1. Global Granular Activated Carbon Market Size and CAGR (2024-2033)

The global Granular Activated Carbon market is projected to reach a revenue of $2,064.44 million in 2024, with a compound annual growth rate (CAGR) of 4.75% from 2024 to 2033.

Granular Activated Carbon is a highly specialized form of carbon that is processed to have small, low-volume pores, which increase the surface area available for adsorption or chemical reactions. It is derived from organic materials with high carbon content, such as coconut shells, wood, and coal. The production process involves carbonization and activation, which results in a material with a highly porous structure. This structure allows GAC to effectively remove impurities from water, air, and other substances.

Its applications are diverse, ranging from water treatment and industrial processes to food and beverage purification and pharmaceutical uses. The ability of GAC to adsorb a wide range of contaminants, including organic compounds, heavy metals, and odors, makes it an essential component in various purification systems.

Figure Global Granular Activated Carbon Market Size (M USD) and CAGR 2024-2033

2. Driving and Limiting Factors of Granular Activated Carbon Market Growth

The growth of the Granular Activated Carbon market is influenced by several key factors that drive demand and expansion. One of the primary drivers is the increasing global demand for clean and safe drinking water. As populations grow and industrial activities expand, the need for effective water treatment solutions becomes more critical. GAC’s ability to remove impurities such as chlorine, organic compounds, and heavy metals from water makes it an essential component in water purification systems. This demand is further amplified by the rising awareness of water pollution and the implementation of stricter regulations regarding water quality by governments worldwide.

Another significant driver is the growing use of GAC in industrial processes. Industries such as chemical manufacturing, pharmaceuticals, and food and beverages rely on GAC for purification and process improvement. For instance, in the pharmaceutical industry, GAC is used to remove impurities from drugs and to purify process water, ensuring the quality and safety of the final products. Similarly, in the food and beverage sector, GAC is employed to improve the taste and quality of products by removing unwanted odors and colors.

Technological advancements also play a crucial role in driving the market. Innovations in the production processes of GAC have led to the development of more efficient and cost-effective products. For example, improvements in activation techniques have resulted in GAC with higher adsorption capacities and longer lifespans, making it more attractive to end-users. Additionally, the integration of GAC with other technologies, such as membrane filtration and biological treatment processes, has expanded its application scope and enhanced its overall effectiveness.

However, the market also faces several limiting factors that can hinder its growth. One of the main challenges is the fluctuation in raw material prices. The primary raw materials used in the production of GAC, such as coconut shells and coal, are subject to price volatility due to factors like supply chain disruptions, geopolitical tensions, and changes in production costs. These fluctuations can impact the profitability of GAC manufacturers and lead to price increases for end-users, potentially affecting market demand.

Another limiting factor is the rising labor costs in many regions. As economies develop and living standards improve, labor costs tend to increase. This can lead to higher production costs for GAC manufacturers, which may be passed on to consumers in the form of higher product prices. Additionally, the availability of skilled labor is crucial for the production of high-quality GAC, and a shortage of skilled workers can limit production capacity and innovation efforts.

Furthermore, the market faces competition from alternative technologies and materials. For instance, the development of new adsorbent materials and advanced filtration technologies may offer alternative solutions for purification applications, potentially reducing the demand for GAC. These competing technologies may offer different advantages, such as higher efficiency, lower costs, or better performance in specific applications, posing a challenge to the GAC market.

3. Technology Innovation, Mergers, and Acquisitions in the Granular Activated Carbon Market

Technological innovation plays a vital role in the development and growth of the Granular Activated Carbon market. Manufacturers are continuously investing in research and development to improve the performance and efficiency of GAC products. One area of innovation is the development of GAC with enhanced adsorption capacities. By modifying the pore structure and surface chemistry of the carbon, researchers aim to create GAC that can effectively remove a broader range of contaminants at higher rates. This includes the development of GAC tailored for specific applications, such as the removal of emerging contaminants like pharmaceutical residues and microplastics from water.

