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United States Activated Carbon Market

United States Activated Carbon Market

United States Activated Carbon Market, By Type (Powdered Activated Carbon, Granular Activated Carbon); By Raw Material (Coal, Coconut, Wood, Peat); By Application (Liquid Phase, Gas Phase); By End Use Industry (Water Treatment, Food & Beverages, Pharmaceutical & Medical, Automotive, Industrial), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: October 2024
  • Report ID: BWC24739
  • Available Format: PDF
  • Page: 130

Report Overview

An increasing need of activated carbon for air and water purification, stringent environmental regulations, rapid industrialization, and emerging applications of activated carbon in healthcare and pharmaceuticals sector are expected to drive United States Activated Carbon Market during the forecast period between 2024 and 2030.

United States Activated Carbon Market – Industry Trends & Forecast Report, 2030

United States Activated Carbon Market size by value was estimated at USD 980.63 million in 2023. During the forecast period between 2024 and 2030, United States Activated Carbon Market size is expected to expand at a CAGR of 3.10% reaching a value of USD 1,285.22 million by 2030. United States Activated Carbon Market is driven by several key factors, including the increasing need for air and water purification systems due to stringent environmental regulations. The market also benefits from growing industrialization and urbanization, which heighten the demand for effective pollution control measures. Additionally, emerging applications in the medical and pharmaceutical sectors contribute to market growth.

United States Activated Carbon Market

Activated Carbon – Overview

Activated carbon, also known as activated charcoal, is a highly porous form of carbon with a large surface area, making it an effective adsorbent for removing contaminants from air and water. It is produced from carbon-rich materials like coconut shells, wood, and coal through a process that increases its porosity. Activated carbon is widely used in applications such as water purification, air filtration, and medical treatments for poisoning.

United States Activated Carbon Market     

Growth Drivers

Increasing Environmental Concerns

Growing environmental concerns are a significant driver for United States Activated Carbon Market. Stricter regulations on air and water pollution have heightened the demand for activated carbon in purification systems. The Mercury and Air Toxics Standards (MATS) regulation, for instance, mandates mercury emission control in coal-fired power plants. This regulatory push, combined with rising public awareness about environmental sustainability, is propelling the market forward.

Challenges

High Production Costs

United States Activated Carbon Market faces a significant restraint due to the high cost of raw materials. Dependence on coconut shells and the scarcity of raw ingredients have led to increased prices, impacting market growth. Additionally, natural disasters pose a threat by potentially destroying raw material sources, further disrupting the market's value chain. This challenge is compounded by the narrower markets for certain activated carbon grades. 

Impact of Escalating Geopolitical Tensions on United States Activated Carbon Market

United States Activated Carbon Market is not immune to the effects of escalating geopolitical tensions. Such tensions could lead to fragmented carbon markets, with countries prioritizing national interests over global cooperation. In scenarios where geopolitical standoffs are fierce, the market may see limited bilateral collaborations, affecting the trade and quality standards of activated carbon. Economic incentives might eventually bridge political divides, but the uncertainty can hinder investments and slow down the market's progress. Moreover, geopolitical conflicts can disrupt supply chains and raw material availability, further escalating production costs and impacting the market's stability. The United States Activated Carbon Market must navigate these challenges carefully to maintain its growth trajectory in a volatile global landscape.

United States Activated Carbon Market

Segmental Information

United States Activated Carbon Market – By Type

By type, United States Activated Carbon Market is divided into Powdered Activated Carbon and Granular Activated Carbon segments. The powdered activated carbon (PAC) segment holds a larger share of United States Activated Carbon Market. The PAC segment’s dominance is attributed to its high adsorption capacity, making it suitable for a wide range of applications, including water treatment. PAC is recognized for its cost-effectiveness and efficiency in removing contaminants, contributing to its significant market presence.

United States Activated Carbon Market Size

United States Activated Carbon Market – By Application

Based on application, United States Activated Carbon Market is divided into Liquid Phase and Gas Phase segments. The liquid phase segment accounts for a higher share of United States Activated Carbon Market by application, due to its extensive use in water treatment applications, including wastewater treatment, food-grade applications, groundwater remediation, chemical purification, portable water treatment, and odor removal. The demand for liquid-phase activated carbon is driven by its efficiency in adsorbing contaminants and its role in complying with stringent environmental regulations. This segment's prominence underscores the critical importance of clean water in various industrial and municipal applications.

United States Activated Carbon Market Demand

United States Activated Carbon Market – By Raw Material

On the basis of raw material, United States Activated Carbon Market is divided into Coal, Coconut, Wood, and Peat segments. The coal segment is the largest raw material used in United States Activated Carbon Market. Coal's leading position is bolstered by its abundant availability and its efficacy in producing high-grade activated carbon suitable for a multitude of applications, ranging from water purification to air filtration.

