Vietnam forges new global market
(VOV) - The Tra Bac Joint Stock Corporation (TRABACO) has exported its first 100 tonnes of activated carbon for 2015 made from coconut husks to the Japanese market.
Activated carbon is used in gas purification, decaffeination, gold purification, metal extraction, water purification, medicine, sewage treatment, air filters in gas masks and respirators, filters in compressed air and numerous other applications.
The global market for activated carbon is forecast to reach a market size of 2.3 million metric tons by the year 2017, energized mainly by the anticipated spurt in demand for activated carbon in the US market, according to a new report by Global Industry Analysts, Inc.
In the future, apart from the traditional application areas, several new focus spheres are expected to arise from rigid governmental regulations in the US such as the Safe Drinking Water Act and the Clean Water Act among others.
The US and Asia-Pacific, (currently powered mainly by China, Indonesia, Philippines, Sri Lanka and Thailand) have traditionally dominated as two of the largest activated carbon producers around the globe.
TRABACO is forging a new pathway into the market and anticipates exporting 4,200 tonnes of activated charcoal in various types to foreign markets such as the EU, Asian nations, the US, South America and Australia and expand its outlets to the Middle East for 2015.
Nguyen Khac Nhu, TRABACO general director said this year, the company will focus on developing its brand name for Made-in-Vietnam high quality principally in the US and the South American markets.