Press release
Activated Carbon Market Sales to Top US$ 400 Mn by 2031|Key Players- Cabot Corporation, Donau Carbon GmbH and more
Activated Carbon Market 2022
GCC activated carbon market is poised to be worth US$ 400 Mn by the year 2031. GCC Activated Carbon Market Poised for 7.8% CAGR During 2019 - 2029; KSA Accounts for a Third of Overall Demand: PMR.
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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.
Key Companies-
• Cabot Corporation
• Donau Carbon GmbH
• JACOBI CARBONS GROUP
• Calgon Carbon Corporation
• Fujairah Chemical
• NTC Dubai
• DUBI CHEM Marine International
• Veolia Water SA
• Carbon Activated Corporation
Complete Report Details@https://www.persistencemarketresearch.com/market-research/gcc-activated-carbon-market.asp
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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Key geographies evaluated in this report are:
North America - U.S, Canada
Europe - France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC - China, India, Japan, Australia, Others
Latin America - Argentina, Brazil, Others
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Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.
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