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Wood Activated Carbon Market 2018-2024 | Haycarb Plc, Jacobi Carbons, Ingevity, Chemtex Speciality Limited, Induceramic, Acuro Organics Ltd, Osaka Gas Chemicals Co. Ltd, Kuraray
Wood Activated Carbon Market
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High growth in the water treatment industry will be a major growth enabler for wood activated carbon market owing to the products extensive usage for water purification purposes. Decreasing levels of ground water coupled with acute shortage of potable water in many parts of the world has led to rising demand for water treatment plants.
Increasing government regulations regarding discharge of industrial waste water into rivers and other water bodies has also led to rise in the number of water treatment plants across the world. This rise will fuel wood activated carbon demand in coming years and will drive the product market development.
Wood Activated Carbon Market will surpass USD 500 million by 2024; according to a new research report. The product’s usage in air purification systems will also contribute towards its market development during the forecast period. Wood activated carbon’s ability to trap small particles, volatile organic compounds, and gases will propel its demand in air purification systems.
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Government regulations regarding air quality maintenance and stringent norms related to industrial gas emission will positively influence the industry development. However, increasing deforestation and the loss of natural habitat for many animal species has prompted governments in many countries to initiate frameworks and regulations to reduce destruction of flora. This may hamper the wood activated carbon market as industry participants will look for substitutes that are environment friendly.
Powdered wood activated carbon product segment will occupy more than 60% of the overall market in 2024. This segment will witness a healthy growth rate during the forecast timeframe owing to its cost-effective nature and relatively better performance in purification applications.
Asia Pacific is the largest regional wood activated carbon market owing to the flourishing manufacturing sector in this region which will fuel water treatment plant’s demand. The region will witness fast gains during the study period and will hold around one-third of the overall industry share in 2024.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Kuraray Co., Ltd.
2. HAYCARB (PVT) LTD.
3. D&R Corporation
4. Jacobi Carbons
5. Ingevity Corporation
6. Kalpaka Chemicals
7. Chemtex Speciality Limited
8. EUROCARB
9. Induceramic
10. Acuro Organics Ltd
11. Adsorbent Carbons Private Ltd.,
12. Osaka Gas Chemicals Co. Ltd.
13. Fujian Zhixing Activated Carbon
14. Zhejiang Xingda Activated Carbon
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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