Activated Charcoal Market Analysis, Trends and Dynamic Demand by Forecast 2016 to 2030

Activated Charcoal Market is esteemed to demonstrate a substantial upswing of a CAGR of 9.3% during the forecasted period of 2021 to 2030. The Activated Charcoal Market was cherished at USD 5.7 billion in 2021 and is estimated to garner a significant improvement of USD 12.49 billion by 2030.

Activated Charcoal Market: Introduction

Activated charcoal is a fine black-coloured powder without any odour and is often utilized in emergency rooms for the purpose of an overdose of treatment. The procedure of making it involves excessively heating various natural sources of carbon, such as coal, wood, and others. Activated charcoal helps in the prevention of toxin binds with the stomach, in order to avoid its absorption.

Activated charcoal is also used for the purpose of treating hangovers, intestinal gas or flatulence, high cholesterol, and cholestasis at the time of pregnancy-related stomach upset. There are multiple advantages that are offered by it and are estimated to amplify growth opportunities of the global activated charcoal supplement market.

Activated charcoal supplements help in reducing the blood levels of urea and waste products in patients with advanced-stage kidney-related illness. Activated charcoal is made in two different forms, namely pill forms and powder forms.

When consumed in powder form, it has to be mixed with water or any non-acidic juice. Rising demand for the product from the health sector is likely to encourage the growth of the global activated charcoal supplement market over the period of assessment.

Activated Charcoal Market: Overview and Forecast

The global activated charcoal products market is expected to grow at a substantial rate because of the increasing demand in water treatment and sewage treatment applications, which is due to its ability to remove particulate and dissolved impurities. It is also a cost-effective solution for purifying the air from pollutants, such as siloxanes, hydrogen sulphide, and volatile organic compounds.

Coconut shell dominated the global activated charcoal products market as charcoal products created from coconut shell have the highest hardness when it is compared with another source type. The manufacturers are always concerned about the quality of raw material as it has a direct impact on the performance of the product. Activated charcoal is considered safe in most cases, and adverse reactions are infrequent. It may cause some unpleasant side effects, and the most common one is vomiting, especially if sorbitol is also used as an ingredient.

Activated charcoal is said to be most beneficial when it is taken within the first hour after an overdose or poisoning. Older studies suggest that taking it after this initial hour is unlikely to help. Activated charcoal is not effective in all cases of poisoning, such as,  it appears to have little effect on alcohol, heavy metal, iron, lithium, potassium, acid, or alkali poisonings.

Market Key Players

The market is generally known by its key players. The major key players of the activated charcoal market includes: Kingsford Products Co LLC; Royal Oak Enterprises, LLC; Gryfskand sp zoo; Sagar Activated Charcoal Depot; Parkar Activated Charcoal Company; NAMCHAR (Pty) Ltd; Timber Activated Charcoal Company LLC; Duraflame Inc; Bricapar SA; Maurobera SA.

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Activated Charcoal Market: Key Trends

The health benefits associated with activated charcoal is fuelling the market growth.

Various health benefits such as lowering levels of cholesterol studies has shown that consuming activated charcoal tablets orally, have reduced levels of cholesterol in the blood, additionally, it is also proved helpful in decreasing intestinal gas (flatulence) and for treating reduced bile flow (cholestasis) during gestation period. Moreover, activated charcoal has been beneficial in preventing hangover. Hence, all the above mentioned factors are propelling the growth of the market.

The need for water treatment is across locations is boosting the market growth

The rising number of automobiles, manufacturing industries, and consequently growing water and air pollution has created an increased demand for the purification of air and water. Activated carbon is commonly known for its uses in cleansing the contamination. Hence, in terms of volume water treatment is considered to be holding the second largest share of more than 30% of the total the market in 2022. In addition to this, federal policies with regards to Safe Drinking and the Clean Water Act in coordination with Environmental Protection Agency (EPA) offer treatment and discharge regulations, funding programmes, and frameworks for innovative water treatment technologies are expected to fuel the market growth.

For instance, in July 2021, Veolia French transnational company with activities such as water management, waste management and energy services, enhanced the development of water business in Japan initiating a Miyagi Water and Wastewater Concession Project. This particular project is contracted for further 20 years of O&M and the renewal is for 8 treatment plants with total capacity of over 900,000 m3 per day. Further, the European Investment Bank, invested £ 4 billion in water and wastewater treatment to provide safe drinking water to 29 billion people.

Activated Charcoal Market: Segmentation

Market is segmented on the basis of source, application, and region.

On the basis of source:

•         Wood
•         Coconut Shell
•         Others

On the basis of Application:

•         Personal Care
•         Medicine & Pharmaceuticals
•         Others
•         On the basis of region:

Based on Region

North America (US, Canada), Europe (UK, France, Spain, Italy, Germany), Asia-pacific (India, China, Japan, South Korea, Australia), Latin America (Mexico, Brazil), Middle East and Africa (UAE, Saudi Arabia, South Africa)

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Frequently Asked Questions

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