Global Coal Based Activated Carbon Market Insights Forecasts to 2033

• The Global Coal Based Activated Carbon Market Size was estimated at USD 4.19 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 5.97% from 2023 to 2033
• The Worldwide Coal Based Activated Carbon Market Size is Expected to Reach USD 7.48 Billion by 2033
• North America is expected to grow the fastest during the forecast period.

The Global Coal Based Activated Carbon Market Size is expected to cross USD 7.48 Billion by 2033, growing at a CAGR of 5.97% from 2023 to 2033. The strong need for coal-based activated carbon in purification which eliminates colorants, odors, and other pollutants found in raw materials or production by-products is the main factor driving the growth of coal based activated carbon market.  

Market Overview  

The industry and commercial activity pertaining to activated carbon derived from coal is known as the "Coal-Based Activated Carbon Market." The high surface area substance known as activated carbon is used to filter or absorb contaminants from liquids and gasses. The demand for air and water filtering in industry, environmental laws, the need for sustainable and energy-efficient solutions, and technological developments in activation processes are some of the factors involved in the coal-based activated carbon market. In developing economies, governments are investing in water treatment technology to improve their capacity to supply drinkable water and satisfy the increasing demand. The use of coal-based activated carbon is anticipated to be driven by these factors on the global market. The market has grown even more as a result of increased air and water pollution brought on by urbanization and industry. The growing use of water treatment and air purification techniques is one of the main reasons driving the growth of coal based activated carbon market. The growth in market is anticipated to be driven by the growing demand for coal-based activated carbon in food and drinks.       

Report Coverage

This research report categorizes the coal based activated carbon market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the coal based activated carbon market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the coal based activated carbon market.

Driving Factors

The growing use of activated carbon in water treatment and air purification is the primary factor driving the coal-based activated carbon market growth. The governments of emerging economies should make investments in the water treatment sector in order to improve their capacity to supply potable water and meet the increasing demand which drives the growth of coal based activated carbon market.

Restraining Factors

Crude oil price fluctuations have a significant effect on the value chain of the chemical, petrochemical, and related industries, which would operate as a market limitation and restrict the expansion of the coal-based activated carbon market.   

Market Segmentation

The coal based activated carbon market share is classified into product and end use.       

• The powdered activated carbon segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the product, the coal based activated carbon market is divided into powdered activated carbon, granular activated carbon, and others. Among these, the powdered activated carbon segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Powdered activated carbon is appropriate for a number of industries, including the food and beverage, automotive, and pharmaceutical sectors, due to its exceptional adsorption capability and distinctive pore structure.

• The water treatment segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the end use, the coal based activated carbon market is divided into water treatment, food and beverage processing, pharmaceutical and medical, automotive, air purification, and others. Among these, the water treatment segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The water treatment segment is predicted to expand as a result of the growing usage of coal-based activated carbon in both large-scale and small-scale water systems to remove organic matter and chlorine.       

Regional Segment Analysis of the Coal Based Activated Carbon Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the coal based activated carbon market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the coal based activated carbon market over the predicted timeframe. The need for mercury removal solutions and water treatment is anticipated to increase as a result of government activities in the Asia Pacific region to boost the manufacturing sector in nations like China, India, and South Korea. These elements support the rising demand for activated carbon made from coal. The expansion is ascribed to both the region's growing demand for products and consumers' growing awareness of the product market. 

North America is expected to grow at the fastest CAGR growth of the coal based activated carbon market during the forecast period. It is projected that the demand for coal-based activated carbon would rise sharply after the United States Environmental Protection Agency (U.S. EPA) fully implements the Mercury and Air Toxics Standards. The market's intense focus on product development has pushed producers to spend money on RandD in order to produce new and improved coal-based products.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the coal based activated carbon market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cabot Corporation
• Arkema
• Kuraray Co. Ltd.
• Donau Carbon GmbH
• Kureha Corporation
• Haycarb PlcVeolia
• CarboTech
• Veolia
• Calgon Carbon Corporation
• Oriental International (Pvt) Ltd.
• Evoqua Water Technologies Corp.
• Osaka Gas Co., Ltd.
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In May 2024, Arq Inc., a manufacturer of activated carbon and other environmentally friendly carbon products for use in sustainable materials and purification, announced the signing of its first sales contract for the delivery of GAC made from its special feedstock made from purified bituminous coal waste at its key Red River facility.   

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the coal based activated carbon market based on the below-mentioned segments: 

Global Coal Based Activated Carbon Market, By Product  

• Powdered Activated Carbon
• Granular Activated Carbon
• Others 

Global Coal Based Activated Carbon Market, By End Use

• Water Treatment
• Food and Beverage Processing
• Pharmaceutical and Medical
• Automotive
• Air Purification
• Others

Global Coal Based Activated Carbon Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East and Africa