Activated Carbon Market

Updated on : June 19, 2024

The activated carbon market size is estimated to be USD 4.4 billion in 2023, and it is projected to reach USD 8.4 billion by 2030 at a CAGR of 9.8%. The global Activated carbon industry is undergoing significant growth, driven by its wide range applications and the rising demand for sustainable alternatives. Most manufacturers in this market are based in North America and Asia Pacific.  Daigas Group (Japan), Kuraray Co., Ltd. (Japan), Haycarb PLC (Sri Lanka), Norit (Netherlands), and Kureha Corporation (Japan) are among the leading players operating in the activated carbon market. These players have adopted various growth strategies to strengthen their position in the market. This includes expansions and acquisition activities further to expand their presence in the activated carbon market.

Activated Carbon Companies

Daigas Group (Japan)

The Osaka Gas Group has transitioned to a new identity as the Daigas Group. In 2018, the company introduced its fresh group brand, "Daigas Group." The company is involved in natural gas production and operates across multiple sectors. The Domestic Energy segment focuses on manufacturing, supplying, and selling city gas, gas appliances, liquefied natural gas, liquefied petroleum gas, industrial gas, and electricity generation. The International Energy segment is dedicated to natural gas and petroleum developments and investments, along with the leasing of transport tankers. The Life and Business Solutions segment provides information processing services and markets fine materials and carbon products.

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Kuraray Co., Ltd. (Japan)

Kuraray Co., Ltd. specializes in manufacturing functional resins, high-performance materials, fibers & textiles, medical products, and synthetic rayon. The company operates through multiple segments, including Vinyl Acetate, Functional Materials, Isoprene, Trading, Fibers and Textiles, and Other Businesses. Within the Functional Materials segment, Kuraray Co., Ltd. produces activated carbon as part of its Environmental Solutions Division. In the Vinyl Acetate segment, the company domestically manufactures polyvinyl alcohol (PVA) resin, optical PVA film, and EVAL gas barriers. The Isoprene segment is dedicated to the production of isoprene, fine chemicals, GENESTAR, SEPTON, liquid rubber, and KURARITY acrylic thermoplastic elastomer. Under the Functional Materials segment, various products such as methacrylic resin, CLARINO, and dental materials are offered for the medical business. The Fibers and Textiles segment includes the sale of products like KURALON, polyester staples, KURAFLEX, hook and loop fasteners, among others. The Trading segment is involved in importing, exporting, and wholesaling fibers and textiles, including polyester filament and chemicals.

Haycarb PLC (Sri Lanka)

Haycarb PLC is a prominent manufacturer and marketer of coconut shell-activated carbon, operating across two segments: Activated Carbon and Environmental Engineering. The company offers a diverse range of activated carbon products, including standard, washed, and impregnated granular, powder, and extruded pellet varieties. These products cater to various applications in water treatment, air treatment, gold recovery, the food and beverage industry, energy storage, and more.

Norit (Netherlands)

Norit offers an extensive array of products, services, and technical assistance, primarily specializing in activated carbon solutions. These solutions serve diverse industries such as water treatment, food & beverage, dairy, pharmaceuticals, chemicals, sweeteners, and remediation. In addition to its range of activated carbon products, Norit offers reactivated activated carbon, mobile filters, and powdered carbon dosing units. After being acquired by Cabot Corporation in 2012, Norit regained independence in 2022 and was subsequently acquired by One Equity Partners, with a renewed focus solely on its activated carbon business.

Kureha Corporation (Japan)

Kureha Corporation specializes in manufacturing and distributing chemical products tailored for pharmaceuticals, agrochemicals, and packaging materials. The company operates across several segments: Advanced Materials, Specialty Chemicals, Specialty Plastics, Construction, and Other Operations. Within the Advanced Materials segment, Kureha produces polyphenylene sulfide (PPS) resin, polyvinylidene fluoride, and carbon products. The Specialty Chemicals segment focuses on developing and marketing industrial chemicals, pharmaceutical products, and pesticides. Specialty Plastics include food packaging materials and household goods. The Construction segment provides construction and engineering services, while the Other Operations segment encompasses environmental-related businesses and logistics operations.

Related Reports:

Activated Carbon Market by Type (Powdered Activated Carbon, Granular Activated Carbon), Application (Liquid Phase Application, and Gas Phase Application), End-Use Industry, Raw Material (Coal, Coconut, Wood, Peat), and Region - Global Forecast to 2030

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