Asia-Pacific Activated Carbon Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028


No. of Pages: 118    |    Report Code: TIPRE00027425    |    Category: Chemicals and Materials

Asia-Pacific Activated Carbon Market
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The Asia-Pacific activated carbon market is projected to reach US$ 4307.9 million by 2028 from US$ 2192.1 million in 2021; it is expected to grow at a CAGR of 10.1% from 2021 to 2028.

Activated carbon is a highly adsorptive material used primarily in water treatment and gas & air purification applications. The material is highly versatile and useful in numerous applications across multiple industries. Activated carbon is also customized as per the specific application requirements by increasing or decreasing the porosity, subsequently changing the properties of the material. Continuous research and development activities support such wide-range applications of activated carbon, which boosts its overall demand.

In 2020, China held the largest share of the Asia-Pacific activated carbon market. China is a vigorously developing country with large-scale manufacturing and rapid-paced industrialization. The country reports high volumes of activated carbon manufacturing and consumption. The recent efforts of the country toward mitigating pollution and its harmful effects have been benefitting the activated carbon market growth. In 2015, the Chinese government announced Water Pollution Prevention and Control Action Plan to keep a check on the discharge of heavy-polluting sectors in water sources. The large-scale manufacturing results in huge volumes of wastewater, which needs to be treated using activated carbon filtration systems, which is a main factor propelling the consumption of activated carbon in China.

Impact of COVID-19 Pandemic on Asia-Pacific Activated carbon Market

The COVID-19 pandemic has significantly disrupted the manufacturing sector in terms of operational efficiency owing to extended lockdown periods across different regions, restrictions imposed on international trades, shutdown of manufacturing units, prohibitions on travel activities, restrictions on supply chain, and shortage of raw materials. These consequences of the pandemic, coupled with financial instability, have hindered the activated carbon market growth in Asia-Pacific. The reallocation of resources toward healthcare consolidation has led to the lack of funds for the water supply and sanitation sector in many Asia-Pacific countries. However, with the ease of lockdown restrictions and resumption of manufacturing activities in the region, from late 2020, the activated carbon supply and demand activities are recovering at a healthy pace. The innovative applications of activated carbon, such as its use in the manufacturing of activated carbon powdered masks, are further bolstering the demand.

 

Asia-Pacific Activated Carbon Market

Asia-Pacific Activated Carbon Market
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Asia-Pacific Activated Carbon Strategic Insights

Strategic insights for the Asia-Pacific Activated Carbon provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia-Pacific Activated Carbon Report Scope

Report Attribute Details
Market size in 2021 US$ 2192.1 Million
Market Size by 2028 US$ 4307.9 Million
Global CAGR (2021 - 2028) 10.1%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • Granular
  • Powdered
  • Pelletized
By Application
  • Water Treatment
  • Food and Beverages
  • Pharmaceuticals
  • Automotive
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • Lyondellbasell Industries Holdings B.V.
  • Exxon Mobil Corporation
  • SABIC
  • Sumitomo Chemical Co., Ltd
  • Borealis AG
  • Total
  • Trinseo
  • Rialti S.P.A.
  • Axia Plastics
  • FKuR Polymers GmbH
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    Asia-Pacific Activated Carbon Regional Insights

    The geographic scope of the Asia-Pacific Activated Carbon refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Market Insights

    Growing Regulations About Mercury Emissions Drive Asia-Pacific Activated Carbon Market Progress

    Mercury emissions are hazardous to environment and human health. Coal-fired power plants are the major contributors to these emissions. Many countries in Asia-Pacific have set regulations on toxin levels released from these power plants. The Asia-Pacific Mercury Partnership has intensified regulations and policies in developed countries. In developing countries, regulatory or legislative frameworks on mercury are not specifically established; however, mercury management is designed to prevent harmful emissions. Advanced control technologies, including hardware and software, are applied to reduce mercury levels in emissions. Activated carbon is one of the most prominent part of hardware used in these technologies to filter air. For treating mercury vapors in electric power plants and combustion facilities, adsorption technology is used with zeolites or activated carbon. Moreover, impregnated activated carbon has also been developed by the addition of other materials, such as sulfur, to control mercury emissions efficiently. Therefore, the growing stringency of regulations pertaining to mercury emissions is driving the demand for activated carbon in Asia-Pacific countries.

    Type Insights

    Based on type, the Asia-Pacific activated carbon market is segmented into granular, powdered, pelletized, and others. The powdered segment accounted for the largest market share in 2020 and is expected to register the highest CAGR in the market during the forecast period. Powdered activated carbon is beneficial in water treatment applications as its smaller sized particles come in contact with all the water when applied in the form of dilute slurry. The particles can also be removed using basic filtration methods, making them further convenient for use. However, powdered activated carbon has a high risk of dusting during operations; therefore, dust collectors or dusting equipment are ideally used with the product to carry out operations effectively.

    Application Insights

    Based on application, the Asia-Pacific activated carbon market is segmented into water treatment, food and beverages, pharmaceuticals, automotive, and others. The water treatment segment accounted for the largest market share in 2020, and the automotive segment is expected to register the highest CAGR in the market during the forecast period. A greater number of countries are imposing restrictions on vehicle emissions, and the vehicles have to pass strict pollution control tests, which is driving the demand for activated carbon in the automotive sector in Asia-Pacific. Activated filter pads or granular activated carbon materials are also used in cabin air filters in vehicles to reduce odors.

