Summary

Demand for activated carbon in Gulf Cooperation Council countries is on a steady rise, with significant applications in water treatment plants and air purification facilities.With an estimated market size of $154.75 million in 2024, it is projected to reach $257.54 million by 2031, growing at a compound annual growth rate (CAGR) of 7.5%. The consumption of activated carbon is expected to grow robustly during the forecast period in terms of value, driven primarily by the needs of these key sectors. Additionally, the oil and gas industry in the region plays a crucial role in influencing demand, with Saudi Arabia and the United Arab Emirates emerging as pivotal markets due to their burgeoning industrial sectors and extensive oil and gas operations.

Activated carbon's role as an adsorbent is particularly vital in the oil and gas industry, where it is used extensively in amine units for removing hydrogen sulfide and CO2 from hydrocarbon streams. The substantial growth potential in this market is prompting key manufacturers to expand their sales efforts towards Gulf Cooperation Council member states to meet the rising demand. It is estimated that activated carbon will constitute a significant portion of the overall adsorbents demand in the region.

Over the historical period, the market for activated carbon witnessed moderate growth, with a notable dip during the pandemic crisis due to reduced demand in key end-use industries. However, the market is now poised for a resurgence, supported by increasing demand from various sectors. The Gulf Cooperation Council water treatment market is particularly promising, driven by the growing number of desalination plants and government initiatives aimed at enhancing wastewater treatment capabilities.

The rising demand for oil and gas in the Gulf Cooperation Council countries, influenced by global geopolitical dynamics, is also contributing to the positive outlook for activated carbon demand. The manufacturing industries in these countries are experiencing an uptick, further boosting the demand for activated carbon.

Air filtration is another significant application area propelling market growth. Industrialization and the proliferation of coal-fired power plants are leading to higher levels of air pollution, necessitating stringent air filtration processes. Coal-fired power plants, in particular, emit substantial amounts of carbon, creating a critical need for air purification solutions that utilize activated carbon. Governments in the region are implementing measures to control emissions, thereby increasing the demand for activated carbon in air filtration.

Industrial air treatment processes, especially in petroleum, manufacturing, and chemical plants, also drive demand for activated carbon. These plants use activated carbon to remove volatile organic compounds (VOCs) from air emissions, making it an essential component in maintaining air quality. The activated carbon market is expected to continue its growth trajectory, supported by these factors.

Activated carbon's wide range of applications, including water and wastewater treatment, air purification, recovery of precious metals, and various industrial processes, underscores its versatility. Among these applications, water and wastewater treatment are particularly significant, with increasing demand driving market growth. The environmental benefits of activated carbon, combined with stringent pollution control regulations, are expected to augment demand further.

Innovative production methods, such as using agricultural waste biomass for activated carbon development, are gaining traction. This approach is favored for its energy efficiency and shorter production cycles compared to conventional methods. Market participants are investing in this technology to enhance productivity and meet the growing demand for activated carbon.

In Saudi Arabia, the strong presence of water treatment and petrochemical plants, as well as air purification systems, is bolstering demand. The country accounts for a substantial portion of the overall activated carbon consumption in the Gulf Cooperation Council. Efforts to reduce industrial emissions and the introduction of stricter emission standards are expected to further drive demand in the coming years. Key market players are focusing on expanding their sales in Saudi Arabia to capitalize on these opportunities.

In the United Arab Emirates, the manufacturing sector is a major economic contributor, with significant activities in food and beverages, plastics and rubber, chemicals, and minerals. The ease of doing business and the development of supply chain clusters in the country are positively influencing the demand outlook for activated carbon. The UAE's market share within the Gulf Cooperation Council is expected to increase, driven by higher growth in key end-use industries compared to other member states.

Granular and powdered forms of activated charcoal are the key segments in the market. Granular activated carbon, in particular, is anticipated to account for a substantial market share by the end of the forecast period. Its primary characteristics, such as particle size and diameter, make it suitable for various applications, including adsorption of gases and vapors. The rise in demand for air purification and significant investments in the sector are expected to create ample opportunities for the granular activated carbon market.

Activated carbon's cost-effectiveness as an adsorbent in water treatment, compared to other media, makes it a preferred choice. The water treatment segment accounts for a significant portion of the overall consumption of this type of adsorbent in the region. The air purification segment is also anticipated to be one of the fastest-growing application areas, driven by the need to reduce emissions. Activated carbon is used to lower organic content from industrial air emissions, gas process streams, and storage tank vents, highlighting its diverse applications in air purification.

The activated carbon market is estimated to be oligopolistic, with key manufacturers meeting a significant portion of the demand. To increase market share and dominance, these players are expanding their sales footprint and strengthening their distribution networks. Strategic acquisitions, particularly of China-based manufacturers, are being pursued to provide cost-effective materials and bolster sales volumes.

