GLOBAL ACTIVATED CARBON MARKET:

Activated carbon is a type of carbon that has been processed to produce small, low-volume pores that increase the amount of surface area accessible for adsorption and chemical reactions. Activated carbon is usually derived from charcoal. Product type, application, end-user industry, and region are all used to segment the activated carbon market. Powdered activated carbon (PAC), granular activated carbon (GAC), extruded or pelletized activated carbon are the several types of activated carbon on the market. The market is divided into gas purification, water purification, metal extraction, medicinal, and other applications based on application. Water treatment, food and beverage, healthcare, automotive, industrial processing, and other end-user sectors are among the market’s segments. The market is seeing increased demand for the treatment of various pollutants, such as dyes, ions, and a variety of organic pollutants, which will drive up the need for activated carbon. The use of activated carbon to treat wastewater has gotten a lot of attention, and advances in technology are expected to boost the activated carbon market.

INDIAN MARKET OUTLOOK:

India’s activated carbon is quickly making its imprint on the worldwide market. Coconut shell-based activated carbon from India is satisfying demand across sectors, thanks to abundant raw material in South India. The carbon produced from coconut shells has been in high demand in India. The export of activated carbon, according to the Coconut Development Board, is promoting the export of coconut and coconut-based products from India. The rationale, according to manufacturers and exporters, is that coconut charcoal has a higher carbon content and quality. And India, particularly South India, has an edge in this regard, as the country produces vast quantities of coconut. Steam is used to create activated carbon from coconut shells. Converting a coconut shell into activated carbon is a two-step procedure, according to the Coconut Development Board. A carbonization method is used to transform the coconut shell into charcoal.

GLOBAL MARKET OUTLOOK:

The global activated carbon market is expected to grow at a 9.4% compound annual growth rate (CAGR). The increasing usage of activated carbon in industrial applications has resulted in an increase in its share in gas phase applications, which is driving the Asia-Pacific activated carbon market. Furthermore, the expanding usage of activated carbon for soil remediation and pharmaceutical applications, which has seen substantial increase in the previous five years, is likely to enhance the activated carbon market’s growth. Product type, end-use, application, and region can all be used to segment the market. The market can be classified into powdered activated carbon, granular activated carbon, and other activated carbon based on product type. Water treatment, food and beverage processing, pharmaceutical and medical, automotive, air purification, and other end-use segments are included in the end-use segmentation. Liquid phase and gaseous phase classifications are done based on application. The need for powdered activated carbon is always increasing due to industrial air cleaning and mercury removal guidelines.

TOP PLAYERS WORLDWIDE:

• Shinkwang Chem. Ind. Co., Ltd.
• Indo German Carbon Limited
• Haycarb
• Kuraray Europe
• Oxbow Coal Sarl
• Active Char Products Private Limited
• Adsorbent Carbon Private Ltd
• Silicon Products (P) Associates
• V.Corporation
• Kalpaka Chemicals (P) Ltd