News-Global Activated Carbon Market Outlook 2021

Global Activated Carbon Market size was valued at $ 3263.23 million in 2021 and is expected to grow at a CAGR of 5-6% by 2027, reaching $ 4548.32 million in 2027, – Bossonresearch.com

Activated carbon, also known as activated charcoal, is used in various industrial applications that include gas and air cleaning involving reusable recovery. Growing environmental concerns and awareness have led to strict emissions guidelines. This, in turn, has encouraged several manufacturers to invest in developed technologies and advanced concepts for the use of the product in applications such as cleaning and air treatment. It is increasingly used for water treatment, including drinking water, service water, groundwater, and wastewater.

The primary role of the activated carbon is adsorption of dissolved organic impurities and elimination of substances that affect the odor and taste. The adoption of activated carbon injection (ACI) technology has provided cost-effective methods for the purification process. These methods are majorly used in cement kilns and power plants for reducing mercury emissions. Growing pollution on account of emissions caused during product manufacturing has been a significant factor driving the market.

According to Bosson Research, the Global Activated Carbon Market size was valued at $ 3263.23 million in 2021 and is expected to grow at a CAGR of 5-6% by 2027, reaching $ 4548.32 million in 2027.The product demand is increasing with the rising need for clean and safe potable water. The market's growth can be attributed to the product's properties, including the high surface area available for adsorption that easily removes impurities such as oils, microbes, odor & taste imparting substances, and chemicals. For example, Carbon Activated Corp. provides industrial solutions, municipal groundwater filter systems in the U.S. and VOC/siloxane removal systems in biogas engines all over Europe. An exponentially rising population is also leading to high consumer demand for freshwater, which has led to the increased consumption of water purification. Increasing levels of water pollution have compelled government authorities to implement stringent regulations on treating industrial wastewater. This has directed many industries such as pulp&paper, chemicals, and paints & dyes to incorporate water treatment units in their facilities, thereby increasing demand for charcoal to remove pollutants.

Figure Global Activated Carbon Market Size (M USD)

Source: Bosson Research, 2021

Competitive Landscape: Key Market Players to Strengthen their Position by Providing Solutions to Various Industries

Major producers such as Kuraray Co.,Ltd., and Cabot Corporation have a widespread presence around the globe. They offer various types of activated carbon products. Kuraray Co., Ltd., and Cabot Corporation used acquisition and new product development as their key strategies to increase their global presence and serve the customer demands in the market. These companies serve various end-use industries such as water treatment, pharmaceutical, oil & gas, and food & beverage.

Osaka Gas Chemicals Co., Ltd. develops and uses technologies to supply various products to meet consumer requirements. These include products with higher performance for special application in several industries such as air environment, water purification, food and beverages.

January 2019, Calgon Carbon Corporation announced the global price increase on all carbon products and other related equipment. This price increase is due to a continued boom in raw material prices and transportation expenditures. The price increase ranged between 10-15%, depending on the type of material, specific product, and global market dynamics.

2020 Global Activated Carbon Market Share of Major Manufacturers

Source: Bosson Research, 2021

Some of the companies that are profiled in this report are:

Kuraray

Osaka Gas Chemicals

YL

CABOT

Ingevity

Haycarb

JD

Shenhua Group

ADA-ES

Fujian Xinsen Carbon

MULINSEN ACTIVATED CARBON

Shanxi XinHua Chemical

Boyce Carbon

DESOTEC Activated Carbon

HuaHui-Carbon

ZHI XING

Silcarbon Aktivkohle GmbH

Jiangsu Zhuxi Activated Carbon

Inner Mongolia TaiXi Coal Group

Active Char Products

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