Activated Carbon Market estimated to grow to USD 22.94 billion by 2034, registering a CAGR of 8.90%
The global activated carbon market was valued at USD 9.8 billion in 2024 and is expected to grow at a compound annual growth rate (CAGR) of 8.90% from 2025 to 2034.
Market Definition
The Activated Carbon market refers to the global industry involved in the production, distribution, and application of activated carbon—a highly porous form of carbon with exceptional adsorption properties. Activated carbon is produced primarily from carbon-rich raw materials such as coal, wood, coconut shells, and peat, through physical or chemical activation processes. It is widely used for purifying gases and liquids by removing impurities, contaminants, and pollutants.
Key Report Highlights
· The report highlights the key region that accounts for the highest revenue share in the global Activated Carbon market.
· It identifies the leading country within this region that makes a significant contribution to the market’s overall performance.
· The report outlines the dominant segment that holds a major share of the market.
· It also emphasizes the fastest-growing segment projected to gain strong traction during the forecast period.
· Qualitative and quantitative market analysis have been used to provide an in-depth understanding of the market.
Market Overview: Key Figures at a Glance
Market size value in 2025- USD 10.65 billion
Revenue forecast in 2034- USD 22.94 billion
CAGR- 8.90% from 2025 to 2034
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Market Growth Drivers
The growth of the Activated Carbon market is primarily driven by increasing environmental concerns and stringent regulations related to air and water pollution control. The rising global demand for clean and safe drinking water is significantly boosting the adoption of activated carbon in municipal and industrial water treatment applications. Additionally, the product’s effectiveness in removing contaminants such as chlorine, VOCs, and heavy metals makes it essential in water purification processes. The growing use of activated carbon in air purification systems, particularly for controlling industrial emissions and improving indoor air quality, also contributes to market expansion. Furthermore, the expansion of pharmaceutical, food and beverage, and automotive industries is fueling demand for activated carbon in decolorization, purification, and emission control applications. Increasing awareness of environmental sustainability and the growing shift toward renewable raw materials in activated carbon production are also supporting market growth.
Market Key Players
The competitive landscape features a mix of long-standing companies and emerging contenders. Leading players are actively pursuing R&D initiatives and strategic moves to strengthen their market position. Notable participants include
· Boyce Carbon
· Cabot Corporation
· Carbon Activated Corporation
· CarboTech AC GmbH
· CarbPure Technologies
· Donau Chemie AG
· Evoqua Water Technologies LLC
· Haycarb PLC
· Jacobi Carbons Group
· Kuraray Co.
· Kureha Corporation
· Osaka Gas Chemicals Co., Ltd.
· Oxbow Activated Carbon LLC
· Tantech Holdings Ltd
