Report Id: SNS/C&M/2265 | July 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Activated Carbon Market Size was valued at USD 6.79 billion in 2022, and is expected to reach USD 13.75 billion by 2030, and grow at a CAGR of 9.2% over the forecast period 2023-2030.
Activated Carbon is made of carbon and has a very porous structure and a large internal surface area. It is made up of about 85–90% carbon and other things, depending on the raw materials used and how it is made. Because the product is porous, it can absorb different substances from liquids and gases. It can be used to remove toxic gases and elements from industrial waste effluents, flue gas, natural gas, and other sources. The main things that the product is used for are gas purification, gold purification, metal extraction, decaffeination, air filtration units, and pharmaceuticals.
More people want wastewater to be cleaned up.
More and more applications for activated carbon in water treatment.
Activated carbon is being used more and more to stop pollution.
Disadvantages of activated carbon as a filter.
Changes in the prices of raw materials.
Activated carbon prices are going up because of a lack of raw materials.
The product's popularity in smart electronics is on the rise.
Reactivated carbon will give companies that make activated carbon money-making chances.
Applications for Activated Carbon in Acoustics
Availability of substitutes.
Weak economic conditions have led to slow growth in industry.
Alternatives to commercial activated carbon that don't cost as much
Impact of Covid-19:
The COVID-19 pandemic had a huge effect on the activated carbon market in 2020, causing its CAGR to drop by a large amount. In 2020, safety and government orders at the federal and state levels had a big impact on the companies that made and sold activated carbon. Most businesses have been hurt by the COVID-19 pandemic. Manufacturers of activated carbon had trouble in 2020 because of rules about closing down businesses, limiting what local and state government offices could do, and keeping people apart. Demand for activated carbon went down in many industries that use it. The pandemic also led to less money being put into the water sector around the world.
Oxbow Activated Carbon LLC., Osaka Gas Chemical Co. Ltd., Calgon Carbon Corporation, Evoqua Water Technologies LLC, Cabot Corporation, Siemens Water Technologies Corp., Carbon Resources LLC, Kuraray Co. Ltd, Carbo Tech AC GmbH, Silcarbon Aktivkohle GmbH, Jacobi Carbons AB
Powdered Activated Carbon
Granulated Activated Carbon
Liquid Phase Applications
Food & Beverages
Pharmaceutical & Medical
Gas Phase Applications
Flue Gas Cleaning
The global Activated Carbon Market is split into Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa based on where they are. During the assessment period, the Asia-Pacific region is expected to lead the growth of the global market. Due to a lack of water, the industrial sector in the area needs more and more water to be cleaned and reused. This will likely increase demand for the product in the coming years. North America had the second-largest share of the market in 2020, at 20.14 percent, and is expected to have a moderate CAGR over the next few years. Also, Europe is expected to have the fastest growth over the next few years. During the forecast period, Latin America and the Middle East and Africa are also expected to offer good opportunities.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 6.79 Billion|
|Market Size by 2030||US$ 13.75 Billion|
|CAGR||CAGR of 9.2% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Powdered Activated Carbon, Granulated Activated Carbon, Others (Pellet Shaped, Bead Shaped, and so on))
• By Application (Liquid Phase Applications, Gas Phase Applications)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Oxbow Activated Carbon LLC., Osaka Gas Chemical Co. Ltd., Calgon Carbon Corporation, Evoqua Water Technologies LLC, Cabot Corporation, Siemens Water Technologies Corp., Carbon Resources LLC, Kuraray Co. Ltd, Carbo Tech AC GmbH, Silcarbon Aktivkohle GmbH, Jacobi Carbons AB|
|DRIVERS||• More people want wastewater to be cleaned up.
• More and more applications for activated carbon in water treatment.
• Activated carbon is being used more and more to stop pollution.
|Restraints||• Disadvantages of activated carbon as a filter.
• Changes in the prices of raw materials.
• Activated carbon prices are going up because of a lack of raw materials.
Frequently Asked Questions (FAQ) :
Ans: Primary or secondary type of research done by this reports.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Oxbow Activated Carbon LLC., Osaka Gas Chemical Co. Ltd., Calgon Carbon Corporation, Evoqua Water Technologies LLC, Cabot Corporation, Siemens Water Technologies Corp., Carbon Resources LLC, Kuraray Co. Ltd, Carbo Tech AC GmbH, Silcarbon Aktivkohle GmbH, Jacobi Carbons AB are the major key players of Activated Carbon Market.
Ans: More people want wastewater to be cleaned up, More and more applications for activated carbon in water treatment and Activated carbon is being used more and more to stop pollution are the drivers for Activated Carbon Market.
Ans: Activated Carbon Market Size was valued at USD 6.22 billion in 2021, and expected to reach USD 11.52 billion by 2028, and grow at a CAGR of 9.2 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Activated Carbon Market Segment, By Type
8.1 Powdered Activated Carbon
8.2 Granulated Activated Carbon
8.3 Others (Pellet Shaped, Bead Shaped, and so on)
9.Activated Carbon Market Segment, By Application
9.1 Liquid Phase Applications
9.1.1 Water Treatment
9.1.2 Food & Beverages
9.1.3 Pharmaceutical & Medical
9.2 Gas Phase Applications
9.2.3 Air Purification
9.2.4 Flue Gas Cleaning
9.2.5 Mercury Control
9.2.6 Solvent Recovery
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profile
11.1 Oxbow Activated Carbon LLC.
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Osaka Gas Chemical Co. Ltd.
11.3 Calgon Carbon Corporation
11.4 Evoqua Water Technologies LLC
11.5 Cabot Corporation
11.6 Siemens Water Technologies Corp.
11.7 Carbon Resources LLC
11.8 Kuraray Co. Ltd
11.9 Carbo Tech AC GmbH
11.10 Silcarbon Aktivkohle GmbH
11.11 Jacobi Carbons AB
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.