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CHINA ACTIVATED CARBON MARKET FORECAST 2023-2030

SCOPE OF THE REPORT

China Activated Carbon Market by Product Type (Powdered Activated Carbon, Granulated Activated Carbon, Other Product Types) Market by Raw Material (Coal, Coconut Shell, Wood, Other Raw Materials) Market by End-user (Water Treatment, Food & Beverage, Pharmaceutical and Medical, Automotive, Air Purification, Other End-users)


MARKET OVERVIEW

The China activated carbon market is forecasted to grow at a CAGR of 7.93% in terms of revenue and xx% in terms of volume during the forecast years of 2023-2030

The market growth of the country is propelled by key drivers, such as the increasing demand for scrubbing and mining operations, the increase in government activities, as well as the stringent regulations associated with vehicular emissions. 

Activated carbon is widely used in China across various sectors such as healthcare, food & beverage, and automotive. Moreover, industrial processing is also among the most significant end-users for activated carbon, owing to the surging demand for mining and scrubbing operations in the country. Since such applications are projected to increase further over the upcoming years, predominantly on account of government activities in China, the demand for activated carbon in the country is set to rise, as well. 

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On the other hand, the Ministry of Environmental Protection (MEP) of the People’s Republic of China issued the final rule of the Stage 6 Limits and Measurement Methods for Emissions from Light-Duty Vehicles. This standard is applicable for light-duty vehicles primarily fueled by diesel or gasoline, intending to reduce sulfur, nitrogen, and carbon oxides. Additionally, the increasing government regulations, as well as the rising freshwater prices, are also bolstering the demand for activated carbon in the country. Hence, the aforementioned factors are set to play a pivotal role in augmenting the China activated carbon market growth during the estimated years.

The China activated carbon market is segmented into product type, raw material, and end-user. The end-user segment includes water treatment, pharmaceutical and medical, automotive, air purification, food & beverage, and other end-users. Activated carbon is utilized in the food & beverage industry for various applications in order to eliminate impurities from sweeteners, glycerin, beverages, and organic acids. In this regard, activated carbon products are used to decolorize cane as well as beet sugar syrups, fructose, and dextrose. Also, it is used for the removal of ozone and chlorine in soft drinks, beer, and other beverage manufacturing operations.

Furthermore, some of the other applications of activated carbon include the decolorization of textile wastewater, the adsorption of excessive toxins formed due to over-spraying pesticides or herbicides, and the removal of impurities and contaminants in filters for cigarettes.

Some of the major companies operating in the China activated carbon market are Kureha Corporation, Zhulin Carbon Company, Kuraray Co Ltd, etc.

Kureha Corporation, headquartered in Japan, is engaged in the manufacture and sale of functional materials, plastics, and specialty chemicals. It operates through five business segments, namely, construction, advanced materials, specialty plastics, specialty chemicals, and other operations. The company’s main products include polyvinylidene fluoride (PVDF) resins, polyphenylene sulfide (PPS) resins, bead-shaped activated carbon, agricultural & horticultural fungicides, as well as carbon fiber. Kureha Corporation operates in Asia, Europe, and the United States.

Kureha’s Bead-Shaped Activated Carbon (BAC) is a highly spherical activated carbon produced from petroleum pitch. Developed through the company’s original technologies, the BAC’s excellent flowability, as well as strength, facilitates wide-ranging uses, such as gas adsorption, water purification, and air deodorizing.

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2030
Base Year2022
Market Historical Years2018-2022
Forecast UnitsRevenue ($ Million), Volume (Kilotons)
Segments Analyzed
Product Type, Raw Material, End-User
Countries AnalyzedChina
Companies AnalyzedBASF SE, Cabot Corporation, Kuraray Co Ltd, Kureha Corporation, Zhulin Carbon Company

