Market Research Report

Activated Carbon Market

Activated Carbon Market Research Report: Size, Share, Trend Analysis Type (Powdered Activated Carbon, Granular Activated Carbon, Extruded Activated Carbon, Others), Application (Water Purification, Air Purification, Food and Beverage, Industrial Chemicals, Metal Extraction, Pharmaceuticals) and By Region (Middle East and Africa, North America, Asia Pacific, Europe, South America) - Growth Outlook & Industry Forecast To 2023

Vertical: CNMBase Year: 2017

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Executive Summary

Activated Carbon Market — Snapshot

  • Market Size (2017)

    $366.30M

  • Projected (2023)

    $550.00M

  • CAGR (2015–2023)

    6.8%

  • Key Players

    11+

The global activated carbon market is projected to register a robust CAGR of 8.14% during the forecast period (2018–2023). The global market is expected to reach USD 7,032.5 million by the end of 2023. Stringent environmental regulations regarding the removal of mercury from the power plant emissions, natural gas production units, and other anthropogenic sources is one of the key factors expected to fuel the demand for activated carbon in the global market. The other important factor driving the global market growth is the increasing use of activated carbon for water treatment in the industrial and drinking water applications. The product is an economical and effective solution to the water treatment applications on account of its high porosity. Additionally, it is a waste-derived product from raw materials such as coconut-shell charcoal and agricultural wastes, such as corncob. Furthermore, the product is used in various industries including oil & gas, automotive, food & beverage, medical, and petrochemicals. The healthy growth of these industries across the globe is likely to contribute to the global market growth during the forecast period.

However, fluctuating raw material prices and supply–demand gap are factors expected to restrain the growth of the global market. Nevertheless, the growing popularity of the product in smart electronics and electric vehicles is expected to create lucrative opportunities for the players operating the global market during the forecast period.

In 2017, the Asia-Pacific market held the largest market share of 45.28%; it is projected to register a CAGR of 9.93% to reach USD 3,517.2 million by the end of 2023. The growth is mainly attributed to the significant rise in the demand for the product in end-use industries such as energy, automotive, medical, and food & beverage in the region. In addition, the increasing use of recycled water in the chemical and paper industries in the region is expected to boost the growth of the regional market during the forecast period.

Key Insight

The Activated Carbon Market market is projected to grow at a CAGR of 6.8% from 2015 to 2023.

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 5 regions: Middle East and Africa, North America, Asia Pacific, Europe, South America.
  • Market Segmentation: The market is analyzed across 4 segments: Powdered Activated Carbon, Granular Activated Carbon, Extruded Activated Carbon, Others. Forecasts are provided for each segment from 2015 to 2023.
  • Competitive Landscape: 11 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Activated Carbon Market

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