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Wood Activated Carbon Market Size
- Report ID: GMI2260
- Published Date: Jan 2018
- Report Format: PDF
Wood Activated Carbon Market Size
Wood Activated Carbon Market size was estimated over USD 230 million in 2016 and the industry will grow by a CAGR more than 10% up to 2024.
Rising world population is one of the key factors for industrial expansion and increase in agricultural activities. These activities demand clean and portable water for use, resulting in a rising need of water treatment. Water treatment plants are required to maintain the groundwater level and to meet the growing demand for water, hence boosting the wood activated carbon market in coming years. This is due to the extensive product usage for purification, filtration, removal of organic chemicals, odor & taste control driven by high porosity, gas and liquid phase adsorption, and other superior features.
Availability of substitute products along with stringent regulation regarding deforestation are the key restraining factors for market growth by 2024. Significant usage of petroleum pitch, coconut shell, jute sticks, saw dust, lignite, and other organic products for the production of activated carbon will restrict the usage of wood based product in the market.
| Report Attribute | Details |
|---|---|
| Base Year: | 2016 |
| Wood Activated Carbon Market Size in 2016: | 230 Million (USD) |
| Forecast Period: | 2017 to 2024 |
| Forecast Period 2017 to 2024 CAGR: | 10% |
| 2024 Value Projection: | 500 Million (USD) |
| Historical Data for: | 2013 to 2016 |
| No. of Pages: | 280 |
| Tables, Charts & Figures: | 407 |
| Segments covered: | Product, Application, End-user and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Wood Activated Carbon Market Scope
