Activated Carbon Market Analysis by Mordor Intelligence
The Activated Carbon Market size is estimated at USD 4.83 billion in 2025, and is expected to reach USD 5.79 billion by 2030, at a CAGR of 5.30% during the forecast period (2025-2030). Stringent water-quality rules, rapid industrialization in Asia-Pacific, and rising demand for specialty grades in pharmaceutical, mining, and advanced air-filtration processes propel growth. Coconut-shell feedstock remains the premium raw material for high-performance grades, yet tightening supply and volatile coal prices are spurring vertical integration and exploration of alternative precursors. Regulatory momentum anchors long-term demand for granular products, most notably the U.S. EPA’s 2024 PFAS drinking-water standard naming granular activated carbon (GAC) as Best Available Technology. Simultaneously, powdered activated carbon (PAC) is pivotal in mercury-emission control for coal-fired utilities, while wood-based carbons attract investment through sustainable production breakthroughs. Manufacturers able to secure raw-material certainty, invest in reactivation capacity, and bundle digital monitoring services are best positioned to capture upcoming contracts.
Key Report Takeaways
- By raw material, coconut-shell grades led with 36.5% of activated carbon market share in 2024, while wood-based variants are forecast to advance at a 5.8% CAGR to 2030.
- By form, GAC commanded 50% revenue share in 2024 and is projected to grow at a 6.33% CAGR through 2030.
- By application, drinking-water treatment accounted for 49% share of the activated carbon market size in 2024; decolorization applications are set to rise at a 5.71% CAGR by 2030.
- By end-user industry, water-treatment operators held 46% revenue share in 2024 and are expanding at a 6.18% CAGR through 2030 as utilities budget for PFAS compliance.
- By region, Asia-Pacific dominated with a 63% share in 2024 and exhibits the fastest regional CAGR of 6.11% to 2030, buoyed by industrial growth and tight environmental standards in China, India, and Southeast Asia.
Global Activated Carbon Market Trends and Insights
Driver Impact Analysis
| Drivers | (~) % Impact on Market CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Conformance to Environmental Regulations in Water Treatment | +1.8 | North America and Europe | Medium term |
| Air Pollution Control (Mercury Removal) | +1.2 | North America and China | Medium term |
| Growing Water Purification Demand | +1.6 | Global, with emphasis on Asia-Pacific | Long term |
| Gold Mining and Metal Recovery | +0.9 | Australia, South Africa, North America | Medium term |
| Agriculture and Agrochemicals Demand | +0.4 | Global | Long term |
| Source: Mordor Intelligence | |||
PFAS-Compliance Regulations for Drinking Water
The U.S. EPA’s April 2024 National Primary Drinking Water Regulation capped six PFAS compounds and formally lists GAC as Best Available Technology, compelling all U.S. public water systems to start monitoring in 2027 and fully comply by 2029. The mandate next brings a projected USD 1.55 billion annual market for activated carbon systems, supported by validated removal efficiencies surpassing 99% for PFOA and PFOS. European utilities preparing for tighter PFAS and micro-pollutant thresholds have begun replicating these specifications, creating an export window for U.S. and Japanese suppliers. System retrofits frequently integrate GAC media, stainless-steel contactors, and on-site reactivation service contracts, locking in multi-year replacement volumes. Suppliers with rapid-turnaround reactivation kilns and digital bed-life analytics gain competitive headroom during bid evaluations.
Air-Pollution Control for Coal-Fired Utilities
More than 135 North American plants, representing over 55 GW of capacity, currently deploy powdered-carbon injection systems that achieve more than 90% mercury capture[1]Federal Register, “National Emission Standards for Hazardous Air Pollutants,” federalregister.gov. The EPA’s May 2024 technology review further narrows allowable mercury and particulate limits, making PAC the lowest-cost retrofit for owners unwilling to invest in wet-scrubber upgrades. Chinese regulators are also reshaping flue-gas norms, accelerating adsorption-based solutions for smaller boilers. Powder formulations tailored for elevated injection temperatures and strict loss-on-ignition thresholds are in short supply, enabling premium pricing for U.S. coconut-shell PAC grades that resist pore blocking.
Expanding Water-Purification Demand in Emerging Economies
Asia-Pacific added over 12,000 MLD of municipal treatment capacity during 2024, and expansion plans for 2025-2028 explicitly include activated carbon filtration beds. Solutions such as Veolia’s ACTIFLO CARB integrate PAC flash-mix stages that remove 95% of pesticide residues, filling critical gaps where conventional sedimentation fails. Increasing urban water stress in India and Indonesia drives state tenders specifying coconut-shell-based carbons to maximize adsorption capacity within confined plant footprints. Suppliers pairing carbon media with remote-monitoring meters that predict breakthrough points are displacing commodity offerings.
