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Activated Charcoal Market Analysis by Product Type (Powdered, Granular), 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) and by Region: Global Forecast, 2024 - 2033

  • PUBLISHED ON
  • 2022-05-20
  • NO OF PAGES
  • 288
  • CATEGORY
  • Chemicals & Materials

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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