Activated Carbon Industry Report by Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices

The global Activated Carbon market reached a value of about USD 4.18 billion in 2021. The industry is projected to grow at a CAGR of around 6.9% in the forecast period of 2022-2027 to reach a value of about USD 5.84 billion by 2027.

The global Activated Carbon industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The market is being driven by the extensive application of the product in wastewater treatment.  In the industry report, the key demand indicator is the highest category spender by region—Asia Pacific.

Industry Definition and Segmentation

Activated carbon or activated charcoal is a kind of carbon widely used to remove impurities from water and the air, among other things. It is treated (activated) to produce tiny, low-volume holes, which enhance the surface area accessible for adsorption or chemical reactions. It is employed in various applications, including municipal drinking water, food, and beverage processing, odour elimination, and industrial pollution management; activated carbon is used to filter liquids and gases. The carbon's high surface area is due to its graphite structure, which allows it to absorb a broad spectrum of chemicals. The Activated Carbon industry report comprises segments by type (P.A.C., G.A.C.), end-use (Water Treatment, Air Treatment, Gold Treatment, Respirators, Solvency Recovery, Others), and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific region holds the largest share in the market owing to the wide availability of labour and raw materials. Furthermore, the growing technological advancement in the sector is furthering the market's potential. The countries China and Japan are significant consumers of the market.

The industry is being driven by the rising demand for the product in water filtration and air purification. It plays a crucial role in absorbing pollutants from the water, and it can also get rid of chlorine from the water. The compound can also be utilised for air treatment, gold treatment, respirators, and solvency recovery, giving the industry a significant thrust. It absorbs micro-pollutants like chlorine, methane, and other organic molecules from the air. The stringent regulatory policies for the environment boost the demand for the product. Moreover, policy programmes to promote the frameworks for water treatment, etc., are furthering the product's market.

However, the activated charcoal in meals can cause vitamin absorption problems, medication absorption problems, and gastrointestinal adverse effects. The following factors are likely to hamper the market's expansion.

Best Procurement Practices

The global Activated Carbon industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Activated Carbon regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

There are two ways to synthesise activated carbon: the more efficient method produces higher quality and purer activated carbon. Activated carbon is created by placing it in a tank without oxygen and heating it to temperatures between 600 and 900 degrees Celsius. The carbon is then subjected to various chemicals, most often argon and nitrogen, before being put in a tank and superheated between 600 and 1200 degrees Celsius. When the carbon is placed in the heat tank for the second time, it is exposed to steam and oxygen. A pore structure is formed due to this process, and the carbon's functional surface area is considerably increased.

The Growing Applications of the Product, Further Augmenting the Procurement of Activated Carbon

The product is also employed in the pharmaceutical sector to absorb the impurifications in synthetic drugs. Carbon activation is used to monitor emissions, reduce V.O.C.s (volatile organic compounds), and enhance cabin air quality in the automobile industry. In the food and beverage sector, activated carbon removes contaminants and decolourise food components. Activated carbon has been used to remove the colour from food, oils, pharmaceuticals, and chemical goods. It's an excellent way to get rid of coloured impurities from the finished product. In addition, research and development efforts are progressively concentrated on synthesising activated carbons obtained from low-cost sources, with the use of expensive commercial activated carbons gradually being phased out. Furthermore, the use of activated carbon to treat wastewater has gotten a lot of attention since technological improvements are helping to lower the cost of producing activated carbon while also lowering the cost of disposing of bio-waste. During the research period, the increased demand for activated carbon in the treatment of different pollutants, including ions, dyes, and various organic contaminants, is predicted to boost the activated carbon market's overall growth significantly.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Activated Carbon Industry Report

• Kuraray Europe GmbH
• Oxbow Coal Ltd.
• HayCarb Pvt. Ltd.
• Indo German Carbons Limited
• S.I.C.A.V. Spa
• Shinkwang Chem. Ind. Co., Ltd
• Century Chemical Works Sdn. Bhd

Market Landscape

The majority of big players choose expansion as their primary business strategy, and business expansion accounts for over 45 percent of the tactics used by significant companies in this industry. Other primary methods used by leading competitors to stay competitive in the activated carbon market include agreements and partnerships, acquisitions and mergers, product launches, and joint ventures. Rising demand has prompted several businesses to enter the market, and many more are currently looking for methods to do so. With developments in reactivation, more organisations are attempting to capitalise on the prospects and are developing strategies to enter the reactivation sector, such as providing on-site services. The corporations are substantially spending R&D efforts to create new goods and capitalise on attractive niche market prospects.

Key Initiatives by Companies

• In March 2021, I.V.E.R.N.A., a global provider of urban sanitation solutions, announced "SUGAR POD PRO," an improved version of their current activated carbon filter. This innovative product's primary purpose is to reduce the unpleasant impacts of smells from sewage pumping stations, inspection chambers, and septic tanks.
• Ingevity Corporation, a speciality chemical manufacturer, said in February 2021 that it had increased its activated carbon production capacity by implementing major equipment and debottlenecking changes at its Zhuhai site, which were completed and validated in late December. The Zhuhai facility is dedicated to producing activated carbon and cutting-edge automotive applications.