Global Wood Activated Carbon Market – Industry Trends and Forecast to 2029

Wood activated carbon Market Analysis and Size

The wood activated carbon market is expected to witness significant growth in the recent years. This can be mainly attributed to the increasing need for a granular and powdered form of activated carbon, which is anticipated to rise as the demand for air and water purification in coal-fired plants rises. Furthermore, increasing applications of wood activated carbon from various industries such as personal care, pharmaceuticals, water treatment, food and beverages, and others is anticipated to boost the demand for wood activated carbon in the upcoming period.

Data Bridge Market Research analyses that the wood activated carbon market was valued at USD 301.58 million in 2021 and is expected to reach USD 680.12 million by 2029, registering a CAGR of 10.70% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Wood activated carbon Market Scope and Segmentation

Market Definition

Wood based activated carbon is formed from selected types of sawdust and wood. This type of carbon is formed by either phosphoric acid or steam activation. Most wood-based carbon pores are in the macro or meso pore region, which is perfect for decolorizing water and liquids.

Global Wood activated carbon Market Dynamics

Drivers

• Increasing utilization of wood activated carbon in food and beverages industry

Wood activated carbon is majorly used in the food and beverage for separating and purifying procedures. The wood activated carbon is used to extract purified and high-quality products and remove unwanted constituents, which is increasing rapidly in the world. Furthermore, in adsorption technology, the wood activated carbon is being used more often to handle liquids in the food and beverage sector. The rising demand for wood activated carbon in food and beverages is expected to drive the market's growth.

• Rising demand of wood activated carbon in waste water treatment

The development in population and migration of people from rural to urban areas, depletion of freshwater sources and scarcity of consumable water overall the world have increased the requirement for desalinated water. This has stimulated the governments of developing markets to invest in the water treatment area to improve their capabilities related to providing drinkable water and accommodating the growing demand. These factors are expected to fuel the adoption of wood activated carbon in the market globally.

Opportunities

• High usage of wood activated carbon in pharmaceutical industry

The pharmaceutical industry is expected to be the largest end user industry in the wood activated carbon market. The growth of the pharmaceutical sector is primarily attributed to the high demand for wood activated carbon in the purification by removing odour, colour compounds and other contaminants found in production by-products or raw materials. It is extensively used in the respiratory equipment, dialysis machine and nursing supplies for the purification, deodorization and decolorization purpose which are expected to create immense opportunities for the growth of the wood activated carbon market.

Furthermore, rising number of research and development activities for the introduction of advanced product will further create various opportunities for the growth of the wood activated carbon market during the forecast period.

Restraints/ Challenges

• Availability of low cost substitute

The availability of low-cost substitutes in the market is expected to restrain the growth of the global wood activated carbon market during the forecast period.

Moreover, stringent government regulations is also act as market restraints for the growth of the wood activated carbon during the forecast period.

This wood activated carbon market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the wood activated carbon market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Wood Activated Carbon Market

The outbreak of COVID-19 has moderately affected the wood-activated carbon market's growth. Many private and government sector businesses have ceased operations and operating at a limited capacity due to this pandemic. Manufacture of numerous consumer goods and other products all over the globe has come to a halt due to the shortage of labor, unavailability of raw materials and others. This is anticipated to hinder the growth of the wood activated carbon market.

On the other hand, various studies have gradually showed that carbon filters in masks play a vital role in improving respiratory muscles and lung capacity. Due to this, the demand for wood activated carbon is expected to grow significantly during the pandemic.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Wood Activated Carbon Market Scope

The wood activated carbon market is segmented on the basis of product, application, phase and end-user plication. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Powdered
• Granular

Application

• Fluid Adsorption
• Decolorization
• Purification

 Phase

• Liquid
• Gaseous

End-User

• Water Treatment
• Food and Beverage Processing
• Pharmaceutical and Medical
• Automotive
• Air Purification
• Others

 Wood Activated Carbon Market Regional Analysis/Insights

The wood activated carbon market is analysed and market size insights and trends are provided by country, product, application, phase and end-user as referenced above.

The countries covered in the wood activated carbon market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the wood activated carbon market in terms of revenue and market share. This is due to the growing need of the water treatment plants with the growth of textile and the automotive industry in India, and China.

North America and Europe are anticipated to be the fastest developing region during the forecast period of 2022-2029 due to the increasing spending by the government for the stimulation of emission standards with the growing preferences of the consumer towards the better quality drinking water n these region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Wood Activated Carbon Market Share Analysis

The wood activated carbon market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to wood activated carbon market.

Some of the major players operating in the wood activated carbon market are:

• Osaka Gas Co., Ltd. (Japan)
• Cabot Corporation (U.S.)
• Kuraray Co. Ltd. (Japan)
• Haycarb Plc (Sri Lanka)
• Kureha Corporation (Japan)
• Veolia (France)
• Evoqua Water Technologies Corp. (U.S.)
• Arkema (France)
• Calgon Carbon Corporation (U.S.)
• Donau Carbon GmbH (Germany)
• Silcarbon Aktivkohle GmbH (Germany)
• Oriental International (Pvt) Ltd (India)
• PURAGEN ACTIVATED CARBONS (U.S.)
• CarboTech (Germany)
• Zhengzhou Zhulin Activated Carbon Development Co., Ltd. (China)

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