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Wood Activated Carbon Market 2019 Global Analysis, Opportunities And Forecast To 2024

Author : Rahul Varpe | Published Date : 2019-05-08 

Global Market Insights, Inc. has launched a report on Wood Activated Carbon Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

The competitive spectrum of wood activated carbon market is chronicled to be rather consolidated, encompassing biggies like Ingevity Corporation, Kuraray, D&R Corporation, Haycarb, and Chemtex among others. In recent years, this consolidation is further strengthened, as these giants have been bending over backwards to establish strategic collaboration, in a bid to expand their production capacities and global reach. An apt instance of the same is Kuraray’s recent acquisition of Calgon Carbon Corporation.

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Elaborating further, Kuraray, one of formidable players in wood activated carbon industry, has apparently signed an acquisition agreement with Calgon Carbon Corporation in a deal worth USD 1.1 billion in cash or USD 21.50 per share. Reportedly, through the deal, both the organizations would be conjointly putting their efforts in producing supreme quality activated carbon products, equipment and services.

While the move would undoubtedly stronghold Kuraray’s presence in global wood activated industry share, the Japanese chemical manufacturer intends to operate Calgon Carbon, as a separate subsidiary, keeping its headquarter intact at Pittsburgh.

Having endorsed itself in an era that is continually promoting emission reduction, the profitability quotient of wood activated carbon industry is certain to upscale, suggests analysts. Statistics depict, manufacturing units, thermal power plants and mines collectively account for almost 80% of the mercury and harmful gas emission across the globe.

In a bid to respond to this alarming call, regional governments of both developing as well as developed nations have been striving hard to constantly improvise the regulatory framework pertaining to environmental sustainability. The sheer popularity of wood activated carbon industry in recent times, can be majorly credited to this aspect.

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The European Union Biocidal Products Regulation (EU BPR 528/2012), for instance, has recently revised its norms where it has mandated activated carbon manufacturers to supply silver impregnated activated carbon that is in compliance with the improvised regulations. Allegedly, the European government has taken this initiative in a bid to ensure that downstream operators make authentic anti-microbial and anti-bacterial claims about their commercialized products.

Not to mention, these kinds of regulatory improvisations and standardizations have played a pivotal role in shaping the regional wood activated carbon market dynamics. Add to it, the growing number of manufacturing units across the European belt has further upscaled the product demand for recycling, decolorization, adsorption and purification purposes. Having said that, it is prudent to mention that decolorization and purification are claimed to be the fastest growing application domains of wood activated carbon industry and are slated to continue their percentage of authority over the ensuing years.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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