Commodities

Activated Carbon Market to Reach $8.4 Billion by 2030

Published March 11, 2024

The global market for activated carbon is projected to expand significantly, with its valuation expected to hit the $8.4 billion mark by the year 2030. This growth trajectory is a reflection of the increasing demand for purification solutions across various industry verticals. Activated carbon, a material renowned for its high porosity and adsorption capabilities, is critical in processes such as decontamination and purification.

Diverse Applications Spurring Growth

Activated carbon comes in several forms, including Powdered Activated Carbon (PAC) and Granular Activated Carbon (GAC), each servicing different needs. Its application spans both liquid and gas phase processes, which underscores its versatility. Industries ranging from water treatment to air purification leverage the benefits of activated carbon to meet stringent regulatory standards and achieve greater environmental responsibility.

End-User Industries and Raw Material Insight

With end-use industries such as pharmaceutical, food & beverage, and industrial manufacturing pushing for purer inputs and environments, the dependency on activated carbon grows. The source of raw material for activated carbon diversifies the market further into coal, coconut shell, wood, and peat-based types, each offering unique adsorption properties suited to specific applications.

Regional Market Dynamics

Although the report covers the global marketplace, it also points to geographic segmentation, highlighting how regional market dynamics shape the demand and supply of activated carbon. As environmental regulations tighten and industrial sectors burgeon, the growth of the activated carbon market is expected to be particularly pronounced in regions with high industrial activity.

investment, growth, market