Market Overview
The Activated Charcoal market is predicted
to develop at a compound annual growth rate (CAGR) of 5.92% from 2024 to 2033,
when it is projected to reach USD 9.4 billion, based on an average growth pattern.
The market is estimated to reach a value of USD 4.6 billion in 2024.
SOURCE: We Market Research
A fine black
powder known as activated charcoal is made by heating regular charcoal to
produce holes that increase the material's ability to adsorb substances.
Adsorption is the attachment of molecules to the surface as opposed to
absorption, which is the process of things being taken up into the absorbent
material. Because of its large surface area and porous structure, activated
charcoal is very good at adhering to chemicals and poisons and preventing the
digestive system from absorbing them. It is frequently used in emergency
medicine to treat poisonings because it traps dangerous compounds and keeps
them from entering the bloodstream. Because activated charcoal may remove
pollutants from the skin, it is also used in a lot of skincare and cosmetic
products.
The market for
activated charcoal is driven by a number of major factors worldwide. The demand
for activated charcoal has increased due to rising awareness of environmental
degradation and the necessity of efficient water and air purification systems.
The market is growing because of its many uses, which include water filtering
in industries and medicinal treatments for drug overdoses. The market is
further driven by the increasing use of activated charcoal in the food and
beverage sector, especially for food processing and decaffeination. Moreover,
the growing acceptance of activated charcoal-containing cosmetics and personal
hygiene items contributes to the market momentum. Activated charcoal's
eco-friendliness and renewable nature make it more appealing to consumers as
sustainability gets traction.
Market Scope
Report Attributes |
Description |
Market Size in 2024 |
USD 4.6 Billion |
Market Forecast in 2033 |
USD 9.4 Billion |
CAGR % 2024-2033 |
5.92% |
Base Year |
2023 |
Historic Data |
2016-2022 |
Forecast Period |
2024-2033 |
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
Segments Covered |
by Product Type, by Application, by Source Type, by End Use and By
Region |
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Activated Charcoal Industry: Dynamics & Restrains
Market Drivers
Increasing
Demand in Water Treatment - The growing need
for water treatment solutions around the globe is one of the main factors
driving the global activated charcoal market's expansion. Because of its
remarkable adsorption capabilities, activated charcoal is a useful tool for
filtering pollutants, poisons, and impurities out of water sources. The need
for activated charcoal in water treatment procedures grows as businesses and
cities emphasize water purification to fulfill strict quality standards. The need
for activated charcoal as a dependable filtering and purifying agent is further
increased by growing awareness of environmental issues and waterborne
illnesses, which supports the market's growth.
Rising Health
and Wellness Trends - The need for activated
charcoal and the growth of the market are mostly driven by trends in global
health and wellbeing. The natural cleansing properties of activated charcoal,
together with its claimed health benefits, align with the increasing consumer
preference for clean and natural products. As consumers search for solutions to
enhance their overall health and address problems like digestive health and
toxin removal, activated charcoal is showing up increasingly frequently in
nutritional supplements, cosmetics, and oral hygiene products. Activated
charcoal is used in many products, which boosts its market share in the booming
health-conscious consumer industry. This is due to the growing trend of
customers looking for holistic health solutions.
Market restrains
Health Concerns
and Misinformation - The global market for
activated charcoal is confronted with obstacles from health concerns and false
information. Although the adsorption qualities of activated charcoal make it a
popular tool, worries have been raised over possible disruptions to drug
absorption and indiscriminate removal of toxins. Customers become hesitant due
to misinformation about overstated health claims and doubts about appropriate
use. A few medical professionals advise against using it carelessly because of
possible negative effects. Despite activated charcoal's proven benefits in a
variety of applications, consumers' reluctance to incorporate it into their
lifestyles is limiting the market's growth and posing a hurdle to the product's
general adoption.
We Market
Research: Activated Charcoal Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Activated Charcoal Segmentation
Market- By Product Type Analysis
By Product Type, the Activated Charcoal Market is Categories into Powdered, Granular. The Powdered segment accounts for the largest share of around 54% in 2024.
The powdered segment of the global
activated charcoal market is mainly propelled by its numerous uses, providing
accurate dose and effortless handling across multiple sectors. Because of its effective
adsorption qualities, powdered activated charcoal is recommended in industries
like food processing, water treatment, and pharmaceuticals.
