The activated carbon market in Europe is experiencing significant growth due to various factors, including increasing awareness of environmental issues, strict regulations on air and water quality, and the expanding usage of activated carbon in various industries. Activated carbon is a highly porous material with an extensive internal surface area and is widely used for adsorption and purification purposes in several industries. It has the ability to remove contaminants from air, water, and gases, making it an essential component in environmental protection, water treatment, and various industrial processes.
According to a recent report by Markets and Research, the Europe Activated Carbon Market was valued at USD 3.82 billion in 2022 and is anticipated to have strong growth in the forecast period, with a CAGR of 5.38% through 2028.
Stringent regulations imposed by European governments and the European Union (EU) on air and water quality, emission control, and waste management have created a significant demand for activated carbon in pollution control applications. The need for safe drinking water and the treatment of wastewater in compliance with regulatory standards are driving the use of activated carbon in water treatment plants, which is a major driver for the market.
The increasing concern for indoor air quality and the need to remove volatile organic compounds (VOCs) and odors in commercial and residential buildings have fueled the use of activated carbon in air purification systems. The pharmaceutical and medical industries are adopting activated carbon for drug purification, kidney dialysis, and the treatment of poisonings, contributing to market growth.
The prices of activated carbon can be subject to fluctuations in the prices of raw materials, particularly coal and coconut shells, affecting manufacturers and end-users alike. Sustainability concerns and the need for responsibly sourced raw materials have created challenges for the activated carbon industry.
Eastern European countries are witnessing increased demand for activated carbon, providing untapped market opportunities for industry players. Tailoring activated carbon products to meet specific industry needs, such as food and beverage, automotive, and pharmaceuticals, can lead to new growth avenues.