South Korea Activated Carbon Market research report, 2028

South Korea Activated Carbon Market research report, 2028

Actual Market Research 30-04-2023 67 Pages Figures : 6 Tables : 21 Region : Asia-Pacific Country : Korea South Category : Energy & Utility Environmental

South Korea's activated carbon market is driven by increasing demand from industries such as water treatment, air purification, and food and beverage processing. The country's booming semiconductor industry is also a major consumer of activated carbon, as it is used in the production of microchips. Furthermore, South Korean companies are known for their focus on innovation and product development, which has led to the development of advanced activated carbon products with superior adsorption capabilities and a longer lifespan. Moreover, activated carbon is increasingly being used as a key component in energy storage systems, such as supercapacitors and batteries. As South Korea continues to focus on renewable energy and clean technologies, the demand for activated carbon in energy storage applications is expected to grow. In addition, South Korea has some of the highest levels of air pollution in the world, particularly in urban areas. As a result, there is a growing demand for activated carbon-based air purifiers and filters to improve indoor air quality. Moreover, the South Korean government has implemented several initiatives to promote the use of activated carbon in various industries. For instance, it has implemented regulations to improve the quality of drinking water, which has led to increased demand for activated carbon in water treatment applications. According to the research report "South Korea Activated Carbon Market research report, 2028," published by Actual Market Research, the South Korea Activated Carbon market is expected to add more than USD 205 Million by 2028. The South Korea activated carbon market is classified into coal-based, coconut shell-based, wood-based, and others based on the raw material used in its production. The South Korea activated carbon market is dominated by coal-based activated carbon. Coal-based activated carbon is known to have a higher adsorption capacity, which makes it more efficient in various applications such as air and water purification, gas masks, and catalysts. The high surface area and pore structure of coal-based activated carbon also make it suitable for use in the food and beverage industry for decolorization, deodorization, and purification purposes. Furthermore, in South Korea, coal-based activated carbon is produced in several cities, but the majority of production takes place in the southeastern region of the country, which has a high concentration of coal mines and coal processing facilities. Some of the cities that are highly involved in the production of coal-based activated carbon include Pohang, Ulsan, Busan, Gyeongju, etc. However, there is also a growing trend towards the use of alternative raw materials such as coconut shell, which is leading to an increase in production in other parts of the country as well. Based on product type, the market is segmented into powdered activated carbon, granular activated carbon, extruded or pelletized activated carbon, and others. Powdered activated carbon is a popular product category in the global activated carbon market, with the largest market share expected in 2022. Due to its fine particle size, powdered activated carbon is easier to handle than other forms of activated carbon, such as GAC, extruded activated carbon, or pelletized activated carbon. Furthermore, the market is divided into two phases: liquid and gas. The South Korea activated carbon market is dominated by liquid-phase activated carbon. Environmental regulations governing the discharge of contaminants into waterways drive the demand for liquid-phase activated carbon. By removing pollutants from wastewater streams, liquid-phase activated carbon can assist industrial facilities in meeting these regulations. In addition, Water treatment, air purification, food and beverage processing, automotive, pharmaceuticals, and other end-use applications drive the South Korea activated carbon market. The water treatment segment has the largest market share. In water treatment, activated carbon is commonly used to remove impurities and contaminants from drinking water, wastewater, and industrial process water. The supply chain for activated carbon in South Korea involves multiple steps, from raw material sourcing to manufacturing and distribution of finished products. There has been a growing interest in the use of alternative raw materials for the production of activated carbon in South Korea, particularly in response to concerns over the environmental impact of traditional raw materials such as coal. These alternative raw materials include agricultural waste products such as rice husks and palm kernel shells, as well as renewable sources such as bamboo and wood chips. However, the use of these alternative raw materials is still relatively limited compared to traditional raw materials, due in part to the higher costs involved in their production and processing. Furthermore, some of the major distributors of activated carbon products in South Korea include Chemtex Korea, KNET Co. Ltd., Humax Corporation, Taesung Chemical Co. Ltd., Dong-A Corporation, and many more. For instance, the distribution process may involve transportation by land, sea, or air, depending on the location of the customer and the urgency of the delivery. Considered in this report • Geography: South Korea • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • South Korea Activated Carbon market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product type: • Powdered Activated Carbons (PAC) • Granular Activated Carbons (GAC) • Extruded or Pelletized Activated Carbon • Others (Pellet Shaped, Bead Shaped, Impregnated Carbon, Polymer Coated Carbon, etc.) By Raw Material Type: • Coal Based • Coconut Shell Based • Wood Based • Others (Petroleum Pitch, etc.) By Phase Type: • Liquid Phase • Gas Phase By End –user Type: • Water Treatment • Food & Beverage Processing • Pharmaceutical & Medical • Automotive • Air Purification • Others (Gold Treatment, Respirators, Solvency Recover, Mining, Industrial Chemicals, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Activated Carbon industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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