Honeycomb Activated Carbon Market Overview:
The Honeycomb Activated Carbon Market size was valued at USD 83.26 Million in 2021, registering a CAGR of 13.9% during the forecast period (2022-2030), and the market is projected to be worth USD 244.26 Million by 2030.
Honeycomb activated carbon is an absorption material produced by using the binder and a high-quality powder activated carbon. The product is manufactured from raw materials such as coconut shell carbon power or coal-based activated carbon, which is compressed using honeycomb mold and then activated at elevated temperatures. The activated carbon in honeycomb efficiently removes harmful gases and undesirable components from air. The honeycomb activated carbon removes pollutants such as carbon tetrachloride, nitrogen oxide, acetone, benzene, ethanol, chlorine, diethyl ether, acetic acid, methanol, phosgene, styrene, and several others from the emitted air. The key factor driving the growth of honeycomb activated carbon is its large-scale applications in air purification systems. Furthermore, surge in adoption of honeycomb activated carbon for water treatment is another factor boosting the growth of honeycomb activated carbon globally. Moreover, rising government initiatives and regulations to control water pollution globally is expected to fuel the growth for honeycomb activated carbon market for the upcoming period.
Market Dynamics:
Driver:
Air pollution is defined as a reduction in the quality of air due to the discharge of pollutants into the atmosphere. The main reasons for air pollution intensification are urbanization, industrialization, desert dust, nitrogen-based fertilizers, and forest fires. Pollution causes serious health issues especially after exposure to lead and other hazardous chemicals. Air pollution is one of the largest causes of disease and premature death. According to a report released by WHO on 2nd May 2018, 9 out of 10 people in the world live in areas where air quality standards are below the limit as set forth by the WHO (World Health Organisation). The report also highlights about the 3.2 million death every year due to indoor air pollution and 4.2 million deaths due to ambient air pollution.
The trend towards growing health awareness is resulting in adoption of air purification systems which in turn is driving the market growth of honeycomb activated carbon. Honeycomb activated carbon with its porous structure and large contact area helps in air treatment. Honeycomb activated carbon acts on both aqueous and gaseous components making it widely useful in air purification. Air purifiers catches small particles which are passing through the air filters. Many health issues are avoided by using air purifiers which keeps the indoor air free from hazardous and invisible pollutants and germs. The demand for air purifiers is expected to have a significant growth owing to the awareness of good air quality in domestic as well as commercial spaces, especially since the covid-19 pandemic. Therefore, the aforementioned reasons can be ascertained as a driving factor in the growth of honeycomb activated carbon market.
Restraint:
The honeycomb activated carbon filters are known to have limited-service life, as if contaminants fill up near the location of connection where the contaminants are trapped, then the filters installed in the air purification systems stop operating. Thus, places prone to high dust exposure require constant replacement of the filters after specific time intervals. In addition, the honeycomb activated carbon do not prove to be efficient filters for viruses or pathogenic bacteria and may harbor bacteria growth due to presence of moisture content. If not cleaned or replaced regularly, it negatively impacts the health of people. Further, the honeycomb structure is prone to cracking and thus requires careful handling.
Honeycomb Activated Carbon Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Million) | 244.26 million |
| CAGR (2022-2030) | 13.9% |
| By Type | Water-Resistant, Regular, Customized |
| By Application | Indoor Air Purification, Gas Treatment, Solvent Adsorption and Recovery, Catalyst Carrier, Other |
| By Geography | North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) Middle East and Africa- (GCC, Turkey, South Africa, and the Rest of MEA) |
| Key Players | Ingevity, Ningxia Baiyun Carbon Co., Ltd., KURARAY CO., LTD., Guangdong Hanyan Activated Carbon Technology, Huamei Activated Carbon, Xingyuan Industry Group, Hanyan, Jiangxi Jialin Carbon Industry Technology Co., Ltd., Xiamen Tongke Activated Carbon, Ningxia Baiyun Carbon Co., Ltd, Suzhou Yuerong Activated Carbon Co., Ltd., Shandong Yufeng Biotechnology Co., Ltd. |
Market Segmentation:
By Type
The type segment is divided into Water-Resistant, Regular, and Customized.
The Customized segment is anticipated to contribute the largest revenue share of over USD 133.46 million in the year 2025 during the forecast period. The main factor that is impelling the growth of customized honeycomb activated carbon is its availability in different shapes, sizes, and colors. The customized honeycomb-activated carbon is available in different shapes including round, circular, rectangular, and cubical. Different shapes are available for air filter systems, wastewater treatment, and air conditioning systems. The customized honeycomb-activated carbon is also available in different colors depending upon the customer’s requirement. The customized honeycomb activated carbon is used for air filtration in homes, stations & airports, waste treatment in exhaust gas equipment, and wastewater treatment in aquariums among others. For instance, Nanjing Blue Sky Filter Co., Ltd develops honeycomb-activated carbon in white and black depending upon the customer’s requirements. Similarly, another key player Huamei Carbon Corporation develops honeycomb-activated carbon in varying sizes including circular, cubical, and rectangular shapes. Customized shapes are also available in different sizes as per the requirement.
