Wood Activated Carbon Market Size, Share, Industry Demand, Rising Trends and Competitive Outlook
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The wood activated carbon market is expected to witness significant growth in the recent years. This can be mainly attributed to the increasing need for a granular and powdered form of activated carbon, which is anticipated to rise as the demand for air and water purification in coal-fired plants rises. Furthermore, increasing applications of wood activated carbon from various industries such as personal care, pharmaceuticals, water treatment, food and beverages, and others is anticipated to boost the demand for wood activated carbon in the upcoming period.
Data Bridge Market Research analyses that the wood activated carbon market was valued at USD 301.58 million in 2021 and is expected to reach USD 680.12 million by 2029, registering a CAGR of 10.70% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Scope of the Wood Activated Carbon Market Report:
The wood activated carbon market is segmented on the basis of product, application, phase and end-user plication. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Food and Beverage Processing
Pharmaceutical and Medical
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Some of the major players operating in the wood activated carbon market are:
Osaka Gas Co., Ltd. (Japan)
Cabot Corporation (U.S.)
Kuraray Co. Ltd. (Japan)
Haycarb Plc (Sri Lanka)
Kureha Corporation (Japan)
Evoqua Water Technologies Corp. (U.S.)
Calgon Carbon Corporation (U.S.)
Donau Carbon GmbH (Germany)
Silcarbon Aktivkohle GmbH (Germany)
Oriental International (Pvt) Ltd (India)
PURAGEN ACTIVATED CARBONS (U.S.)
Zhengzhou Zhulin Activated Carbon Development Co., Ltd. (China)
Wood Activated Carbon Market Regional Analysis/Insights
The Wood Activated Carbon market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Wood Activated Carbon market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Wood Activated Carbon within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Wood Activated Carbon market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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