Gulf Cooperation Council (GCC) Activated Carbon Market Competitive Landscape by 2024

Activated carbon is a porous material which is used to adsorb contaminants. Increasing water treatment processes in the GCC region is expected to drive activated carbon market demand. GCC countries experience water scarcity due to low rainfall, low underground water levels and rising water demand from the agricultural sector. This trend has compelled strict water treatment process implementation for water recycling.

The Gulf Cooperation Council (GCC) Activated Carbon Market is expected to reach USD 330.3 million by 2024, according to a new report by Grand View Research, Inc.

High pollution emission as compared to other Gulf countries is a cause of concern for GCC countries. These countries have been trying to reduce emission levels by employing activated carbon medium for flue gas treatment. Government initiatives to curb pollution are expected to grow during the forecast period thus driving the GCC activated carbon market growth.

Exhausted activated carbons can be recycled by regeneration process. Thermal, steam, biological, and chemical are some of the processes employed. Regenerated activated carbon possesses the same adsorbing capacity as that of virgin counterpart thus providing cost effectiveness. Efforts are being made to develop chemical regeneration process as it avoids high energy consumption by using chemicals to free activated carbon from contamination.

Liquid phase was the leading application segment and accounted for 56.0% of total volume in 2015. Increasing need for water purification in the region is expected to drive this segment. Gas phase is expected to witness the highest growth of 14.5% over the forecast period.

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Water treatment industry was the leading activated carbon consumer in the GCC and accounted for over 45% of total market volume in 2015. The industry is also expected to witness the highest growth of 13.6% over the forecast period.

Top Players of GCC Activated Carbon Market:

Key companies operating in the regional market include ADA-ES, Boyce Carbon, Cabot Norit Corp., Jacobi Carbons AB, Kuraray Co. Ltd, Kureha Corporation, Veolia water solutions, Calgon Carbon Corporation, CECA, and Haycarb.

Market Segmentation of GCC Activated Carbon Market:

The GCC Activated Carbon Market segmented on the basis of Product, Application, End-Use, and Region.

By Product:

    Powdered activated carbon
    Granular activated carbon
    Other activated carbon product

By Application:

    Liquid Phase
    Gas Phase

By End-Use:

    Water Treatment
    Refinery
    Food & Beverages Processing
    Pharmaceuticals & Medicals
    Air Purification
    Precious Metal Recovery
    Sewage Treatment

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