Dublin, Nov. 09, 2023 (GLOBE NEWSWIRE) -- The "Activated Carbon Market Forecast to 2028 - Global Analysis by Type and Application" report has been added to ResearchAndMarkets.com's offering.
The activated carbon market size is expected to grow from US$ 3,845.46 million in 2022 to US$ 6,081.05 million by 2028; it is estimated to record a CAGR of 8.2% from 2023 to 2028. 
Based on type, the global activated carbon market is segmented into granular/extruded, powdered, honeycombs, impregnated, and reactivated. The powdered segment held the largest market share in 2022. The granular/extruded segment is estimated to register the highest CAGR in the global activated carbon market during the forecast period. Granular activated carbon is utilized in gas and liquid phases for deodorization applications to eliminate natural organic matter, volatile organic compounds, and contaminants.
Granular activated carbon is increasingly used owing to its properties such as structural strength, regeneration characteristics, and clean handling, as well as the feasible recovery of spent activated carbon. The gas & air segment is estimated to register the highest CAGR in the global activated carbon market during the forecast period. Activated carbon is highly used for industrial air treatment in petrochemical plants, landfill sites, manufacturing operations, and chemical processing facilities to filter hazardous pollutants such as volatile organic compounds.
Based on application, the global activated carbon market is segmented into gas & air, automotive, catalyst, chemicals, food & beverage, mining, pharmaceuticals, water treatment, and others. The water treatment segment held the largest market share in 2022. Activated carbon is extensively used in the tertiary treatment of wastewater and various stages of wastewater treatment. Wastewater is tested and treated for various parameters such as chemical oxygen demand (COD), toxins, total organic carbon, biological oxygen demand (BOD), hydrocarbons, pesticides, cyanides, and the presence of other harmful chemicals. Over the previous years, activated carbon has been widely used in service water treatment, groundwater rehabilitation, and drinking water treatment.
Asia Pacific accounted for the largest portion of the global activated carbon market share in 2022. China and India are major contributors to the growth of the activated carbon market in Asia Pacific. According to the European Chemical Industry Council, China's share of global chemicals sales increased to 43.0% in 2021, up from 28.3% reported in 2011.
An increase in the requirement for various chemicals and a subsequent rise in chemical production are expected to boost the demand for activated carbon for chemical purification and processing.
Moreover, the increasing establishment of water treatment facilities and equipment in China drives the activated carbon market in the country. It is used to adsorb a large amount of small particle-sized compounds such as benzene, toluene, ethyl-benzene, xylene, and organic compounds. Further, in India, the strong growth of the food & beverages, water treatment, air & gas, chemicals, etc. industries is bolstering the activated carbon market growth.
Companies Mentioned
- Osaka Gas Co Ltd
- Haycarb PLC
- Kureha Corp
- Donau Chemie AG
- Activated Carbon Technologies Pty Ltd
- Albemarle Corp
- CPL Activated Carbons
- James Cumming and Sons Pty Ltd
- Ingevity Corp
- Norit Nederland BV
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 243 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $3845.46 Million |
| Forecasted Market Value (USD) by 2028 | $6081.05 Million |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
Key Topics Covered:
1. Introduction
2. Key Takeaway
3. Research Methodology
4. Executive Summary
5. Factors Impacting Activated Carbon Market
6. Activated Carbon - Global Market Analysis
7. Global Activated Carbon Market Analysis - By Type
8. Global Activated Carbon Market Analysis - By Application
9. Global Activated Carbon Market - Geographic Analysis
10. Impact of COVID-19 Pandemic on Global Activated Carbon Market
11. Industry Landscape
12. Company Profiles
13. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/hl2bu2
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