Pelletized Activated Carbon Market Size

Pelletized Activated Carbon Market size was valued at USD 5.29 Billion in 2023 and is poised to cross USD 11.01 Billion by the end of 2036, expanding at more than 5.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of pelletized activated carbon is estimated at USD 5.57 Billion. The market growth is mainly driven by growing levels of air pollution. Despite advances in some locations, global urban air pollution levels climbed by 8%, according to the World Health Organization.  Low- and middle-income nations in WHO's Eastern Mediterranean and South-East Asia Regions have the greatest levels of urban air pollution, with annual mean levels frequently exceeding 5-10 times WHO standards. Pelletized activated carbon is a versatile material widely used for controlling air pollution due to its exceptional adsorption properties.

Besides this, growing initiatives from government and regulatory bodies have a positive impact on the pelletized activated carbon market. These programs often involve the installation of air purification systems and filters in industrial facilities, vehicles, and power plants. These all are usually equipped with activated carbon filters for absorbing air pollutants.