Wood Activated Carbon Market
Wood Activated Carbon Market (Application - Gas Adsorption, Removal of Impurities, Decolorization) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
- Chemicals & Materials
- 186 Pages
Wood Activated Carbon Market – Snapshot
Coal is a key non-renewable raw material that has been used for the production of activated carbon over the last few years. Coal is extensively consumed in other core industrial applications, such as power generation. Therefore, alternate sources of raw materials, such as wood, are likely to gain momentum in the near future. Activated carbon produced from wood has significant carbon content and lesser inorganic components and impurities hence, wood is a viable source of raw material. Key attributes of wood activated carbon include high porosity, well developed surface area, and good mechanical strength.
The global wood activated carbon market has been segmented based on application and region. Based on application, the global wood activated carbon market has been divided into gas adsorption, removal of impurities, decolorization, and others. The removal of impurities segment dominates the wood activated carbon market, followed by the decolorization segment. Implementation of regulations related to water and air pollution across the globe is a key factor driving the global wood activated carbon market. Several underdeveloped economies across the globe are facing the challenge of depleting clean water resources due to the rise in population. Surge in demand for purification of contaminated groundwater and increase in demand for the removal of particulate matter and mercury emissions from liquid and gases streams are boosting the wood activated carbon market. According to the U.S. Environmental Protection Agency (EPA) Safe Drinking Water Act, the country limits the concentration of disinfection by-products (DBP) in drinking water. In 2015, the U.S. established new rules to assess and manage risks of algal toxins in public water systems. These factors are expected to increase the demand for wood activated carbon in drinking water applications. Increase in environment protection legislations is estimated to propel the demand for wood activated carbon. The U.S. EPA and European Union’s REACH require industries to treat wastewater before releasing it into the environment. This, in turn, is projected to significantly increase the demand for wood activated carbon during the forecast period.
Wood activated carbon is employed in various applications that clean the environment. Demand for wood activated carbon is likely to increase owing to the rise in focus on sustainability and environment recovery. Wood activated carbon is increasingly used in filtration units of pharmaceutical and synthetic chemicals and food & beverages industries for purification, and deodorization of ingredients. This is a major factor boosting the wood activated carbon market. Recovery in the auto industry is anticipated to be a key factor driving the demand for wood activated carbon. Wood activated carbon canisters are used in vehicles to reduce hydrocarbon emission and improve the performance of the engine. Increase in production of automotive in developing economies such as China, India, and Mexico is likely to propel the demand for wood activated carbon in the automotive industry in the near future.
In terms of region, the global wood activated carbon market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to dominate the global wood activated carbon market during the forecast period. Countries, such as China, depend on coal for 70% of their primary energy production. The Ministry for Environmental Protection (MEP) in China has initiated guidelines for mercury emission from 40 different source types in China. The country has been steadily increasing air pollution emission standards in each of its Five-Year Plans. The Five-Year Plan (12th Plan, 2012 – 16) continues to limit the concentration of mercury emissions from the power industry. This, in turn, is expected to boost the demand for wood activated carbon in the country during the forecast period. In North America, the U.S. was a leading consumer of wood activated carbon in 2017. Surge in automobile production, especially in the U.S., implementation of stringent emission norms in the automotive sector, and rise in emphasis on the removal of contaminants from wastewater in the region are propelling the demand for wood activated carbon. In Europe, Germany, the U.K., and countries in Rest of Europe are expected to create lucrative opportunities for manufacturers due to the rise in emphasis on mercury emission control and increase in application of wood activated carbon in food & beverage and medical industries. Presently, the market in Latin America and Middle East & Africa is expanding at a sluggish pace; however, the market in these regions is projected to expand at a moderate pace in the next few years. Demand for wood activated carbon in countries in Latin America, such as Brazil and Argentina, is expected to rise significantly due to the surge in manufacturing and industrial sectors and increase in demand for advanced urban water management technologies. In Middle East & Africa, countries in GCC are highly dependent on oil revenues. Rise in stringent regulations on mercury emission across the globe are prompting oil & gas companies in the region to adopt economical and eco-friendly processes to curb unwanted contaminants. Additionally, population in countries and sub-regions in Middle East & Africa, such as South Africa and GCC, is increasing rapidly. This, in turn, in increasing the demand for fresh drinking water. However, the region has limited water resources and poor water management technologies. Rise in government and private funding to provide quality water to population boosts the demand for wood activated carbon in the region. For instance, the Government of South Africa, as a part of its long-term National Development Plan-2030, has cited water issues as a top priority and they are collaborating with various water treatment companies to address the issues related to water management. These factors are expected to provide lucrative opportunities to manufacturers in the near future.
Major players operating in the global wood activated carbon market include Kuraray Chemicals Co Ltd., Cabot Corporation, Ingevity Corporation, and Osaka Gas Chemicals Co. Ltd. Other manufacturers of wood activated carbon include Fujian Zhixing Activated Carbon Co., Ltd., Oxbow Activated Carbon, LLC, and Carbo Tech AC GmbH.
Wood Activated Carbon Market - Overview
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.
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.
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 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
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.