Market Size of Europe Activated Carbon Industry
Study Period | 2019-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 0.98 Billion |
Market Size (2029) | USD 1.27 Billion |
CAGR (2024 - 2029) | 5.41 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Activated Carbon Market Analysis
The Europe Activated Carbon Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.27 billion by 2029, growing at a CAGR of 5.41% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the activated carbon market globally as end-user industries were significantly affected. However, the activated carbon market recovered from the pandemic and grew significantly.
- Over the short term, augmenting prominence for air pollution control (especially mercury removal) is expected to drive the market.
- Conversely, the threat of substitutes, like silica gel, and the development of better alternatives are expected to hinder market growth.
- Emerging applications in the medical and pharmaceutical sectors are anticipated to create future opportunities.
- Germany held the largest market share and is anticipated to dominate throughout the forecast period.
Europe Activated Carbon Industry Segmentation
Activated carbon is a form of carbon processed with small, low-volume pores that increase the surface area for adsorption or chemical reactions. Usually, activated carbon is extracted from charcoal. Europe's Activated Carbon Market is segmented by type, application, and geography. The market is segmented by type into powdered activated carbon, granular activated carbon, and extruded or pelletized activated carbon. The market is segmented into gas purification, water purification, metal extraction, medicine, and other applications based on application. The report also covers the market sizes and forecasts for the activated carbon market in 5 countries across the European region. Each segment's market sizing and forecasts are based on revenue (USD).
Type | |
Powdered Activated Carbon (PAC) | |
Granular Activated Carbon (GAC) | |
Extruded or Pelletized Activated Carbon |
Application | |
Gas Purification | |
Water Purification | |
Metal Extraction | |
Medicine | |
Other Applications |
Geography | |
Germany | |
United Kingdom | |
France | |
Italy | |
Spain | |
Rest of Europe |
Europe Activated Carbon Market Size Summary
The European activated carbon market is poised for significant growth, driven by increasing demand in air pollution control and emerging applications in the medical and pharmaceutical sectors. Despite the initial setbacks caused by the COVID-19 pandemic, the market has shown resilience and is expected to expand steadily over the forecast period. Germany stands out as a dominant player in the region, benefiting from its robust pharmaceutical manufacturing industry and substantial investments in healthcare and water treatment technologies. The country's shift towards green energy and the growing use of activated carbon in lithium-ion batteries further bolster its market position.
The market landscape is characterized by a high level of consolidation, with major players like Kuraray Co. Ltd, Cabot Corporation, and Jacobi Carbons Group holding significant market shares. These companies are actively pursuing strategic investments to enhance their presence in burgeoning sectors such as electric vehicles. The activated carbon market in Europe is also influenced by the pharmaceutical industry's strength, with Germany leading in exports and healthcare expenditure. This synergy between activated carbon applications and the pharmaceutical sector is expected to drive market growth, despite challenges posed by substitute materials and alternative technologies.
Europe Activated Carbon Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Augmenting Prominence for Air Pollution Control
-
1.1.2 Surge in Demand from Water Treatment and Water Purification Applications
-
1.1.3 Other Drivers
-
-
1.2 Restraints
-
1.2.1 Availability of Substitute Products
-
1.2.2 Other Restraints
-
-
1.3 Industry Value-Chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
1.5 Supply Scenario
-
-
2. MARKET SEGMENTATION (Market Size in Value)
-
2.1 Type
-
2.1.1 Powdered Activated Carbon (PAC)
-
2.1.2 Granular Activated Carbon (GAC)
-
2.1.3 Extruded or Pelletized Activated Carbon
-
-
2.2 Application
-
2.2.1 Gas Purification
-
2.2.2 Water Purification
-
2.2.3 Metal Extraction
-
2.2.4 Medicine
-
2.2.5 Other Applications
-
-
2.3 Geography
-
2.3.1 Germany
-
2.3.2 United Kingdom
-
2.3.3 France
-
2.3.4 Italy
-
2.3.5 Spain
-
2.3.6 Rest of Europe
-
-
Europe Activated Carbon Market Size FAQs
How big is the Europe Activated Carbon Market?
The Europe Activated Carbon Market size is expected to reach USD 0.98 billion in 2024 and grow at a CAGR of 5.41% to reach USD 1.27 billion by 2029.
What is the current Europe Activated Carbon Market size?
In 2024, the Europe Activated Carbon Market size is expected to reach USD 0.98 billion.