Press release
Wood Activated Carbon Market to Hit 10% CAGR to 2024: Top Key Players Kuraray, Ingevity, Kalpaka Chemicals, Chemtex Speciality, Induceramic, Acuro Organics Ltd, Jacobi Carbons
Wood Activated Carbon Market 2024
Latin America and Asia Pacific's wood activated carbon market will be a largest with over 45% of the entire industry in coming years. Latin America will account for over USD 30 million growing with a noteworthy CAGR over the forecast period. High production and abundant availability of raw materials in these regions will promote the regional industry growth by 2024, which will positively influence the overall wood activated carbon market growth.
The major producers in the wood activated carbon industry include Kuraray, Haycarb, Ingevity Corporation, Chemtex, D&R Corporation, PT. Rodaniaga Kokoh Nusantara and others.
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Wood Activated Carbon Market will surpass USD 500 million by 2024; according to a new research report. The changes in regulatory norms regarding the control of harmful gas emission is the key factor for industry growth in forecast timeframe. Nearly 80% of mercury and other harmful gas emission comes from the manufacturing units, mines, and other thermal power plants and almost all regional governments are cracking down on this issue. Increasing pressure from the government for maintaining the air quality and reducing the mercury level will spur the wood activated carbon market demand in the near future. This is due to the superior features which include low cost, ease of availability, extreme purity, and high filtration strength. As compared to other regions, Asia Pacific led by China and India, and Europe are on the top of the list for significant product consumption owing to presence of myriad manufacturing units.
Strict norms regarding the cutting down of trees for the production of wood activated carbon will be a major restraining factor for the industry growth in coming years. Regulatory bodies include United Nations Framework Convention on Climate Change (UNFCCC), Institute for Rural Settlement and Agrarian Reform (INCRA), Institute of Man and Environment of Amazonia (IMAZON), National Institute for Space Research (INPE), etc. in Latin America and Europe will restrict the industry growth by implementing various rules to save the flora and fauna.
Wood activated carbon market has been segregated based on product, application, end-user and region. The product segment comprises powdered and granular wood activated carbon. Among these, powdered form will hold over two-thirds of the entire wood activated carbon industry in 2024. Powdered form of the product is cheaper than granular one and find its usage for water and air purification as it has superior adsorption, high filtration and purification strength.
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Wood activated carbon market applications are segmented based on product usage which include fluid adsorption, decolorization, purification, and others. Other applications comprise deodorizing, solvent recycling, etc. Among these, fluid adsorption and purification will have a combined share of over 55% in this segment in 2024.
The major end-user segments include air treatment, water treatment, food & beverage, and pharmaceutical. Minor industries include automotive, chemical, gold mining, etc. and have been considered in the others segment. In terms of revenue, water treatment is likely to generate more than USD 200 million in 2024. This is due to the excessive usage of the product in water treatment plants owing to the superior intrinsic properties.
Latin America and Asia Pacific's wood activated carbon market will be a largest with over 45% of the entire industry in coming years. Latin America will account for over USD 30 million growing with a noteworthy CAGR over the forecast period. High production and abundant availability of raw materials in these regions will promote the regional industry growth by 2024, which will positively influence the overall wood activated carbon market growth.
Table of Content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Wood activated carbon industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. End-user by application trends
2.1.4. Application trends
2.1.5. Regional trends
Chapter 3. Wood Activated Carbon Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.3.3. Profit margin analysis
3.3.4. Value addition at each stage
3.4. Raw material analysis
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Growth in water treatment industry
3.5.1.2. Supportive regulations related to the clean and healthy air
3.5.2. Industry pitfalls & challenges
3.5.2.1. Availability of substitute product
3.5.2.2. Stringent government regulation regarding the deforestation
3.6. Growth potential analysis
3.7. Porter’s analysis
3.8. Technology trends
3.9. Regulatory trends
3.10. Company market share analysis, 2016
3.10.1. Strategic landscape
3.11. PESTEL analysis
3.12. Pricing analysis
3.12.1. Regional pricing
3.12.2. Cost structure analysis
Chapter 4. Wood Activated Carbon Market, By Product
4.1. Global wood activated carbon market share by product, 2016 & 2024
4.2. Powdered
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast by region, 2013 – 2024
4.3. Granular
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast by region, 2013 – 2024
Chapter 5. Wood Activated Carbon Market, End-user By Application
5.1. Global wood activated carbon market share by end-user, 2016 & 2024
5.2. Air treatment
5.2.1. Market estimates and forecast, by application, 2013 – 2024
· Fluid adsorption
· Decolorization
· Purification
· Others
5.2.2. Market estimates and forecast by region, 2013 – 2024
5.3. Water treatment
5.3.1. Market estimates and forecast, by application, 2013 – 2024
· Fluid adsorption
· Decolorization
· Purification
· Others
5.3.2. Market estimates and forecast by region, 2013 – 2024
5.4. Food & beverage
5.4.1. Market estimates and forecast, by application, 2013 – 2024
· Fluid adsorption
· Decolorization
· Purification
· Others
5.4.2. Market estimates and forecast by region, 2013 – 2024
5.5. Pharmaceutical
5.5.1. Market estimates and forecast, by application, 2013 – 2024
· Fluid adsorption
· Decolorization
· Purification
· Others
5.5.2. Market estimates and forecast by region, 2013 – 2024
5.6. Others
5.6.1. Market estimates and forecast, by application, 2013 – 2024
· Fluid adsorption
· Decolorization
· Purification
· Others
5.6.2. Market estimates and forecast by region, 2013 – 2024
For more information on this report at: https://www.marketstudyreport.com/reports/wood-activated-carbon-market/?utm_source=Openpr.com-SP
Related Report:
Global Powder Wood Activated Carbon Market Professional Survey Report 2019
The global Powder Wood Activated Carbon market was valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019-2025.
This report focuses on Powder Wood Activated Carbon volume and value at global level, regional level and company level. From a global perspective, this report represents overall Powder Wood Activated Carbon market size by analyzing historical data and future prospect.
https://www.marketstudyreport.com/reports/global-powder-wood-activated-carbon-market-professional-survey-report-2019?utm_source=RR-SP
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