Activated Carbon Procurement Intelligence Report, 2030

Activated Carbon Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: ---
  • Base Year for Estimate: 2022
  • Report ID: GVR-P-UC-085
  • Format: Electronic (PDF)
  • Historical Data: 2020 - 2021
  • Number of Pages: 0

Activated Carbon Category Overview

The activated carbon category is anticipated to grow at a CAGR of 2.6% from 2023 to 2030. In 2022, the category size was estimated to be valued at USD 3.62 billion with the Asia Pacific region accounting for 51% of the overall share due to its profitable coconut shell industry. The key raw materials used in granular activated carbon production are coal and coconut shell charcoal. In terms of end-use applications, the category can be classified into - purification and treatment of air and water, power plant and landfill gas emissions, food and beverages processing, health care, automotive, and precious metal recovery. The increasing industrial and domestic applications further fuel the category expansion. For instance,    

  • To reduce mercury (Hg) emissions, many WTE(Waste-to-Energy) facilities have adopted a powdered injection system that has an impact on the category's expansion.

  • The extensive use of the substance in the mining sector, notably in the purification of gold where it serves as an efficient adsorbent, accelerates the growth of the product business.

The category can be segmented into powder, extruded, pellets, and granular forms based on the product type. The demand will remain steady due to the increasing focus on environmental recovery and protection. Activated carbon are increasing in popularity due to their porous structure and versatility. This has in turn increased the use of these adsorbents widely.

Recently, there has been an increase in interest in using activated carbon generated from forestry, municipal, industrial, and agricultural bio-waste.These bio-resources are affordable, widely accessible, renewable, and environmentally friendly. For instance, in 2021, Tantech announced the launch of its ''Variety Combination Honeycomb Activated Carbon", an innovative environment friendly exhaust gas purification product, which can effectively reduce odors and pollutants. It is ideally suitable for the treatment of large air volumes, indoor air purification and low concentration factory organic waste gas.

The water treatment segment will dominate over the forecasted period due to an increase in industrial activities. In July 2021, Veolia won the water management contract, named “Miyagi Water and WasteWater Concession Project”, for Japan's Miyagi Prefecture. Through this deal, Veolia was able to advance the growth of its water business in Japan. This concession agreement covers 20 years of operations and maintenanceand renovation work at eight treatment facilities, which have a combined daily treatment capacity of more than 900,000 m3.

The production cost of the category depends on the plant capacity and the cost of raw materials, labor, energy, and equipment. The shortage of raw materials such as coconut shells results in higher manufacturing costs. Exporters' profit margins are impacted by rainfall as prices of coconut shells rise due to scarcity. Coal is another important raw material in production. Recently its prices have started to decline in the second half of 2022, although remaining much higher than their 5-year average. Fluctuation in currency exchange, trade policies, import/export regulations and purchase tax add to the cost of procurement and has a major impact on smaller and new companies.

Nations across the world are implementing carbon price regulations.With the emergence of Covid-19, a massive surge in the price of activated charcoal is seen due to the increasing demand for masks and other primary protection gears. Continuous conflicts, rising crude oil prices, and escalating freight costs are all contributing to a steady price rise in the EU.Asia-Pacific has been the largest consumer in terms of regional demand, primarily because of its substantial population, rapid industrialization, and growing environmental concerns. North America and Europe also contribute significantly to the global category, driven by the stringent environmental regulations and focus on sustainability. This category is highly competitive and fragmented with the presence of several key players including Kuraray Co., Haycarb PLC, Cabot Corporation, and Jacobi Carbon Group. 

Activated Carbon Procurement Intelligence Report Scope 

Report Attribute


Activated Carbon Category Growth Rate (CAGR)

CAGR of 2.6% from 2023 to 2030

Base Year for Estimation


Pricing growth Outlook

5 - 9%

Pricing Models

Volume-based pricing model, spot pricing model

Supplier Selection Scope

Cost and pricing, Past engagements, Productivity, Geographical presence

Supplier selection criteria

Ability to remove contaminants, type of end-use application (wastewater treatment/air treatment/mercury removal/others), weight of compound, form (granular/extruded/pellet/others)

technical specifications, operational capabilities, regulatory standards and mandates, category innovations, and others.

Report Coverage

Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies profiled

Cabot Corporation, Carbon Activated Corporation, CARBOTECH, CPL Activated Carbons, Donau Carbon, Haycarb, Jacobi Carbons, Kuraray, Puragen Activated Carbon, and Veolia Water Technologies

Regional scope


Revenue Forecast in 2030

USD 4.45 billion

Historical data

2020 - 2021

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Customization scope

Up to 48 hours of customization free with every report.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Frequently Asked Questions About This Report

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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