Global Activated Carbon Market : Industry Manufacturers Analysis and Forecast to 2023

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Some of the major factors driving the growth of the global activated carbon market are the increasing demand of activated carbon for air purification and water purification, and increasing food and beverage industries compliance for activated carbon.

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The powdered activated carbon product segment leads the global activated carbon market, whereas granular activated carbon product segment is anticipated to grow with the fastest rate in the global activated carbon market.
 
The water treatment application segment is the fastest growing segment in the global activated carbon market. The major factors behind the fastest growth of the water treatment application segment are increasing concern and awareness regarding the purity of water, and strict government norms for the treatment of industrial effluent.

Moreover, the increasing demand for activated carbon in metal finishing industry for electroplating solutions, and significant growth of pharmaceutical and food and beverage industries in the emerging economies, such as China, India, and Brazil are creating ample opportunities for the growth of the global activated carbon market, during the forecast period.

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Activated carbon refers to the processed carbon having small pores and increased surface area. The high surface area of the activated carbon is utilized for the adsorption of chemical impurities. Activated carbon has several applications in sewage treatment, water treatment, medicine, gas purification, and metal purification and extraction.

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Geographically, Asia-Pacific dominates the global activated carbon market, owing to high consumption of activated carbon for water and gas purification in the region, and high growth of food and beverage industries.

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The key players operating in the global activated carbon market are Carbon Resources LLC, Advanced Emissions Solutions Inc., Kureha Corporation, Donau Chemie AG, Clarimex, Haycarb PLC, CarboTech AC GmbH, Arkema Group, Kuraray Chemical Co. Ltd., WestRock Company, Siemens AG, Osaka Gas Chemicals Group, Cabot Corporation, and Veolia.

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