Activated Carbon Market – Snapshot

Activated carbon is a carbonaceous, extremely porous adsorptive medium with a complex structure composed primarily of carbon atoms. Atoms are linked together by random cross-linkages in an activated carbon. Various raw materials such as coconut shell, wood, and coal are used in the manufacture of activated carbon. It can also be manufactured using less conventional raw materials such as peat, olive stones, fruit pits, petroleum pitch, synthetic polymers, waste cellulose materials, and scrap tires. Activated carbon can be manufactured using one of the two methods: steam activation process and chemical activation process. Of these, steam activation is widely used for the production of activated carbon.

activated carbon industry

 Activated carbon can be produced in different forms such as powder, granular, extruded, and others (including honeycombs and fibers). More than 40% of activated carbon is produced in the granular form across the globe. The adsorptive capacity of granular activated carbon makes it ideal for removal of a variety of contaminants from water, air, liquids, and gases. Granular activated carbon can also be reactivated with thermal oxidation. It can be used multiple times for the same application. Powdered activated carbon is also produced in large quantities globally. More than 35% of activated carbon is produced in the powder form across the globe. Powdered activated carbon is primarily used in water & wastewater treatment application due to its porous structure. It is ideal for removal of contaminants from the water.

Activated carbon is employed extensively in various applications in different sectors. More than 35% of activated carbon produced globally is used for water & wastewater treatment. Activated carbon is employed in water treatment due to various uses such as improvement of taste and odor and reduction of chlorine and catalytic growth. In water & wastewater treatment application, it is used primarily in municipal water treatment, environmental water treatment, and wastewater management in residential water purification. Activated carbon is also employed in the treatment of gases and chemicals. It is made from coal or coconut shell and is designed to perform as adsorbent to remove smaller ranges of particle size. Thus, it is widely used in gas and chemicals. Around 30% of activated carbon produced globally is used in the air & gas treatment application. Activated carbon is employed in industrial air treatment in order to capture toxic air pollutants such as primary volatile organic compounds (VOCs) from petroleum plants, manufacturing operations, and chemical processing plants. Activated carbon is also employed in food & beverages, industrial chemicals, pharmaceuticals, mining, automotive, and others (including personal care and gold metal catalyst).

The global activated carbon market can be anticipated to expand at a CAGR more than 8.0% to reach around US$ 6.0 Bn by 2026. Rise in need of water filtration process and increase in demand for activated carbon in the air purification process are expected to drive the activated carbon market during forecast period. Governments across the globe are spreading awareness about health risks associated with drinking impure water. Various countries such as India and China are investing significantly in water filtration plants.

In terms of form, the granular segment holds major share of the global activated carbon market. The segment is expected to expand substantially during the forecast period. Adsorptive capacity of granular activated carbon and increasing demand for the carbon in various applications are key factors anticipated to propel the demand for granular activated carbon during the forecast period. In terms of raw material, the coal-based segment accounted for key share of the market in 2017. The coconut shell-based segment is projected to expand significantly during the forecast period due to the lower cost and effective production capacity. In terms of application, the water & wastewater treatment segment held major share of the market in 2017. The segment is estimated to remain dominant during forecast period.

In terms of value and volume, Asia Pacific held prominent share of the global activated carbon market in 2017. Increase in demand for activated carbon in various applications such as manufacturing, pharmaceuticals, and water treatment in India and China is driving the activated carbon market in the region. Asia Pacific is projected to remain a dominant region of the market during the forecast period. North America and Europe held key share of the global activated carbon market in 2017. The market in these regions is projected to expand at a moderate pace during the forecast period. Rise in demand for water treatment application and regulations associated with mercury emission control are likely to fuel the demand for activated carbon in North America and Europe. The market in Latin America and Middle East & Africa is anticipated to expand at a sluggish pace during forecast period. GCC is expected to be a dominant region of the market in Middle East & Africa during forecast the period. Lower availability of resources of drinking water and pollution due to large presence of refineries have created the need for proper utilization of water. This, in turn, is driving the demand for activated carbon in GCC.

The global activated carbon market is highly consolidated. Key players operating in the global activated carbon market are Cabot Corporation, Calgon Carbon Corporation, Osaka Gas Chemicals Co., Ltd., and Haycarb PLC. Other players include ADA Carbon Solutions, Inc., CarboTech AC GmbH, Oxbow Activated Carbon, Donau Chemie AG, Carbon Activated Carbon, Evoqua Water Technologies, and Kureha Corporation. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The report also comprises a matrix of comparison of the top four players operating in the activated carbon market along with their market share analysis for 2017.

