Asia-Pacific Activated Carbon Market Forecast to 2028 - COVID-19 Impact and Analysis by Type (Granular, Powdered, Pelletized, and Others) and Application (Water Treatment, Food and Beverages, Pharmaceuticals, Automotive, and Others)
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
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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
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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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Asia-Pacific Activated Carbon Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
4.4.1 Raw Material
4.4.2 Manufacturing/Post-Processing
4.4.3 End-User Industries
5. Activated Carbon Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Wastewater Treatment
5.1.2 Increasing Regulations on Mercury Emissions
5.2 Market Restraints
5.2.1 Price Fluctuation of Raw Materials
5.3 Market Opportunities
5.3.1 Activated Carbon Usage in Acoustic Applications
5.4 Future Trends
5.4.1 Inexpensive Alternatives to Commercial Activated Carbon
5.5 Impact Analysis of Drivers and Restraints
6. Activated Carbon – Asia-Pacific Market Analysis
6.1 Activated Carbon Market Overview
6.2 Asia-Pacific Activated Carbon Market –Revenue and Forecast to 2028
6.3 Competitive Positioning – Key Market Players
7. Activated Carbon Market Analysis – By Type
7.1 Overview
7.2 Activated Carbon Market, By Type (2020 and 2028)
7.3 Powdered
7.3.1 Overview
7.3.2 Powdered: Activated Carbon Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Granular
7.4.1 Overview
7.4.2 Granular: Activated Carbon Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Pelletized and Others
7.5.1 Overview
7.5.2 Pelletized and Others: Activated Carbon Market – Revenue and Forecast to 2028 (US$ Mn)
8. Activated Carbon Market Analysis – By Application
8.1 Overview
8.2 Activated Carbon Market, By Application (2020 and 2028)
8.3 Water Treatment
8.3.1 Overview
8.3.2 Water Treatment: Activated Carbon Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Food and Beverages
8.4.1 Overview
8.4.2 Food and Beverages: Activated Carbon Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Pharmaceuticals
8.5.1 Overview
8.5.2 Pharmaceuticals: Activated Carbon Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Automotive
8.6.1 Overview
8.6.2 Automotive: Activated Carbon Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Others: Activated Carbon Market – Revenue and Forecast to 2028 (US$ Mn)
9. Activated Carbon Market Analysis – By Application
9.1 Asia Pacific: Activated Carbon Market
9.1.1 Asia Pacific: Activated Carbon Market – Analysis and Forecast to 2028 (US$ Million)
9.1.2 Asia Pacific: Activated Carbon Market, by Type
9.1.3 Asia Pacific: Activated Carbon Market, by Application
9.1.4 Asia Pacific: Activated Carbon Market, by Key Country
9.1.4.1 Australia: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.1.1 Australia: Activated Carbon Market, by Type
9.1.4.1.2 Australia: Activated Carbon Market, by Application
9.1.4.2 China: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.2.1 China: Activated Carbon Market, by Type
9.1.4.2.2 China: Activated Carbon Market, by Application
9.1.4.3 India: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.3.1 India: Activated Carbon Market, by Type
9.1.4.3.2 India: Activated Carbon Market, by Application
9.1.4.4 Japan: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.4.1 Japan: Activated Carbon Market, by Type
9.1.4.4.2 Japan: Activated Carbon Market, by Application
9.1.4.5 South Korea: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.5.1 South Korea: Activated Carbon Market, by Type
9.1.4.5.2 South Korea: Activated Carbon Market, by Application
9.1.4.6 New Zealand: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.6.1 New Zealand: Activated Carbon Market, by Type
9.1.4.6.2 New Zealand: Activated Carbon Market, by Application
9.1.4.7 Thailand: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.7.1 Thailand: Activated Carbon Market, by Type
9.1.4.7.2 Thailand: Activated Carbon Market, by Application
9.1.4.8 Malaysia: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.8.1 Malaysia: Activated Carbon Market, by Type
9.1.4.8.2 Malaysia: Activated Carbon Market, by Application
9.1.4.9 Vietnam: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.9.1 Vietnam: Activated Carbon Market, by Type
9.1.4.9.2 Vietnam: Activated Carbon Market, by Application
9.1.4.10 Indonesia: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.10.1 Indonesia: Activated Carbon Market, by Type
9.1.4.10.2 Indonesia: Activated Carbon Market, by Application
9.1.4.11 Philippines: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.11.1 Philippines: Activated Carbon Market, by Type
9.1.4.11.2 Philippines: Activated Carbon Market, by Application
9.1.4.12 Rest of Asia Pacific: Activated Carbon Market –Analysis and Forecast to 2028 (US$ Million)
9.1.4.12.1 Rest of Asia Pacific: Activated Carbon Market, by Type
9.1.4.12.2 Rest of Asia Pacific: Activated Carbon Market, by Application
10. Impact of COVID-19 Pandemic on Asia Pacific Activated Carbon Market
10.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Osaka Gas Chemical Co. Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 KURARAY CO., LTD.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 HAYCARB (PVT) LTD.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 KUREHA CORPORATION