    Asia-Pacific Activated Carbon Market, by Application – 2020 and 2028

    Asia-Pacific Activated Carbon Market, by Application – 2020 and 2028
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    Asia-Pacific Activated Carbon Strategic Insights

    Strategic insights for the Asia-Pacific Activated Carbon provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

    strategic-framework/asia-pacific-activated-carbon-market-strategic-framework.webp
    Get more information on this report

    Asia-Pacific Activated Carbon Report Scope

    Report Attribute Details
    Market size in 2021 US$ 2192.1 Million
    Market Size by 2028 US$ 4307.9 Million
    Global CAGR (2021 - 2028) 10.1%
    Historical Data 2019-2020
    Forecast period 2022-2028
    Segments Covered By Type
    • Granular
    • Powdered
    • Pelletized
    By Application
    • Water Treatment
    • Food and Beverages
    • Pharmaceuticals
    • Automotive
    Regions and Countries Covered Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia-Pacific
    Market leaders and key company profiles
  • Lyondellbasell Industries Holdings B.V.
  • Exxon Mobil Corporation
  • SABIC
  • Sumitomo Chemical Co., Ltd
  • Borealis AG
  • Total
  • Trinseo
  • Rialti S.P.A.
  • Axia Plastics
  • FKuR Polymers GmbH
  • Get more information on this report

    Asia-Pacific Activated Carbon Regional Insights

    The geographic scope of the Asia-Pacific Activated Carbon refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

    geography/asia-pacific-activated-carbon-market-geography.webp
    Get more information on this report

     

    Strategic Insights

    A few players operating in the activated carbon market are Osaka Gas Chemical Co Ltd; KURARAY CO., LTD.; HAYCARB (PVT) LTD.; CABOT CORPORATION; KUREHA CORPORATION; Activated Carbon Technologies Pty Ltd; ALBEMARLE CORPORATION; CPL ACTIVATED CARBONS; JACOBI CARBONS GROUP; CALGON CARBON CORPORATION; and James Cumming and Sons Pty Ltd. These companies provide a wide range of products and have significant presence in developing regions, such as Asia-Pacific. These players are developing high-quality and innovative products to fulfil the customer’s requirements.

    Report Spotlights

    • Progressive industry trends in the Asia-Pacific activated carbon market to help players develop effective long-term strategies
    • Growth strategies adopted by the market players operating in developed and developing markets
    • Quantitative analysis of the Asia-Pacific activated carbon market from 2019 to 2028
    • Estimation of the demand for activated carbon in Asia-Pacific
    • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the chemicals and materials industry
    • Recent developments to understand the competitive market scenario
    • Market trends and outlook, and factors driving and restraining the growth of the Asia-Pacific activated carbon market
    • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
    • Size of the Asia-Pacific activated carbon market size at various nodes
    • Detailed overview and segmentation of the market, and the Asia-Pacific activated carbon industry dynamics
    • Size of the Asia-Pacific activated carbon market in various regions with promising growth opportunities.

    The report includes the segmentation of the Asia-Pacific activated carbon market as follows:

    By type, the Asia-Pacific activated carbon market is segmented into granular, powdered, pelletized, and others. By application, the market is segmented into water treatment, food and beverages, pharmaceuticals, automotive, and others. By country, the Asia-Pacific activated carbon market is broadly segmented into Australia, China, India, Japan, South Korea, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and New Zealand.

    Company Profiles

    • Osaka Gas Chemical Co Ltd
    • KURARAY CO., LTD.
    • HAYCARB (PVT) LTD.
    • CABOT CORPORATION
    • KUREHA CORPORATION
    • Activated Carbon Technologies Pty Ltd
    • ALBEMARLE CORPORATION
    • CPL ACTIVATED CARBONS
    • JACOBI CARBONS GROUP
    • CALGON CARBON CORPORATION
    • James Cumming and Sons Pty Lt

    The List of Companies - Asia-Pacific Activated Carbon Market

    1. Lyondellbasell Industries Holdings B.V.
    2. Exxon Mobil Corporation
    3. SABIC
    4. Sumitomo Chemical Co., Ltd
    5. Borealis AG
    6. Total
    7. Trinseo
    8. Rialti S.P.A.
    9. Axia Plastics
    10. FKuR Polymers GmbH
    Frequently Asked Questions
    How big is the Asia-Pacific Activated Carbon Market?

    The Asia-Pacific Activated Carbon Market is valued at US$ 2192.1 Million in 2021, it is projected to reach US$ 4307.9 Million by 2028.

    What is the CAGR for Asia-Pacific Activated Carbon Market by (2021 - 2028)?

    As per our report Asia-Pacific Activated Carbon Market, the market size is valued at US$ 2192.1 Million in 2021, projecting it to reach US$ 4307.9 Million by 2028. This translates to a CAGR of approximately 10.1% during the forecast period.

    What segments are covered in this report?

    The Asia-Pacific Activated Carbon Market report typically cover these key segments-

    • Type (Granular, Powdered, Pelletized)
    • Application (Water Treatment, Food and Beverages, Pharmaceuticals, Automotive)

    What is the historic period, base year, and forecast period taken for Asia-Pacific Activated Carbon Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia-Pacific Activated Carbon Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Who are the major players in Asia-Pacific Activated Carbon Market?

    The Asia-Pacific Activated Carbon Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • Lyondellbasell Industries Holdings B.V.
  • Exxon Mobil Corporation
  • SABIC
  • Sumitomo Chemical Co., Ltd
  • Borealis AG
  • Total
  • Trinseo
  • Rialti S.P.A.
  • Axia Plastics
  • FKuR Polymers GmbH
  • Who should buy this report?

    The Asia-Pacific Activated Carbon Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia-Pacific Activated Carbon Market value chain can benefit from the information contained in a comprehensive market report.

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