Activated Carbon Market Projected to Surpass $6.08 Billion by 2028 | The Insight Partners

Pune, India, Sept. 21, 2023 (GLOBE NEWSWIRE) — The Insight Partners published latest research study on “Activated Carbon Market Size, Share, Growth Factors, Opportunity and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Application and Geography,”

The activated carbon market size is projected to reach US$ 6.08 Billion by 2028 from US$ 3.85 Billion in 2022; it is expected to grow at a CAGR of 8.2% from 2023 to 2028. The projected growth of the market is attributed to the rising adoption of activated carbon for wastewater treatment and increasing regulations on mercury emissions.

Global Activated Carbon Market: Competitive Landscape and Key Developments

A few of the players operating in the global activated carbon market include 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, and Norit Nederland BV. Global activated carbon manufacturers focus on providing high-quality products to fulfill the customer demand.

Activated Carbon Market Report Scope, Segmentations, Regional & Country Scope:

1. Report Coverage
   • Market Size Value in USD 3.85 Billion in 2022
   • Market Size Value by USD 6.08 Billion by 2028
   • Growth rate CAGR of 8.2% from 2023 to 2028
   • Forecast Period 2023-2028
   • Base Year 2022
   • No. of Pages 243
   • No. of Tables 159
   • No. of Charts & Figures 127
   • Historical data available Yes
   • Segments covered By Type, Application and Geography
   • Regional scope North America; Europe; Asia Pacific; Latin America; MEA
   • Country scope Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Oman, Russia, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
   • Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
2. Companies Covered 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, and Norit Nederland BV

Moreover, the increasing establishment of water treatment facilities and equipment drives the activated carbon market. It is used to adsorb small particle sized compounds such as benzene, toluene, ethyl-benzene, xylene, and organic compounds, in large amount. Further, the rising research and development as well as the growing chemicals and automotive industries are projected to boost the demand for activated carbon across Japan during the forecast period.

Sustainability Initiatives:

The activated carbon made from bioresources has shown exceptional surface properties with high degree of porosity. The costs incurred to manufacture activated carbon from bioresources is relatively low in comparison with the commercial activated carbon. Therefore, there is growing interest towards bioresources for synthesis of activated carbon. Bioresources can be categorized in two different ways, namely waste materials or dedicated energy crops. Waste materials may include animal manure, food processing waste, municipal solid waste (MSW), and forest residues among others. As the use of solid waste materials for synthesis of activated carbon helps save landfill space, the alternative is likely expected to be supported by governments in the future. Dedicated energy crops may be grown in lands that are fertile enough and are less arid. Woody and herbaceous crops are the two main varieties used as bioresource. Herbaceous energy crops may include sorghum, wheatgrass, and bamboo among others whereas woody crops include walnut, maple, willow, and poplar among others.

Activated Carbon Market: Segmental Overview

Based on type, the market is segmented into granular/extruded, powdered, honeycombs, impregnated, and reactivated. The activated carbon market share for the powdered segment was largest in 2022. Powdered activated carbons (PACs) are added in dry or sludge form to treatment solution in water purification applications. The powder is filtered from the medium after a specific reaction time. The benefits of PAC utilization are that it offers timely, optimized, and efficient dosage. Moreover, several manufacturers, such as Donau Carbon GmbH, provide powdered form of activated carbon specifically designed for food and beverage applications.

The activated carbon market, by application, is segmented into gas & air, automotive, catalyst, chemicals, food & beverage, mining, pharmaceuticals, water treatment, and others. The activated carbon market share for the water treatment segment was largest in 2022. Over recent years activated carbon has become widely popular in water treatment, groundwater rehabilitation, and drinking water treatment. Government organizations of various economies have issued strict directives and guidelines concerning wastewater treatment that mandates several industries to remove undesirable compounds from wastewater before its disposal. The mandates have led to an increased use of activated carbon post-implementation.

Key Developments

• In February 2021, Ingevity Corporation expanded its activated carbon production capacity following significant debottlenecking and equipment upgrades completed and verified at its facility in Zhuhai, China.
• In June 2020, Calgon Carbon Corporation announced that it intends to expand capacity at its Pearlington, Mississippi plant by adding a second virgin activated carbon production line.
• In January 2021, Tantech Holdings Ltd launched Variety Combination Honeycomb Activated Carbon, an innovative new activated carbon product. Tantech’s Variety Combination Honeycomb Activated Carbon product is a new type of environmentally friendly activated carbon (exhaust gas purification product), which can effectively reduce odors and pollutants, including the adsorption of formaldehyde and benzene, and industrial gas purification to reach the national first-level exhaust gas emission standard.

Impact of COVID-19 Pandemic on Activated Carbon Market

Governments of various countries across the

SDGs, Targets, and Indicators

1. Which SDGs are addressed or connected to the issues highlighted in the article?

• SDG 6: Clean Water and Sanitation
• SDG 9: Industry, Innovation, and Infrastructure
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action

The article discusses the rising adoption of activated carbon for wastewater treatment, which is connected to SDG 6 (Clean Water and Sanitation). It also mentions the increasing regulations on mercury emissions, which is related to SDG 9 (Industry, Innovation, and Infrastructure) and SDG 12 (Responsible Consumption and Production). Additionally, the article mentions the use of bioresources for the synthesis of activated carbon, which contributes to SDG 13 (Climate Action) by promoting sustainable production methods.

2. What specific targets under those SDGs can be identified based on the article’s content?

• Target 6.3: Improve water quality by reducing pollution, eliminating dumping, and minimizing release of hazardous chemicals and materials.
• Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies.
• Target 12.4: By 2020, achieve environmentally sound management of chemicals and all wastes throughout their life cycle.
• Target 13.3: Improve education, awareness-raising, and human and institutional capacity on climate change mitigation, adaptation, impact reduction, and early warning.

Based on the issues discussed in the article, the specific targets that can be identified are related to improving water quality, upgrading infrastructure for sustainability, achieving environmentally sound management of chemicals and wastes, and enhancing education and awareness on climate change.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

• Indicator 6.3.2: Proportion of bodies of water with good ambient water quality.
• Indicator 9.4.1: CO2 emission per unit of value added.
• Indicator 12.4.1: Number of parties to international multilateral environmental agreements on hazardous waste.
• Indicator 13.3.1: Number of countries that have integrated mitigation, adaptation, impact reduction, and early warning into primary, secondary, and tertiary curricula.

The article does not explicitly mention these indicators, but they can be used to measure progress towards the identified targets. These indicators assess the proportion of bodies of water with good water quality, CO2 emissions per unit of value added, the number of countries participating in environmental agreements on hazardous waste, and the integration of climate change education into curricula.

Table: SDGs, Targets, and Indicators

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: globenewswire.com

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