The global activated carbon market is experiencing robust growth, fueled predominantly by the escalating demand for clean and safe drinking water worldwide. As populations grow and climate change exacerbates water scarcity issues, the need for effective water treatment solutions has become critical. Activated carbon, particularly granulated activated carbon (GAC), is witnessing significant uptake across various industries including water purification, air and gas filtration, and industrial processing.
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Rising Demand Amidst Water Scarcity Concerns
According to a World Health Organization (WHO) report, over 2 billion people live in water-stressed regions, a number expected to rise due to population growth and environmental factors. The impact of microbial contamination from faecal pollutants remains a pressing issue, affecting the safety of drinking water for millions globally.
In 2020, approximately 5.8 billion people had access to managed drinking water services, though significant gaps persist, with 2 billion people lacking safely managed services. This includes populations relying on untreated surface water and unprotected wells, highlighting the critical need for enhanced water purification technologies.
Key Market Drivers and Segment Growth
Granulated activated carbon (GAC) emerges as the fastest-growing segment within the activated carbon market. Its larger particle size enhances efficiency in removing contaminants from liquids, gases, and air, making it indispensable in various applications such as food and beverage processing, wastewater treatment, and environmental remediation.
Regional Insights: Asia Pacific Leads Market Growth
Asia Pacific stands as the largest consumer of activated carbon globally, driven by extensive use in water purification and industrial processes. Countries like China and India are pivotal markets, leveraging abundant coconut shell resources for activated carbon production. The region’s pharmaceutical, automotive, and industrial sectors further bolster demand, with China alone aiming to expand sewage treatment infrastructure significantly by 2025.
Competitive Landscape and Strategic Developments
Leading players in the activated carbon market, including Veolia, Kuraray Co. Ltd., and Calgon Carbon Corporation, are expanding operations and innovating new products to meet escalating demand. Veolia’s recent expansion in Japan’s water sector underscores strategic efforts to enhance operational capacities, while Calgon Carbon Corporation’s investment in new production lines reflects a proactive stance in scaling up manufacturing capabilities.