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ASIA-PACIFIC ACTIVATED CARBON MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific Activated Carbon Market by Product Type (Powdered Activated Carbon, Granulated Activated Carbon, Other Product Types) Market by Raw Material (Coal, Coconut Shell, Wood, Other Raw Materials) Market by End-user (Water Treatment, Food & Beverage, Pharmaceutical and Medical, Automotive, Air Purification, Other End-users) by Geography


MARKET OVERVIEW

The Asia-Pacific activated carbon market is estimated to register a CAGR of xx% in terms of volume and 7.79% in terms of revenue during the forecast years of 2023-2032

The region’s market growth is primarily influenced by factors such as rapid industrialization in developing countries, the presence of low-cost vendors, and the increasing number of water treatment and air purification plants in the Asia-Pacific.

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The Asia-Pacific activated carbon market growth is analyzed through the assessment of China, India, Australia, Japan, South Korea, and Rest of Asia-Pacific. In Japan, activated carbon is primarily used for scrubbing emissions from industries such as fossil fuel power plants and water treatment. Moreover, other end-users, including healthcare and automotive, significantly contribute to the country’s growing demand for activated carbon. Fibrous-activated carbon has also been gaining prominence in Japan on account of its outstanding performance in terms of removing hazardous substances. Furthermore, the International Standard Organization (ISO) has issued a novel global standard for fibrous-activated carbon, projected to improve environmental conservation while promoting the high performance of Japanese fibrous-activated carbon products across the world. 

On the other hand, in South Korea, activated carbon is predominantly utilized in industrial processing for scrubbing operations and water treatment, in addition to niche applications across the food & beverage and automotive industry. The country also harbors a robust market for sludge management, emerging due to legal changes barring landfill disposal and restraining the volume of sludge discharged into the ocean. Hence, with the recent amendments to regulatory norms, the demand for advanced solutions for the recycling of sewage sludge, as well as volume reduction in South Korea, has increased. This factor, in turn, provides the activated carbon market in the region with lucrative growth opportunities. 

The Asia-Pacific activated carbon market is segmented into product type, raw material, and end-user. The end-user segment includes water treatment, pharmaceutical and medical, automotive, air purification, food & beverage, and other end-users. Activated carbon is a preferred water treatment technique owing to its multifunctional nature, in addition to the fact that it does not add any detrimental elements to the treated water. The majority of activated carbons are made from raw materials like wood, coal, nutshells, and petroleum.

Granular activated carbon (GAC) is typically used for the removal of residual disinfectants and organic constituents in water supplies. This method of water treatment minimizes health hazards and improves the taste while also protecting other treatment units, such as ion exchange resins and reverse osmosis membranes, from possible damage resulting from organic fouling or oxidation.

Key players operating in the Asia-Pacific activated carbon market are Osaka Gas Co Ltd, Kuraray Co Ltd, Kureha Corporation, etc.

Kuraray Co Ltd, headquartered in Japan, supplies fibers, chemical products, resins, high-performance materials, and medical products. Through its subsidiaries, the company operates in Asia, Europe, North America, and other regions across the world. Moreover, its six business segments include vinyl acetate, functional materials, trading, isoprene, fibers and textiles, and others.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million), Volume (Kilotons)
Segments Analyzed
Product Type, Raw Material, End-User
Countries AnalyzedChina, India, Australia, Japan, South Korea, Rest of Asia-Pacific
Companies AnalyzedOsaka Gas Co Ltd, Kuraray Co Ltd, Haycarb PLC, Cabot Corporation, Kureha Corporation, Donau Carbon GmbH, Oxbow Activated Carbon LLC, Silcarbon Atkivkohle GmbH, BASF SE, Prominent Systems Inc

