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Asia-Pacific Activated Carbon Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Granular, Powdered, Pelletized, and Others) and Application (Water Treatment, Food and Beverages, Pharmaceuticals, Automotive, and Others)
- Code: TIP00073390
- The Insight Partners
- Feb-2022
- Chemicals and Materials
- 118 Pages
- Published
Activated carbon is an adsorptive material used majorly in water treatment, air & gas purification, and automotive applications. The material is highly versatile and can be customized as per specific application requirements by changing porosity and particle size. Thus, the growing investments in the research and development activities in the activated carbon market to expand their application range are driving their demand in various industries in Asia-Pacific.
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. Activated carbon has been in use as a water filtration material for many years. Due to its high adsorption capacity resulting from its porosity and large surface area, it is widely used for the removal of contaminants in water. Water is a huge part of the manufacturing sector, and the water used in this sector gets contaminated and requires treatment before releasing back into the environment. Many countries have strict regulations regarding water treatment and release of contaminated water. Surging industrialization in the developing economies of Asia-Pacific has led to the proliferation of the activated carbon market in the region.
By country, the Asia-Pacific activated carbon market is segmented into Australia, China, India, Japan, South Korea, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and New Zealand. In 2020, China held the largest share of the market in this region. China has reinforced its efforts to prevent and reduce mercury pollution through a number of guidelines, laws, and other measures. The Ministry of Environmental Protection of the People's Republic of China (MEP) revised and developed standards, Best Available Technology (BAT) guidelines, and technical policies associated with the prevention of heavy metal pollution, specifically mercury emission. The increased regulations on mercury emissions in China is one of the prime factors contributing to the country's dominance in the activated carbon market in Asia-Pacific.
A few players operating in the Asia-Pacific 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. The market players are developing high-quality and innovative products to fulfill the customer's requirements.
The size of the Asia-Pacific activated carbon market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers and external consultants-including valuation experts, research analysts, and key opinion leaders-specializing in the Asia-Pacific activated carbon market.
TABLE OF CONTENTS
1. Introduction 181.1 Study Scope 18
1.2 Research Report Guidance 19
1.3 Market Segmentation 20
2. Key Takeaways 23
3. Research Methodology 27
3.1 Scope of the Study 27
3.2 Research Methodology 27
3.2.1 Data Collection 29
3.2.2 Primary Interviews 29
3.2.3 Hypothesis Formulation 30
3.2.4 Macro-economic Factor Analysis 30
3.2.5 Developing Base Number 30
3.2.6 Data Triangulation 30
3.2.7 Country Level Data 31
4. Asia-Pacific Activated Carbon Market Landscape 32
4.1 Market Overview 32
4.2 Porter's Five Forces Analysis 33
4.2.1 Bargaining Power of Suppliers 34
4.2.2 Bargaining Power of Buyers 34
4.2.3 Threat of New Entrants 34
4.2.4 Competitive Rivalry 35
4.2.5 Threat of Substitutes 35
4.3 Expert Opinion 36
4.4 Ecosystem Analysis 37
4.4.1 Raw Material 38
4.4.2 Manufacturing/Post-Processing 38
4.4.3 End-User Industries 39
5. Activated Carbon Market - Key Market Dynamics 40
5.1 Market Drivers 40
5.1.1 Growing Demand for Wastewater Treatment 40
5.1.2 Increasing Regulations on Mercury Emissions 41
5.2 Market Restraints 42
5.2.1 Price Fluctuation of Raw Materials 42
5.3 Market Opportunities 42
5.3.1 Activated Carbon Usage in Acoustic Applications 42
5.4 Future Trends 43
5.4.1 Inexpensive Alternatives to Commercial Activated Carbon 43
5.5 Impact Analysis of Drivers and Restraints 44
6. Activated Carbon - Asia-Pacific Market Analysis 45
