Carbon Insights The global activated carbon market size was...

Carbon Insights

The global activated carbon market size was estimated at USD 4.72 billion in 2018. It is expected to expand at a CAGR of 17.5% during the forecast period. Increasing demand for water treatment and sewage treatment applications is expected to be a key growth driver.
Activated carbon, also known as activated charcoal is characterized by the presence of a large number of tiny pores on its surface. Higher the number of pores, larger will be the surface area, which increases the adsorption capacity of the element. Among all end uses, it is widely used in potable water purification and sewage treatment plants. Recent technological advancements in manufacturing are expected to further fuel the growth.

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Various forms of the product are manufactured using raw material such as wood, peat, coconut shell charcoal, wood chips, petroleum pitch, phenolic resin, and viscose rayon. The use of a high quantity of raw material during the manufacturing process produces high carbon yield. Manufacturers are worried about the quality of raw material as it has a direct impact on the performance of end product. The high supply-demand gap has considerably increased the price of raw material.
Activated carbon is extensively used in water and sewage treatment owing to its ability to remove particulate and dissolved impurities. It also eliminates certain organic impurities and removes chlorine from water. It is used in greenhouses and manufacturing industries for air purification and to remove toxic gases, odors, and harmful dust particles. Food and beverage processing, pharmaceutical & medical, and automotive industries are other application areas for the product.
The rising level of air and water pollution have governments across the globe to impose strict air and water pollution control and waste treatment norms. The United States Environmental Protection Agency (EPA) and government regulatory agencies have recommended activated carbon as the best available material for removing chemical impurities such as mercury.
Product Insights

On the basis of product type, the activated carbon market is categorized into powdered, granular, and others. The other segment is further divided into pelletized, extruded, acid washed, bead activated, and impregnated among others. The powdered form is the most common and widely used variety that finds application in automotive, pharmaceutical and medical, and food and beverage processing, owing to its unique pore structure and high adsorption capacity. In 2018, Powdered Activated Carbon (PAC) accounted for more than 60% by volume of total product manufactured in the world. Rising demand and stringent environmental regulations are expected to play a critical role in driving the growth.
Granular Activated Carbon (GAC) is generally manufactured from carbon-rich organic raw materials, such as coal and coconut shell charcoal. GAC has regenerating properties that make it very popular. However, the iodine number of regenerated activated carbon reduces after regeneration. GAC is heavily used in air treatment and municipal water treatment plants, especially in mercury and chlorine removal process.
Growing applications in industries such as food and beverage processing and pharmaceutical and medical are projected to aid the market growth in the near future. Applications in the automotive industry are expected to witness a brisk growth over the forecast period and are presumed to assist the growth over the next six years. Increasing population and disposable income, particularly in the developing regions such as Asia Pacific and Latin America are expected to drive the market over the forecast period.
Application Insights

Gas-phase application has crossed liquid phase application in terms of market share with increasing consumption into the air conditioner, gas mask, sewage, and human waste treatment, desulphurization, and purification of factory effluent gases. Asia Pacific led this market over the recent years and is projected to continue this dominance over the forecast period.
The rising demand for the product in air purification applications from domestic as well as commercial users is expected to offer ample growth opportunities in the forthcoming years. Gas-phase application is anticipated to reach USD 5.82 billion in terms of revenue and lead the market during the forecast period.