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. RISING DEMAND FOR WATER AND SEWAGE TREATMENTS
      2. ACCELERATING DEMAND FOR MERCURY CONTROL APPLICATIONS
      3. EXTENSIVE USAGE OF ACTIVATED CARBON IN THE PHARMACEUTICAL AND HEALTHCARE INDUSTRIES
      4. RESURGENCE OF THE AUTO INDUSTRY
    2. KEY RESTRAINTS
      1. SCARCITY OF RAW MATERIALS
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON ACTIVATED CARBON MARKET
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. VENDOR LANDSCAPE
    6. KEY BUYING CRITERIA
    7. REGULATORY FRAMEWORK
  5. MARKET BY PRODUCT TYPE (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOTONS)
    1. POWDERED ACTIVATED CARBON (PAC)
    2. GRANULATED ACTIVATED CARBON (GAC)
    3. OTHER PRODUCT TYPES
  6. MARKET BY RAW MATERIAL (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOTONS)
    1. COAL
    2. COCONUT SHELL
    3. WOOD
    4. OTHER RAW MATERIALS
  7. MARKET BY END-USER (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOTONS)
    1. WATER TREATMENT
    2. FOOD & BEVERAGE
    3. PHARMACEUTICAL AND MEDICAL
    4. AUTOMOTIVE
    5. AIR PURIFICATION
    6. OTHER END-USERS
  8. GEOGRAPHICAL ANALYSIS 
    1. ASIA-PACIFIC
      1. MARKET SIZE & ESTIMATES
      2. KEY GROWTH ENABLERS
      3. KEY CHALLENGES
      4. KEY PLAYERS
      5. COUNTRY ANALYSIS
        1. CHINA
        2. JAPAN
        3. INDIA
        4. SOUTH KOREA
        5. AUSTRALIA 
        6. REST OF ASIA-PACIFIC
  9. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. BASF SE
      2. CABOT CORPORATION
      3. DONAU CARBON GMBH
      4. HAYCARB PLC
      5. KURARAY CO LTD
      6. KUREHA CORPORATION
      7. OSAKA GAS CO LTD
      8. OXBOW ACTIVATED CARBON LLC 
      9. PROMINENT SYSTEMS INC
      10. SILCARBON ATKIVKOHLE GMBH

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ACTIVATED CARBON

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)

TABLE 6: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2032 (IN KILOTONS)

TABLE 7: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY RAW MATERIAL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY RAW MATERIAL, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY RAW MATERIAL, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)

TABLE 10: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY RAW MATERIAL, FORECAST YEARS, 2023-2032 (IN KILOTONS)

TABLE 11: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 12: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 13: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)

TABLE 14: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN KILOTONS)

TABLE 15: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 16: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 17: LEADING PLAYERS OPERATING IN ASIA-PACIFIC ACTIVATED CARBON MARKET

TABLE 18: LIST OF MERGERS & ACQUISITIONS

TABLE 19: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 20: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 21: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: ASIA-PACIFIC ACTIVATED CARBON MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2022

FIGURE 7: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY POWDERED ACTIVATED CARBON (PAC), 2023-2032 (IN $ MILLION)

FIGURE 8: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY GRANULATED ACTIVATED CARBON (GAC), 2023-2032 (IN $ MILLION)

FIGURE 9: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY OTHER PRODUCT TYPES, 2023-2032 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC ACTIVATED CARBON MARKET, GROWTH POTENTIAL, BY RAW MATERIAL, IN 2022 

FIGURE 11: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY COAL, 2023-2032 (IN $ MILLION)

FIGURE 12: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY COCONUT SHELL, 2023-2032 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY WOOD, 2023-2032 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY OTHER RAW MATERIALS, 2023-2032 (IN $ MILLION)

FIGURE 15: ASIA-PACIFIC ACTIVATED CARBON MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022 

FIGURE 16: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY WATER TREATMENT, 2023-2032 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY FOOD & BEVERAGE, 2023-2032 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY PHARMACEUTICAL AND MEDICAL, 2023-2032 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY AUTOMOTIVE, 2023-2032 (IN $ MILLION)

FIGURE 20: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY AIR PURIFICATION, 2023-2032 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC ACTIVATED CARBON MARKET, BY OTHER END-USERS, 2023-2032 (IN $ MILLION)

FIGURE 22: ASIA-PACIFIC ACTIVATED CARBON MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 23: CHINA ACTIVATED CARBON MARKET, 2023-2032 (IN $ MILLION)

FIGURE 24: JAPAN ACTIVATED CARBON MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: INDIA ACTIVATED CARBON MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: SOUTH KOREA ACTIVATED CARBON MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: AUSTRALIA ACTIVATED CARBON MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: REST OF ASIA-PACIFIC ACTIVATED CARBON MARKET, 2023-2032 (IN $ MILLION)

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