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. KEY GROWTH ENABLERS
    5. KEY CHALLENGES 
  3. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON ACTIVATED CARBON MARKET
    2. KEY MARKET TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. PESTLE ANALYSIS – CHINA
    6. KEY BUYING CRITERIA
    7. REGULATORY FRAMEWORK
  4. MARKET BY PRODUCT TYPE (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOTONS)
    1. POWDERED ACTIVATED CARBON (PAC)
    2. GRANULATED ACTIVATED CARBON (GAC)
    3. OTHER PRODUCT TYPES
  5. MARKET BY RAW MATERIAL (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOTONS)
    1. COAL
    2. COCONUT SHELL
    3. WOOD
    4. OTHER RAW MATERIALS
  6. MARKET BY END-USER (IN TERMS OF REVENUE: $ MILLION & IN TERMS OF VOLUME: KILOTONS)
    1. WATER TREATMENT
    2. FOOD & BEVERAGE
    3. PHARMACEUTICAL AND MEDICAL
    4. AUTOMOTIVE
    5. AIR PURIFICATION
    6. OTHER END-USERS
  7. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
      4. BUSINESS EXPANSIONS & DIVESTITURES
    2. COMPANY PROFILES
      1. BASF SE
      2. CABOT CORPORATION
      3. KURARAY CO LTD
      4. KUREHA CORPORATION
      5. ZHULIN CARBON COMPANY

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – ACTIVATED CARBON

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: CHINA ACTIVATED CARBON MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 4: CHINA ACTIVATED CARBON MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 5: CHINA ACTIVATED CARBON MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)

TABLE 6: CHINA ACTIVATED CARBON MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2023-2030 (IN KILOTONS)

TABLE 7: CHINA ACTIVATED CARBON MARKET, BY RAW MATERIAL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 8: CHINA ACTIVATED CARBON MARKET, BY RAW MATERIAL, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 9: CHINA ACTIVATED CARBON MARKET, BY RAW MATERIAL, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)

TABLE 10: CHINA ACTIVATED CARBON MARKET, BY RAW MATERIAL, FORECAST YEARS, 2023-2030 (IN KILOTONS)

TABLE 11: CHINA ACTIVATED CARBON MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 12: CHINA ACTIVATED CARBON MARKET, BY END-USER, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 13: CHINA ACTIVATED CARBON MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN KILOTONS)

TABLE 14: CHINA ACTIVATED CARBON MARKET, BY END-USER, FORECAST YEARS, 2023-2030 (IN KILOTONS)

LIST OF FIGURES 

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: KEY BUYING CRITERIA

FIGURE 5: CHINA ACTIVATED CARBON MARKET, GROWTH POTENTIAL BY PRODUCT TYPE, IN 2022

FIGURE 6: CHINA ACTIVATED CARBON MARKET, BY POWDERED ACTIVATED CARBON (PAC), 2023-2030 (IN $ MILLION)

FIGURE 7: CHINA ACTIVATED CARBON MARKET, BY GRANULATED ACTIVATED CARBON (GAC), 2023-2030 (IN $ MILLION)

FIGURE 8: CHINA ACTIVATED CARBON MARKET, BY OTHER PRODUCT TYPES, 2023-2030 (IN $ MILLION)

FIGURE 9: CHINA ACTIVATED CARBON MARKET, GROWTH POTENTIAL BY RAW MATERIAL, IN 2022 

FIGURE 10: CHINA ACTIVATED CARBON MARKET, BY COAL, 2023-2030 (IN $ MILLION)

FIGURE 11: CHINA ACTIVATED CARBON MARKET, BY COCONUT SHELL, 2023-2030 (IN $ MILLION)

FIGURE 12: CHINA ACTIVATED CARBON MARKET, BY WOOD, 2023-2030 (IN $ MILLION)

FIGURE 13: CHINA ACTIVATED CARBON MARKET, BY OTHER RAW MATERIALS, 2023-2030 (IN $ MILLION)

FIGURE 14: CHINA ACTIVATED CARBON MARKET, GROWTH POTENTIAL BY END-USER, IN 2022 

FIGURE 15: CHINA ACTIVATED CARBON MARKET, BY WATER TREATMENT, 2023-2030 (IN $ MILLION)

FIGURE 16: CHINA ACTIVATED CARBON MARKET, BY FOOD & BEVERAGE, 2023-2030 (IN $ MILLION)

FIGURE 17: CHINA ACTIVATED CARBON MARKET, BY PHARMACEUTICAL AND MEDICAL, 2023-2030 (IN $ MILLION)

FIGURE 18: CHINA ACTIVATED CARBON MARKET, BY AUTOMOTIVE, 2023-2030 (IN $ MILLION)

FIGURE 19: CHINA ACTIVATED CARBON MARKET, BY AIR PURIFICATION, 2023-2030 (IN $ MILLION)

FIGURE 20: CHINA ACTIVATED CARBON MARKET, BY OTHER END-USERS, 2023-2030 (IN $ MILLION)

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