The
following segments are part of an in-depth analysis of the global Activated
Charcoal market:
Market Segments |
|
By Application |
·
Gas Purification ·
Water Purification ·
Metal Extraction ·
Medicine |
By Source Type |
·
Wood ·
Coconut Shell |
By End Use |
·
Water Treatment ·
Food and Beverage ·
Healthcare ·
Automotive ·
Industrial Processing |
Activated Charcoal Industry: Regional Analysis
Asia Pacific Market Forecast
Asia Pacific dominate
the Activated Charcoal Market with the highest revenue generating market with
share of more than 46%. The Asia-Pacific region's rapid urbanization,
industrialization, and population increase are driving up demand for activated
charcoal for water and air filtration. The region's healthcare and
pharmaceutical industries also make major contributions to market expansion.
The use of activated charcoal in personal care items and dietary supplements is
growing in popularity as people become more aware of its health benefits.
Europe Market Statistics
Europe is the
second-largest market for Activated Charcoal. The European market for activated
charcoal is being driven by strict environmental laws, particularly those
related to water and air purification. The requirement for activated charcoal
in the food and beverage industry is increasing due to its application in food
processing and decolorization, which is driving market expansion.
North America Market Forecasts
North America is
expected to be the fastest-growing market for Activated Charcoal during the
forecast period. The primary driver of the activated charcoal market in North
America is the expanding use of activated charcoal in a range of applications,
including water treatment, air purification, and the pharmaceutical and medical
industries. Growing environmental consciousness and the implementation of
sustainable practices are driving industrial expansion.
Key Market Players
The Activated
Charcoal Market is dominated by a few large companies, such as
·
Cabot Corporation
·
Kuraray Co., Ltd.
·
Haycarb Pvt. Ltd.
·
Norit
·
Osaka Gas Chemicals Co., Ltd.
·
Donau Carbon GmbH
·
Jacobi Carbons Group
·
Ingevity
·
Kureha Corporation
·
Evoqua Water Technologies LLC.
·
CarbPure Technologies
·
Boyce Carbon
·
CarboTech AC GmbH
·
Datong Coal Jinding Activated
Carbon Co.
·
Hangzhou Nature Technology Co.,
Ltd.
·
Carbon Activated Corporation
·
Oxbow Activated Carbon LLC.
·
Sorbent JSC
·
Others
Recent Developments:
·
August 2022, To increase its
market share in the electric vehicle (EV) industry and broaden the potential of
its already-existing activated carbon business, Ingevity purchased Nexeon
Limited.
·
October 2021, Evoqua Water
technology LLC opened a new Sustainability and Innovation Hub in Pittsburgh,
Pennsylvania (US) to use state-of-the-art water treatment technology.
1.
Global
Activated Charcoal Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Activated Charcoal Market
Scope and Market Estimation
1.2.1. Global Activated Charcoal Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)
1.2.2. Global Activated Charcoal Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033
1.3. Market Segmentation
1.3.1. Component of Global Activated
Charcoal Market
1.3.2. Technology of Global Activated
Charcoal Market
1.3.3. Source Type of Global Activated
Charcoal Market
1.3.4. Region of Global Activated
Charcoal Market
2.
Executive Summary
2.1. Global Activated Charcoal Market Industry Trends under COVID-19 Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak
on Global Activated Charcoal Market
Industry Development
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact Analysis of Drivers and
Restraints
2.3. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Value Chain / Ecosystem Analysis
2.7. Russia-Ukraine War Impacts
Analysis
2.8. Economic Downturn Analysis
2.9. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Activated Charcoal Market Estimates & Historical Trend Analysis (2019 -
2022)
4.
Global Activated Charcoal Market Estimates & Forecast Trend Analysis, by
PRODUCT TYPE
4.1. Global Activated Charcoal Market
Revenue (US$ Mn) Estimates and Forecasts, by PRODUCT TYPE, 2019 to 2033
4.1.1. Powdered
4.1.2. Granular
5.
Global Activated Charcoal Market Estimates & Forecast Trend Analysis, by
Application
5.1. Global Activated Charcoal Market
Revenue (US$ Mn) Estimates and Forecasts, by Application, 2019 to 2033
5.1.1. Gas Purification
5.1.2. Water Purification
5.1.3. Metal Extraction
5.1.4. Medicine
6.
Global Activated Charcoal Market Estimates & Forecast Trend Analysis, by
Source Type
6.1. Global Activated Charcoal Market
Revenue (US$ Mn) Estimates and Forecasts, by Source Type,
2019 to 2033
6.1.1. Wood
6.1.2. Coconut Shell
7.
