Extruded Activated Carbon Market Size, Share, Growth, and Industry Analysis, By Type (0.5-2 mm, 2-4 mm and Above 4mm), By Application (Desulfurization, Denitrification and Mercury Removal, Air Purification, Water treatment, Solvent Recovery and Other) and Insights and Forecast to 2031

Updated On: 06 May 2024

EXTRUDED ACTIVATED CARBON MARKET REPORT OVERVIEW

• 

• to learn more about this report

The global extruded activated carbon market size was USD 495.7 million in 2022 and will touch USD 598.4 million by 2028, exhibiting a CAGR of 3.2% during the forecast period.

Extruded activated carbon is a type of activated carbon that is formed into cylindrical or other shaped pellets using a process called extrusion. Activated carbon is a porous form of carbon with a high surface area, and it is widely used for adsorption of various substances from gases or liquids. The extrusion process involves forcing a mixture of activated carbon powder and a binder through a shaping tool, typically with small openings or dies. This results in the formation of uniform and compacted shapes, such as pellets or cylindrical rods. The extruded carbon is then typically hardened by heat treatment. The extrusion process allows for the production of activated carbon with consistent shapes and sizes, providing uniformity in performance.

Extruded carbon tends to have higher mechanical strength compared to other forms of activated carbon like granular or powdered varieties. This makes it more durable and less prone to breakage during handling or use. The extrusion process results in a product with lower dust content, which can be advantageous in applications where dusting is a concern. The extrusion process allows for the optimization of the pore structure of the activated carbon, tailoring it to specific applications and adsorption requirements.

COVID-19 Impact: Remote Work and Industrial Activity to Hinder Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic has led to disruptions in global supply chains due to lockdowns, restrictions, and changes in consumer demand. This could affect the production and distribution of activated carbon, impacting the availability of raw materials, manufacturing processes, and transportation. The demand for various products and services, including those that use squeezed out activated carbon, may have shifted during the pandemic. For example, changes in industrial production, air purification requirements, and water treatment needs could influence the demand for extruded activated carbon. Economic challenges resulting from the pandemic, such as reduced consumer spending and disruptions in various industries, could affect the overall economic environment in which companies in the activated carbon market operate. The shift to remote work and changes in industrial activity patterns may have influenced the demand for air purification systems, potentially impacting the market for activated carbon products.

LATEST TRENDS

"Environmental Regulations and Standards to Drive Market Growth"

Activated carbon, including extruded forms, is widely used in water treatment for the removal of contaminants and impurities. With growing concerns about water quality globally, there has been an increasing demand for activated carbon in water and wastewater treatment applications. The need for effective air purification systems has been on the rise, driven by concerns about indoor air quality and the impact of air pollution on health. Activated carbon, including extruded varieties, is utilized in air purification systems to adsorb odors, volatile organic compounds (VOCs), and other airborne pollutants. Stringent environmental regulations and standards regarding water and air quality have influenced the use of activated carbon in various industries. Compliance with these regulations has driven the adoption of activated carbon for pollution control purposes.

EXTRUDED ACTIVATED CARBON MARKET SEGMENTATION

• 

• to learn more about this report

• By Type

Based on type the global market can be categorized into 0.5-2 mm, 2-4 mm and Above 4mm.

Activated carbon with a particle size range of 0.5-2 mm consists of granules within this size range. Granular activated carbon (GAC) in this size range is commonly used in various applications. Activated carbon with a particle size range of 2-4 mm consists of granules within this size range. Granular activated carbon (GAC) in the 2-4 mm range is commonly used in various applications. Activated carbon with a particle size above 4 mm typically consists of larger granules or extruded forms.

• By Application

Based on application the global market can be categorized into desulfurization, denitrification and mercury removal, air purification, water treatment, solvent recovery and other.

