Products in the global activated carbon market find applications in various industry verticals, most notably in water treatment, pharmaceuticals, personal care, and food and beverages. Rising demand for filtrated and unadulterated fresh water from developing and underdeveloped regions across the world is anticipated to play a leading role in furthering the development of the global activated carbon market in coming years. At the moment, considerable amount of research and development activities are being undertaken to produce activated carbons from economic sources in order to slowly minimize the adoption of activated carbos produced from expensive commercial sources. This is anticipated to augment the growth of the global activated carbon market in coming years.
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Advancements in Waste Water Treatment using Activated Carbon Fuels Growth in Activated Carbon Market
Segments in the global activated carbon market based on the type of raw material include coal based, wood based, petroleum pitch, and coconut shell based. In terms of volume and value, coal based is the most prominent segment in the global activated carbon market. High surface area, characterized by micropores and mesopores along with low cost filter media makes products in the coal based segment in global activated carbon market a lucrative commodity. Segments in the global activated carbon market based by the form include powdered, crushed, pelletized, granular, spherical, and extruded.
Application areas for the products in the global activated carbon market include water and wastewater, food and beverages, pharmaceuticals, personal care, mining, air purification, industrial chemicals, and automotive, among others. The water and wastewater treatment segment is anticipated to expand at a substantial pace in coming years owing to the segment being the largest consumer of the products in global activated carbon market. Advancements in waste water treatment technology using activated carbon that play an important role in reducing the cost of both bio waste disposal and production cost of activated carbon are stimulating high interest in the global activated carbon market.
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Rising Demand from Personal Care Industry Favors Growth of Activated Carbon Market
Products in the global activated carbon market also receive high demand from cosmetics and personal care sector as activated carbon plays a crucial role in eliminating various bacteria, dirt, chemicals, and even poison from the surface of the skin. These qualities have resulted in various pharmaceutical and personal care companies increasingly using products in the global activated carbon market for the production of their skin care and personal grooming product offerings. Products in the global activated carbon market have also attracted considerable consumer attention owing to their ability of eliminating various skin problems such as blackheads and acne.
The COVID-19 pandemic had a moderate impact on the global activated carbon market, with the demand from food and beverages industry witnessing a slow decline. However, rising demand for activated carbon to produce activated carbon filter face masks is anticipated to foster the growing global activated carbon market in near future. A number of studies have indicated that using activated carbon filters in face masks play an essential role in enhancing capacity of lungs and respiratory muscles. This is anticipated to favor the thriving global activated carbon market in coming years.
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Key regions covered in the report on global activated carbon market include North America (including Canada and United States), Asia Pacific (including India, South Korea, China, Japan, ASEAN countries, and rest of the Asia Pacific), Middle East and Africa (including South Africa, Gulf Cooperation Council countries, and rest of the Middle East and Africa), Europe (including France, United Kingdom, Russia and CIS, Germany, Italy, Spain, and rest of the Europe), and Latin America (including Mexico, Brazil, and rest of the Latin America).
Few of the key incumbent players operating within the global activated carbon market include 3M, Dow Inc., BASF SE, Sika AG, Henkel AG and Company KGaA, H. B. Fuller, Avery Dennison Corporation, and Bostik SA.
