarboTech AC GmbH
· Donau Chemie AG
· Haycarb (Pvt) Ltd.
· Jacobi Carbons Group
· Kureha Corporation
· Osaka Gas Chemicals Co., Ltd.
· Evoqua Water Technologies LLC
· Oxbow Activated Carbon LLC
· Carbon Activated Corporation
· Hangzhou Nature Technology Co., Ltd.
· Datong Coal Jinding Activated Carbon Co.
· CarbUSA, Sorbent JSC
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Activated Carbon Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Powdered Activated Carbon
- 5.2.2. Granular Activated Carbon
- 5.2.3. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Liquid Phase
- 5.3.2. Gas Phase
- 5.4. Market Analysis, Insights and Forecast – By End User
- 5.4.1. Water Treatment
- 5.4.2. Food & Beverage Processing
- 5.4.3. Pharmaceutical & Medical
- 5.4.4. Automotive
- 5.4.5. Air Purification
- 5.4.6. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Latin America
- 5.5.3. Europe
- 5.5.4. Asia Pacific
- 5.5.5. Middle East and Africa
6. North America Activated Carbon Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Powdered Activated Carbon
- 6.2.2. Granular Activated Carbon
- 6.2.3. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Liquid Phase
- 6.3.2. Gas Phase
- 6.4. Market Analysis, Insights and Forecast – By End User
- 6.4.1. Water Treatment
- 6.4.2. Food & Beverage Processing
- 6.4.3. Pharmaceutical & Medical
- 6.4.4. Automotive
- 6.4.5. Air Purification
- 6.4.6. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Latin America Activated Carbon Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Powdered Activated Carbon
- 7.2.2. Granular Activated Carbon
- 7.2.3. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Liquid Phase
- 7.3.2. Gas Phase
- 7.4. Market Analysis, Insights and Forecast – By End User
- 7.4.1. Water Treatment
- 7.4.2. Food & Beverage Processing
- 7.4.3. Pharmaceutical & Medical
- 7.4.4. Automotive
- 7.4.5. Air Purification
- 7.4.6. Others
- 7.5. Insights and Forecast – By Country
- 7.5.1. Brazil
- 7.5.2. Mexico
- 7.5.3. Rest of Latin America
8. Europe Activated Carbon Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Powdered Activated Carbon
- 8.2.2. Granular Activated Carbon
- 8.2.3. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Liquid Phase
- 8.3.2. Gas Phase
- 8.4. Market Analysis, Insights and Forecast – By End User
- 8.4.1. Water Treatment
- 8.4.2. Food & Beverage Processing
- 8.4.3. Pharmaceutical & Medical
- 8.4.4. Automotive
- 8.4.5. Air Purification
- 8.4.6. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. UK
- 8.5.2. Germany
- 8.5.3. France
- 8.5.4. Italy
- 8.5.5. Spain
- 8.5.6. Russia
- 8.5.7. Rest of Europe
9. Asia Pacific Activated Carbon Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Powdered Activated Carbon
- 9.2.2. Granular Activated Carbon
- 9.2.3. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Liquid Phase
- 9.3.2. Gas Phase
- 9.4. Market Analysis, Insights and Forecast – By End User
- 9.4.1. Water Treatment
- 9.4.2. Food & Beverage Processing
- 9.4.3. Pharmaceutical & Medical
- 9.4.4. Automotive
- 9.4.5. Air Purification
- 9.4.6. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. China
- 9.5.2. India
- 9.5.3. Japan
- 9.5.4. Australia
- 9.5.5. South East Asia
- 9.5.6. Rest of Asia Pacific
10. Middle East & Africa Activated Carbon Market Analysis (USD Billion), Insights and Forecast, 2023-2030
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast – By Product
- 10.2.1. Powdered Activated Carbon
- 10.2.2. Granular Activated Carbon
- 10.2.3. Others
- 10.3. Market Analysis, Insights and Forecast – By Application
- 10.3.1. Liquid Phase
- 10.3.2. Gas Phase
- 10.4. Market Analysis, Insights and Forecast – By End User
- 10.4.1. Water Treatment
- 10.4.2. Food & Beverage Processing
- 10.4.3. Pharmaceutical & Medical
- 10.4.4. Automotive
- 10.4.5. Air Purification
- 10.4.6. Others
- 10.5. Market Analysis, Insights and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East & Africa
11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2021
- 11.2. Key Industry Developments
- 11.3. Company Profile
- 11.4. Henkel AG and Company KGaA
- 11.4.1. Business Overview
- 11.4.2. Segment 1 & Service Offering
- 11.4.3. Overall Revenue
- 11.4.4. Geographic Presence
- 11.4.5. Recent Development
- 11.5. 3M
- 11.6. H. B. Fuller
- 11.7. Dow Inc.
- 11.8. Avery Dennison Corporation
- 11.9. BASF SE
- 11.10. Bostik SA
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
