The global coal-based activated carbon market size is projected to reach USD 4.6 billion by 2025, expanding at a CAGR of 4.3%, according to a new report by Grand View Research, Inc. The market is driven by demand from application industries such as gold, sugar, and air and water purification.
Air purification is the fastest growing end-use segment in the market. Rising demand for activated charcoal in air purification applications from commercial as well as domestic users is anticipated to drive segment growth in the coming years. The high adsorption property of the product allows it to remove odors, volatile organic compounds (VOCs), and other gaseous pollutants from the air, thus making it suitable for household purposes.
North America is the second-largest coal-based activated carbonmarket due to high consumption of the product in water treatment, air and gas purification, and pharmaceuticals. Major manufacturers in the region, such as Calgon Carbon Corp and Ecologix Environment Systems, LLC, have contributed to the growth. Activated charcoal is mainly used in mercury removal in industrialized countries such as U.S., Canada, and Mexico. Export of the product in North America has drastically reduced owing to new legislation established by the U.S. Environmental Protection Agency (EPA). The implementation of coal combustions and waste emission norms has directly impacted the production of activated carbon.
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Further key findings from the report suggest:
- In terms of revenue, the powdered form is anticipated to witness a CAGR of 4.9%, in terms of revenue from 2019 to 2025, as they are highly preferred for odor and taste control. It is also used for removal of organic chemicals in various end-use industries such as healthcare, food and beverages, and automotive
- The air purification application segment is anticipated to exhibit a CAGR of 4.6% in terms of revenue on account of rising usage in filters that control the spread of volatile organic compounds (VOC) and bad odor
- The U.S. market is anticipated to exceed 225.2 kilotons by 2025 owing to the rising use of activated carbon in mercury removal applications
- Some of the key industry participants are Kuraray, French CECA, Calgon Carbon, CarboTech AC GmbH, Ecologix Environment Systems, LLC, CarbUSA, and Cabot Corporation.
