Activated Carbon Market Size

Activated Carbon Market size was valued at USD 5.4 billion in 2024 and is projected to reach a valuation of USD 16.9 billion by the end of 2037, rising at a CAGR of 9.3% during the forecast period, i.e., 2025-2037. In 2025, the industry size of activated carbon is evaluated at USD 5.8 billion.

The activated carbon market is expected to record considerable growth due to rising demand from various industries, including water purification, air filtration, and energy storage. Environmental sustainability concerns and increased stringency of regulatory requirements are further accelerating the adoption of activated carbon solutions. In September 2024, the Jacobi Group invested in sustainable production related to coconut shell charcoal, part of the strategic development of 'Go Green' aimed at decreasing the level of dependence on fossil-based raw materials and its further influence on the environment. Such developments are setting a path for the market players toward greener and more productive methods.

Government initiatives also contribute to market growth. In July 2024, for example, the Singapore Economic Development Board (EDB) partnered with the International Emissions Trading Association to establish the Singapore Carbon Market Alliance, which is a platform that brings buyers and sellers of carbon credits together to advance sustainable practices across industries that also involve activated carbon. Such efforts underline the importance of sustainability in driving innovation and activated carbon market growth while offering solutions to global environmental challenges.