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The global activated carbon market was valued at USD 4.74 Billion in 2015 and is projected to reach USD 8.12 Billion by 2021, at a CAGR of 9.4% from 2016 to 2021. The market size in terms of volume was 2,743.4 KT in 2015, and is projected to reach 3857.9 KT by 2021, at a CAGR of 8.4% from 2016 to 2021. As the world shifts its focus to environmental recovery and protection, The use of activated carbon will remain a key tool. The porous structure of the material, along with its versatility, have made it one of the most widely used adsorbents on the market, with demand set to remain healthy, as numerous factors drive the need for this versatile material. Activated carbon is used in various industries for air purification, groundwater remediation, spill clean up and drinking water filtration. Governments across the globe are offering subsidies for water as well as air purification. These grants coupled with rapid industrialization particularly in regions such as Asia Pacific is forecasted to benefit the overall global market growth. Growing air purification demand in domestic as well as commercial applications is presumed to aid the market further.

Activated Carbon End-use Insights

In 2015, Air and water treatment end use held over 80% of the overall market revenue. The segment is expected to continue its dominance over the next eight years.

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Activated Carbon Industry Insights

Growing awareness of water as well as air purification anticipated to benefit the overall market growth over the forecast period.