Another significant innovation is the integration of GAC with advanced treatment technologies. For example, combining GAC with photocatalytic processes can result in synergistic effects, where the adsorption capacity of GAC is complemented by the degradation capabilities of photocatalysts. This hybrid approach can lead to more effective and sustainable treatment solutions, capable of breaking down and removing a wide range of pollutants. Additionally, the incorporation of GAC into membrane systems can improve the overall performance and efficiency of the filtration process, enhancing the removal of particulate matter and dissolved contaminants.

Corporate mergers and acquisitions are also shaping the landscape of the Granular Activated Carbon market. These strategic moves allow companies to expand their product offerings, enter new markets, and gain access to advanced technologies and resources. For instance, the acquisition of Norit Activated Carbon by One Equity Partners in 2021 was a significant event in the industry. Norit, a leading activated carbon manufacturer, was acquired to leverage its extensive product range and expertise in purification solutions. This acquisition not only expanded the product portfolio of the acquiring company but also provided opportunities for synergies and innovation in the development of new GAC products and applications.

4. Global Granular Activated Carbon Market by Type

Granular Activated Carbon (GAC) is a versatile material used in various industries due to its high adsorption capacity. It is produced from organic materials with high carbon content, such as coal, wood, and coconut shells.

Coal-based GAC is derived from bituminous coal, lignite, or peat. It is known for its high mechanical strength and resistance to abrasion, making it suitable for applications where physical wear is a concern. This type of GAC is commonly used in water treatment plants, industrial processes, and air purification systems.

In 2024, the revenue generated from coal-based GAC is projected to be around $850.34 million. Its market share is significant, primarily due to its wide range of applications and the availability of raw materials.

Produced from wood or wood waste, wood-based GAC has a high adsorption capacity for organic compounds and is often used in the food and beverage industry for decolorization and purification. It is also utilized in air purification and solvent recovery.

The revenue from wood-based GAC in 2024 is estimated at $251.49 million. While its market share is smaller than that of coal-based GAC, it is experiencing a faster growth rate due to increasing environmental awareness and the push for sustainable materials.

Coconut shell-based GAC is considered one of the highest quality forms of activated carbon. It is known for its high microporosity and excellent adsorption capacity, particularly for small molecules. This type of GAC is widely used in water purification, air filtration, and the recovery of precious metals.

The revenue from coconut shell-based GAC in 2024 is projected to be around $855.57 million. It holds the largest market share among the different types of GAC, primarily due to its superior performance and broad range of applications.

In conclusion, coconut shell-based GAC holds the largest market share in 2024, primarily due to its superior adsorption properties and wide range of applications. Wood-based GAC, on the other hand, is experiencing the fastest growth rate, driven by its sustainability and effectiveness in specific industries.

Type	Market Size (M USD) 2024	Market Share 2024
Coal Based	850.34	41.19%
Wood Based	251.49	12.18%
Coconut Shell Based	855.57	41.44%
Others	107.04	5.18%

5. Global Granular Activated Carbon Market by Application

Water treatment is the largest application area for GAC, accounting for a significant portion of the market share. GAC is used to remove contaminants such as organic compounds, chlorine, and heavy metals from water. It is employed in both municipal water treatment plants and industrial water treatment systems.

In 2024, the consumption of GAC in water treatment is projected to be around 244.3 kilotons. This application holds the largest market share due to the critical need for clean water in various sectors, including drinking water supply, industrial processes, and environmental protection.

GAC plays a crucial role in various industrial processes, such as chemical manufacturing, petroleum refining, and metal processing. It is used for gas purification, solvent recovery, and the removal of impurities from process streams. In 2024, the consumption of GAC in industrial processes is estimated at 157.0 kilotons.

In the food and beverage industry, GAC is used for decolorization, purification, and flavor enhancement. It is employed in the production of beverages such as coffee, tea, and fruit juices, as well as in the refining of sugar and edible oils. The consumption of GAC in this application in 2024 is projected to be around 55.0 kilotons.