Key Companies Profiled

•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

Global Activated Carbon Market by Category

By Form, the market has been segregated as:

•Granular

•Powdered

•Pelletized

•Others

By Application, the market has been subdivided into:

•Liquid Phase

oFood & beverage

oWater Treatment

oMedical & Pharmaceuticals

oMining

oPetrochemical

•Gas Phase

oIndustrial air purification

oAutomotive & Transportation

oSolvent Recovery

oOthers (Gold metal, Catalyst)

By Country, the market is segmented as:

•Kingdom of Saudi Arabia

•United Arab Emirates

•Kuwait

•Qatar

•Oman

•Bahrain

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Table of Contents

1. Executive Summary
1.1. GCC Activated Carbon Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value and Volume, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Production Output and Trade Statistics, 2019-2023
3.1. GCC Activated Carbon Market Production Output, by Region, Value (US$ Mn) and Volume (Tons), 2019-2023
4. Price Analysis, 2019-2023
4.1. Average Price Analysis, by Form, US$ Per Tons, 2019-2023
4.2. Prominent Factor Affecting GCC Activated Carbon Prices
4.3. Average Price Analysis, by Region, US$ Per Ton
5. GCC Activated Carbon Market Outlook, 2019-2031
5.1. GCC Activated Carbon Market Outlook, by Form, Value (US$ Mn) and Volume (Tons), 2019-2031
5.1.1. Key Highlights
5.1.1.1. Granular
5.1.1.2. Powdered
5.1.1.3. Pelletized
5.1.1.4. Others
5.2. GCC Activated Carbon Market Outlook, by Application, Value (US$ Mn) and Volume (Tons), 2019-2031
5.2.1. Key Highlights
5.2.1.1. Liquid Phase
5.2.1.1.1. Food & beverage
5.2.1.1.2. Water Treatment
5.2.1.1.3. Medical & Pharmaceuticals
5.2.1.1.4. Mining
5.2.1.1.5. Petrochemical
5.2.1.2. Gas Phase
5.2.1.2.1. Industrial air purification
5.2.1.2.2. Automotive & Transportation
5.2.1.2.3. Solvent Recovery
5.2.1.2.4. Others (Gold metal, Catalyst)
5.3. GCC Activated Carbon Market Outlook, by Country, Value (US$ Mn) and Volume (Tons), 2019-2031
5.3.1. Key Highlights
5.3.1.1. Kingdom of Saudi Arabia
5.3.1.2. United Arab Emirates
5.3.1.3. Kuwait
5.3.1.4. Qatar
5.3.1.5. Oman
5.3.1.6. Bahrain
6. Competitive Landscape
6.1. Product vs Indication Heatmap
6.2. Company Market Share Analysis, 2022
6.3. Competitive Dashboard
6.4. Company Profiles
6.4.1. Cabot Corporation
6.4.1.1. Company Overview
6.4.1.2. Product Portfolio
6.4.1.3. Financial Overview
6.4.1.4. Business Strategies and Development
6.4.2. Donau Carbon GmbH
6.4.2.1. Company Overview
6.4.2.2. Product Portfolio
6.4.2.3. Financial Overview
6.4.2.4. Business Strategies and Development
6.4.3. JACOBI CARBONS GROUP
6.4.3.1. Company Overview
6.4.3.2. Product Portfolio
6.4.3.3. Financial Overview
6.4.3.4. Business Strategies and Development
6.4.4. Calgon Carbon Corporation
6.4.4.1. Company Overview
6.4.4.2. Product Portfolio
6.4.4.3. Financial Overview
6.4.4.4. Business Strategies and Development
6.4.5. Fujairah Chemical
6.4.5.1. Company Overview
6.4.5.2. Product Portfolio
6.4.5.3. Financial Overview
6.4.5.4. Business Strategies and Development
6.4.6. NTC Dubai
6.4.6.1. Company Overview
6.4.6.2. Product Portfolio
6.4.6.3. Financial Overview
6.4.6.4. Business Strategies and Development
6.4.7. DUBI CHEM Marine International
6.4.7.1. Company Overview
6.4.7.2. Product Portfolio
6.4.7.3. Financial Overview
6.4.7.4. Business Strategies and Development
6.4.8. Veolia Water SA
6.4.8.1. Company Overview
6.4.8.2. Product Portfolio
6.4.8.3. Financial Overview
6.4.8.4. Business Strategies and Development
6.4.9. Carbon Activated Corporation
6.4.9.1. Company Overview
6.4.9.2. Product Portfolio
6.4.9.3. Financial Overview
6.4.9.4. Business Strategies and Development
7. Appendix
7.1. Research Methodology
7.2. Report Assumptions
7.3. Acronyms and Abbreviations