Desulfurization, denitrification, and mercury removal are processes commonly employed in flue gas treatment systems to reduce the emission of sulfur dioxide (SO2), nitrogen oxides (NOx), and mercury from industrial facilities, particularly power plants. Air purification involves the removal of pollutants, odors, and contaminants from the air to improve indoor or outdoor air quality. Water treatment aims to purify water by removing impurities, contaminants, and undesirable substances, ensuring that water meets quality standards for various applications. Solvent recovery involves the extraction and reuse of solvents from industrial processes, minimizing waste and reducing environmental impact.

DRIVING FACTORS

"Air Purification and Gas Phase Applications to Augment the Market"

Growing concerns about water pollution and the need for effective water treatment solutions have driven the demand for extruded activated carbon market growth. It is widely used for the removal of organic impurities, chemicals, and contaminants from water sources. Rising Air Quality Concerns: The increasing awareness of indoor and outdoor air quality issues has led to a higher demand for activated carbon in air purification systems. It is effective in adsorbing odors, volatile organic compounds (VOCs), and other pollutants from the air. Compliance with Standards: Environmental regulations and standards related to water and air quality drive the adoption of activated carbon, including extruded forms, by industries seeking to comply with these regulations. Activated carbon is used to meet regulatory requirements for emissions control and water treatment.

"Food and Beverage Processing to Expand the Market"

The chemical and pharmaceutical industries use activated carbon in various processes, including the purification of chemicals and pharmaceutical products. It is employed for the removal of impurities and colorants. Decolorization and Purification: In the food and beverage industry, extruded activated carbon is utilized for decolorization and the removal of contaminants and undesirable flavors from liquids, such as sugar solutions and edible oils. Gold Recovery: Extruded activated carbon is employed in the gold mining industry for the recovery of gold from cyanide leach solutions. The activated carbon adsorbs the gold complexes, allowing for their subsequent recovery. The increasing emphasis on sustainability in industrial processes has driven the adoption of eco-friendly materials, including activated carbon. Companies are seeking sustainable and renewable sources for raw materials used in the production of extruded activated carbon.

RESTRAINING FACTOR

"Limited Applicability in Some Processes to Potentially Impede Market Growth"

The manufacturing process of activated carbon can involve additional steps compared to other forms of activated carbon, which may result in higher production costs. This cost factor can influence its adoption in certain applications where budget constraints are a significant consideration. Extruded activated carbon may not be suitable for certain applications due to its specific physical form. In processes where a granular or powdered form is more practical or effective, the extruded variety may not be the ideal choice. Competing Technologies: There are alternative adsorbents and purification technologies available in the market. Some industries may choose other materials or technologies based on cost-effectiveness, efficiency, or specific application requirements, reducing the demand for extruded activated carbon.

EXTRUDED ACTIVATED CARBON MARKET REGIONAL INSIGHTS

• 

• to learn more about this report

"Asia Pacific to Dominate the Market due to Water Treatment Needs"

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East &Africa

The Asia Pacific region has been a major consumer of extruded activated carbon market share, including extruded forms. The rapid industrialization in countries like China and India has increased the demand for water and air purification solutions, driving the use of activated carbon in various industries. With increasing population and urbanization, there is a growing need for water treatment in the region. Activated carbon is widely used for the removal of contaminants from water sources. Some countries in the Asia-Pacific region have implemented stringent environmental regulations, encouraging industries to adopt activated carbon for compliance with air and water quality standards.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of wardrobe options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. Moreover, these industry giants continually invest in research and development, introducing innovative designs, materials, and smart features, catering to evolving consumer needs and preferences. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Kuraray (Tokyo)
• Datong Coal Jinding Activated Carbon (China)
• Ningxia Huahui Activated Carbon (China)
• Inner Mongolia Taixi Coal Group (China)
• China Energy Investment Corporation (China)
• Norit (China)

INDUSTRIAL DEVELOPMENT

March,2020: The chemical and pharmaceutical industries have recently started using extruded activated carbon in purification processes. It helps in removing impurities, colorants, and undesirable substances from chemicals and pharmaceutical products.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.