Activated Carbon Market - Overview

Activated carbon, also called activated charcoal, is a highly porous, adsorptive material with large surface area and large amorphous structure. It is mostly composed of aromatic configurations of carbon atoms, which are joined by random cross-linkages. Different types of raw materials are employed in the manufacture of activated carbon. Major raw materials are coal, coconut shell, and wood. Activated carbon can be manufactured by using less conventional raw materials such as peat, olive stones, fruit pits, petroleum coke, pitch, synthetic polymers, waste cellulose materials, and scrap tires. It can be manufactured by employing two processes: steam activation at high temperatures and chemical activation by using a strong dehydrating agent. Of these, steam activation is the commonly used process.

Based on form, the global activated carbon market has been segmented into granular, powdered, extruded, and others (including honeycombs and activated carbon fibers). Granular is expected to be the dominant segment during the forecast period. However, the powdered segment is anticipated to expand significantly during the forecast period. In terms of raw material, the global activated carbon market has been divided into coal-based, wood-based, coconut shell-based, and others (including nutshell and olive stones). Coal-based was the major segment of the activated carbon market in 2017. However, the coconut shell-based segment is anticipated to expand at a rapid pace during the forecast period. Easy availability and eco-friendly nature are the major factors estimated to drive the coconut shell-based segment. Based on application, the activated carbon market has been segregated into water & wastewater treatment, gas & air treatment, food & beverages, pharmaceuticals, industrial chemicals, mining, automotive, and others (including personal care, gold metal catalyst). Water & wastewater treatment and gas & air treatment were the dominant segments of the global activated carbon market in 2017.

Based on region, the global activated carbon market has been split into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is estimated to lead the global activated carbon market in the next few years. The market in the region is projected to expand rapidly during the forecast period.

The report analyzes and forecasts the activated carbon market at global and regional levels. The market has been projected in terms of value (US$ Mn) and volume (tons) from 2018 to 2026. The study includes drivers and restraints of the global activated carbon market. It also covers the expected impact of these drivers and restraints on demand for activated carbon during the forecast period. The report also highlights growth opportunities for the activated carbon market at the global and regional levels.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global activated carbon market. Porter’s Five Forces model for the activated carbon market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein form, raw material, and application segments have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global activated carbon market by segmenting it in terms of form, raw material, application, and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for activated carbon in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The study includes profiles of major companies operating in the global activated carbon market.

Key players include Cabot Corporation, Osaka Gas Chemicals Co., Ltd., Calgon Carbon Corporation, Haycarb PLC, ADA Carbon Solutions, Inc., Oxbow Activated Carbon, Donau Chemie AG, Evoqua Water Technologies, LLC, and Kureha Corporation. Market players have been profiled in terms of company overview, business strategies, and recent developments.

The report provides the estimated size of the global activated carbon market for 2018 and forecast for the next eight years. The size of the global activated carbon market has been provided in terms of volume and value. Market numbers have been estimated based on form, raw material, application, and region. The market size and forecast for each form, raw material, and application have been provided at the global and regional levels.

The global activated carbon market can be segmented as follows:

Global Activated Carbon Market, by Form

  • Granular
  • Powdered
  • Extruded
  • Others (including Honeycombs and Activated Carbon Fibers)

Global Activated Carbon Market, by Raw Material

  • Coal-based
  • Coconut Shell-based
  • Wood-based
  • Others (including Olive Stones and Petroleum Pitch)

Global Activated Carbon Market, by Application

  • Water & Wastewater Treatment
  • Gas & Air Treatment
  • Food & Beverages
  • Industrial Chemicals
  • Pharmaceuticals
  • Mining
  • Automotive
  • Others (including Personal Care and Gold Metal Catalyst)

Global Activated Carbon Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Netherlands
    • Belgium
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

 

Key Takeaways

  • Global and regional market share of the activated carbon market in terms of volume (tons) and value (US$ Mn), by form, raw material, application, and region for the period between 2018 and 2026
  • Detailed analysis of the country-level demand for activated carbon in countries/sub-regions including the U.S., Canada, Germany, France, the U.K., Italy, France, the Netherlands, Belgium, Russia & CIS, China, India, Japan, South Korea, ASEAN, Brazil, Mexico, GCC, and South Africa with respect to different form, raw material, and application segments for the period from 2018 to 2026
  • Key indicators, drivers, restraints, and opportunities in the global activated carbon market
  • Import-export analysis of the activated carbon market for all regions
  • Price trend forecast of the global activated carbon market in terms of form and region
  • Value chain analysis and Porter’s Five Forces analysis of the global activated carbon market
  • Regulatory landscape
  • Market attractiveness analysis of the global activated carbon market by form, raw material, application, and region to understand the highly potential market
  • Key findings for the activated carbon market in each region and in-depth analysis of major form, raw material, and application in terms of volume and value
  • Competition matrix of key players operating in the market and market share of major companies for 2017
  • Detailed company profiles of major players in the market
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