6.1 Activated Carbon Market Overview 45
6.2 Asia-Pacific Activated Carbon Market -Revenue and Forecast to 2028 47
6.3 Competitive Positioning - Key Market Players 48
7. Activated Carbon Market Analysis - By Type 50
7.1 Overview 50
7.2 Activated Carbon Market, By Type (2020 and 2028) 50
7.3 Powdered 51
7.3.1 Overview 51
7.3.2 Powdered: Activated Carbon Market - Revenue and Forecast to 2028 (US$ Mn) 51
7.4 Granular 53
7.4.1 Overview 53
7.4.2 Granular: Activated Carbon Market - Revenue and Forecast to 2028 (US$ Mn) 53
7.5 Pelletized and Others 55
7.5.1 Overview 55
7.5.2 Pelletized and Others: Activated Carbon Market - Revenue and Forecast to 2028 (US$ Mn) 55
8. Activated Carbon Market Analysis - By Application 57
8.1 Overview 57
8.2 Activated Carbon Market, By Application (2020 and 2028) 57
8.3 Water Treatment 58
8.3.1 Overview 58
8.3.2 Water Treatment: Activated Carbon Market - Revenue and Forecast to 2028 (US$ Mn) 58
8.4 Food and Beverages 60
8.4.1 Overview 60
8.4.2 Food and Beverages: Activated Carbon Market - Revenue and Forecast to 2028 (US$ Mn) 60
8.5 Pharmaceuticals 62
8.5.1 Overview 62
8.5.2 Pharmaceuticals: Activated Carbon Market - Revenue and Forecast to 2028 (US$ Mn) 62
8.6 Automotive 64
8.6.1 Overview 64
8.6.2 Automotive: Activated Carbon Market - Revenue and Forecast to 2028 (US$ Mn) 64
8.7 Others 66
8.7.1 Overview 66
8.7.2 Others: Activated Carbon Market - Revenue and Forecast to 2028 (US$ Mn) 66
9. Activated Carbon Market Analysis - By Application 68
9.1 Asia Pacific: Activated Carbon Market 68
9.1.1 Asia Pacific: Activated Carbon Market - Analysis and Forecast to 2028 (US$ Million) 69
9.1.2 Asia Pacific: Activated Carbon Market, by Type 70
9.1.3 Asia Pacific: Activated Carbon Market, by Application 71
9.1.4 Asia Pacific: Activated Carbon Market, by Key Country 73
9.1.4.1 Australia: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 74
9.1.4.1.1 Australia: Activated Carbon Market, by Type 75
9.1.4.1.2 Australia: Activated Carbon Market, by Application 75
9.1.4.2 China: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 77
9.1.4.2.1 China: Activated Carbon Market, by Type 78
9.1.4.2.2 China: Activated Carbon Market, by Application 78
9.1.4.3 India: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 79
9.1.4.3.1 India: Activated Carbon Market, by Type 80
9.1.4.3.2 India: Activated Carbon Market, by Application 80
9.1.4.4 Japan: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 82
9.1.4.4.1 Japan: Activated Carbon Market, by Type 83
9.1.4.4.2 Japan: Activated Carbon Market, by Application 83
9.1.4.5 South Korea: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 85
9.1.4.5.1 South Korea: Activated Carbon Market, by Type 86
9.1.4.5.2 South Korea: Activated Carbon Market, by Application 86
9.1.4.6 New Zealand: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 87
9.1.4.6.1 New Zealand: Activated Carbon Market, by Type 88
9.1.4.6.2 New Zealand: Activated Carbon Market, by Application 88
9.1.4.7 Thailand: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 89
9.1.4.7.1 Thailand: Activated Carbon Market, by Type 90
9.1.4.7.2 Thailand: Activated Carbon Market, by Application 90
9.1.4.8 Malaysia: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 91
9.1.4.8.1 Malaysia: Activated Carbon Market, by Type 92
9.1.4.8.2 Malaysia: Activated Carbon Market, by Application 92
9.1.4.9 Vietnam: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 93
9.1.4.9.1 Vietnam: Activated Carbon Market, by Type 94
9.1.4.9.2 Vietnam: Activated Carbon Market, by Application 94
9.1.4.10 Indonesia: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 95
9.1.4.10.1 Indonesia: Activated Carbon Market, by Type 96
9.1.4.10.2 Indonesia: Activated Carbon Market, by Application 96
9.1.4.11 Philippines: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 97
9.1.4.11.1 Philippines: Activated Carbon Market, by Type 98
9.1.4.11.2 Philippines: Activated Carbon Market, by Application 99
9.1.4.12 Rest of Asia Pacific: Activated Carbon Market -Analysis and Forecast to 2028 (US$ Million) 100
9.1.4.12.1 Rest of Asia Pacific: Activated Carbon Market, by Type 101
9.1.4.12.2 Rest of Asia Pacific: Activated Carbon Market, by Application 101
