Activated Charcoal Market By Product Type (Powdered Activated Charcoal, Granular Activated Charcoal, Extruded Activated Charcoal), By Application (Liquid Phase Application, Gas Phase Application) : Growth, Share, Opportunities & Competitive Analysis, 2019 - 2027

Implementation of regulatory standards will spur the market revenue growth.

The global activated charcoal market accounted for US$ 4.64 Bn in 2018 and is anticipated to grow to US$ 11.12 Bn at a CAGR of 10.3% throughout the forecast period from 2019 to 2027. The market size in terms of volume was 2,339.61 metric tons (in 000's) in 2018 and is projected to reach 5714.88 metric tons (in 000s) by 2027, growing at a CAGR of 10.5%. 

Global sustainability trends are bolstering the demand for air and water purification and eco-friendly process alternatives. Activated charcoal is a highly porous and high surface area adsorptive material with a large nebulous structure. Activated charcoal sorbents are custom-made for specific applications based on pore size and volume requirements. As a result, activated charcoal plays a major role in applications throughout the chemical process industry, including potable water purification, sewage treatment plants, and adsorbed gas storage. 

In addition, the rising adoption of activated charcoal in the food and beverages industry, increasing investment flow, and new applications in the mining industry are driving the growth of the activated charcoal market globally. In developed countries, the demand for activated charcoal is largely influenced by regulatory standards implemented by governments. For instance, The U.S. Environmental Protection Agency has introduced Mercury and Air Toxics Standards for mercury removal applications in the U.S. expected to drive the demand for the activated charcoal market.

Market Synopsis

Product Type Analysis

Granular activated charcoal segment to register maximum growth throughout the forecast period

Based on product type, the activated charcoal market is segmented into three types: powdered activated charcoal, granular activated charcoal, and extruded activated charcoal. The powdered activated charcoal segment accounted for more than 40% of the revenue share of the global activated charcoal market. This is due to the powdered form having high adsorption capacity and is widely used in applications including automotive, Healthcare, and food and beverages, among others. In addition, powdered activated charcoal is globally produced in large volumes accounting for more than 50% of total production.

In contrast, granular activated charcoal is set to record the fastest growth during the forecast period. Owing to the adoption of granular charcoal for air purification and water treatment, especially in removing chlorine and mercury. For instance, the U.S. has stringent regulations for mercury removal. Therefore, activated charcoal is injected into removing mercury from cement plants, coal-fired power plants, and solid waste incinerators, among others in the region.

Application Analysis

Gas Phase segment expected to be dominant during the forecast period

Based on application, the global activated charcoal market is segmented into Liquid phase and gas phases which are further segmented into a liquid phase (water treatment, food & beverage processing, Healthcare, others (mining)), gas phase (air purification, industrial, automotive, others (oil & gas)). The water treatment segment accounts for more than 35% of the market share in liquid phase application and is expected to remain dominant throughout the forecast period. This can be associated with the standards set by various government agencies for the purification of water, especially in countries such as the U.S. and China.

Additionally, Gas phase application dominates the activated charcoal market. This is due to the rising adoption of air conditioning, gas masks, and purification factory effluent gases, among others. Furthermore, rising pollution levels in urban areas and CO2 emissions from automobiles are also some of the factors driving the demand for the gas purification segment. Thus driving the growth of the activated charcoal market.

Regional Analysis

Rising environmental concerns to bolster the growth in the Asia Pacific region

In 2018, Asia Pacific was leading the activated charcoal market and was the largest revenue-contributing region, with a market share of more than 30%. The Asia Pacific is estimated to lead during the forecast period, followed by North America. This is due to the rising mercury emissions due to increased power generation in developing nations such as China, India, and Japan. Coal is the major source of electricity coupled with rising environmental regulations due to increased levels of emissions in these nations are driving the growth of the activated charcoal market in the region.

In contrast, the North American region is the second largest region after the Asia Pacific. The region is expected to register moderate growth. This is due to growing environmental concerns and stringent regulations and standards set by governments to protect the environment in the region. 

List of Companies Covered:

  • Cabot Corporation
  • Kuraray Co. Ltd
  • ADA Carbon Solutions
  • Osaka Gas Co.
  • Calgon Carbon Corporation
  • Thomas Net
  • Thermax Group
  • Haycarb Plc
  • Donau Carbon GmbH 

Key Industry Development: 

  • In December 2018, Advanced Emissions Solutions Inc. announced the acquisition of ADA Carbon Solutions, LLC. Advanced Emissions Solutions Inc. will gain a significant market share in the activated charcoal and emission control market with this acquisition.
  • In April 2018, the New York state department of environmental conservation appointed Cabot Corporation as its new supplier for granular activated carbon for the removal of perfluorooctanoic acid contamination. 

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Segmentation Product Type Segment (2017–2027; US$ Bn)

  • Powdered Activated Charcoal
  • Granular Activated Charcoal
  • Extruded Activated Charcoal

 Application Segment (2017–2027; US$ Bn)

Liquid Phase Application

  • Water Treatment
  • Food & Beverage Processing
  • Healthcare
  • Others (Mining)

Gas Phase Application

  • Air Purification
  • Industrial
  • Automotive
  • Others (Oil & Gas)

 Geography Segment (2017–2027; US$ Bn)

  • North America (U.S. and Rest of North America)
  • Europe (U.K., Germany, France, and Rest of Europe)
  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to understand the overall activated charcoal market better. In addition, the global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.

Frequently Asked Questions

The market for Activated Charcoal is expected to reach US$ 2.82 Bn in 2027.

The Activated Charcoal market is expected to see significant CAGR growth over the coming years, at 7.2%.

The report is forcasted from 2019-2027.

The base year of this report is 2018.

Cabot Corporation, JACOBI CARBONS GROUP, Kuraray Co. Ltd, ADA Carbon Solutions, Osaka Gas Co., Calgon Carbon Corporation, Thomas Net, Thermax Group, Haycarb Plc are some of the major players in the global market.

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Published Date:  Jan 2020
Category:  Mining, Minerals and Metals
Report ID:   60150
Report Format:   PDF
Pages:   120
Rating:    4.1 (49)
Delivery Time: 24 Hours to 48 Hours   
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