Additionally, the Regular segment is expected to grow at a CAGR of over 9.1% during the forecast period. Regular honeycomb-activated carbon is a type of activated carbon that has a large contact area and a microporous structure which results in high adsorption capacity. The main characteristic of honeycomb-activated carbon is its small wind resistance. This results in increased capability of honeycomb-activated carbon to filter air and wastewater. The increasing trend in the adoption of air purification systems in industries such as chemical, oil & gas, and petrochemical is leading to the market growth of the regular honeycomb activated carbon. It is also used in residential purposes for indoor air treatment. Moreover, regular honeycomb activated carbon is also used in water treatment in municipalities and industries. The regular honeycomb-activated charcoal is able to efficiently remove dirt, odor, bacteria, and algae. For instance, TruSens on July 19, 2022, launched an air purifiers series that uses honeycomb activated carbon granules for cleaning air. The air purifiers series includes Z-7000 and Z-6000 and was created to destroy 99.99% of viruses and bacteria. The purifiers provide a portable solution for capturing and destroying viruses and bacteria in large areas.
Global Honeycomb Activated Carbon Market, by Type (%), 2021
By Application
The application segment is divided into Indoor Air Purification, Gas Treatment, Solvent Adsorption and Recovery, Catalyst Carrier, and Others.
The Gas Treatment segment is expected to account for largest share of approximately 31% in 2021. Industries including chemical, petrochemical, and oil & gas produce gaseous waste as a byproduct of the industrial processes. The most common is carbon-containing gaseous waste which includes carbon dioxide, carbon monoxide, ethane, and methane among others. The second most common gaseous waste is nitrogen-based nitrogen dioxide, nitrous oxides, and nitric oxide among others. The gases have different types of impacts on the environment. For instance, gaseous wastes containing carbon are responsible for global warming and climate change. The nitrogen-based gaseous waste causes water pollution, acid rain, and suppresses plant growth. Rise in adoption of gas treatment equipment owing to the negative impacts of harmful gases on environment is fueling the demand for honeycomb activated carbon. Furthermore, according to U.S. Environmental Protection Agency, 67 million tons of waste were emitted into the atmosphere in 2021. The pollutants contributed to the acid rain and ozone layer depletion. Honeycomb-activated carbon with its large contact area absorbs nitric oxide, methanol, ethanol, acetic acid, chlorine, and benzene among others that are released from industries.
Global Honeycomb Activated Carbon Market, by Application 2022-2030 (USD Million)
By Region:
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. In 2021, North America is considered to contribute the largest revenue share of USD 19.67 million. The growing air and water pollution is a major environmental risk factor for diseases and premature deaths. According to a report released by US EPA (Environmental Protection Agency) in 2021, approximately 67 million tons of pollution were discharged into the atmosphere in the United States. Further, the water is also getting polluted with the release of high amounts of nitrogen and phosphorus by industries into water bodies. The rising awareness about the air pollution both indoor and outdoor and its implications on health is fueling the market growth of honeycomb activated carbon in North America. Moreover, maintaining proper indoor air quality has become a main objective for the residential, industrial, and commercial segments such as offices, hotels, colleges, and others boosting the demand for honeycomb-activated carbon. The honeycomb-activated carbon is also used by various industries across North America for the treatment of sewage and wastewater. The treated water is then used for different purposes including drinking, swimming pools, fish tanks, and irrigation among others. For instance, US based Bissell Homecare, Inc. on 11th August 2021 launched air purifiers that have a honeycomb-structure activated carbon filter. It also has a medical-grade HEPA filter and a washable fabric pre-filter. The air purifier successfully removes harmful gases and dust by the process of adsorption.
The Asia Pacific region is anticipated to witness substantial growth during the forecast period with a CAGR of 15.2%. Asia Pacific region has 60% of the world population according to UNFPA report released on 11 July 2022. Industrial growth has been implacable in the Asia Pacific region in the last two decades, especially in the manufacturing sector. But the industrial growth and high population in the Asia Pacific brings challenges of pollution as well. According to a report Healthy Planet, Healthy People (GEO-6) released on 4th March 2019 by the United Nations Environment Program, only 8% of the population breathes air which is as per the standards set by WHO. Further, there has been a decline in the groundwater resources and increasing pollution of freshwater. Owing to the mentioned factors the demand for honeycomb-activated carbon is increasing in the region for industrial and wastewater treatment. For instance, Ingevity on 17th February 2021 increased the capacity of its activated carbon capacity by an additional 15 to 20% in Zhuhai, China plant due to increase in adoption of honeycomb activated for gas treatment. The additional capacity building is expected to meet the high global demand for the activated carbon products of the company. Furthermore, there has been a growing number of regulations for waste gas treatment post the Paris Agreement which was held on 12 December 2015. For instance, India committed to reduce the greenhouse gas emission intensity by 33–35% by 2030. Thus, decreasing air quality in the region is anticipated to increase the demand for honeycomb activated carbon in the region.
Honeycomb Activated Carbon Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the Global Honeycomb Activated Carbon Market. Key players in the market include-
- Ingevity
- Ningxia Baiyun Carbon Co., Ltd.
- KURARAY CO., LTD.
- Guangdong Hanyan Activated Carbon Technology
- Huamei Activated Carbon
- Xingyuan Industry Group
- Hanyan
- Jiangxi Jialin Carbon Industry Technology Co., Ltd.
- Xiamen Tongke Activated Carbon
- Ningxia Baiyun Carbon Co., Ltd
- Suzhou Yuerong Activated Carbon Co., Ltd.
- Shandong Yufeng Biotechnology Co., Ltd.
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