GAC is utilized in the pharmaceutical industry for the purification of drugs, removal of impurities, and decontamination of manufacturing equipment. It is also used in the production of certain medications, such as those requiring decolorization or detoxification. In 2024, the consumption of GAC in the pharmaceutical industry is estimated at 28.6 kilotons.

In conclusion, water treatment is the application with the largest market share for GAC in 2024, driven by the critical need for clean water and stringent regulations. The food and beverage industry, on the other hand, is experiencing the fastest growth rate in GAC consumption, fueled by the demand for high-quality products and efficient processing methods.

Application	Market Size (K Tons) 2024	Market Share 2024
Water Treatment	244.3	46.17%
Industrial Processes	157.0	29.66%
Food & Beverage	55.0	10.39%
Pharma	28.6	5.41%
Others	44.3	8.36%

6. Global Granular Activated Carbon Market by Region

The Asia Pacific region is the largest producer of GAC, with a projected production of 278.8 kilotons in 2024. The region benefits from a strong manufacturing infrastructure and a growing demand for high-quality filtration solutions. Additionally, the availability of raw materials such as coconut shells and wood contributes to the region’s production capacity.

North America is another significant player in the GAC market, with a production of 140.8 kilotons expected in 2024. The United States and Canada are the primary markets within this region, where GAC is used extensively in water treatment facilities, industrial plants, and the pharmaceutical industry. The region’s emphasis on environmental regulations and the need for advanced water purification technologies contribute to its stable production and revenue.

Europe’s GAC production in 2024 is estimated at 66.0 kilotons. The region, comprising countries like Germany, France, and the UK, has a well-established market for GAC, primarily driven by its stringent environmental policies and the need for sustainable solutions in various industries. GAC is used in water treatment, air purification, and industrial processes across Europe.

Latin America is an emerging market for GAC, with a production of 25.2 kilotons projected for 2024. The Middle East and Africa region is expected to produce 18.5 kilotons of GAC in 2024.

Figure Global Granular Activated Carbon Market Size by Region in 2024

7. Top 3 Companies in the Global Granular Activated Carbon Market

7.1 KURARAY

Company Introduction and Business Overview: KURARAY, founded in 1926 and headquartered in Japan, is a leading global manufacturer of synthetic and chemical fibers. The company has expanded its product range to include special resins, man-made leather, fine chemicals, and non-woven fabrics. KURARAY’s GAC products are renowned for their high quality and reliability, catering to a wide range of applications, including water purification, air filtration, and industrial processes.

Products Offered: KURARAY offers various grades of GAC, such as coconut shell-based and coal-based products, designed for specific applications like removal of organic compounds, dechlorination, and odor control. Their products are known for their high adsorption capacity and durability.

Sales Revenue in 2022: KURARAY’s GAC sales revenue in 2022 was $459.33 million.

7.2 Norit

Company Introduction and Business Overview: Norit, established in 1916 and based in the Netherlands, is a pioneering company in the activated carbon industry. It offers a broad range of GAC products, catering to diverse markets such as food and beverage, pharmaceuticals, water treatment, and industrial processes. Norit’s commitment to innovation and quality has helped it maintain a leading position in the market.

Products Offered: Norit’s GAC products include various grades suitable for wastewater treatment, air purification, and decolorization processes. They are known for their excellent adsorption properties and high mechanical strength.

Sales Revenue in 2022: Norit’s GAC sales revenue in 2022 was $216.88 million.

7.3 Haycarb PLC

Company Introduction and Business Overview: Haycarb PLC, founded in 1973 and headquartered in Sri Lanka, is a leading manufacturer of coconut shell-based GAC. The company has a strong global presence, serving customers in various industries such as water treatment, air purification, and specialty applications. Haycarb’s focus on sustainable production and high-quality products has helped it establish a reputable brand.

Products Offered: Haycarb offers a wide range of GAC products, including standard, washed, and impregnated granular activated carbon, as well as powdered and extruded pellet activated carbon. Their products are designed to meet specific customer requirements and are used in applications like water purification, gold recovery, and food and beverage processing.

Sales Revenue in 2022: Haycarb’s GAC sales revenue in 2022 was $118.79 million.