The activated carbon market size was US$ 5.7 billion in 2021. The global activated carbon market is forecast to grow to US$ 12.9 billion by 2030, registering a compound annual growth rate (CAGR) of 9.9% during the forecast period from 2022 to 2030.

Factors Influencing the Market

Activated carbon is used for water decontamination and sewage water treatment. Thus, the increasing demand for waste-water treatment is likely to benefit the global activated carbon market during the study period.
The increasing demand for reactivated carbon is forecast to maximize the profits of the industry players in the coming years.
Growing industrialization along with product launches are creating major investment opportunities for the activated carbon market.
In addition, government laws related to the extraction of mercury from natural gas production units are likely to propel the activated carbon market forward.
The high cost associated with activated carbon may limit the growth of the market.
COVID-19 Impact Analysis

The ongoing COVID-19 pandemic is having a moderate impact on the global activated carbon market. Activated carbon is in high demand as they are used to manufacture activated carbon filter masks. In addition, the rising demand for personal protective equipment is driving the growth of the industry. Carbon filters in masks appear to have increasingly important as they strengthen lung capacity and respiratory muscles. Thus, the demand for activated carbon is increasing and will increase in the coming years.

Regional Analysis

North America is forecast to hold the highest share in the global activated carbon market. The growth of the region is attributed to the rising urbanization and increasing demand for decontaminated water. In addition, increasing industrialization in Asia-Pacific is expected to fuel the growth of the overall activated carbon market during the forecast period.

Competitors in the Market

ADA-ES Inc.
Albemarle Corp.
Arkema group
Cabot Corporation
Calgon Carbon Corporation
Carbon Activated Corporation
Carbon Resources LLC
Carbotech
Clarinex Group
Evoqua Water Technologies LLC
Haycarb PLC
Indo German Carbons Ltd.
Jacobi Carbons AB
Kuraray Co. Ltd
Kureha Corporation
MeadWestvaco Corporation
Ningxia Huahui Activated Carbon Company Ltd.
Osaka Gas Chemical Co. Ltd.
Oxbow Corporation
Siemens Water Technologies Corp.
Other Prominent Players
Market Segmentation

The global activated carbon market segmentation focuses on Type, Application, End-Use, and Region.

The activated carbon market has been segmented based on type

Powdered Activated Carbon
Granular Activated Carbon
Others (Pelletized Activated Carbon)
The activated carbon market has been segmented based on application -

Liquid Phase
Gaseous Phase
Metal Extraction
Others (Medicine)
The activated carbon market has been segmented based on end-use -

Water Treatment
Food & Beverage Processing
Pharmaceutical & Medical
Automotive
Others
The activated carbon market has been segmented based on region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America