Press release
GCC Activated Carbon Market Segmentation By And Region, Type and Application Over 2019-2029
The global Gcc Activated Carbon Market is estimated to grow on a swift note in the next 10 years. The cash registers are bound to be kept ringing due to substantial demand for specialty and commodity chemicals alike. The end-markets have taken the organic as well as inorganic mode of expansion and the trend is expected to continue even in future. Raw material inflation would be another issue to be handled by the chemical vertical in the upcoming period.The activated carbon market in GCC (Gulf Cooperation Council) regional union is set for a robust growth outlook at 7.8% CAGR during 2019 - 2029. As suggested by a new Persistence Market Research (PMR) study, widening application base in air and water purification projects will primarily drive the GCC activated carbon market.
With rising concerns over public health, the governing bodies have implemented stringent regulations on environmental purification procedures. This remains a massive opportunity for activated carbon manufacturers.
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Key Takeaways from the Detailed Activated Carbon Market Study:
Granular activated carbon will account for a market share of 45% by 2029, with extensive applications in mining industry.
Demand for liquid phase activated carbon is projected to grow at a CAGR of 7.6% through 2029, with a majority of adoption in water treatment and food & beverages industries.
Owing to the significant presence of water treatment industry, KSA (the Kingdom of Saudi Arabia) represents nearly 1/3rd of the overall GCC market. UAE (United Arab Emirates) will also prevail as a lucrative market for activated carbon manufacturers.
Key players are emphasizing new product developments and strategic collaborations.
Water treatment sector will remain the top end-use application area.
"Rising exploration in purification methodologies revolving around diverse chemical and material industries boost the growth of activated carbon market. Seeking effective and economic activated carbon solutions would contribute to environmental sustainability, thereby benefiting the future industrial and commercial aspects," says a PMR Analyst.
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Stringent Regulations Propelling Demand for Activated Carbon Across GCC
Owing to rising environmental hazards, governing bodies have imposed strict norms on mercury and other toxic gas-emitting power plants. Furthermore, a majority of countries in the Middle East are taking necessary measures to control mercury emissions. Moreover, petroleum, manufacturing, and chemical plants are in need of air treatment processes. All these factors combined are fueling the demand for activated carbon, which plays a vital role in air purification.
The need for water purification is equally higher, thus further escalating the demand for activated carbon in various industries. Owing to rising demand for usage in these environmental procedures, the GCC activated carbon market is projected to witness healthy growth during the forecast period.
More Valuable Insights on Activated Carbon Market:
Persistence Market Research offers detailed insights into the GCC activated carbon market in its latest study. The report presents historical data from the period 2014-2018 and projections for 2019-2029. To simplify the vast data, the study classifies activated carbon market on the basis of form (granular, powdered, and pelletized), application (liquid phase and gas phase), and product type (food & beverage, water treatment, medical & pharmaceutical, mining, petrochemical, industrial air purification, automotive & transportation, and solvent recovery), across the six major regions of GCC, namely KSA, UAE, Kuwait, Qatar, Oman, and Bahrain.
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