Competitive Landscape

Key players in the highly competitive United States Activated Carbon Market include Calgon Carbon Corporation, Cabot Corporation, Jacobi Carbons, Ingevity, Donau Chemie Group, Kuraray Co., Ltd, and CarbUSA. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In July 2024 - Calgon Carbon Corporation expanded its production capacity to meet the growing demand for activated carbon in water treatment applications.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Million 

Market Coverage

United States

Product/Service Segmentation

Type, Raw Material, Application, End Use Industry

Key Players

Calgon Carbon Corporation, Cabot Corporation, Jacobi Carbons, Ingevity, Donau Chemie Group, Kuraray Co., Ltd, CarbUSA

 

By Type

  • Powdered Activated Carbon

  • Granular Activated Carbon

By Raw Material

  • Coal

  • Coconut

  • Wood

  • Peat

By Application

  • Liquid Phase

  • Gas Phase

By End Use Industry

  • Water Treatment

  • Food & Beverages

  • Pharmaceutical & Medical

  • Automotive

  • Industrial

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. United States Activated Carbon Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Increasing Environmental Concerns
        2. Growth of the Pharmaceutical Industry
        3. Expansion of the Food and Beverage Industry
      2. Restraints
        1. High Production Costs
        2. Stringent Environmental Regulations
      3. Opportunities
        1. Rising Demand for Gold Recovery
        2. Advancements in Energy Storage
      4. Challenges
        1. Presence of Substitutes
        2. Fluctuations in End-User Industries
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. United States Activated Carbon Market: Marketing Strategies
  5. United States Activated Carbon Market: Pricing Analysis
  6. United States Activated Carbon Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Powdered Activated carbon
        2. Granular Activated Carbon
        3. Others
      2. By Raw Material
        1. Coal
        2. Coconut
        3. Wood
        4. Peat
        5. Others
      3. By Application
        1. Liquid Phase
        2. Gas Phase
      4. By End Use Industry
        1. Water Treatment
        2. Food & Beverages
        3. Pharmaceutical & Medical
        4. Automotive
        5. Industrial
        6. Others
  7. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. United States Activated Carbon Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  8. Impact of Escalating Geopolitical Tension on United States Activated Carbon Market
  9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Calgon Carbon Corporation
    2. Cabot Corporation
    3. Jacobi Carbons
    4. Ingevity
    5. Donau Chemie Group
    6. Kuraray Co., Ltd
    7. CarbUSA
    8. Other Prominent Players
  10. Key Strategic Recommendations
  11. Research Methodology
    1. Qualitative Research
      1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
    4. Breakdown of Primary Research Respondents, By country
    5.   Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

 

 

List of Figures

 

Figure 1       United States Activated Carbon Segmentation

Figure 2       United States Activated Carbon Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       United States Activated Carbon Market Size, By Value (USD Million), 2019–2030

Figure 5       United States Activated Carbon Market Share, By Type, By Value, 2019–2030

Figure 6       United States Activated Carbon Market Share, By Raw Materials, By Value, 2019–2030

Figure 7       United States Activated Carbon Market Share, By Application, By Value, 2019–2030

Figure 8       United States Activated Carbon Market Share, By End Use Industry, By Value, 2019–2030

 

List of Tables

 

Table 1        United States Activated Carbon Market Size, By Value (USD Million), 2019–2030

Table 2        United States Activated Carbon Market Size, By Type, By Value, 2019–2030

Table 3        United States Activated Carbon Market Size, By Raw Materials, By Value, 2019–2030

Table 4        United States Activated Carbon Market Size, By Application, By Value, 2019–2030

Table 5        United States Activated Carbon Market Size, By End Use Industry, By Value, 2019–2030

Table 6        Calgon Carbon Corporation Company Overview

Table 7        Calgon Carbon Corporation Financial Overview

Table 8        Cabot Corporation Company Overview

Table 9        Cabot Corporation Financial Overview

Table 10      Jacobi Carbons Company Overview

Table 11      Jacobi Carbons Financial Overview

Table 12      Ingevity Company Overview

Table 13      Ingevity Financial Overview

Table 14      Donau Chemie Group Company Overview

Table 15      Donau Chemie Group Financial Overview

Table 16      Kuraray Co., Ltd Company Overview

Table 17      Kuraray Co., Ltd Financial Overview

Table 18      CarbUSA Company Overview

Table 19      CarbUSA Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: What is the current Market size of United States Activated Carbon Market by value?
Ans: United States Activated Carbon Market by value is expected to grow at a CAGR of 3.10% during the forecast period between 2024 and 2030.
Ans: United States Activated Carbon Market size is forecast to reach a value of USD 1,285.22 million by 2030.
Ans: Growth of United States Activated Carbon Market is primarily driven by air and water purification needs, stringent environmental regulations, industrialization, and emerging applications in healthcare and pharmaceuticals.
Ans: Key players in United States Activated Carbon Market include Calgon Carbon Corporation, Cabot Corporation, Jacobi Carbons, Ingevity, Donau Chemie Group, Kuraray Co., Ltd, and CarbUSA.
Ans: Coal segment accounts for the largest market share of United States Activated Carbon Market by raw material.
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