Gold Mining and Metal-Recovery Requirements
Carbon-in-Pulp (CIP) and Carbon-in-Leach (CIL) plants worldwide treat declining-grade ores, pushing demand for carbons that sustain high attrition resistance under severe agitation. Coconut-shell products deliver optimal hardness and maintain gold loading beyond 30 g Au/kg carbon before elution, giving them a cost advantage despite tight feedstock supplies. Newer bio-based carbons piloted in Latin America promise comparable performance, but commercial deployment remains years away.
Restraint Impact Analysis
| Restraints | (~) % Impact on Market CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Coconut Shell Feedstock Supply Chain Disruption | -1.1 | Asia-Pacific, with a global impact | Short term |
| Escalating Kiln-grade Coal Prices | -0.8 | Global | Short to Medium term |
| High Capital Intensity of Reactivation Plants | -0.5 | Global | Long term |
| Source: Mordor Intelligence | |||
Feedstock Supply Disruption for Coconut Shells
Tropical nations supply more than 80% of global coconut-shell char, and harvest setbacks caused by cyclones in the Philippines cut feedstock availability during 2024. Producers such as Carbon Activated Corporation accelerated vertical integration, opening a second char plant in Sri Lanka while lining up overflow supply agreements with Chinese shell-char exporters. Contingency plans involve qualifying hardwood chips and palm-kernel shells, yet such alternatives often produce broader pore distributions that reduce removal efficiency for PFAS and precious-metal ions.
Volatile Kiln-grade Coal Pricing
Coal-based carbon producers absorb higher energy and precursor costs, narrowing the historical price gap versus coconut-shell GAC. Utilities operating captive reactivation kilns report that coal increases the cost of finished carbon, forcing price renegotiations on multi-year supply contracts. Some manufacturers hedge risk through long-term coal offtake agreements, while others retrofit kilns for biomass-gas firing.
Segment Analysis
By Raw Material: Coconut-shell Grades Remain Premium Amid Supply Uncertainty
Coconut-shell products captured 36.5% of the activated carbon market in 2024, reflecting superior micropore distributions that excel at PFAS adsorption and gold-loading tasks. Hardness values exceeding 99% minimize fragmentation during backwashing, extending bed life in municipal filters. Asia-Pacific mill expansions, however, compete fiercely for shell char, and 2024 weather disruptions spotlighted the vulnerability of single-source procurement.
Wood-based carbons are the fastest-advancing alternative, rising at a 5.8% CAGR on the back of certified sustainable forestry programs and pyrolysis improvements that yield high iodine numbers. Coal-based variants remain cost-effective for flue-gas and solvent-recovery duties where tight micropore volume is less critical. Although promising, academic work on sludge- and sawdust-derived carbons is still at pilot scale, leaving mainstream producers dependent on legacy precursors.
Note: Segment shares of all individual segments available upon report purchase
By Form: GAC Consolidates Leadership Through Lifecycle Economics
Granular products held a commanding 50% share in 2024 and are forecast to record the highest 6.33% CAGR through 2030, thanks to their reactivation capability and consistent head-loss performance in packed beds[2]U.S. Environmental Protection Agency, “Technical Support Document – Technologies and Cost for Removing PFAS from Drinking Water,” epa.gov. Extruded/pelletized carbons address applications such as solvent vapor adsorption, compressed-air drying, and automotive canisters where low pressure drop and high crush strength are paramount. GAC design considerations focus on uniform particle size to reduce channeling, while innovative vapor-phase GAC units integrate temperature swing adsorption that regenerates beds in situ with electric heaters.
Powdered grades, although less reusable, capture share in markets requiring high surface-area products delivered rapidly, illustrated by disaster-relief water packs capable of treating turbid sources within hours. Pelletized offerings are now pivoting toward biogas purification, with European landfill-gas operators procuring pellets infused with sulfur-impregnated additives for hydrogen-sulfide removal. Long-term, environmental disposal rules and carbon-footprint accounting may tilt economics further toward regenerable GAC systems, strengthening their outsized contribution to activated carbon market growth.
By Application: Water Treatment Dominates While Decolorization Accelerates
Drinking-water treatment applications accounted for 49% of global demand in 2024 as utilities responded to emerging-contaminant mandates. The activated carbon market size for potable-water systems is projected to grow 6.18% annually to 2030. Bed-contact and empty-bed-contact times are being recalibrated to tackle shorter-chain PFAS, extending GAC change-out frequency from 12 to 8 months in pilot studies.
