Activated Carbon Market Growing at 9.6% CAGR to be Worth USD 8,264.03 Million by 2028: COVID-19 Impact and Global Analysis by The Insight Partners

The global activated carbon market was valued at US$ 4,116.03 million in 2020 and is estimated to generate US$ 8,264.03 million by 2028, expanding at 9.6% CAGR during 2021–2028. Activated carbon is the adsorbent utilized in industries for the adsorption of organic and inorganic materials. It is majorly used in various applications, such as water treatment and food & beverages. The increasing application of activated carbon in the water treatment industry boosts the activated carbon market growth.

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Osaka Gas Chemical Co. Ltd; KURARAY CO., LTD.; HAYCARB (PVT) LTD.; Cabot Corporation; KUREHA CORPORATION; Activated Carbon Technologies Pty Ltd; Albemarle Corporation; CPL Activated Carbons; JACOBI CARBONS GROUP; Calgon Carbon Corporation; and James Cumming & Sons Pty Ltd. are among the key players in the market. T

The rising use of activated carbon for water and air purification in developing regions, such as Asia Pacific, the Middle East & Africa, and South & Central America, created a huge impact on the market. The concept of wastewater treatment in these regions is aligned to reduce water scarcity and fulfill the requirement of water for daily needs.

Impact of COVID-19 Pandemic on Activated Carbon Market

Due to the COVID-19 pandemic, many industries, such as the chemical & materials, faced unprecedented challenges due to disruptions in the global supply chain that adversely affected the manufacturing, delivery schedules, and sales of various goods. The demand for activated carbon has decreased due to a decline in the growth of several industrial sectors. Many activated carbon production sites were either partially or fully closed to combat the spread of SARS-CoV-2. The COVID-19 pandemic also caused fluctuations in the raw material prices of activated carbon.

The report segments of the activated carbon market are as follows:

By type, the global activated carbon market is segmented into powdered, granular, and pelletized & others. By application the market is segmented into water treatment, food & beverages, pharmaceutical, automotive, and others. By geography, the market is segmented into five main regions North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America.

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