Europe Activated Carbon Market 2021 Status and Growth Outlook - Kuraray Co. Ltd, Cabot Corporation, Jacobi Carbons Ab

The Europe Activated Carbon Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The African lubricants market is expected to register a CAGR of over 2% during the forecast period.

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Top Leading Companies of Europe Activated Carbon Market are Kuraray Co. Ltd, Cabot Corporation, Jacobi Carbons Ab (Osaka Gas Chemicals Co. Ltd), Ingevity, and Desotec and others.

Industry News and Updates

In April 2018, Tunisia planned to auction 1 GW of solar and wind power projects to promulgate the renewable energy sector. Similarly, in November 2018, Tunisia's Ministry of Industry and Small and Medium Enterprises prequalified 16 companies and consortia for a 500 MW solar tender and 12 parties for a 300 MW wind auction.

- Unlike its neighbors, Jordan does not have oil and gas reserves. As a result, the country is heavily dependent on fuel imports for its energy needs. Therefore, the country is moving toward green resources to meet the power demands. As a result of this strategy, in the last four years (2014-2018), the installed wind power capacity increased from 1.4 MW to 284.5 MW.

Key Market Trends

Increasing Demand from the Growing Power Generation Sector (Wind Energy Sector)

- Gear oils find application in wind turbines for the lubrication of the main gearbox and other gear motor components.

- The lubricant requirements in wind turbine gearboxes are more stringent, when compared to other industrial gear oils. This is due to the high temperatures, bearing wear, corrosion and oxidation, and load weights involved during the process of power generation.

- There is an increasing demand for synthetic gear oils in wind turbines, due to their enhanced properties, over their mineral-based counterparts, owing to the performance additives used during the formulation of synthetic oils, as per the requirement.

- Despite facing competition from solar power generation, the wind power sector is expected to continue its growth during the forecast period. This, in turn, is expected to boost the regional demand for gear oil in a significant manner in the future.

- Owing to various factors, such as low cost of electricity production, African countries are focusing on the wind energy generation. Additionally, driven by technological advancements and environmental concerns, the share of wind energy in the energy mix of the region is likely to continue to increase in the years to come.

- The government support, in terms of initiatives and subsides, to promote the renewable energy has been contributing to the growth of the wind energy sector.

Regional Outlook of Europe Activated Carbon Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Europe Activated Carbon Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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