Global Activated Charcoal Market Estimates & Forecast Trend Analysis, by
END USE
7.1. Global Activated Charcoal Market
Revenue (US$ Mn) Estimates and Forecasts, by Source Type,
2019 to 2033
7.1.1. Water Treatment
7.1.2. Food and Beverage
7.1.3. Healthcare
7.1.4. Automotive
7.1.5. Industrial Processing
8.
Global Activated Charcoal Market Estimates & Forecast Trend Analysis,
by Region
8.1. Global Activated Charcoal Market
Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9.
North
America Activated Charcoal Market: Estimates & Forecast Trend Analysis
9.1.
North
America Activated Charcoal Market Assessments & Key Findings
9.1.1. North America Activated Charcoal
Market Introduction
9.1.2. North America Activated Charcoal
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
9.1.2.1. By PRODUCT TYPE
9.1.2.2. By Application
9.1.2.3. By Source Type
9.1.2.4. By END USE
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Europe Activated
Charcoal Market: Estimates &
Forecast Trend Analysis
10.1. Europe Activated Charcoal Market
Assessments & Key Findings
10.1.1. Europe Activated Charcoal Market
Introduction
10.1.2. Europe Activated Charcoal Market
Size Estimates and Forecast (US$ Million) (2019 – 2033)
10.1.2.1. By PRODUCT TYPE
10.1.2.2. By Application
10.1.2.3. By Source Type
10.1.2.4. By END USE
10.1.2.5. By Country
10.1.2.5.1. Germany
10.1.2.5.2. U.K.
10.1.2.5.3. France
10.1.2.5.4. Italy
10.1.2.5.5. Spain
10.1.2.5.6. Russia
10.1.2.5.7. Rest of Europe
11. Asia Pacific Activated
Charcoal Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Activated Charcoal
Market Introduction
11.1.2. Asia Pacific Activated Charcoal
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
11.1.2.1. By PRODUCT TYPE
11.1.2.2. By Application
11.1.2.3. By Source Type
11.1.2.4. By END USE
11.1.2.5. By Country
11.1.2.5.1. China
11.1.2.5.2. Japan
11.1.2.5.3. India
11.1.2.5.4. Australia
11.1.2.5.5. South Korea
11.1.2.5.6. ASEAN
11.1.2.5.7. Rest of Asia Pacific
12. Middle East & Africa Activated
Charcoal Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Activated
Charcoal Market Introduction
12.1.2. Middle
East & Africa Activated
Charcoal Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
12.1.2.1. By PRODUCT TYPE
12.1.2.2. By Application
12.1.2.3. By Source Type
12.1.2.4. By END USE
12.1.2.5. By Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South Africa
12.1.2.5.5. Rest of Middle East & Africa
13. South America
Activated Charcoal Market: Estimates
& Forecast Trend Analysis
13.1. South America Market Assessments
& Key Findings
13.1.1. South America Activated Charcoal
Market Introduction
13.1.2. South America Activated Charcoal
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
13.1.2.1. By PRODUCT TYPE
13.1.2.2. By Application
13.1.2.3. By Source Type
13.1.2.4. By END USE
13.1.2.5. By Country
13.1.2.5.1. Brazil
13.1.2.5.2. Argentina
13.1.2.5.3. Colombia
13.1.2.5.4. Rest of South America
14. Competition Landscape
14.1. Global Activated Charcoal Market
Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
14.2. Global Activated Charcoal Market
Competition White Space Analysis, By Source Type
14.3. Global Activated Charcoal Market
Competition Heat Map Analysis, By Source Type
14.4. Global Activated Charcoal Market
Concentration & Company Market Shares (%) Analysis, 2022
15. Company Profiles
15.1.
Cabot Corporation
15.1.1. Company Overview & Key Stats
15.1.2. Financial Performance & KPIs
15.1.3. Product Portfolio
15.1.4. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
15.2. Kuraray Co.,
Ltd.
15.3. Haycarb Pvt.
Ltd.
15.4. Norit
15.5. Osaka Gas
Chemicals Co., Ltd.
15.6. Donau Carbon
GmbH
15.7. Jacobi Carbons
Group
15.8. Ingevity
15.9. Kureha
Corporation
15.10. Evoqua Water
Technologies LLC.
15.11. CarbPure
Technologies
15.12. Boyce Carbon
15.13. CarboTech AC
GmbH
15.14. Datong Coal
Jinding Activated Carbon Co.
15.15. Hangzhou
Nature Technology Co., Ltd.
15.16. Carbon
Activated Corporation
15.17. Oxbow
Activated Carbon LLC.
15.18. Sorbent JSC
16. Research
Methodology
16.1. External Transportations / Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research Findings & Conclusion
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