10. Impact of COVID-19 Pandemic on Asia Pacific Activated Carbon Market 103
10.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic 103
11. Company Profiles 105
11.1 Osaka Gas Chemical Co. Ltd 105
11.1.1 Key Facts 105
11.1.2 Business Description 105
11.1.3 Products and Services 106
11.1.4 Financial Overview 107
11.1.5 SWOT Analysis 108
11.1.6 Key Developments 109
11.2 KURARAY CO., LTD. 110
11.2.1 Key Facts 110
11.2.2 Business Description 110
11.2.3 Products and Services 111
11.2.4 Financial Overview 112
11.2.5 SWOT Analysis 113
11.2.6 Key Developments 113
11.3 HAYCARB (PVT) LTD. 114
11.3.1 Key Facts 114
11.3.2 Business Description 114
11.3.3 Products and Services 115
11.3.4 Financial Overview 116
11.3.5 SWOT Analysis 117
11.3.6 Key Developments 118
11.4 KUREHA CORPORATION 119
11.4.1 Key Facts 119
11.4.2 Business Description 119
11.4.3 Products and Services 119
11.4.4 Financial Overview 120
11.4.5 SWOT Analysis 122
11.4.6 Key Developments 123
11.5 CABOT CORPORATION 124
11.5.1 Key Facts 124
11.5.2 Business Description 124
11.5.3 Products and Services 125
11.5.4 Financial Overview 125
11.5.5 SWOT Analysis 127
11.5.6 Key Developments 128
11.6 Activated Carbon Technologies Pty Ltd 129
11.6.1 Key Facts 129
11.6.2 Business Description 129
11.6.3 Products and Services 130
11.6.4 Financial Overview 131
11.6.5 SWOT Analysis 131
11.6.6 Key Developments 132
11.7 Albemarle Corporation 133
11.7.1 Key Facts 133
11.7.2 Business Description 133
11.7.3 Products and Services 134
11.7.4 Financial Overview 134
11.7.5 SWOT Analysis 136
11.7.6 Key Developments 137
11.8 CPL ACTIVATED CARBONS 138
11.8.1 Key Facts 138
11.8.2 Business Description 138
11.8.3 Products and Services 139
11.8.4 Financial Overview 139
11.8.5 SWOT Analysis 140
11.8.6 Key Developments 141
11.9 JACOBI CARBONS GROUP 142
11.9.1 Key Facts 142
11.9.2 Business Description 142
11.9.3 Products and Services 143
11.9.4 Financial Overview 143
11.9.5 SWOT Analysis 144
11.9.6 Key Developments 145
11.10 CALGON CARBON CORPORATION 146
11.10.1 Key Facts 146
11.10.2 Business Description 146
11.10.3 Products and Services 146
11.10.4 Financial Overview 147
11.10.5 SWOT Analysis 148
11.10.6 Key Developments 149
11.11 James Cumming and Sons Pty Ltd 150
11.11.1 Key Facts 150
11.11.2 Business Description 150
11.11.3 Products and Services 150
11.11.4 Financial Overview 151
11.11.5 SWOT Analysis 151
11.11.6 Key Developments 153
12. Appendix 154
12.1 About 154
12.2 Glossary of Terms 155
LIST OF TABLES
Table 1. Asia-Pacific Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 48Table 2. Asia Pacific Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 70
Table 3. Asia Pacific Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 72
Table 4. Australia Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 75
Table 5. Australia Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 75
Table 6. China Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 78
Table 7. China Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 78
Table 8. India Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 80
Table 9. India Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 80
Table 10. Japan Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 83
Table 11. Japan Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 83
Table 12. South Korea Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 86
Table 13. South Korea Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 86
Table 14. New Zealand Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 88
Table 15. New Zealand Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 88
Table 16. Thailand Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 90
Table 17. Thailand Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 90
Table 18. Malaysia Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 92
Table 19. Malaysia Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 92
Table 20. Vietnam Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 94
Table 21. Vietnam Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 94
Table 22. Indonesia Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 96
Table 23. Indonesia Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 96
