Mercury Emission Control and Wastewater Management Drives Strengthen, Boost Wood Activated Carbon Demand Globally
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 2015 – Calgon Carbon
Corporation, Cabot Corporation, and Ingevity Corporation – collectively held a
share of 46.8% of the market’s total value at the time.
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.
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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 9.2% in revenue within a forecast period
from 2016 to 2024, the global market for wood activated carbon is expected to
generate US$224.7 mn by 2016, which is expected to reach US$456.0 mn 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 bn 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 mn 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.
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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.
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.
“This shortage of raw materials can be mitigated by developments
on other raw materials. For instance, there are several studies pointing
towards the feasibility of other forms of activated carbon and even plasma
processed carbon,” adds the analyst.
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