Global market for wood activated carbon is expected to reach US$224.7 mn by the end of 2017 and US$456.0 mn by the end of 2024.
Albany, NY -- (SBWIRE) -- 06/27/2019 -- Wood activated carbon is produced by carbonizing raw materials, such as saw dust and raw wood, in a limited supply of air. These raw materials are further modified by the steam activation or acid washing process. Wood activated carbon possesses properties such as large surface area, high mechanical strength, high porosity, low density, and decolorization. It is utilized in various industries such as water treatment, gold mining, food & beverage, pharmaceutical, and automotive.
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Based on application, the wood activated carbon market has been divided into gas adsorption, removal of impurities, decolorization, and others. Removal of impurities is a leading application segment of the global wood activated carbon market. Increase in need for water treatment plants in the industrial sector in China, India, and ASEAN is propelling the demand for wood activated carbon. China is likely to drive the market in Asia Pacific during the forecast period. Wood activated carbon is gaining importance in gas adsorption applications. Mercury is a highly toxic and corrosive material, which is found in very low concentrations in various gas and liquid streams. Emissions of mercury causes air and water pollution. In an attempt to address these concerns, regulatory agencies in the U.S., Canada, China, and Germany have introduced stringent regulations to limit mercury emission. Wood activated carbon effectively removes flue gas contaminants due to its characteristics such as large surface area, fine particle size, and open-pore structure. Additionally, rise in demand for reactivated wood carbon in refineries and for reducing volatile organic compound (VOC) levels in vapor-phase applications, groundwater remediation, and wastewater treatment processes is likely to boost the wood activated carbon market during the forecast period.
Based on region, the global wood activated carbon market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the global wood activated carbon market in 2017. China, India, and ASEAN offer significant opportunities in the wood activated carbon market in Asia Pacific. Rise in household income, urbanization, and foreign direct investments in various end-user industries, such as water treatment, automotive, and food & beverages, drives the demand for wood activated carbon in Asia Pacific. In Europe, Germany, the U.K., and Italy are expected create lucrative opportunities to manufacturers of wood activated carbon due to the increase in sales of treated water in these countries. Rise in government spending to stimulate emission standards, surge in consumer inclination toward high-quality drinking water, and constant research on automation technologies in the field of gas adsorption boosts the market in North America. The market in Latin America and Middle East & Africa is expanding at a sluggish pace. Limited number of producers of wood activated carbon, high dependency on imports, and high manufacturing costs inhibit the market in these regions. However, expansion of the manufacturing industry in Brazil and rise in government funding in South Africa and countries in GCC are expected to propel the market in these regions.
The report analyzes and forecasts the wood activated carbon market at global and regional levels. The market has been projected in terms of volume (Tons) and revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global wood activated carbon market. It also covers the impact of these drivers and restraints on the demand for wood activated carbon during the forecast period. The report highlights opportunities for the expansion of the wood activated carbon market at global and regional levels.
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The report comprises a detailed value chain analysis, which provides a comprehensive view of the global wood activated carbon market. Porter's five forces model for the wood activated carbon market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein the application segments have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global wood activated carbon market by segmenting it in terms of application and region. These segments have been analyzed based on present and future trends. Regional segmentation includes current and future demand for wood activated carbon in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers individual application segments of the market across all regions.
The study includes profiles of major companies operating in the global wood activated carbon market. Key players profiled in the report include Cabot Corporation, Calgon Carbon Corporation, Carbon Activated Corporation, CarboTech AC GmbH, CECA SA, Donau Chemie AG, Fujian Zhixing Activated Carbon Co., Ltd., Ingevity Corporation, Kuraray Chemical Corporation Ltd., Osaka Gas Chemicals Co. Ltd., Oxbow Activated Carbon LLC, and Zhejiang Xingda Activated Carbon Co., Ltd. Market players have been profiled in terms of company overview, business strategies, recent developments, and SWOT analysis.
The report provides the estimated market size of the global wood activated carbon market for 2018 and forecasted for the next eight years. The size of the global wood activated carbon market has been provided in terms of revenue. Market numbers have been estimated based on application and region. Market size and forecast for each application segments have been provided for global and regional markets.
Global Wood Activated Carbon Market, by Application
Removal of Impurities
Global Wood Activated Carbon Market, by Region
Rest of Latin America
Russia & CIS
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East & Africa
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The report provides extensive analysis of market trends from 2017 to 2026 to identify opportunities and market developments
It provides analysis of various applications that employ wood activated carbon
It identifies key factors responsible to build a roadmap for upcoming opportunities for the wood activated carbon market at a global, regional, and country levels
The report offers comprehensive analysis regarding investments and regulatory scenarios which are likely to impact the outlook and forecast of the global wood activated carbon market between 2018 and 2026
The report provides detailed competition landscape for key players operating in the market to understand competition level
It includes Porters' Five Forces analysis and SWOT analysis to highlight the power of buyers and suppliers
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