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The global activated carbon market is mainly driven by the increased demand from the water treatment industry, accounting for nearly half of the total industry share. The substance is considered an effective source for making water pollutant-free as activated carbon, upon dissolution in water, absorbs the pollutants present in water.
The demand for activated carbon has witnessed a steady growth as it is used in a variety of applications to purify liquids and toxic gases, including municipal potable water, food and beverage processing, and in controlling industrial pollution. In March 2018, Kuraray Co., Ltd. (OTCMKTS: KURRF), a key player in the global activated carbon market, announced the acquisition of Calgon Carbon Corporation aiming to enhance its carbon materials business, further focusing on activated carbon, activated carbon services, and filtration media. After the acquisition, Calgon Carbon has become a part of the Functional Materials Company of Kuraray, along with Kuraray’s Carbon Material Business Division, thus, fulfilling the increasing product demand for activated carbon.
In 2016, Oxbow Activated Carbon LLC, a wholly-owned subsidiary of Oxbow Carbon LLC and a leading distributor of a broad range of coconut shell and coal and wood-based activated carbon products, announced the acquisition of all the assets of Superior Adsorbents, Inc. (SAI). The acquisition furthers Oxbow Activated Carbon's continuing efforts to enhance its ability to provide customers with high-performance screening, sizing, grinding, impregnation, pelletizing, and custom packaging solutions, particularly in North America.
Market Analysis by Types, Applications, and Regions:
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Kuraray Co., Ltd., Oxbow Activated Carbon LLC, Haycarb (Pvt) Ltd., Indo German Carbons Limited (IGCL), Shinkwang Chem. Ind. Co., Ltd, SICAV Srl, Century Chemical Works Sdn. Bhd, and cabot corporation, among others, are the key players in the global activated carbon market. The comprehensive report looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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