The global activated carbon market is expected to exhibit a strong 8.14% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global activated carbon market is mainly driven by the growing demand for environmental preservation and protection from industrial pollutants. The report presents an overarching overview of the global activated carbon market by providing detailed information about the market’s historical growth trajectory and using this information to provide pointers as to the likely growth trajectory of the market over the forecast period. Major drivers and restraints affecting the global activated carbon market are also profiled in the report.
Activated carbon is a carbonaceous material with a highly porous structure, giving it a high internal surface area. This allows it to soak up substances that may be hard to remove by other physical means. These substances include industrial emissions, heavy metals, and more. This has made the activated carbon market vital for the global industrial sector, as awareness about the adverse impact of industrial pollutants has grown rapidly over the last few years. Governmental bodies are also pursuing this topic with urgency, as public outcry about toxic industrial pollutants is increasing, giving governments an incentive to act. The increasing legislation of laws forcing companies to take actions to make sure their emissions are not a threat to the ecosystem is likely to be a major driver for the global activated carbon market.
The increasing use of activated carbon in water treatment operations is likely to be a major driver for the activated carbon market. Activated carbon is highly useful in clearing rivers and other natural water bodies of mercury and other heavy metals, leading to its widespread usage in water treatment applications. The increasing demand for activated carbon in municipal water treatment plants is likely to be a major driver for the activated carbon market over the forecast period.
Activated Carbon Market Competitive Analysis:
Leading players in the global activated carbon market include Lenntech BV, Prominent Systems Inc., Silcarbon Aktivkohle GmbH, Oxbow Activated Carbon, DESOTEC Activated Carbon, Donau Carbon GmbH, Kureha Corporation, Haycarb Pvt. Ltd., Kuraray Co. Ltd., Osaka Gas Chemicals Co. Ltd., and Cabot Corporation. Acquisition and merger activities between small and large activated carbon market players are likely to be a constant feature in the global market over the forecast period. Regional as well as technological expansion can be achieved efficiently through acquisitions, which has resulted in numerous players in the activated carbon relying on acquisitions to expand their business.
In August 2019, a research team at the U.S. Army Corps of Engineers developed a new technique for clearing heavy metals and toxic chemicals from polluted underwater sediments using activated carbon.
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Activated Carbon Market Segmentation:
The global activated carbon market is segmented on the basis of type, application, and region.
By type, the global activated carbon market is segmented into powdered activated carbon, granular activated carbon, extruded activated carbon, and others. The powdered activated carbon segment held a dominant share of 53% in the global market in 2017 and is likely to remain the dominant segment over the forecast period due to the widespread use of powdered activated carbon, due to its higher surface area and, consequently, higher efficacy in clearing toxic elements.
By application, the market is segmented into water purification, air purification, food and beverages, pharmaceuticals, industrial chemicals, automotive, metal extraction, catalyst, and others. The water purification segment holds a dominant 36% share in the global activated carbon market.
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Regional Analysis:
Asia Pacific accounted for a whopping 45% of the global activated carbon market in 2017. The growing industrial activities in emerging economies such as China, India, Indonesia, and Japan are likely to be a major driver for the global activated carbon market over the forecast period. The power sector in these countries is likely to remain a major consumer of activated carbon over the coming years.
North America accounts for the second largest share in the global activated carbon market, followed by Europe.

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