The global activated carbon market size is expected to reach USD 9.03 Billion by 2032, according to a new study by Polaris Market Research. The report “Activated Carbon Market Share, Size, Trends, Industry Analysis Report, By Product Type (Granular, Powdered, Others); By Application; By Raw Material; By End-Use; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The activated carbon industry is expected to witness substantial growth in the near future due to the rising demand from various end-use sectors such as water treatment, air purification, and food and beverage processing. The market's expansion is also anticipated to be driven by the increasing awareness of environmental pollution and the need for efficient wastewater treatment solutions. Furthermore, the use of activated carbon in the production of energy storage devices, such as batteries and supercapacitors, is expected to boost the market's growth further.
Despite the market's potential for growth, several factors impede its progress, including the high cost of the raw materials used in its production. The availability of alternative technologies, such as membrane filtration and ion exchange resins, poses a threat to the market's growth. Additionally, the pandemic-like situation has negatively impacted the market, causing disruptions in supply chains and decreased demand from some end-use sectors..
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The activated carbon market is witnessing significant growth owing to the increasing demand for air purification devices. With growing awareness regarding the harmful effects of air pollution, people are increasingly seeking ways to improve indoor air quality. Activated carbon is a crucial element in many air purification systems due to its highly effective adsorption properties, which enable it to remove impurities and contaminants from the air. In order to maintain a competitive edge in the market, businesses engage in various activities such as research and development, production, marketing, and sales.
Activated Carbon Market Report Highlights
Polaris Market Research has segmented the activated carbon market report based on product type, application, raw material, end-use, and region:
Activated Carbon, Product Type Outlook (Revenue - USD Billion, Volume - Kilotons, 2019 - 2032)
Activated Carbon, Application Outlook (Revenue - USD Billion, Volume - Kilotons, 2019 - 2032)
Activated Carbon, Raw Material Outlook (Revenue - USD Billion, Volume - Kilotons, 2019 - 2032)
Activated Carbon, End-Use Outlook (Revenue - USD Billion, Volume - Kilotons, 2019 - 2032)
Activated Carbon, Regional Outlook (Revenue - USD Billion, Volume - Kilotons, 2019 - 2032)
Report Attributes |
Details |
Market size value in 2024 |
USD 4.49 Billion |
Revenue Forecast in 2032 |
USD 9.03 Billion |
CAGR |
9.1% from 2024 – 2032 |
Base year |
2023 |
Historical data |
2019 – 2022 |
Forecast period |
2024 – 2032 |
Quantitative units |
Revenue in USD Billion and CAGR from 2024 to 2032 |
Segments Covered |
By Type, By Application, By Raw Material, By End-User, By Region |
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
Customization |
Report customization as per your requirements concerning countries, regions, and segmentation. |
For Specific Research Requirements |