Supercapacitor Activated Carbon Market - Global Outlook & Market Dynamics

Supercapacitor Activated Carbon Market Synopsis:

Supercapacitor Activated Carbon Market Size Was Valued at USD 137.2 Million in 2023, and is Projected to Reach USD 278.87 Million by 2032, Growing at a CAGR of 8.2% From 2024-2032.

The so-called Supercapacitor Activated Carbon Market defines a subsegment of the global activated carbon market aimed at the production of supercapacitors. These are power storage equipment that offers excellent performance characteristics among others being faster reversals between charging and discharging, high density of power and extended service durations. Activated carbon is a unique material that is desired in the construction of supercapacitors, due to; it has an extensive surface area and high electrical conductivity when used in the manufacture of the electrodes of the supercapacitors. The growth is fuelled by rising standards in energy efficiency in automotive, electronics and renewable power sectors. Supercapacitor applications include EVs, microgrid storage systems, and portable consumer devices because of their capabilities to provide short intense energy spikes. The demand will increase quickly as the industries transfer their focus towards sustainable energy technologies.

• The Supercapacitor Activated Carbon Market has been experiencing consistent growth over the recent past, with global demand for high end energy storage devices continuing to grow rapidly. The automotive industry has come out as one such lead market for supercapacitors where they are used in hybrid and electric vehicles (EVs). These devices are extended to be used in regenerative braking systems and energy recovery systems, which improves vehicle efficiency and emissions output. Furthermore, by the electronics industry the supercapacitors have been used for power backup in various devices that include smartphones, laptops, etc; thus, escalating the growth of the supercapacitors market.
• The launch and use of renewable energy systems have also contributed towards the growth of the market as well. Stand-alone supercapacitors couple solar and wind energy conversion circuits to maintain and buffer excess electrical charge storage. New government policies aiming at increasing the use of green energy along with breakthroughs in material sciences that shall lead to the creation of better performance activated carbons are anticipated to act as basis of future market’s growth. Nevertheless, issues like high production costs, and lower energy density as compared to conventional batteries are still existing.

Supercapacitor Activated Carbon Market Trend Analysis:

Rising Use of Supercapacitors in Electric Vehicles

• Electric and hybrid vehicles in the automotive application segment are driving a large trend in the Supercapacitor Activated Carbon Market through the use of supercapacitors. These devices are being applied widely in regenerative braking systems, where they harvest and convert energy that otherwise dissipates in forms of heat during braking. Moreover, power supply in EVs is facilitated by supercapacitors responsible to provide power immediately in instances like acceleration, thus improving battery scheme. This trend results from increased spending on electrical charging points for vehicles and the growing campaign to minimize emissions in cars across the globe. New research collaborations between producers of activated carbon, mainly from car industries, and supercapacitor manufactures are currently being established to achieve low cost and high performance of electrodes for use in supercapacitors.

Expansion in Renewable Energy Storage Applications

• A major opportunity that can be derived from renewable energy sector is as the Supercapacitor Activated Carbon Market. With the continued rise of the deployment of solar and wind energy systems, there is a corresponding need to store energy. Because supercapacitors are capable of delivering power quickly and sustaining a long cycle length they are being used in renewable energy systems more and more. It is essential to understand that these devices assist in determining the steadiness of the energy output as well as improving the ambient of the circuits during pulsing energy creation, and enhancing the general grid reliability. The large investors into renewable energy projects are the emerging economy countries like China, India and Brazil and their investments hold great potential for the market players. In the same vein, improvements in technologies used to manufacture activated carbon are expected to expand the manufacturing cost advantage of supercapacitor electrodes within the sector.

Supercapacitor Activated Carbon Market Segment Analysis:

Supercapacitor Activated Carbon Market is Segmented on The Basis of Type, Application, and Region.

By Type, under 1500 m2/g segment is expected to dominate the market during the forecast period

• Under 1500 m2/g segment is likely to remain the largest segment to be incorporated into the Supercapacitor Activated Carbon Market through the given period due to the general use of activated carbon in the easy production of affordable and highly efficient supercapacitor electrodes. Low surface area activated carbons of less than 1500 m2/g are appropriately priced and efficient for use in consumer electronics and cars. They are cheaper to produce than high surface area activated carbons thus this gives them an added advantage in market popularity.
• Further, the activated carbons within this category also demonstrated relatively high levels of electric conductivity and stability allowing their usage in high frequency use. It is also evident that growth in the segment has been driven by increase in manufacturing technology used in producing the under 1500 m2/g activated carbon. This make sure there is a constant source of inputs for products like energy from renewable resources, automobiles and electronics.

By Application, Electric Double-layer Capacitors (EDLCs) segment expected to held the largest share

• Among the two types of Supercapacitor Activated Carbon namely the Electric Double-layer Capacitors (EDLCs) and Pseudocapacitors, the EDLCs segment is expected to form the largest market share. EDLC s are applied in different fields because they possess high power density, fast charge/discharge rates, and considerably long cycle life. Automotive and Electronics industries among others have embraced uses of EDLCs in areas such as energy storage for electrical vehicles, portable communication gadgets like smart phones and many others.
• The demand for EDLCs is further supported by the enhancement of the carbon materials used in constructing the capacitors as it has shifted over the years. They don’t have any contribution to the growth of the segment but their application in renewable energy systems for grid stabilization and energy storage. By embracing the shift towards global sustainable energy solutions, EDLC sector is expected to maintain consistent demand until the end of the period under analysis.

Supercapacitor Activated Carbon Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• Supercapacitor Activated Carbon Market by Region were estimated to dominate the global market share of nearly 40 percent in 2023, Asia Pacific. The automotive and electronics industries can be said to have contributed to leadership in the region attributable to rapid economic growth among developing countries in the region such as China, Japan and South Korea. For instance, China is currently one of the largest manufacturing destinations for supercapacitors owing to favorable government policies promoting the use of renewable energy solutions and the sectors growth of the electric vehicle industry. Besides, a number of significant participants and rising expenditures in R&D for enhanced activated carbons have also confirmed a distinctive position of Asia-Pacific in the market.

Active Key Players in the Supercapacitor Activated Carbon Market:

• Activated Carbon Technologies (Australia)
• Cabot Corporation (United States)
• Carbon Activated Corporation (United States)
• Carbotech AC GmbH (Germany)
• DONAU CARBON GmbH (Germany)
• Haycarb PLC (Sri Lanka)
• ILJIN Diamond Co., Ltd. (South Korea)
• Jacobi Carbons Group (Sweden)
• Kuraray Co., Ltd. (Japan)
• MeadWestvaco Corporation (United States)
• Ningxia Huahui Activated Carbon Company Limited (China)
• Osaka Gas Chemicals Co., Ltd. (Japan)
• PICA (France)
• Sorbent Technologies Corporation (United States)
• Yinghe Chemical Co., Ltd. (China), and Other Active Players