Autumn Market Research projects that the global market for activated carbon is estimated to reach about $6.4 billion by 2024, growing at a CAGR of about 10% over the forecast period (2019-2024). The growing applications across various end-use industries is driving the demand for activated carbon globally. Activated carbon is the major adsorbent in global adsorbent market occupying more than two-third of the volume market share due to its high adsorption capacity and large surface area.
Over the years, activated carbon has become the preferred option for use in potable water purification, waste water treatment, aquariums, swimming pools and sewage water treatment as well as air and gas filtration.
The study outlines the market structure and offers in-depth analysis of the activated carbon market by types (Powdered, Granular, and Others), phases (Liquid and Gas), raw materials (Coal, Coconut Shell, and Others), applications in various end-use industries (Water Treatment, Air and Gas Treatment, Food and Beverage, Pharmaceuticals, Automotive, Metal Recovery, and Others), and regions (North America, Europe, Asia-Pacific, South America, and ROW). The study also provides the market data for various applications in each end-use industry as well as competitive landscape of the market, along with economic, industry- and region-specific, and technological trends driving the activated carbon market over the forecast period.