Global Activated Carbon Market Demand & Forecast Analysis, 2016-2032

Activated carbon is produced from carbonaceous source materials, such as coal, coconuts, nutshells, peat, wood and lignite by thermal decomposition under controlled pressure and temperature. Activated carbon has large surface area with microscopic pore where adsorption takes place; therefore, it can be used for purification in various chemical processes. The major forms of Activated carbon are granular, powdered, extruded and fibre. Activated carbon is used in applications such as water treatment, air & gas purification, food processing and also during production of capacitors & batteries. Water treatment accounts for the major share accounting for 40% of the total demand followed by air & gas purification and food processing.

Environmental regulations imposed by many countries on water and air pollution across the world are a major driving factor for activated carbon market. Regionally, North America holds the major global market share, due to stringent regulations imposed in countries like U.S. on industrial waste processing. U.S Environmental agency (US EPA), Canada and the European Union has set their standards on mercury emission. Developing economies like China and India shows rapid growth in activated carbon market due to the rapid industrialization and government regulations. Owing to the increased demand in Asia-Pacific and Europe, new plants are being set up in China and other parts of the world. Global Activated carbon market is estimated to grow at a CAGR of about 3-4% in the long-term forecast till 2025.