SunSirs: The Forecast for the Market of Activated Charcoal in 2024

Market Production: Market Production: In 2023, China's activated charcoal production will reach 1.15 million tons, including 400,000 tons of wooden activated charcoal and 750,000 tons of coal based activated charcoal. It is expected that the production of activated charcoal will continue to increase in 2024.

On the demand side: From the regional distribution of activated charcoal demand, China, the United States, the European Union, and Japan were the main consumption areas of activated charcoal, with China being the second largest global consumer of activated charcoal after the United States. With the continuous development of macroeconomics in developing countries, environmental pollution caused by industrial growth is becoming increasingly prominent. Countries were strengthening their efforts in environmental governance and protection, driving the rapid growth of activated charcoal consumption in the region. The traditional application market of activated charcoal will steadily expand, and it is expected that the domestic demand for activated charcoal market will reach about 890,000 tons by 2024.

Government side: In 2024, the supply and demand market of China's activated charcoal industry will become more stable, and pricing power will also be stronger. At present, the government is providing more support to the industry in strengthening supervision, regulation, and chemical inspection, promoting the standardization of market prices.

In summary, with the continuous improvement of living standards, the demand for environment such as food and drinking water was also continuously increasing. As a result, the market demand for activated charcoal was gradually expanding, driving the rapid increase of industry production capacity. It is expected that the price of activated charcoal will mainly fluctuate to be stronger in 2024.

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