Wood Activated Carbon Market : Environmental Regulation on Mercury Emissions.

Posted by ROSHAN KHACHANE on June 25th, 2019

Wood activated carbon is produced by carbonizing raw materials, such as saw dust and raw wood, in a limited supply of air. These raw materials are further modified by the steam activation or acid washing process. Wood activated carbon possesses properties such as large surface area, high mechanical strength, high porosity, low density, and decolorization. It is utilized in various industries such as water treatment, gold mining, food & beverage, pharmaceutical, and automotive.

Based on application, the wood activated carbon market has been divided into gas adsorption, removal of impurities, decolorization, and others. Removal of impurities is a leading application segment of the global wood activated carbon market. Increase in need for water treatment plants in the industrial sector in China, India, and ASEAN is propelling the demand for wood activated carbon. China is likely to drive the market in Asia Pacific during the forecast period. Wood activated carbon is gaining importance in gas adsorption applications. Mercury is a highly toxic and corrosive material, which is found in very low concentrations in various gas and liquid streams. Emissions of mercury causes air and water pollution. In an attempt to address these concerns, regulatory agencies in the U.S., Canada, China, and Germany have introduced stringent regulations to limit mercury emission. Wood activated carbon effectively removes flue gas contaminants due to its characteristics such as large surface area, fine particle size, and open-pore structure. Additionally, rise in demand for reactivated wood carbon in refineries and for reducing volatile organic compound (VOC) levels in vapor-phase applications, groundwater remediation, and wastewater treatment processes is likely to boost the wood activated carbon market during the forecast period.

Based on region, the global wood activated carbon market has been segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the global wood activated carbon market in 2017. China, India, and ASEAN offer significant opportunities in the wood activated carbon market in Asia Pacific. Rise in household income, urbanization, and foreign direct investments in various end-user industries, such as water treatment, automotive, and food & beverages, drives the demand for wood activated carbon in Asia Pacific. In Europe, Germany, the U.K., and Italy are expected create lucrative opportunities to manufacturers of wood activated carbon due to the increase in sales of treated water in these countries. Rise in government spending to stimulate emission standards, surge in consumer inclination toward high-quality drinking water, and constant research on automation technologies in the field of gas adsorption boosts the market in North America. The market in Latin America and Middle East & Africa is expanding at a sluggish pace. Limited number of producers of wood activated carbon, high dependency on imports, and high manufacturing costs inhibit the market in these regions. However, expansion of the manufacturing industry in Brazil and rise in government funding in South Africa and countries in GCC are expected to propel the market in these regions.

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The report analyzes and forecasts the wood activated carbon market at global and regional levels. The market has been projected in terms of volume (Tons) and revenue (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global wood activated carbon market. It also covers the impact of these drivers and restraints on the demand for wood activated carbon during the forecast period. The report highlights opportunities for the expansion of the wood activated carbon market at global and regional levels.The report comprises a detailed value chain analysis, which provides a comprehensive view of the global wood activated carbon market. Porter’s five forces model for the wood activated carbon market has also been included to help understand the competition landscape. The study encompasses market attractiveness analysis, wherein the application segments have been benchmarked based on their market size, growth rate, and general attractiveness.