Gulf Cooperation Council Activated Carbon Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Gulf Cooperation Council Activated Carbon Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : August, 2020 | Chemical & Materials | PPT format

Report Digest


Gulf Cooperation Council Activated Carbon Market: Overview 

The growth of the gulf cooperation council activated carbon market hinges on to advancements in the chemical and energy industries. The Gulf Cooperation Council (GCC), consisting of Middle Eastern countries, has initiated several projects related to energy conservation and sustainability. The member nations of this council are focusing on reviving their economy by reducing dependency on oil resources. Furthermore, several Middle Eastern nations have made a tryst to fortify the renewable energy sector of the region. As the energy sector across the region flourishes, the demand for activated carbon shall increase. Furthermore, the earnest efforts of national governments to heed to the stipulations of the council shall also aid market growth. 

The gulf cooperation council activated carbon market shall gather voluminous revenues as pollution treatment becomes a priority across the Middle East. The use of activated carbon is not restricted to a particular industry, and touches the periphery of multiple areas such as chemicals, energy, healthcare, and pharmaceuticals. Presence of a seamless sector for chemical management and application has played an integral role in market growth. The gulf cooperation council activated carbon market could fetch in revenues from an array of streams in the years to follow. 

Governments of the GCC countries are showing a proclivity towards non-oil investments. Oil-rich countries are revamping their economic policies to facilitate diversity-led transformations in the economy. This trend has given a boost to the growth of several niche markets such as the gulf cooperation activated carbon market. 

A syndicate report on the gulf cooperation council activated carbon market gives a descriptive account of the forces that have aided market growth. The gulf cooperation council activated carbon market can be segmented on the basis of the following parameters: type, application, end-user, and region. Based on type, powdered carbon shall gain popularity in the years to follow. 

Gulf Cooperation Council Activated Carbon Market: Notable Developments 

Reconciliations in policies across the GCC have led to several notable developments in recent times. 

  • A recent research found that the Internal Air Quality (IAQ) is a factor that has largely been ignored in the Middle East. This research has led governments and planners to induct core technologies for improving IAQ. The use of activated carbon filters for air purification is a prominent trend across the Middle East. The vendors in the gulf cooperation activated carbon can capitalise on such opportunities floating in the market. 
  • Carbon Activated Corporation has emerged as prominent provider of active carbon. The company focuses provides onsite services to a number of entities in the Middle East. Regeneration of used active carbon is amongst the most distinct operations of the company. 

Some of the leading players in the gulf cooperation council activated carbon market are: 

  • MeadWestvaco Corp.
  • Donau Chemie Group
  • Kuraray
  • Haycarb PLC, Jacobi Carbons
  • Calgon 

Gulf Cooperation Council Activated Carbon Market: Growth Drivers 

  • Use of Active Carbon in the Oil Industry 

The stellar size of the oil and gas industry across the Middle East has given a thrust to the growth of the gulf cooperation council activated carbon market. The use of activated carbon is spill clean-up, pilot testing, and groundwater remediation has played an integral role in market growth. Furthermore, the need for wastewater purification across oilrigs has also pushed growth across the gulf cooperation council activated carbon market. 

  • Advancements in the Pharmaceutical Industry 

The pharmaceutical industry has emerged as a key end-user of activated carbon. The need for testing and experimentation in the pharma industry has played a key role in market growth. Furthermore, drug development and testing is the most important component of the industry. This factor has also led to increased use of activated carbon. 

The gulf cooperation council activated carbon market is segmented by: 

  • Type 
    • Powdered
    • Granular
    • Other 
  • Application 
    • Liquid Phase
    • Gas Phase 
  • End Use 
    • Water Treatment
    • Refinery
    • Food & Beverage Processing
    • Pharmaceuticals & Medical
    • Air Purification
    • Precious Metal Recovery
    • Sewage Treatment
    • Others

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.