Table 24. Philippines Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 98
Table 25. Philippines Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 99
Table 26. Rest of Asia Pacific Activated Carbon Market, by Type - Revenue and Forecast to 2028 (US$ Million) 101
Table 27. Rest of Asia Pacific Activated Carbon Market, by Application - Revenue and Forecast to 2028 (US$ Million) 101
Table 28. Glossary of Terms, Asia Pacific Activated Carbon Market 155
LIST OF FIGURES
Figure 1. Asia-Pacific Activated Carbon Market Segmentation 20Figure 2. Activated Carbon Market Segmentation - By Geography 21
Figure 3. Asia-Pacific Activated Carbon Market Overview 23
Figure 4. Asia-Pacific Activated Carbon Market, By Application 24
Figure 5. Asia-Pacific Activated Carbon Market, By Geography 25
Figure 6. Asia-Pacific Activated Carbon Market, Industry Landscape 26
Figure 7. Porter's Five Forces Analysis 33
Figure 8. Expert Opinion 36
Figure 9. Ecosystem Chain: Activated Carbon 37
Figure 10. Activated Carbon Market Impact Analysis of Drivers and Restraints 44
Figure 11. Geographic Overview of Asia-Pacific Activated Carbon Market 46
Figure 12. Asia-Pacific: Activated Carbon Market - Revenue and Forecast to 2028 (US$ Million) 47
Figure 13. Activated Carbon Market Revenue Share, By Type (2020 and 2028) 50
Figure 14. Powdered: Activated Carbon Market - Revenue and Forecast To 2028 (US$ Mn) 52
Figure 15. Granular: Activated Carbon Market - Revenue and Forecast To 2028 (US$ Mn) 54
Figure 16. Pelletized and Others: Activated Carbon Market - Revenue and Forecast To 2028 (US$ Mn) 56
Figure 17. Activated Carbon Market Revenue Share, By Application (2020 and 2028) 57
Figure 18. Water Treatment: Activated Carbon Market - Revenue and Forecast To 2028 (US$ Mn) 59
Figure 19. Food and Beverages: Activated Carbon Market - Revenue and Forecast To 2028 (US$ Mn) 61
Figure 20. Pharmaceuticals: Activated Carbon Market - Revenue and Forecast To 2028 (US$ Mn) 63
Figure 21. Automotive: Activated Carbon Market - Revenue and Forecast To 2028 (US$ Mn) 65
Figure 22. Others: Activated Carbon Market - Revenue and Forecast To 2028 (US$ Mn) 67
Figure 23. Asia Pacific: Activated Carbon Market - Revenue and Forecast to 2028 (US$ Million) 69
Figure 24. Asia Pacific: Activated Carbon Market Revenue Share, by Type (2020 and 2028) 70
Figure 25. Asia Pacific: Activated Carbon Market Revenue Share, by Application (2020 and 2028) 71
Figure 26. Asia Pacific: Activated Carbon Market Revenue Share, by Key Country (2020 and 2028) 73
Figure 27. Australia: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 74
Figure 28. China: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 77
Figure 29. India: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 79
Figure 30. Japan: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 82
Figure 31. South Korea: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 85
Figure 32. New Zealand: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 87
Figure 33. Thailand: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 89
Figure 34. Malaysia: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 91
Figure 35. Vietnam: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 93
Figure 36. Indonesia: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 95
Figure 37. Philippines: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 97
Figure 38. Rest of Asia Pacific: Activated Carbon Market -Revenue and Forecast to 2028 (US$ Million) 100
Figure 39. Impact of COVID-19 Pandemic on Activated Carbon Market in Asia-Pacific 104
The List of Companies - Asia-Pacific Activated Carbon Market
1. Osaka Gas Chemical Co Ltd
2. KURARAY CO., LTD.
3. HAYCARB (PVT) LTD.
4. CABOT CORPORATION
5. KUREHA CORPORATION
6. Activated Carbon Technologies Pty Ltd
7. ALBEMARLE CORPORATION
8. CPL ACTIVATED CARBONS
9. JACOBI CARBONS GROUP
10. CALGON CARBON CORPORATION
11. James Cumming and Sons Pty Ltd
1. Osaka Gas Chemical Co Ltd
2. KURARAY CO., LTD.
3. HAYCARB (PVT) LTD.
4. CABOT CORPORATION
5. KUREHA CORPORATION
6. Activated Carbon Technologies Pty Ltd
7. ALBEMARLE CORPORATION
8. CPL ACTIVATED CARBONS
9. JACOBI CARBONS GROUP
10. CALGON CARBON CORPORATION
11. James Cumming and Sons Pty Ltd