Rising Urban Population and Energy Storage Innovation Fuel the Activated Carbon Market
The food and beverage industry makes a significant contribution to the growth of the activated carbon market. Consumer knowledge of food safety is growing rapidly, which increases the demand for safe and effective methods of purifying food and beverages, such as activated carbon. Consumers generally prefer foods and beverages made utilizing natural processing methods. However, it is a naturally occurring chemical, making it an attractive alternative for organizations seeking clean-label products. Activated carbon is widely utilized in pollution removal, wastewater treatment, food, and beverage industry. These are the key elements that influence the manufacturing of activated carbon.
Innovations in Defence and Health Sector Aid to the Market Expansion
According to research published by the National Library of Medicine, the use of an oral solution of activated charcoal is advised in poisonings when gastrointestinal decontamination is required, since it helps to minimize the absorption of ingested poisons and perhaps reduces their adverse effects on the body. It remains an important part of the early treatment procedures for many forms of acute poisoning such as overdose of medication, chemical exposures, and others. Activated carbon is formulated from organic raw materials like peat, coal, wood, and coconut shells. However, consumers prefer natural ingredients over synthetic ones and seek them as more environmentally friendly. These factors promote market growth for activated carbon.
Recent Trends in the Activated Carbon Industry:
- Stringent restrictions are driving the demand for activated carbon in water and air purification systems.
- Surge for protection against toxic substances in medical and pharmaceutical applications.
- Use of activated carbon to improve air quality inside vehicles and in emission control systems fuels the automotive application.
- Food and beverage industry for purification and taste improvement.
- Rapid industrialization and increasing population drive the growing demand in developing countries.
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The Supply of Raw Materials and the Availability of Alternatives are Threats to the Activated Carbon Market
Activated carbon is produced from coconut shells, coal, and wood however the fluctuation in price and supply of raw materials can impact manufacturing cost and price consistency in the sector. Furthermore, in November 2023, the U.S. Department of Commerce and the U.S. International Trade Commission (ITC) issued a notice of continuation of the Antidumping Order (AD) on activated carbon from China. The activated carbon imported from China was being sold in the United States below its appropriate market value. These dumping practices will hamper the domestic activated carbon industry.
Expansion Initiatives and Technological Advancements Propel Market Growth
Furthermore, activated carbon is commonly utilized for purifying water and air because of its strong adsorption capabilities. Nevertheless, ongoing growth has broadened its uses to encompass fields like environmental clean-up, gas filtering, pharmaceuticals, and storing energy. During Achema 2024, Norit Activated Carbon Company presented different uses of activated carbon, such as industrial purification, catalysts, refineries, and petrochemicals, as well as tablets and capsules.
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Rising Demand for Water and Air Purification Fuels the Market Globally
Meanwhile, established manufacturing plants in North America ensure quality activated carbon products and enhance supply chain efficiency. The United States government promotes environmental sustainability, supports the economy, and drives innovation in the region. For instance, in January 2024, Calgon Carbon, aided by US$150,000 from the New Mexico State's LEDA fund, for their Bloomfield location facility expansion. Together, these factors contribute to the overall development and steady foundation of the activated carbon market in North America.
The European Union (EU) was seeing a prominent increase in the activated carbon market due to the growing importance of strict government regulations on toxic gas emissions and industrial water recycling. Industries in Europe are increasingly employing onsite water reuse, mostly because of the need to reduce pollution and preserve energy. As per data published in the World Bank by 2023, the European Union imported 194,185 metric tons of activated carbon, holds a position as leading importer for the year.
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Regions | Countries |
---|---|
North America | United States, Canada |
Latin America | Brazil, Mexico, Argentina, Colombia, Chile, Rest of Latin America |
Europe | Germany, United Kingdom, France, Italy, Spain, Russia, Poland, Netherlands, Switzerland, Belgium, Austria, Sweden, Norway, Denmark, Finland, Ireland, Rest of Europe |
Asia Pacific | China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Singapore, Malaysia, Vietnam, Thailand, Rest of Asia Pacific |
Middle East and Africa | GCC Countries, South Africa, Nigeria, Egypt, Morocco, Algeria, Israel, Iran, Kenya, Turkey, Rest of MEA |
Activated Carbon Market Research Report Covers In-depth Analysis on:
- Activated carbon market detailed segments and segment-wise market breakdown
- Activated carbon market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in activated carbon industry)
- Current, historical and forthcoming 10 years market valuation in terms of activated carbon market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
- Activated carbon market demand analysis
- Activated carbon market pricing analysis over forecast period (by key segment and by region)
- Activated carbon market regional insights with region-wise market breakdown
- Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
- Latest developments and innovations in activated carbon market
- Regulatory landscape by key regions and key countries
- Supply chain and value chain analysis in activated carbon market
- activated carbon market sales and distribution strategies
- A comprehensive overview of parent market
- A detailed viewpoint on activated carbon market forecast by countries
- Mergers and acquisitions in activated carbon market
- Essential information to enhance market position
- Robust research methodology