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Activated Carbon, also known as activated charcoal, is used as an adsorbent, with a capacity of adsorbing thousands of organic and in-organic materials. It is largely used to purify, deodorize, decolorize and dechlorinate compounds, such as benzene, geosmin, and gold among others, owing to its pore structure, high surface area, and high degree of surface reactivity. Also, activated carbons are economical adsorbents for separation, purification and cosmetology industries across the globe. Moreover, it is used in various industrial applications which include air and gas cleaning that involves purification of factory effluent gases and desulphurization Furthermore, the adoption of Activated Carbon Injection (ACI) technology has provided cost effective methods of purification.
Market Segmentations and Scope of the Study:
The market is segmented on the basis of type, raw material, application, end-user industry and geography. On the basis of type, the market is classified into powdered, granular, extruded, bead, polymer coated, impregnated and woven carbon. Among these, the granular activated carbon owes the highest demand being the dominant type in several industries, such as air and gas purification and water treatment. On the basis of raw-material, the market is divided into coal-based, coconut shell-based, wood based, olive stones and petroleum pitch. On the basis of application, the market is categorised into water purification, air and gas purification, pharmaceuticals, metal extraction, catalyst, vehicle emission control, edible oil purification and others. Geographical breakdown and analysis of each of the aforesaid classification includes regions comprising of North America, Europe, Asia-Pacific, and RoW.
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The Activated Carbon market is highly segmented with several global and regional players such as Cabot Corporation, Osaka Gas Chemicals and Co. Ltd., Haycarb Pvt Ltd., Ingevity Corporation, Donao Carbon GmbH, Universal Carbons, Calgon Carbon Corporation, Activated Carbon Technologies, Adsorbent Carbons, Jacobi Carbons AB, Kureha Corporation, Kuraray Ltd. and Oxbow Activated Carbons. These key market players are adopting several strategies such as joint ventures, expansion, mergers and acquisitions, partnership in order to sustain their dominance in the global activated carbon market. For instance, in February 2021, Ingevity Corporation had expanded its activated carbon manufacturing capacity by an additional 15% to 20% in Zhuhai plant, China. The expansion has upgraded its capacity to meet the rising global demand for its high-capacity carbon products, basically used to control gasoline vapor emissions in cars, trucks and boats. Also, on June 2020, Calgon Carbon Corporation has announced that it intends to expand its capacity in Pearlington, Mississippi plant with an add on of second virgin activated carbon production line. The estimated investment would be USD 185 million, that will exceed the production capacity by 200 million pounds per year, after completion by the end of 2022.
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