According to a new report by Expert Market Research titled, ‘Global Activated Carbon Market Report and Forecast 2022-2027’, the global activated carbon market reached a value of around USD 4.93 billion in 2021. The activated carbon industry is further expected to grow at a CAGR of 8% between 2022 and 2027 to attain a value of nearly USD 6.24 billion by 2028. The demand for activated carbon has witnessed a steady growth as it is used in a variety of applications to purify liquids and toxic gases, including municipal potable water, food and beverage processing, and in controlling industrial pollution. In March 2020, Kuraray Co., Ltd. (OTCMKTS: KURRF), a key player in the global activated carbon market, announced the acquisition of Calgon Carbon Corporation aiming to enhance its carbon materials business, further focusing on activated carbon, activated carbon price trend, activated carbon services, and filtration media.
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