Wood Activated Carbon Market 2019 to 2024, key industry players & growth trends

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Wood Activated Carbon Market to accrue
commendable proceeds over 2019-2024
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Global Market Scenario of Wood Activated Carbon
Industry

• High growth in the water treatment industry will
  be a major growth enabler for wood activated
  carbon market owing to the products extensive
  usage for water purification purposes.
• Decreasing levels of ground water coupled with
  acute shortage of potable water in many parts of
  the world has led to rising demand for water
  treatment plants.
• Increasing government regulations regarding
  discharge of industrial waste water into rivers
  and other water bodies has also led to rise in
  the number of water treatment plants across the
  world. This rise will fuel wood activated carbon
  demand in coming years and will drive the product
  market development.
• The product's usage in air purification systems
  will also contribute towards its market
  development during the forecast period. Wood
  activated carbon's ability to trap small
  particles, volatile organic compounds, and gases
  will propel its demand in air purification
  systems.

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Continue-

• Government regulations regarding air quality
  maintenance and stringent norms related to
  industrial gas emission will positively influence
  the industry development. However, increasing
  deforestation and the loss of natural habitat for
  many animal species has prompted governments in
  many countries to initiate frameworks and
  regulations to reduce destruction of flora. This
  may hamper the wood activated carbon market as
  industry participants will look for substitutes
  that are environment friendly.
• Powdered wood activated carbon product segment
  will occupy more than 60 of the overall market
  in 2024. This segment will witness a healthy
  growth rate during the forecast timeframe owing
  to its cost-effective nature and relatively
  better performance in purification applications.

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360 Industry Analysis

• Asia Pacific is the largest regional wood
  activated carbon market owing to the flourishing
  manufacturing sector in this region which will
  fuel water treatment plant's demand.
• The region will witness fast gains during the
  study period and will hold around one-third of
  the overall industry share in 2024.

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• Competitive Analysis
• Manufacturers are adopting strategies including
  joint ventures and acquisitions, new product
  launch, capacity expansion to increase the
  customer base and profits for the company.
  Further increasing demand for custom printed
  rolls will provide lucrative opportunities for
  industrialists in the forecasted time frame.
• Some of the key players in the industry are
  Koehler, Mitsubishi Mills, Ricoh and NCR

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