The global activatedcarbon market size was valued at USD 5.21 billion in 2023 and is projectedto grow from USD 5.50 billion in 2024 to USD 8.54 billion in 2032, exhibiting a
CAGR of 5.7% during the forecast period.The market is projected to reach USD 8.54 billion by 2032,
Activated carbon, also called activated charcoal, isa form of carbon that is majorly used in air purification and gas cleaning
applications as they have a high absorption capacity and porosity. The growing
use of this product in several industries, right from food & beverage to
chemicals is expected to amplify market growth.
FortuneBusiness Insights™ displays this information in a report titled, "Activated
Carbon Market, 2024-2032."
Source:
Segmentation:
Granular Carbon to Gain Traction Dueto its Rising Use in Many End-use Industries
Basedon type, the global market is segmented into powdered, granular, and others.
The Granulated Activated Carbon (GAC) segment is the fastest-growing segment as
this type of carbon finds major usage in several industries, such as air &
gas purification and water treatment.
Activated Charcoal to be IncreasinglyUsed in Water Treatment Applications Due to Rising Industrial Activities
Basedon application, the market is categorized into water treatment, air & gas
purification, food & beverage, pharmaceutical & healthcare treatment,
and others. The water treatment segment held the largest activated carbon
market share in 2022 as the product is widely used in water treatment
applications to eliminate organic compounds and toxic substances.
Withrespect to region, the market covers North America, Europe, Asia Pacific, Latin
America, and the Middle East & Africa.
Report Coverage:
The report studies the market in detail and underlinescritical aspects, such as key product types, applications, and top market
players. The report also offers valuable insights into the market’s drivers,
trends, and prominent industry developments. Besides the abovementioned
factors, the report also lists other factors that have helped the market grow.
Drivers and Restraints:
Growing Adoption of Air PurificationSystems to Accelerate Market Growth
Airpollution is becoming a major cause of concern globally as it is one of the
primary causes of many severe health problems. Individuals in residential areas
are suffering from breathing difficulties due to the lack of clean air.
However,rising prices of raw materials to make activated charcoal and their shortage may
impede activated carbon market growth.
Regional Insights:
Asia Pacific Dominates Due to Presenceof Major Active Carbon Consuming Countries
AsiaPacific dominated the global market in 2022 and might retain its dominance
during the forecast period as region has two major active carbon consuming countries
– India and China. These countries are using this type of carbon in water
treatment applications to cater to the growing need for safe and potable water.
