Latest Report Update: Jan 15, 2021

World - Activated Carbon - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Article Publishing Date: Aug 20, 2020

Previously Driven by the Growth of the Chemical Industry and Construction, the Global Activated Carbon Market to Struggle with the Pandemic

IndexBox has just published a new report: 'World - Activated Carbon - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The Pandemic-Related Shutdowns to Hamper the Growth of the Activated Carbon Market in 2020

The global activated carbon market expanded markedly to $4.7B in 2019, rising by 5.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong increase from 2007 to 2019: its value increased at an average annual rate of +2.9% over the last twelve-year period. 

China (570K tonnes) remains the largest activated carbon consuming country worldwide, comprising approx. 25% of the total volume. Moreover, activated carbon consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (271K tonnes), twofold. India (229K tonnes) ranked third in terms of total consumption with a 10% share.

In China, activated carbon consumption increased at an average annual rate of +3.4% over the period from 2007-2019. In other countries, the average annual rates were as follows: the U.S. (+0.9% per year) and India (+4.3% per year).

In value terms, the largest activated carbon markets worldwide were the U.S. ($1.1B), China ($873M), and India ($379M), with a combined 50% share of the global market. These countries were followed by Indonesia, Japan, Mexico, Viet Nam, Germany, South Korea, the UK, the Philippines, and Italy, which together accounted for a further 24%.

The countries with the highest levels of activated carbon per capita consumption in 2019 were South Korea (1,150 kg per 1000 persons), the U.S. (821 kg per 1000 persons), and Italy (791 kg per 1000 persons).

Activated carbon is used in the chemical industry, the pharmaceutical industry, and the manufacturing of filtration systems for liquids and gases (both household and industrial filters, as well as gas masks). Accordingly, the dynamics of the world market for activated carbon as a whole reflects the overall GDP growth.

Until 2020, the global economy has been developing steadily for five years, although at a slower pace than in the previous decade. In early 2020, however, the global economy entered a period of the crisis caused by the outbreak of the COVID-19 pandemic. The quarantine measures that put on halt production and transport activity disrupt economic growth heavily throughout the world. According to World Bank forecasts, despite the gradual relaxing of the restrictive measures and unprecedented government support in countries that faced the pandemic in early 2020, the annual decline of the global GDP could amount to -5.2%.

The industrial sector has proven vulnerable to the pandemic as due to quarantine measures, industrial facilities were paused, and the drop in incomes makes the growth of end markets unfeasible, thereby hampering any expansion of the industrial manufacturing. Tight financial conditions and uncertainty regarding the length of the pandemic and the possible bottom of the related economic drop, as well as high volatility of financial markets and rising political tensions between the U.S. and China, disrupt capital investments in the immediate term, which is to put a drag on the expansion of the activated carbon market.

Taking into account the above, it is expected that in 2020, the consumption of activated carbon will drop by approx. 5%. In the medium term, as the economy recovers from the effects of the pandemic, the market is expected to grow gradually, with an anticipated CAGR of +0.3% for the period from 2019 to 2030, which is projected to bring the market volume to 2.3M tonnes by the end of 2030.

China Remains the Largest Global Producer of Activated Carbon, while Australia Emerges as the Fastest-Growing Exporter 

For the tenth consecutive year, the global market recorded growth in the production of activated carbon, which increased by 3.1% to 2.3M tonnes in 2019. The total output volume increased at an average annual rate of +2.8% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years.  

China (801K tonnes) remains the largest activated carbon producing country worldwide, accounting for 35% of total volume. Moreover, activated carbon production in China exceeded the figures recorded by the second-largest producer, India (309K tonnes), threefold. The U.S. (242K tonnes) ranked third in terms of total production with an 11% share.

In China, activated carbon production increased at an average annual rate of +2.2% over the period from 2007-2019. In other countries, the average annual rates were as follows: India (+6.2% per year) and the U.S. (+0.1% per year).

Activated carbon is a widely traded commodity, with the share of exports in the total output fluctuating near 40% over the last decade. High trade intensity is determined mainly by the reason that some major consuming countries, particularly the U.S., lack domestic production to meet the domestic demand, while China, being a major global consumer of coal, also produces large volumes of coal-based products including activated carbon.

In 2019, after three years of growth, there was a decline in shipments abroad of activated carbon, when their volume decreased by -2.6% to 894K tonnes. The total export volume increased at an average annual rate of +3.2% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. In value terms, activated carbon exports fell modestly to $2B (IndexBox estimates) in 2019. 

China was the main exporting country with an export of about 277K tonnes, which recorded 31% of total exports. India (102K tonnes) ranks second in terms of the total exports with an 11% share, followed by the Philippines (8.7%), Belgium (7.6%), the U.S. (7.5%), Germany (5.7%) and Sri Lanka (5.2%). The following exporters - Australia (35K tonnes), the Netherlands (31K tonnes), the UK (21K tonnes), Malaysia (20K tonnes), and Indonesia (14K tonnes) - together made up 14% of total exports.

Exports from China increased at an average annual rate of +1.1% from 2007 to 2019. At the same time, Australia (+19.4%), India (+16.3%), Germany (+7.5%), the Philippines (+6.4%), Sri Lanka (+6.4%), Belgium (+3.5%), Malaysia (+1.5%), the U.S. (+1.3%) and the UK (+1.3%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.4% from 2007-2019. By contrast, the Netherlands (-1.9%) and Indonesia (-3.8%) illustrated a downward trend over the same period. 

In value terms, the largest activated carbon supplying countries worldwide were China ($450M), the U.S. ($292M), and India ($173M), together comprising 47% of global exports. Sri Lanka, the Philippines, Belgium, the Netherlands, Germany, the UK, Indonesia, Australia, and Malaysia lagged somewhat behind, together comprising a further 39%.

In 2019, the average activated carbon export price amounted to $2,195 per tonne, with an increase of 2.2% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16% y-o-y. Over the period under review, average export prices hit record highs in 2019 and are likely to continue growing in years to come.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($4,336 per tonne), while Australia ($1,339 per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Indonesia, while the other global leaders experienced more modest paces of growth.

 

Source: IndexBox AI Platform

Product coverage:
• Prodcom 20595400 - Activated carbon

This report provides an in-depth analysis of the global activated carbon market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

Webinar: Global Paperboard Box Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global paperboard box market.



Thursday, March 11th, 2021 @ 10:00 am ET


Register

Webinar: Global MDF Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global MDF market.



Thursday, March 25th, 2021 @ 10:00 am ET


Register

Webinar: Global Cotton Yarn Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global cotton yarn market.



Thursday, April 8th, 2021 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data