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Global Wood Activated Carbon Market Propelled by Rising Demand in Impurity Removal, Gas Adsorption Applications

Article Description

Wood activated carbon is a type of carbon used for various applications such as purification of liquid and air streams, decolorization, and deodorization. It is produced by treating the residue of wood processes with steam at high temperatures. This produces a highly porous and amorphous type of carbon that can be used to remove impurities by adsorption. 

According to a new market study added the to the vast market intelligence catalog of Market Research Reports Search Engine (MRRSE), the value of the global wood activated carbon market is expected to grow from US$206.5 mn to US$456 mn from 2015 to 2024, exhibiting a 9.2% CAGR between 2016 and 2024.

Impurity Removal Emerges as Largest Application Segment of Wood Activated Carbon Market

Purification and removal of impurities was the dominant application of wood activated carbon in 2015 and held a 30% share in the global market. Wood activated carbon attaches to impurities such as lead and mercury, making it easier to remove them from a liquid or gas stream. The ease with which activated wood carbon attaches to such molecules is due to its high porosity. The small size of the activated wood carbon particles also results in an extremely high surface area, making it even easier for it to remove impurities.

As a result of the efficient removal of impurities achieved by the use of wood activated carbon, the industrial sector is the largest consumer of the same. The application of wood activated carbon in the industrial sector has been boosted majorly by the initiation of regulations mandating the purification of gaseous and liquid emissions from industries. In the U.S. and China, for instance, stringent regulations mandating the removal of mercury from airborne industrial emissions have provided an immense boost to the regional wood activated carbon markets.

Gas adsorption through the use of wood activated carbon is another major segment of the global market and is expected to expand at the highest rate over the forecast period.

Developing Regions Exhibiting High Demand for Wood Activated Carbon for Water Purification

Regionally, the global wood activated carbon market can be segmented into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America. Of these, Asia Pacific took up the largest share in the global wood activated carbon market in 2015.

Browse Full Global Wood Activated Carbon Market Report with TOC :

The primary driver for this regional wood activated carbon market is the rising demand for water purification in rapidly urbanizing countries such as India, China, and Thailand. Like with airborne emissions, wood activated carbon is also highly effective in removing impurities such as lead from a water body. As a result, many municipalities have started using it as one of many efficient and efficacious ways of providing clean, safe water to the population.

North America is also a dominant regional market for wood activated carbon due to the growing demand for it from the region’s booming industrial sector. On the other hand, the Latin America and MEA markets for wood activated carbon are expected to become major players in the global market in the coming years due to the rising demand for effective gas adsorption mechanisms to eliminate hazardous gases in the growing petrochemical industry.