PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485858
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485858
Coal-based Activated Carbon Market size was valued at USD 4,198.21 million in 2023, expanding at a CAGR of 5.19% from 2024 to 2032.
A number of significant factors are driving the growth of the activated carbon market for coal-derived products. A further factor driving market growth is the increasing application of activated carbon in the water treatment, food and beverage processing, and pharmaceutical sectors. Innovations in technology have also enhanced the effectiveness and quality of the items, increasing their competitiveness in the market. While coal-based activated carbon is effective, its production is associated with significant environmental concerns, including carbon emissions and resource depletion. Increasing environmental regulations and the push for sustainable practices may limit the growth of this market.
Coal-based Activated Carbon Market- Market Dynamics
Rising Demand For Coal-based Activated Carbon In Wastewater Treatment
The rising demand for coal-based activated carbon in wastewater treatment is driven by its effectiveness, cost-efficiency, and versatility. As environmental regulations become more stringent and the need for sustainable wastewater management practices grows, the role of coal-based activated carbon is likely to expand further. For instance, National Library of Medicine (NIH), scientists have studied the use of inexpensive adsorbent materials for water treatment. Since activated carbon (AC) has the right physical and chemical properties, it is an extremely effective adsorbent for removing colors and heavy metals from contaminated solutions. Moreover, the U.S. Department of Energy's (DOE) Office of Fossil Energy and Carbon Management (FECM) and the National Energy Technology Laboratory (NETL) proclaimed $6 million in backing for 6 university-led R&D schemes that will repurpose local coal possessions for high-value graphitic goods and carbon-metal composites that can be used in clean energy technologies.
Coal-based Activated Carbon Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 5.19% over the forecast period (2024-2032)
Based on Raw Material segmentation, coal-based was predicted to show maximum market share in the year 2023
Based on application segmentation, water & wastewater treatment was the leading type in 2023
On the basis of region, Asia Pacific was the leading revenue generator in 2023
The Global Coal-based Activated Carbon Market is segmented on the basis of Raw Material, Application, Form, and Region.
The market is divided into four categories based on the form: Powdered, Granular/Crushed, Extruded/Pelletized, and Others. Powdered coal-based activated carbon (PAC) has a wide range of uses due to its high surface area, porosity, and strong adsorption capabilities. Air filtration systems use it to capture volatile organic compounds (VOCs), sulfur compounds, and other airborne pollutants. It also helps in removing unwanted flavors and contaminants from food products and ingredients.
The market is divided into eight categories based on application: Water & Wastewater Treatment, Air Purification, Food & Beverages, Industrial Chemicals, Pharmaceuticals, Automotive, Mining, and Others. Water & Wastewater Treatment holds the highest market share. Coal-based activated carbon is widely used in water and wastewater treatment due to its high porosity and large surface area, which make it highly effective at adsorbing contaminants. Activated carbon can adsorb chlorine and chloramine, which are commonly used disinfectants in water treatment.
Coal-based Activated Carbon Market- Geographical Insights
In terms of revenue and market share, the coal-based activated carbon market is dominated by Asia-Pacific. This is because of the area's fast industrialization as well as the government's expanding initiatives and policies aimed at boosting the manufacturing sector. Particularly China and India is a significant markets due to rapid industrialization and urbanization. The Ministry of Coal (MoC) has undertaken a significant initiative to liberalize the coal sector in India. This initiative introduced Commercial Coal Mining, removing restrictions on the sale and utilization of coal. North America is expected to develop at the highest rate due to the region's increased acceptance of hazardous standards and mercury laws, as well as the rise in research and development efforts. These regions are characterized by stringent environmental regulations driving the demand for activated carbon in water and air purification applications.
The Coal Based Activated Carbon Market includes major players such as Kuraray, Silcarbon Aktivkohle GmbH, ADA-ES, Datong Coal Jinding Activated Carbon, Cabot Norit Ningxia Huahui Activated Carbon, Kureha Corporation, Donau Carbon and CarboTech AC GmbH. Companies like Cabot Corporation and Calgon Carbon Corporation dominate the market due to their extensive product portfolios, global distribution networks, and strong R&D capabilities. Firms such as Datong Coal Jinding Activated Carbon Co., Ltd. have significant influence in specific regions, particularly in Asia-Pacific, leveraging local raw material availability and lower production costs.
In June 2024, The Rockefeller Foundation and GEAPP explored the world's first 'coal-to-clean' credit program in emerging economies.
In November 2023, China invested US$1 trillion in overseas coal infrastructure projects. Moreover, Chinese companies have installed 128 GW of overseas power projects
GLOBAL COAL-BASED ACTIVATED CARBON MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Kuraray
Cabot Norit
ADA-ES
Datong Coal Jinding Activated Carbon
Ningxia Huahui Activated Carbon
Silcarbon Aktivkohle GmbH
Kureha Corporation
CarboTech AC GmbH
Donau Carbon
Others