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 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.
Reasons to Buy
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.
Reasons to Buy
- 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.
Table of Contents
1. Introduction1.1 Study Scope
1.2 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 Publisher
12.2 Glossary of TermsList of Tables
Table 1. Asia-Pacific Activated Carbon Market - Revenue and Forecast to 2028 (US$ Million) 48
Table 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 155List of Figures
Figure 1. Asia-Pacific Activated Carbon Market Segmentation 20
Figure 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
Companies Mentioned
- 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 Ltd
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 118 |
| Published | February 2022 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 2192.1 million |
| Forecasted Market Value ( USD | $ 4307.9 million |
| Compound Annual Growth Rate | 10.1% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 11 |