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 CABOT CORPORATION
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Activated Carbon Technologies Pty Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Albemarle Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 CPL ACTIVATED CARBONS
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 JACOBI CARBONS GROUP
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 CALGON CARBON CORPORATION
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
11.11 James Cumming and Sons Pty Ltd
11.11.1 Key Facts
11.11.2 Business Description
11.11.3 Products and Services
11.11.4 Financial Overview
11.11.5 SWOT Analysis
11.11.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia-Pacific Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Asia Pacific Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Asia Pacific Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. China Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. China Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. India Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. India Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Japan Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. South Korea Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 14. New Zealand Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. New Zealand Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Thailand Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Thailand Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. Malaysia Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Malaysia Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. Vietnam Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Vietnam Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 22. Indonesia Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Indonesia Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 24. Philippines Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Philippines Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Asia Pacific Activated Carbon Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Asia Pacific Activated Carbon Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 28. Glossary of Terms, Asia Pacific Activated Carbon Market
LIST OF FIGURES
Figure 1. Asia-Pacific Activated Carbon Market Segmentation
Figure 2. Activated Carbon Market Segmentation – By Geography
Figure 3. Asia-Pacific Activated Carbon Market Overview
Figure 4. Asia-Pacific Activated Carbon Market, By Application
Figure 5. Asia-Pacific Activated Carbon Market, By Geography
Figure 6. Asia-Pacific Activated Carbon Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Ecosystem Chain: Activated Carbon
Figure 10. Activated Carbon Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Asia-Pacific Activated Carbon Market
Figure 12. Asia-Pacific: Activated Carbon Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Activated Carbon Market Revenue Share, By Type (2020 and 2028)
Figure 14. Powdered: Activated Carbon Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Granular: Activated Carbon Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Pelletized and Others: Activated Carbon Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Activated Carbon Market Revenue Share, By Application (2020 and 2028)
Figure 18. Water Treatment: Activated Carbon Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Food and Beverages: Activated Carbon Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Pharmaceuticals: Activated Carbon Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Automotive: Activated Carbon Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Others: Activated Carbon Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 23. Asia Pacific: Activated Carbon Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Asia Pacific: Activated Carbon Market Revenue Share, by Type (2020 and 2028)
Figure 25. Asia Pacific: Activated Carbon Market Revenue Share, by Application (2020 and 2028)
Figure 26. Asia Pacific: Activated Carbon Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. Australia: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. China: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. India: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Japan: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. South Korea: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. New Zealand: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Thailand: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Malaysia: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 35. Vietnam: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 36. Indonesia: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. Philippines: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of Asia Pacific: Activated Carbon Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Impact of COVID-19 Pandemic on Activated Carbon Market in Asia-Pacific
- 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
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Asia-Pacific activated carbon market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.