According to a new report titled ‘Wood Activated Carbon Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR), the global wood activated carbon market was valued at US$ 785.80 Mn in 2017 and is anticipated to expand at a CAGR of 8.1% from 2018 to 2026. The global wood activated carbon market is driven by stringent regulations on mercury emission from power plants. Asia Pacific accounts for a major share of the global wood activated carbon market, due to rigid government regulations regarding atmospheric emission of hazardous substances, particulate matter, and greenhouse gases in various industries in the region.
Request PDF Brochure :https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4011
Environmental Regulations on Mercury Emission from Power Plants to Drive Market
Mercury is a toxic and corrosive material that is present in small amount in various gas and liquid streams. Power generation sources emit more than 70% of mercury in the air across the globe. Thermal and coal-fired power plants are key sources responsible for producing these hazardous gases. Wood activated carbon adsorption process is a suitable processes for removing mercury. It is an excellent carrier for various impregnates, as it physically reacts with the mercury and holds it within the adsorbent particles. Increase in governmental pressure to maintain the air quality and reduce mercury level is anticipated to boost the demand for wood activated carbon in the near future. Developed and developing economies, such as the U.S. and China, are implementing control strategies to reduce mercury emissions. For instance, the U.S. is estimated to reduce mercury emission to 18.2 tons by 2020, while China is likely to reduce emission by 77.5 tons by 2020. Control targets set by these countries and characteristic properties, such as high surface area, fine particle size, and open pore structure, are expected to boost the demand for wood activated carbon in the removal process of flue gas contaminants during the forecast period. Activated carbon injection system is an effective technology which is gaining momentum in controlling gaseous emissions. This technology is anticipated to create significant opportunities for wood activated carbon manufacturers in the near future. In 2011, Standard Carbon LLC developed Stratocarb, a powdered activated carbon (PAC) manufactured from wood, especially for flue gas mercury removal applications.
REQUEST FOR COVID19 IMPACT ANALYSIS : https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=4011
Expansion of End-user Industries in Developing Economies to Create Opportunities
Economic growth in countries in Asia Pacific and Middle East & Africa is creating lucrative opportunities for wood activated carbon manufacturers. The market in developing nations is expanding due to significant expansion of chemical, automotive, and pharmaceutical industries. Thus, manufacturers are shifting their focus away from developed economies. Water pollution has become a major global concern, as industrial effluents, sewage waste, and agrochemicals are being discharged into water bodies. Advancements in chemical processing industries and drinking water technologies, especially in India, Brazil, GCC, and China, is likely to boost the demand for wood activated carbon. Wood activated carbon is a highly effective water filtration media that is used to remove contaminants from industrial and municipal wastewater and groundwater. Usage of new technologies, such as plasma processing for surface enhancement of wood activated carbon, is gaining momentum. Surface medication with this technology entails exposure of wood activated carbon to plasma under vacuum, thus altering its textural properties. Regeneration of wood activated carbon from industrial effluents is another technology that is likely to reduce the dependency on virgin raw material sources in the next few years. These factors are expected to create lucrative opportunities to manufacturers in the near future.
Explore Transparency Market Research’s award-winning coverage of the global Industry:
http://www.prnewswire.com/news-releases/urgency-to-control-fire-under-situations-of-emergency-to-support-the-of-growth-of-global-portable-fire-extinguisher-market---transparency-market-research-301019678.html
High Degree of Competition among Established Players
Key players profiled in the report include Cabot Corporation, Calgon Carbon Corporation, Carbon Activated Corporation, CarboTech AC GmbH, CECA SA, Donau Chemie AG, Fujian Zhixing Activated Carbon Co., Ltd., Ingevity Corporation, Kuraray Chemical Corporation Ltd., Osaka Gas Chemicals Co. Ltd., Oxbow Activated Carbon LLC, and Zhejiang Xingda Activated Carbon Co., Ltd. The top players (Kuraray Chemicals Co Ltd., Cabot Corporation, Ingevity Corporation, and Osaka Gas Chemicals Co. Ltd.) cumulatively accounted for more than 50% share of the market in 2017. These companies consistently engage in strategies, such as mergers & acquisitions, to expand their capacity and product portfolios. For instance, in 2018, Kuraray Chemicals Co Ltd. acquired Calgon Carbon Corporation, a leading player in the wood activated carbon market.
Global Wood Activated Carbon Market, by Application
- Gas Adsorption
- Removal of Impurities
- Decolorization
- Others
About Us:
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
0 Comments