Wood Activated Carbon Market to Perceive Substantial Growth During 2025


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 2017 – Calgon Carbon Corporation, Cabot Corporation, and Ingevity Corporation – collectively held nearly half of the market’s total value at the time.

Read Report Overview @

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.

Armed with a CAGR of 9.5% in revenue within a forecast period from 2017 to 2024, the global market for wood activated carbon is expected to generate US$245.6 million by 2017, which is expected to reach US$463.6 million 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 million 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 million 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.

Request to view Sample Report:

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.




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
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

Comments

Post a Comment

Popular posts from this blog

Wood Adhesives and Binders Market to Perceive Substantial Growth During 2020 The competitive landscape of global wood adhesive and binders market is fragmented, as only tope four players are responsible for 36% of the total market, as analyzed by Transparency Market Research (TMR). As the market requires huge amount of capital and significant high setup cost some of the key players play a noticeable role. Henkel AG, Dow Chemical Company, 3M Company and Co., KGaA, HB Fuller, and 3M Company are some of the key players analyzed in the report. The global wood adhesive and binders market is consolidated due to the high cost involved to customize products by using innovative technologies. The competition is also fierce due to limited number of players competing against each other. Although new player with strong financial support will pave their way in bio based adhesive formulations. Read Report Overview @ https://www.transparencymarketresearch.com/wood-adhesives-binders-market.html As per the analysis done by the TMR authors, the global wood adhesive and binders market is estimated to reach a valuation of US$ 17.7 bn by the end of the forecast period in 2020. The CAGR is projected to expand at 4.4% between 2014 to 2020. The furniture and subcomponents segment under the application category is estimated to lead the market by attaining 5% CAGR during the forecast period. As per geography, North America leads the global market. The region is witness larger consumption of wood adhesive and binders market in the recent past. Increasing Demand in Construction Industry Could Boost the Market Wood adhesive and binders have a significant role in making cabinets, windows, doors, flooring, plywood, and various other structural panels. The use of wood adhesive and binders is widely seen in furniture and construction areas. As the construction market is estimated to increase at a CAGR of 4.7% during 2016 to 2020, which will significantly boost the demand for wood adhesive and binders during the same period. Rising population in emerging nations, require residential facilities thus propelling the construction and infrastructure market, which will further boost the demand for wood adhesive and binders market. Asia Pacific being the major region where building and construction industry have significantly growing 2015 to 2020. Environmental Concerns May Restrain the Wood Adhesive and Binders Market to Grow at its Full Potential Petroleum based feedstock like vinyl, styrene butadiene, urea, acetate, phenols, acrylates, and polyurethanes helps in manufacturing wood adhesive and binders. As these petroleum feedstock’s are highly dependent on crude oil, even a minute fluctuation in the crude oil prices affects the raw material required to manufacture wood adhesive and binders. Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=3045 Additionally, with the emission of volatile organic compounds (VOC) while manufacturing wood adhesive and binders highly affects the environment and create various health risks. The increasing environmental concerns may restrict the market from attaining its full potential. Thus to mitigate these harmful effects number of governments are bring regulation to restrict the amount of gasses releases while manufacturing adhesives and binders which will help the market to grow in coming years. 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 State Tower, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com

The competitive landscape of global wood adhesive and binders market is fragmented, as only tope four players are responsible for 36% of the total market, as analyzed by Transparency Market Research (TMR). As the market requires huge amount of capital and significant high setup cost some of the key players play a noticeable role. Henkel AG, Dow Chemical Company, 3M Company and Co., KGaA, HB Fuller, and 3M Company are some of the key players analyzed in the report. The global wood adhesive and binders market is consolidated due to the high cost involved to customize products by using innovative technologies. The competition is also fierce due to limited number of players competing against each other. Although new player with strong financial support will pave their way in bio based adhesive formulations. Read Report Overview @ https://www.transparencymarketresearch.com/wood-adhesives-binders-market.html As per the analysis done by the TMR authors, the glob...
Keep reading

High-performance Anti-corrosion Coatings Market to Record an Exponential CAGR by 2024

The global high-performance anti-corrosion coatings market was valued at US$ 12.60 Bn in 2017 and is anticipated to expand at a CAGR of 5.9% from 2018 to 2026, according to a new report titled ‘High-performance Anti-corrosion Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,’ published by Transparency Market Research (TMR). The global high-performance anti-corrosion coatings market is driven by growth of the global oil & gas industry. Asia Pacific accounts for a major share of the global market, due to growth of construction, marine, and oil & gas industries in the region. Read Report Overview @ https://www.transparencymarketresearch.com/high-performance-anticorrosion-coatings-market.html The number of oil & gas drilling and exploration activities has increased in the last few years. The Gulf of Mexico, Southeast Asia, and North Sea are currently rich in oil & gas resources and they have a large ...
Keep reading

Water Pump Market - Global Industry Analysis , Share 2023 | TMR

Albany, New York, May 29, 2017: Transparency Market Research (TMR) announces a new report on the global water pump market. The report, titled ‘Water Pump Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2023,’ profiles the historical development of the market to derive useful patterns regarding the way the market has developed in the recent past. Based on a solid database of past and present data, reliable projections regarding the future growth trajectory of the global water pump market have been provided in the report. The report provides readers with a comprehensive picture of the global water pump market, making it a must-have accessory for interested parties in the market. Browse Market Research Report @ http://www.transparencymarketresearch.com/water-pump-market.html Water pumps have been a necessity in human development and have played a key role in the development of human civilization itself. In recent years, the global w...
Keep reading