The global activated carbon market growth is likely to hover around 7% mark through 2030, according to a new analysis by Fact.MR. Primary application in wastewater treatment will continue to provide sustained opportunities for market players.
As urbanization grows, providing potable water is becoming a challenge. Nearly 90% of wastewater across developing countries is untreated, causing significant pollution challenges.
Consequently, manufacturers are enhancing their presence across these countries. Players such as Cabot Corporation, Osaka Gas Chemicals and Calgon Corporation are amongst some of the most active vendors across the Asia-Pacific region.
Wastewater Treatment to Accelerate Demand
Wastewater treatment is an imperative aspect of countries’ environmental sustainability initiatives. According to the UN University Institute for Water, Environment and Health, out of the 75% of wastewater treated, just 3.8% of that water is actually used. Therefore, significant growth opportunities lie in this regard.
The United Nations Environment Program estimates that global investments in advanced water and sewer systems will reach US$ 75 billion per year in 2025. Therefore, wastewater facilities must be engineered to cope with fluctuating flows. On the back of these trends, demand for activated carbon wastewater management is gaining momentum.
Calgon Corporation, for instance, specializes in both municipal and environmental wastewater treatment. Its CENTAUR activated carbon technology accelerates reaction rates, reduces chemical requirements and yields efficient product conversion. The technology includes UV treatment, Granular Activated Carbon and Ion Exchange respectively.
Rising Preference for Activated Carbon Cloth (ACC)
Activated Carbon Cloth (ACC) is fast garnering popularity as they offer competitive advantages over conventional carbon forms. Their potential usage in stem cell growth and cell therapy is making ACCs the most sought after form of activated carbon.
ACCs offer higher adsorption kinetics, thereby yielding higher efficiency. Concerted efforts have been dedicated to accelerate their production. For instance, in 2019, a research team at the Amir Kabir University of Technology, Iran, discovered a novel approach to manufacture activated carbon from cotton wastes.
In 2018, Evertech Envisafe Ecology Co. Ltd. was established in Taiwan. The company specializes in a host of products, including activated carbon fiber materials. The company markets activated carbon fiber, activated carbon fiber cloth and granular activated carbon fabric.
Similarly, AURO Carbon & Chemicals, an Indian company, has been specializing in activated carbon fibers since several decades. Each strand contains 8-30 fibers which are primarily used in gas masks manufacturing.
High Adoption across Personal Care Industry
Enhanced adsorption rate of activated carbon has rendered it as an important ingredient across the cosmetics and personal care industry in recent years. Activated carbon effectively filters contaminants and impurities such as pigments, odors and chlorine.
With respect to skin care, activated carbon is used to effectively extract dirt and oil by binding with vitamins and nutrients within the skin. One gram of activated carbon possesses over 30,000 square feet surface area.
Stringent Government Policies May Hinder Growth
Rigid taxation structure and tight government controls have significantly impacted production of activated carbon products in certain regions. For example, in India, implementation of the goods and services tax (GST) has impacted production of coconut-activated carbon.
Although coconut products do not attract GST, a 5% duty is levied on coconut shells, especially in the unorganized sector. Moreover, despite charcoal being excluded from its ambit, activated carbon still attracts 18% GST, thus increasing prices nearly threefold in 2017. Also, charcoal shell availability has diminished.
Such skewed implementation of regulations is bound to impede activated carbon production across emerging economies. Furthermore, curbs on coal-based activated carbon owing to environmental concerns is also expected to restrain growth.
COVID-19 Impact on Activated Carbon Market
As the coronavirus pandemic rages on, demand for activated carbon is projected to increase, particularly in the air purification sector. Presently, 0.6% of the global population is infected with the disease, while nearly 1.3 million people have succumbed to the virus. Thus, preventive measures to curb its spread are also increasing.
One approach is to invest in carbon activated air purifiers. IQ Air, a prominent Swiss air purifier manufacturer, is experiencing immense sales since the pandemic’s outbreak. The IQAir HealthPro Series is equipped with the HyperHEPA filtration technology, capable of filtering particles as small as 0.003 µ, which is 100x more effective.
Furthermore, it is believed that equipping masks with active carbon filters can enhance lung capacity and respiratory muscles, thus accelerating demand for activated carbon in the near-term. Furthermore, high demand for personal protective equipment has also catapulted activated carbon sales.
Activated Carbon Market Insights by Material Type
Coal-based active carbon is the most widely used, comprising over 1/3rd of the revenue share. Coal derived active carbon is highly effective in weaning out impurities ranging between 100 and 1000 Å. However, rising environmental concerns are shifting focus towards more sustainable alternatives.
Therefore, coconut shell based activated carbon is acquiring popularity, likely to capture nearly 30% of the market share. Although cost-wise, coconut shell activated carbon is more expensive to source. However, this is offset in the form of material salvaging. This reduces operating costs.
Activated Carbon Market Insights by Form
By form, powdered activated carbon shall retain lucrativeness, comprising nearly 2/5th revenue share in the near-term forecast. By 2020-end, the segment is likely to account for 700 thousand metric tons in terms of production volume. Flexibility of operations and lower processing costs render powdered activated carbon highly useful.
Granular activated carbon is expected to follow, registering nearly identical output by 2020-end. Ranging between 0.2 mm to 5 mm, granules are tougher, more durable, cleaner and have the ability to purify greater volumes of liquids or gases at a consistent quantity.
