The global activated carbon market size in terms of volume was 2.4 million metric tons and is expected to reach 3.5 million metric tons by 2025, growing at a CAGR of 6.1% during 2020 – 2025. Activated carbon market is predicted to grow moderately due to the increasing demand for water purification, rise in the demand for mercury removal plants and increasing government subsidies and environmental standards.
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On the basis of application, the global activated carbon market is bifurcated into liquid phase and gaseous phase. Between these, gaseous phase is predicted to grow at the fastest rate during the forecast period, owing to the increase in demand for air stripper, soil vapor extraction, tank vent absorbers, odor control, solvent recovery, and mercury removals plants.
Consumers are actively increasing their seriousness with regards to their safety hazards involved with consuming impure water. So, improved management of drinking water, along with increasing demand and tightening environmental requirements and government initiatives is predicted to be the major driving factor for the global activated carbon market.
North America is predicted to have the highest share in the global activated carbon market over the forecast period. The North American market is predicted to grow due to the increasing usage of activated carbon and implementation of environmental regulations to control air and water pollution level.
Some of the key players operating in the global activated carbon market are Oxbow Activated Carbon LLC, Silcarbon Aktivkohle GmbH, Kuraray Co. Ltd., Calgon Carbon Corporation, Jacobi Carbons AB, Cabot Corporation, Haycarb plc, and ADA-ES Inc.
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