Wood Activated Carbon Market $10.26 Billion By 2032, CAGR 8.4%

Wood Activated Carbon Market Size Worth $10.26 Billion By 2032 | CAGR: 8.4%


The global wood activated carbon market size is expected to reach USD 10.26 billion by 2032, according to a new study by Polaris Market Research. The report “Wood Activated Carbon Market Share, Size, Trends, Industry Analysis Report, By Type (Granular, Powdered, Others); By Application (Gas Phase, Liquid Phase); By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Wood activated carbon is a versatile and eco-friendly material that has gained increasing attention in various industries due to its exceptional adsorption properties. It is derived from wood, typically from sources like coconut shells, sawdust, or wood chips, through a carbonization process. This environmentally sustainable product finds applications in water treatment, air purification, gas adsorption, and many other fields.

Rising apprehensions surrounding air pollution and volatile organic compounds (VOCs) have resulted in an escalating requirement for wood activated carbon within air purification systems. This substantial demand has played a pivotal role in facilitating both indoor and outdoor air quality. Wood activated carbon is currently under exploration for emerging applications, including its incorporation in supercapacitors, as catalyst supports, and in the pharmaceutical sector. These innovative applications are broadening the market's scope and enriching its range of uses.

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Moreover, wood-based activated carbon is considered more sustainable than other sources like coal or petroleum-based carbon. This sustainable characteristic appeals to environmentally conscious consumers and companies. Also, wood activated carbon's versatility, from industrial purification to pharmaceuticals and energy storage, provides diverse revenue streams and growth opportunities for manufacturers and suppliers.

The increasing global population stands as a pivotal driver behind the expansion of various industries and heightened agricultural endeavors. These activities necessitate the availability of clean and potable water, consequently leading to an escalating demand for water treatment solutions. To meet the surging water demand and maintain groundwater levels, water treatment facilities play a crucial role, thus propelling the growth of the Wood Activated Carbon Market in the foreseeable future. This growth is attributed to the widespread utilization of wood activated carbon for purposes such as filtration, the removal of organic compounds, purification, odor and taste control. Its efficacy in these applications is attributed to its high porosity, capabilities in gas and liquid phase adsorption, and other exceptional features.

Wood Activated Carbon Market Report Highlights

  • The granular segment is expected to grow at the highest CAGR during the projected period on account of growing environmental concerns and stringent regulations
  • The gas phase segment accounted for the largest market share in 2022, which is mainly driven by high absorption capacity and higher performance
  • The water treatment segment held a significant market revenue share in 2022, mainly due to the growing population, industrialization
  • Asia Pacific region dominated the market with majority share in 2022, owing to economic development, rising environmental consciousness, and the increasing industrialization
  • The global key market players include Boyce Carbon, Calgon Carbon Corporation (a Kuraray Company), Cabot Norit Activated Carbon, CarbUSA, CarboTech AC GmbH, and Osaka Gas Chemicals Co., Ltd.

Polaris Market Research has segmented the wood activated carbon market report based on type, application, end-user, and region:

Wood Activated Carbon, Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Granular
  • Powdered
  • Others 

Wood Activated Carbon, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Gas Phase
  • Liquid Phase

Wood Activated Carbon, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

  • Automotive & Transportation
  • Water Treatment
  • Food & Beverage
  • Healthcare
  • Air Purification
  • Others

Wood Activated Carbon, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Wood Activated Carbon Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 5.37 billion

Revenue forecast in 2032

USD 10.26 billion

CAGR

8.4% from 2024 – 2032

Base year

2022

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Type, By Application, By End-User, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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