Global Activated Carbon Market to be dominated by utilization of activated carbon for air purification through 2028
Growing applications of activated carbon in
automotive industry are the major drivers for the Global Activated Carbon Market.
According to TechSci Research
report, “Activated Carbon Market –Global Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-2028”, Global Activated Carbon Market has
valued at USD 7.68 billion in 2022 and is anticipated to project robust growth
in the forecast period with a CAGR of 7.51% through 2028. This can be ascribed to
collaborations and partnerships among leading companies with a diverse approach
to merge the expertise of individual companies and to strengthen their position
in the market.
Activated carbon, also
known as activated charcoal, has emerged as a key driver in this market, owing
to its exceptional adsorption properties and effectiveness in removing airborne
pollutants. Activated carbon is widely used in air purification systems to
remove volatile organic compounds (VOCs), odors, and harmful gases from indoor
environments. The activated carbon filters, commonly integrated into air
purifiers, work by adsorbing and trapping pollutants within their porous
structure. This process effectively improves indoor air quality and promotes
healthier living spaces. With growing awareness about the adverse effects of
indoor air pollution on human health, the demand for effective air purification
solutions has surged. Activated carbon filters have gained popularity due to
their ability to capture and neutralize a wide range of pollutants, including
chemicals, allergens, and odors, thereby driving the demand for activated
carbon in the global market. The rapid urbanization and industrial development
witnessed globally have led to increased pollution levels, both outdoors and
indoors. As a result, there is a rising need for air purification systems that
can combat pollutants in residential, commercial, and industrial settings.
Activated carbon's efficiency in capturing gases and chemicals makes it an
ideal choice for air purification, further propelling market growth. Activated
carbon finds extensive use in the automotive industry due to its exceptional
adsorption capabilities, high surface area, and porous structure.
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It is commonly employed in various automotive
components and systems for pollution control, odor removal, and enhanced air
purification. As air quality becomes a paramount concern in vehicles, cabin air
filtration systems play a crucial role in providing occupants with clean and
fresh air. Activated carbon filters are integrated into these systems to
effectively trap and remove harmful gases, odors, and particulate matter,
improving the overall air quality inside the vehicle. The growing demand for
cleaner air in vehicles has propelled the use of activated carbon in cabin air
filtration systems, thereby driving the global activated carbon market.
Activated carbon is also utilized in vapor emission control systems, commonly
known as canister systems. These systems capture and store harmful fuel vapors
from the vehicle's fuel tank, preventing their release into the atmosphere.
Activated carbon acts as an adsorbent material within these canisters,
effectively trapping and neutralizing volatile organic compounds (VOCs) and
hydrocarbons. The increasing emphasis on reducing vehicle emissions and
complying with stricter environmental regulations has led to a surge in the
demand for activated carbon-based vapor emission control systems, further
contributing to the growth of the global activated carbon market. Collaboration
and partnerships are essential for promoting sustainability and circular
economy practices within the activated carbon industry. By working together,
companies can explore opportunities to optimize raw material usage, minimize
waste generation, and improve resource efficiency. Collaborative initiatives
focusing on recycling, waste valorization, and product life cycle assessments
contribute to a more sustainable and environmentally responsible activated
carbon value chain. A recent collaboration based on activated carbon involves
the startup Noya, which secured $11 million in funding from USV and Collab
Fund. Noya specializes in creating a "Brita-filter" for the air that
utilizes activated carbon to filter out carbon molecules from the air. Another
example of collaboration in the activated carbon industry is CN Energy, which
established its U.S. headquarters to expand its biochar and wood-based activated
carbon businesses in global markets. This move indicates a strategic
partnership to leverage expertise and resources to penetrate new markets. However, fluctuations in
prices of raw materials and stringent environmental regulations are expected to
slow down the growth of the market in the coming years.
Global Activated
Carbon Market segmentation is based on Type, Raw Material, End User, By Company,
and Region
Some of the major
companies operating in the Global Activated Carbon Market include:
- Calgon Carbon
Corporation
- Cabot Corporation (CBT)
- Kuraray Co., Ltd.
- CarboTech AC GmbH
- ADA Carbon Solutions,
LLC
- Indo German Carbons
Limited
- Oxbow Activated Carbon
LLC
- Donau Chemie AG
- CECA SA
- Hayleys PLC
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“Certain regions,
particularly the Asia Pacific, are projected to exert significant demand for activated
carbon worldwide. The growth in the competitive landscape and the presence of
well-established companies in the market, committed to enhancing their activated
carbon productivity each year, are expected to contribute to a remarkable
growth of the Global Activated Carbon Market in the forecast period," said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
Global management consulting firm.
Global Activated Carbon Market By Type (Powdered,
Granular, Others), By Raw Material (Wood, Coconut Shells, Coal, and Others), By
End User (Water Treatment, Food & Beverage, Pharmaceutical, Automotive, Air
Purification, Others), By Region, By Competition Forecast
& Opportunities, 2018-2028F has evaluated the future growth potential of Global
Activated Carbon Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide innovative
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Activated Carbon
Market.
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