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Gulf Cooperation Council Activated Carbon Market Analysis and Review By Form (Granular, Powdered, Pelletized and Others)
activated carbon market for gcc
Activated carbon market for GCC is estimated to reach a value of US$ 133.9 million by 2023 end. for GCC Market size of activated carbon is projected to reach US$ 286.9 million by the end of 2033. Consumption of activated carbon is expected to grow with a CAGR of 7.1% during the forecast period in terms of value. The market is driven by several factors such as increasing water and air pollution, growing demand for clean drinking water, and the increasing use of activated carbon in industrial applications.
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The GCC (Gulf Cooperation Council) activated carbon market has been experiencing strong growth over the past decade, with the GCC countries investing heavily in research and development. This is driven by rising awareness of the importance of air quality and pollution control, as well as an increasing demand for clean energy sources and sustainable solutions. GCC countries are known for their resource-rich economies, which provides them with plentiful access to natural gas and crude oil reserves, making activated carbon an ideal choice for applications such as desulphurization, water purification, and other industrial processes.
As a result of this growth in GCC activated carbon use, GCC manufacturers have increased their production capacity to meet demand. This includes investments in state-of-the-art manufacturing facilities and technology, as well as strategic partnerships with global suppliers. GCC manufacturers typically specialize in either steam or chemical activation processes depending on the specific need of the consumer. As a result, GCC activated carbon products can be tailored to meet specific requirements across different industries such as oil & gas processing, municipal water treatment facilities, pharmaceuticals manufacturing plants, food & beverage operations and more.
Key Companies-
Cabot Cooperation Donau Carbon GmbH JACOBI CARBONS GROUP Calgon Carbon Cooperation Fujairah Chemical NTC Dubai DUBI CHEM Marine International Veolia Water SA Carbon Activated Cooperation
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Application Analysis:
The activated carbon market in the GCC region is segmented based on application into water treatment, air purification, food and beverage processing, pharmaceuticals, and others. Among these, the water treatment segment held the largest market share in 2020, accounting for over 40% of the total market share. This is due to the increasing demand for clean drinking water and the implementation of strict environmental regulations in the region.
The air purification segment is also expected to witness significant growth during the forecast period, owing to the increasing concern over air pollution and the rising demand for clean air in industrial and commercial settings. In addition, the food and beverage processing segment is expected to witness significant growth due to the increasing demand for purified water in food and beverage production.
Regional Analysis:
The activated carbon market in the GCC region is segmented based on region into Saudi Arabia, UAE, Qatar, Kuwait, Oman, and Bahrain. Among these, Saudi Arabia dominated the market in 2020, accounting for over 35% of the total market share. The country is expected to continue its dominance during the forecast period, owing to the increasing demand for water and air purification solutions in the region.
The UAE is also expected to witness significant growth during the forecast period, owing to the increasing adoption of sustainable development practices and the rising demand for clean drinking water in the country. In addition, Qatar and Kuwait are also expected to witness significant growth due to the increasing demand for activated carbon in the oil and gas industry.
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The activated carbon market in the GCC region is expected to witness significant growth during the forecast period, driven by the increasing demand for water and air purification, the implementation of strict environmental regulations, and the rising industrialization in the region. The market is highly consolidated, with the presence of several large players, who are focusing on expanding their product portfolio and increasing their production capacity. However, the market is also witnessing challenges such as the high cost of production and the availability of raw materials.
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