Decolorization processes, covering sugar refining, juice clarification, and pharmaceutical intermediates, present the fastest CAGR at 5.71%. These plants often specify acid-washed, low-ash carbons that minimize leachables and meet food-contact regulations. Adsorptive decolorization replaces older ion-exchange resins where temperature or pH variability hampers resin performance, thus broadening the customer base for high-purity carbons.
By End-User Industry: Utilities And Industry Converge on Advanced Purification
Water-treatment utilities remained the largest customer segment with 46% of 2024 revenue, reflecting regulatory tailwinds in the United States, Europe, and East Asia. Utilities now bundle supply contracts with on-site reactivation service clauses, locking in six- to eight-year commitments that significantly stabilize vendor cash flows. The activated carbon market share for utility buyers is expected to widen as PFAS deadlines approach. Industrial processing ranked second, spanning chemical synthesis, natural-gas dehydration, and petrochemical feedstock purification.
Healthcare applications are emerging quickly: hemoperfusion cartridges stocked with medical-grade activated carbon can adsorb toxins during dialysis sessions, while carbon-filled masks protect operating-room personnel from volatile anesthetic gases. Automotive air-filtration and evaporative-emission canisters round out volumes, especially as electric-vehicle cabin-air standards tighten. Future upside may arise from electronics fabrication, where ultrapure water and solvent-vapor capture systems rely on finely tailored carbons.
Note: Segment shares of all individual segments available upon report purchase
Geography Analysis
Asia-Pacific held a dominant 63% revenue share in 2024 and is forecast to grow at a leading 6.11% CAGR to 2030, reinforcing its centrality to activated carbon market expansion. China anchors regional production with vertically integrated plants that convert coconut shells, coal, and sawdust into a broad portfolio of carbons tailored for domestic water utilities and export markets. India’s Jal Jeevan mission, targeting universal rural-water access, is issuing tender documents that stipulate GAC filters for arsenic and fluoride removal, thereby opening procurement to both local mills and Japanese-owned subsidiaries.
North America is buoyed by regulatory certainty and high per-capita consumption. The 2024 EPA PFAS rule alone could double GAC demand by the end of the decade. Europe commands a smaller yet technologically sophisticated market. Research at the University of Cambridge yielded an electrified charcoal sponge that adsorbs CO₂ directly from air with reduced energy input, hinting at future diversification into climate-mitigation applications.
South America and the Middle East, though accounting for modest volume, record rapid adoption of carbons for mining and gas-processing duties. Chilean gold miners specify coconut-shell carbons for CIL circuits, while Qatari LNG producers deploy pelletized carbons to meet stringent mercury spec contamination limits prior to cryogenic separation.
Competitive Landscape
The market is moderately fragmented. The industry features a balanced mix of global majors and specialized regional mills. Kuraray’s Calgon Carbon subsidiary operates the world’s largest reactivation network and differentiates with proprietary UV-Ox and Sentinel mobile systems for rapid site deployment. Over the forecast horizon, market leadership will likely consolidate around firms securing feedstock control, expanding reactivation circuits, and offering digitally enabled service packages.
Activated Carbon Industry Leaders
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Norit
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KURARAY CO., LTD.
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Osaka Gas Chemicals Co., Ltd.
-
Ingevity
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HAYCARB PLC
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- May 2024: Kuraray Co., Ltd. announced that its subsidiary, Calgon Carbon Corporation, will acquire the industrial reactivated carbon business of Sprint Environmental Services, expanding Gulf Coast capacity to manage rising PFAS-related media returns.
- May 2024: Arq, Inc., secured its inaugural sales contract, marking the delivery of Granular Activated Carbon (GAC) produced from Arq's proprietary feedstock, a purified bituminous coal waste, at the company's strategically located Red River facility.
Research Methodology Framework and Report Scope
Market Definitions and Key Coverage
Our study defines the activated carbon market as the worldwide revenue generated from new powdered, granular, and extruded carbons obtained by physical or chemical activation of coal, coconut shells, wood, peat, or similar feedstocks and then sold for water and air purification, metal extraction, food processing, medical, automotive, and other industrial uses.
Scope exclusion: Reactivate and reuse services and composite adsorbents containing under 50 percent activated carbon are outside this scope.
Segmentation Overview
- By Raw Material
- Coal-Based
- Coconut-Shell-Based
- Wood-Based
- Other Raw Materials (Peat, Lignite, etc.)