Activated Carbon Market Insights by Application
Water & Wastewater treatment shall hold maximum sway, valued above 33% as of 2019. Rapid urbanization and infrastructure development is augmenting the need to enhance access to potable water, thereby driving adoption of purification and treatment solutions.
Air purification is the second largest application area, expected to register a revenue share exceeding 3/10th of the overall market. Accelerating demand for air purification solutions in the wake of the COVID-19 pandemic is the primary growth driver. Moreover, heightening concerns over degrading air quality is also augmenting adoption.
Regional Outlook on Activated Carbon Market
The Asia-Pacific activated carbon market is likely to enjoy the lion’s share, capturing above 36% market share by 2021. China and India are expected to emerge as the frontrunners of growth, attributed to extensive wastewater treatment applications in the wake of a rapidly exploding population.
According to UN Water, 41% of untreated wastewater across APAC poses risks to public health and the environment, while the remaining 59% is safely treated. Consequently, prominent active carbon manufacturers are foraying into regional markets to increase production and reduce the shortfalls.
North America and Europe are expected to follow, collectively accounting for around 44% of revenue, attributed to growing awareness about environmental sustainability and consequent investment in waste and sewage treatment.
Activated Carbon Market Competitive Landscape
The global activated carbon market comprises of the following players:
- Cabot Corporation
- KURARAY CO LTD.
- Osaka Gas Chemicals Co Ltd.
- HAYCARB (PVT) LTD.
- KUREHA CORPORATION
- Evoqua Water Technologies Corp.
- Clarimex Group
- Donau Chemie AG
- Carbon Activated Corporation
- General Carbon Corporation
- ACURO ORGANICS LIMITED
- TIGG LLC
- TMK Carbon Sdn Bhd.
- Javaindo Purestar Carbon
- Indo German Carbon Limited (IGCL)
Pricing adjustments, acquisitions, capacity expansion, mergers and product launches are some of the primary marketing strategies adopted by the aforementioned vendors. In addition, manufacturers increasingly target emerging economies so as to garner a wider customer base.
In January 2020, Cabot Corporation announced its decision to acquire Shenzhen Sanshun Nano New Materials Co., Ltd in China for nearly US$ 115 million. The objective is to strengthen the company’s formulation capabilities and market position with respect to automotive parts manufacturing.
In September 2020, Evoqua Water Technologies acquired Aquapure Technologies, an Ohio based privately held Water Services and Equipment Company. The objective of this acquisition was to strengthen its service capabilities throughout Cincinnati, Ohio.
In September 2018, Kuraray Co Ltd. acquired Calgon Carbon Corporation. As a wholly-owned subsidy, Calgon now manufactures and markets functional materials in conjunction with the carbon material business. In 2019, the company unveiled its “PROUD 2020” strategy to expand its product sales.
In 2016, Donau Chemie AG based in Vienna merged its US activities with Standard Purification which is an independent active carbon products producer. The company now operates as Donau Carbon US LLC.
“Rising emphasis on potable water and sanitation facilities is primarily accelerating growth prospects of the global activated carbon market in the upcoming forecast period.”
Activated Carbon Market – Scope of the Report
Fact.MR has published an exclusive forecast report on the activated carbon market from 2020 to 2030. The foremost objective of this report is to pitch insights on the market scenario, demand generators, and technological advancements in the activated carbon market. Also, the study addresses key dynamics expected to diversify the sales and future prominence of the market.
The report begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the activated carbon market, elaborating on key segments. Also, the report outlines visionary insights on the dynamics of the activated carbon market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key buying factors for activated carbon.
A recent study by Fact.MR on the activated carbon market offers a 10-year forecast from 2020 to 2030. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with the manufacturing of activated carbon. The study also provides the dynamics that are responsible for influencing future status of the activated carbon market over the forecast period.
A detailed assessment of the activated carbon value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the activated carbon market, along with their product portfolios, enhances the reliability of this comprehensive research study.
Activated Carbon Market: Report Summary
The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the activated carbon market across the globe.
A comprehensive estimate on the activated carbon market has been provided through an optimistic as well as a conservative scenario, taking into account the sales during the forecast period. Price point comparison by region with global average price is also considered in the study.
Activated Carbon Market – Segmentation
Fact.MR’s research study assesses the global activated carbon market in terms of raw material, form, application and region. This report presents extensive market dynamics and trends associated with different segments of the market and their influence on the growth prospects of the global activated carbon market.
Key Questions Answered in Fact.MR’s Activated Carbon Market Report
- Which regions will continue to remain the most profitable regional markets for activated carbon market players?
- Which factors will induce a change in the demand for activated carbon during the assessment period?
- How will changing trends impact the activated carbon market?
- How can market players capture the low-hanging opportunities in the activated carbon market in developed regions?
- Which companies are leading the activated carbon market?
- What are the winning strategies of stakeholders in the activated carbon market to upscale their position in this landscape?
Activated Carbon Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the activated carbon market report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic and business environment outlook), which are expected to have a momentous influence on the growth of the activated carbon market during the forecast period.
Country-specific valuation on demand for activated carbon market has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
Activated Carbon Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the activated carbon market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the drawn conclusions.
Secondary resources referred to by analysts during the preparation of the activated carbon market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of the activated carbon market report as a primary resource.
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