Wood activated carbon is made by utilizing co-products formed during wood processing procedures. Wood chips, saw dust, wood flour and pellets, and other residual materials are some of the raw materials utilized for the production of wood activated carbon. After the feedstock is crushed and dried, the carbonization reaction is implemented on this feedstock in order for it to yield amorphous carbon. After this, the amorphous carbon is activated by heating it under high temperature conditions with the presence of steam. This process further results in the formation of activated carbon. Wood activated carbon is utilized as an adsorbent for liquid phase and gas phase applications in numerous end-use industries including power generation, water treatment, and food and beverages.
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Rising Environmental Regulations on Mercury Emissions to Boost Wood Activated Carbon Market
The rising environmental regulations on mercury emissions through power plants, particularly in China and the U.S., are amongst the major factors boosting the growth of the market for wood activated carbon. In addition, the utilization of wood activated carbon within water purification applications will also raise its demand in the coming years, hence impacting the market positively. Furthermore, the wood activated carbon technology is quite performance-efficient and cost effective. This factor further augments the development of the market.
Technological advancements in surface modification of wood activate carbon and the enhancement in adsorption efficiencies are the key growth opportunities within the market. On the other hand, the volatility in prices of raw materials utilized for making wood activated carbon may impede the growth of the market in the coming years.
Employment of Wood Activated Carbon Highest in Removal of Impurities
Wood activated carbon is majorly employed in applications such as removal of impurities, gas adsorption, decolorization, and others including recovery of organic solvents and deodorization. Amongst these, on the basis of volume, the utilization of wood activated carbon is the highest in the removal of impurities. This application segment constituted a share of over 30% in the market in 2015. This is owing to the utilization of wood activated carbon in liquid and gas streams for the removal of a number of impurities. On the other hand, gas adsorption is poised to emerge as the most swiftly developing application segment between 2016 and 2024. This is owing to the qualities of wood activated carbon, such as better adsorption and extremely porous structure, which make it highly suitable for use within gas adsorption applications.
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Asia Pacific Wood Activated Carbon Market to Lead from 2016 to 2024
Geographically, the wood activated carbon market is segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East and Asia (MEA). Of these, Asia Pacific is predicted to lead the market from 2016 to 2024 due to the increasing employment of wood activated carbon within the water treatment industry. However, North America is anticipated to be the most rapidly growing region in the forecast horizon. On the other hand, Europe is predicted to show sluggish growth in the market from 2016 to 2024.
Calgon Carbon Corporation, Carbon Activated Corporation, Donau Chemie AG, Ingevity Corporation, and Kuraray Chemical Corporation Ltd., among others are the chief players dominant in the market.