- By Form
- Powdered Activated Carbon (PAC)
- Granular Activated Carbon (GAC)
- Extruded / Pelletised Activated Carbon (EAC)
- By Application
- Decolorization Treatment
- Sugar Production
- Concentration Treatment
- Solvent Recovery
- PFAS Adsorption Treatment
- Drinking Water Treatment
- Other Applications
- By End-user Industry
- Water Treatment
- Industrial Processing
- Healthcare
- Food and Beverage
- Automotive
- Other End-user Industry
- By Geography
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Middle-East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle-East and Africa
- Asia-Pacific
Detailed Research Methodology and Data Validation
Primary Research
Structured interviews and surveys with plant engineers, activated carbon distributors, municipal water utilities, and regional environmental regulators across Asia-Pacific, North America, and Europe allowed us to validate secondary numbers, sense-check average selling prices, and gauge regulatory adoption timelines. Feedback loops with technical consultants helped refine adsorption efficiency assumptions in niche end uses.
Desk Research
We began with open datasets that quantify production, trade, and consumption, including UN Comtrade HS-3802 export flows, U.S. EPA Toxic Release Inventory, Eurostat industrial water directives, China MEE emission bulletins, and statistics from the International Water Association. Company filings, investor decks, and reputable press articles were mined to benchmark corporate sales and new plant capacities. Mordor analysts also tapped paid repositories such as D&B Hoovers for supplier financials, Dow Jones Factiva for deal tracking, Volza for shipment-level verifications, and Questel for patent velocity around water treatment media. These sources created the factual spine; many additional references supported day-to-day fact-checks, though they are not all listed here.
Market-Sizing and Forecasting
Our model starts with a top-down reconstruction of global demand using production output and import-export balances, which are then mapped to end-use sectors through penetration ratios derived from installed purification capacity and mercury-control mandates. Supplier roll-ups and channel checks provide a selective bottom-up cross-test, letting us adjust totals where distributor margins or captive consumption skew the headline. Key variables tracked include PFAS compliance deadlines, mercury emission standards in coal plants, municipal desalination investments, coconut-shell charcoal price indices, and average PAC versus GAC selling prices. A multivariate regression, informed by GDP and water-infrastructure spending outlooks, projects each driver before results are blended into scenario curves and stress-tested with industry experts.
Data Validation and Update Cycle
Outputs pass variance screens, outlier flags, and peer review before sign-off. Reports refresh annually; interim updates are triggered by material events such as large capacity additions or sudden regulatory changes. A last-mile analyst review ensures clients always receive the freshest view.
Why Mordor's Activated Carbon Baseline Commands Reliability
Published estimates often diverge because firms choose different material cut-offs, bundle services, or apply blanket growth rates. By matching scope to virgin carbons only and layering regulatory milestones onto trade-verified baselines, we keep figures anchored in observable reality.
Key gap drivers include: some studies merge reactivation revenues, others apply aggressive air-purifier rollouts without cross-checking capacity additions, and several translate supplier sales at list rather than transacted prices, inflating totals. Our tighter scope, annual refresh cadence, and dual-path validation reduce those distortions.
Benchmark comparison
| Market Size | Anonymized source | Primary gap driver |
|---|---|---|
| USD 4.58 Bn | Mordor Intelligence | - |
| USD 4.07 Bn | Global Consultancy A | Excludes pelletized grades; lifts 2024 base straight-line to 2025 |
| USD 5.62 Bn | Global Consultancy B | Bundles reactivation services and charcoal supplements; limited primary checks |
In short, the disciplined scope selection, transparent variable tracking, and frequent model refresh that Mordor analysts follow yield a balanced, decision-ready baseline clients can trust.
Key Questions Answered in the Report
What is the current size of the activated carbon market?
The market generated USD 4.83 billion in 2025 and is projected to reach USD 5.79 billion by 2030, growing at a 5.30% CAGR.
Why is granular activated carbon considered the preferred technology for PFAS removal?
GAC achieves more than 99% removal of PFOA and PFOS, is EPA-designated as Best Available Technology, and can be thermally reactivated for multiple reuse cycles.
Which region leads global activated carbon demand?
Asia-Pacific commands 63% of 2024 revenue and maintains the highest regional growth rate at 6.11% through 2030 due to industrialization and strict water regulations.
How are feedstock constraints affecting activated carbon prices?
Disruptions in coconut-shell supply and volatile kiln-grade coal prices are tightening margins, prompting vertical integration and alternative precursor research.
What growth opportunities exist beyond water treatment?
Mercury-emission control, gold-ore processing, solvent-recovery systems, and emerging medical applications all present significant incremental demand for high-performance carbons.
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