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.
Get
PDF Brochure for more Professional and Technical insights :
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 a TMR 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.
Browse
Market Research Report with ToC & Analysis :
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 information presented in this review is based on a Transparency
Market Research report, titled, “Wood Activated Carbon Market -
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024.”
Key
Takeaways:
- Removal of impurities expected to generate US$141.8 mn for wood activated carbon players by 2024.
- Asia Pacific wood activated carbon consumption expected to generate revenue of US$197.18 mn by the end of 2024.
- Total revenue earned by wood activated carbon players on a global level is expected to reach US$456.0 mn by 2024.
- Key segments of the Global Wood Activated Carbon Market
Global
Wood Activated Carbon Market, by Application
- Gas adsorption
- Removal of impurities
- Decolorization
- Others (recovery of organic solvents, etc.)
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment