Activated Carbon Filters Market

Global Activated Carbon Filters Market Size, Share & Trends Analysis Report By Carbon Type (Granular Activated Carbon and Powdered Activated Carbon), By End User, By Distribution Channel (B2B and B2C), By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-22938 Publication Date: May-2024 Number of Pages: 214
2023
USD 1.5 Billion
2031
USD 2.2 Billion
CAGR
5.1%
Historical Data
2020 to 2022

Market Report Description

The Global Activated Carbon Filters Market size is expected to reach $2.2 billion by 2031, rising at a market growth of 5.1% CAGR during the forecast period.

The rapid industrialization and urbanization in countries like China, India, and Southeast Asian nations have led to increased pollution levels. Thus, the Asia pacific region captured 40.8% revenue share in the market 2023. As a result, there is a growing need for air and water purification solutions, driving the demand for this. Additionally, the Asia Pacific region faces water scarcity and pollution challenges. An estimated 500 million people in Asia and the Pacific do not have access to a basic water supply, and 1.14 billion people lack access to sanitation, according to data from the WHO/UNICEF Joint Monitoring Programme for Water Supply, Sanitation and Hygiene (JMP).

Activated Carbon Filters Market Size - Global Opportunities and Trends Analysis Report 2020-2031

The rising concern for indoor air quality and the increasing prevalence of respiratory diseases drive the demand for air purifiers, which often use it. People are becoming more conscious of the air they breathe indoors, especially considering indoor air can be more polluted than outdoor air.

Additionally, by introducing new features and improvements, manufacturers can differentiate their products, attract new customers, and create opportunities for market expansion. The development of multi-stage filtration systems signifies the extent of innovation in this market. Thus, the rapid industrialization in developing countries drives the demand for it.

However, the high initial cost of purchasing and installing this is a significant consideration for consumers and industries evaluating their air and water purification options. Compared to other technologies, activated carbon filters can require a larger upfront investment. Thus, while activated carbon filters excel in removing a wide range of contaminants, their effectiveness against heavy metals and microbial pathogens is more limited and thus impedes market growth.

Driving and Restraining Factors
Activated Carbon Filters Market
  • Increasing demand for air purifiers
  • Continuous innovation in product design and technology
  • Rapid industrialization in developing countries
  • High initial cost of purchasing and installing.
  • Limited effectiveness for certain contaminants
  • Emergence of nanotechnology and advanced materials
  • Expanding water treatment industry
  • Competition from alternative technologies
  • Lack of awareness about the benefits of activated carbon filters

Carbon Type Outlook

On the basis of carbon type, the market is classified into granular activated carbon and powdered activated carbon. The granular activated carbon segment acquired 71.4% revenue share in the market in 2023. Granulated activated carbon (GAC) is widely used for water and wastewater treatment due to its high adsorption capacity and effectiveness in removing contaminants such as organic compounds, chlorine, and heavy metals.

End Use Outlook

Based on end user, the market is characterized into residential, industrial, pharmaceutical, and food & beverages. The pharmaceutical segment procured a 13.8% growth rate in the market in 2023. Activated carbon filters are used in the pharmaceutical industry to purify water used in various processes, such as manufacturing, cleaning, and laboratory analysis.

Activated Carbon Filters Market Share and Industry Analysis Report 2023

Distribution Channel Outlook

Based on Distribution Channel, the market is segmented into B2B and B2C. The B2B segment witnessed 76% revenue share in the market in 2023. The increasing purchase of this through B2B distribution channels is driven by the efficiency, convenience, and access to a wide range of suppliers these channels offer businesses.

Free Valuable Insights: Global Activated Carbon Filters Market size to reach USD 2.2 Billion by 2031

Regional Outlook

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment acquired 28.2% revenue share in the market in 2023. There is a growing awareness among consumers in North America about the health risks associated with air and water pollution.

Activated Carbon Filters Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 1.5 Billion
Market size forecast in 2031 USD 2.2 Billion
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 5.1% from 2024 to 2031
Number of Pages 214
Number of Tables 340
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Carbon Type, Distribution Channel, End User, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included 3M Company, Kuraray Europe GmbH (Kuraray Co., Ltd.), CPL/Puragen Activated Carbons (Invica Industries Group Limited), Newterra Ltd. (Frontenac Company), WesTech Engineering, LLC, General Carbon Corporation, Chemietron Clean Tech Pvt. Ltd., Lenntech B.V., Sereco Srl, Ecolab Inc.
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List of Key Companies Profiled

  • 3M Company
  • Kuraray Europe GmbH (Kuraray Co., Ltd.)
  • CPL/Puragen Activated Carbons (Invica Industries Group Limited)
  • Newterra Ltd. (Frontenac Company)
  • WesTech Engineering, LLC
  • General Carbon Corporation
  • Chemietron Clean Tech Pvt. Ltd.
  • Lenntech B.V.
  • Sereco Srl
  • Ecolab Inc.

Activated Carbon Filters Market Report Segmentation

By Carbon Type

  • Granular Activated Carbon
  • Powdered Activated Carbon

By End User

  • Industrial
  • Residential
  • Pharmaceutical
  • Food & Beverages

By Distribution Channel

  • B2B
  • B2C

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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