Wood Activated Carbon Market growth outlookm

Snehal
Snehal 11/22/2019 4:35:13 AM

Wood Activated
Carbon Market growth outlook with industry review and forecast 2019-2024


High growth in the water treatment industry will be a major
growth enabler for
wood activated carbon market owing to the products extensive usage for
water purification purposes. Decreasing levels of ground water coupled with
acute shortage of potable water in many parts of the world has led to rising
demand for water treatment plants.

Increasing government regulations
regarding discharge of industrial waste water into rivers and other water
bodies has also led to rise in the number of water treatment plants across the
world. This rise will fuel wood activated carbon demand in coming years and
will drive the product market development.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/2260

Wood Activated Carbon Market will surpass
USD 500 million by 2024; according to a new research report. The product's
usage in air purification systems will also contribute towards its market
development during the forecast period. Wood activated carbon's ability to trap
small particles, volatile organic compounds, and gases will propel its demand
in air purification systems.

Government regulations regarding air
quality maintenance and stringent norms related to industrial gas emission will
positively influence the industry development. However, increasing
deforestation and the loss of natural habitat for many animal species has
prompted governments in many countries to initiate frameworks and regulations
to reduce destruction of flora. This may hamper the wood activated carbon
market as industry participants will look for substitutes that are environment
friendly.

Powdered wood activated carbon product
segment will occupy more than 60% of the overall market in 2024. This segment
will witness a healthy growth rate during the forecast timeframe owing to its
cost-effective nature and relatively better performance in purification
applications.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/wood-activated-carbon-market

Fluid adsorption is a major application
segment which will hold approximately one-third of the overall industry share
in 2024. Wood activated carbon's ability to adsorb a range of fluids will drive
this segments development till the end of the study period. Purification
application segment will witness high growth till 2024 due to its extensive
usage in food processing industries.

Air treatment, food & beverage,
pharmaceutical, and water treatment are the four key end-user industries in the
wood activated carbon market. Water treatment application segment will register
a revenue exceeding 180 million by 2024 along with healthy gains during the
study period.

Asia Pacific is the largest regional wood
activated carbon market owing to the flourishing manufacturing sector in this
region which will fuel water treatment plant's demand. The region will witness
fast gains during the study period and will hold around one-third of the
overall industry share in 2024.

Make an inquiry for purchasing this report
@
https://www.gminsights.com/inquiry-before-buying/2260

Some of the key wood activated carbon
market participants include Haycarb, Kuraray, Ingevity, Osaka Gas Chemicals
Company, Chemtex Speciality, D&R Corporation, Zhejiang Xingda Activated
Carbon among others.

About Global Market Insights:

Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.

Contact Us:































Contact
Person: Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone:1-302-846-7766

Toll Free: 1-888-689-0688

Email:
sales@gminsights.com       

Web:
https://www.gminsights.com

Snehal
Written by

Snehal

Post a comment