Wood Activated Carbon Market for Gas Adsorption, Removal of Impurities, Decolorization, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

In order to study the various trends and patterns prevailing in the overall market for Wood Activated Carbon, Market Research Reports Search Engine (MRRSE) has included a new report titled “Wood Activated Carbon Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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Although regional players are many and currently occupy over a quarter of the global volume share for wood activated carbon, this market is primarily consolidated. The top three players in 2015 – Calgon Carbon Corporation, Cabot Corporation, and Ingevity Corporation – collectively held a share of 46.8% of the market’s total value at the time.

Owing to this high concentration of market shares held by a few prominent players, the competitive intensity is very high between them. Their rivalry is also likely to affect the growing number of small and medium scale companies coming up in countries such as China.

According to a new research report released by Transparency Market Research, the overall threat of new entrants in the global market for wood activated carbon is expected to remain medium to high over the coming years. Product differentiation is low and the demand for wood activated carbon is escalating quickly, thus allowing a positive room for new entrants to procure distribution contracts in.

Armed with a CAGR of 9.2% in revenue within a forecast period from 2016 to 2024, the global market for wood activated carbon is expected to generate US$224.7 mn by 2016, which is expected to reach US$456.0 mn by the end of 2024.

The strong ability of wood activated carbon to separate particulate matter, lead, and other harmful elements from both liquids and gases makes it exceptionally useful in the removal of impurities from substances. This application segment is expected to generate US$141.8 bn for wood activated carbon manufacturers by the end of 2024.

APAC Likely to Retain Leading Rate of Wood Activated Carbon Consumption

By the end of 2024, Asia Pacific is expected to generate US$197.18 mn in revenue from the consumption of wood activated carbon. This region is going very big on the use of wood activated carbon for removal of impurities and decolorization. At the same time, this region is also showing a very high demand for wood activated carbon for the purpose of gas absorption. The share in volume used up by Asia Pacific is expected to increase quite a bit over the coming years.

North America holds the second place in terms of demand for wood activated carbon. The demand by this region is expected to increase significantly over the coming years due to a growing use of impurity removal methods that are effective and not harmful to the environment. This region is focusing heavily on the implementation of gas absorption techniques to reduce the emission of vehicles.

Environmental Regulations Bear Down on Mercury Emissions, Spur Wood Activated Carbon Demand

“Over 70% of the mercury emissions globally come from power plants, with coal-fired and thermal power plants being the key culprits. Almost all governments are now cracking down on the emission of mercury and other harmful particles by power plants and the manufacturing industry. This increasing pressure to maintain cleaner air quality has pushed wood activated carbon into favor with most industries,” states analyst.

Both the U.S. and China are two major countries responsible mercury emissions. Both nations have agreed to adhere to strict emission norms and significantly reduce mercury levels in the atmosphere by 2020. This puts both countries at the top of the charts for wood activated carbon consumption.

Saw Dust Prices Surge Affects Wood Activated Carbon Production

The key raw materials for producing wood activated carbon include a slew of pre-treatment chemicals, wood flour, wood pellets, and saw dust. Of these, saw dust, wood pellets, and wood flour are usually derived as byproducts of wood processing.

The complication lies in the demand for these raw materials being equally high in other industries such as fuel generation and the manufacturing of synthetic resins and wood pulp. With a large number of companies holding a high demand for saw dust and other wood processing byproducts, the dependency of wood activated carbon manufacturers on saw dust becomes increasingly precarious, hindering this market’s growth rate.

“This shortage of raw materials can be mitigated by developments on other raw materials. For instance, there are several studies pointing towards the feasibility of other forms of activated carbon and even plasma processed carbon,” adds the analyst.

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.

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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.

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