Activated Carbon Market Size 2023 Trending Technologies, Industry Growth, Share, Business Trends 2030

In today's global landscape, the demand for clean, safe, potable water is surging, propelling the expansion of the activated carbon market within the water treatment industry. Carbon Activated Corp., a notable player, exemplifies this trend with its innovative industrial and municipal groundwater filter systems in the United States, alongside VOC/siloxane removal systems in biogas engines across Europe. The rapid population growth worldwide has heightened consumer demand for freshwater, thereby increasing the adoption of water purification technologies. Consequently, the global activated carbon market is set to experience robust growth prospects in the near future.

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Challenges and Opportunities in Water Stressed Nations

According to the World Health Organization (WHO), over 2 billion people reside in nations facing water stress, a predicament exacerbated by climate change and population expansion. Alarmingly, a significant portion of the global population, approximately 2 billion individuals, consume water contaminated with fecal matter, posing severe health risks due to microbial contamination. In 2020, around 5.8 billion people accessed properly managed drinking water services, ensuring access to improved on-premises water sources free from contaminants. However, WHO estimates reveal that 2 billion people lacked access to safely managed water services, with varying degrees of access and quality across regions.

Diverse End-use Industries Fuel Market Growth

The granulated activated carbon (GAC) segment is anticipated to lead the market's growth trajectory, driven by high demand from various sectors including water treatment, air purification, and gas purification. GAC's larger particle size enables effective removal of pollutants from liquids, air, and gases, making it indispensable in sectors such as food and beverage for removing contaminants like odors and colors. Moreover, its applications extend to wastewater treatment, where it effectively removes industrial pollutants, heavy metals, and pesticides. The ease of regeneration and reusability of GAC further augments its demand and market expansion.

Asia Pacific Emerges as a Key Market Hub

Asia Pacific stands out as the largest consumer of activated carbon globally, driven by its robust market for coconut shell-based activated carbon, widely used in water purification and gold mining applications. Countries like India, Indonesia, and the Philippines supply significant quantities of coconut shells, vital for activated carbon production. China, particularly, leads both in consumption and production of activated carbon, supported by its expansive pharmaceutical and industrial sectors. The country's stringent environmental regulations and infrastructural developments in water treatment further bolster market growth.

Competitive Landscape and Strategic Initiatives

The global activated carbon market witnesses intense competition with companies continuously innovating and forging strategic alliances. For instance, Veolia expanded its water business in Japan through a significant concession project, emphasizing operational efficiency and sustainability. Similarly, Calgon Carbon Corporation's expansion plans underscore the market's dynamism, with investments aimed at enhancing production capacities to meet escalating global demand.

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