Global Wood Activated Carbon Market: Snapshot
The current state of air quality and growing climate control concerns are the key factors driving the demand for wood activated carbon across the world. Over 70% of the overall mercury emissions in the world come from power generation sources. The removal of mercury particles from power plant emissions is one of the core requirements of wood activated carbon. The regulatory norms surrounding mercury emission have also solidified considerably in the recent past, especially in the U.S. and China, two strong production economies in the world. The growing level of emission control points to the extensive use of wood activated carbon as one of the cleaner and safer ways to remove gaseous impurities.
Similar uses of wood activated carbon are found in water purification. The removal of pollutants including sewage wastes, effluents and industrial wastes, and agrochemicals are the core chemicals that need to be removed from water before domestic consumption. The growing need for wood activated carbon to control the amount of water pollution has sparked a very demand for it in emerging economies.
The revenue generated in the global market for wood activated carbon is expected to reach US$224.7 mn by the end of 2016 and US$456.0 mn by the end of 2024. This revenue is expected to progress at a CAGR of 9.2% from 2016 to 2024.
Massive APAC Demand for Wood Activated Carbon
A massive proportion of the global demand for wood activated carbon comes from Asia Pacific. By the end of 2024, it is expected that Asia Pacific will account for 44.1% of the total volume of wood activated carbon consumed in the world. The primary reason for this is the strengthening push to secure cleaner air and water quality in the region’s top emerging nations. Apart from the removal of impurities, Asia Pacific is also showing a high demand for wood activated carbon in decolorization. The region also benefits massively from the strong presence of several key wood activated carbon producers, thereby gaining a higher level of supply and demand.
North America and Europe are expected to generate most of their demand for from the need to remove gaseous impurities. Although both regions are showing a high demand for wood activated carbon, Europe is expected to lose share percentage by 2024 to the booming demand shown by Asia Pacific.
Impurity Removal Remains Top Concern for Wood Activated Carbon Use
By the end of 2024, 30.3% of the total wood activated carbon consumed is expected to go into the removal of impurities. Environment protection and emission control are being taken very seriously in all regions of the world today. Additional measures such as the use of wood activated carbon are therefore being taken, especially in regions that are showing a high rate of industrial growth. This application segment is expected to continue leading the demand for wood activated carbon over the coming years as pollution control norms are only expected to become stricter.
The second-largest use of wood activated carbon comes from decolorization. This application segment caters to the use of wood activated carbon in the industries of sugar, food, pharmaceuticals, and wastewater management. In wastewater management, wood activated carbon is used to decolor cleaning solvents.
The top providers of wood activated carbon in the world include Calgon Carbon Corporation, Cabot Corporation, Ingevity Corporation, and Osaka Gas Chemicals Co. Ltd.
Wood activated carbon is manufactured by the steam activation process of wood products such as saw dust, wood chips, and wood flour. Activated carbon derived from wood has high porosity and defined internal structure. Furthermore, good mechanical strength and density are other important attributes of wood activated carbon. Thus, wood activated carbon is widely used as an adsorbent to treat polluted water and air.
The report analyzes the wood activated carbon market on the global, regional, and in major countries. The study provides forecast from 2016 to 2024 based on volume (kilo tons) and revenue (US$ Mn).
The study offers a widespread view of the wood activated carbon market by dividing it into key application segments such as removal of impurities, gas adsorption, decolorization, and others. Application segments have been analyzed based on present and future trends of the market demand. The global wood activated carbon market is further segmented in terms of key geographical regions. The regional segmentation includes current and forecast demand for wood activated carbon in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). The report includes country-level analysis in terms of volume and revenue for application segments. Key countries such as the U.S., U.K., France, Germany, Italy, Spain, Belgium, China, Japan, Brazil, South Africa, as well as ASEAN and GCC regions are included in the study. Market segmentation includes demand for individual applications in all the regions and their respective countries.
The report encompasses detailed value chain analysis that provides an expansive view of the market. The analysis further provides detailed information about value addition at each stage of the value chain. The report covers major drivers and restraints of the global wood activated carbon market along with their influence on demand during the forecast period. Additionally, it includes the study of opportunities in the wood activated carbon market at the global level.
The report comprises Porter’s Five Forces Model to estimate the degree of competition in the global wood activated carbon market. The report also comprises qualitative description on market attractiveness analysis in two sub-sections. The first sub-section consists of applications of wood activated carbon that are analyzed based on their attractiveness, growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors. The second sub-section provides market attractiveness by analyzing key countries of each geographical region. The report also includes price trend analysis of raw materials such as saw dust, wood flour, wood pellets, and other pretreatment chemicals required during the manufacture of wood activated carbon.
Secondary research sources that have been typically referred to include, but are not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to assemble this research report. Primary research represents the bulk of the research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in the validation and reinforcement of our secondary research findings. Primary research further aided in improving the overall expertise and market understanding of the analysis team.
The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Key players profiled in the report include Cabot Corporation, Calgon Carbon Corporation, Carbo Tech AC GmbH, Carbon Activated Corporation, 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. Company profiles include fundamental pointers such as company overview, number of employees, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview.
This report segments the global wood activated carbon market as follows:
- Wood Activated Carbon Market - Application Analysis
- Gas adsorption
- Removal of impurities
- Others (Including recovery of organic solvents, etc.)
- Wood Activated Carbon Market - Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- North America