Middle East and Africa Activated Carbon Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Pelletized and Others, Granular, and Powdered) and Application (Water Treatment, Food and Beverages, Pharmaceuticals, Automotive, and Others)
The activated carbon market in the Middle East & Africa is expected to grow from US$ 212.51 million in 2021 to US$ 377.85 million by 2028; it is estimated to grow at a CAGR of 8.6% from 2021 to 2028.
Activated carbon is made from wood, petroleum residue, peat, lignite, and coat. Recently, a significant interest in discovering cost-effective alternatives to existing commercial activated carbon has been developed. Exploring cheaper and more effective activated carbon may contribute to the sustainability of the environment and offer other benefits for future activated carbon applications. Moreover, the activated carbon made from bioresources has shown exceptional surface properties with high porosity. The costs incurred to manufacture activated carbon from bioresources are relatively low compared to commercial activated carbon. Therefore, there is a growing interest in bioresources to synthesize activated carbon. Bioresources can be categorized in two different ways, namely waste materials or dedicated energy crops. Waste materials include animal manure, food processing waste, municipal solid waste (MSW), and forest residues. As the use of solid waste materials to synthesize activated carbon helps save landfill space, the alternative is expected to be supported by governments in the future. Dedicated energy crops are grown in lands that are fertile and less arid. Woody and herbaceous crops are the two main varieties used as bioresource. Herbaceous energy crops include sorghum, wheatgrass, and bamboo, and woody crops include walnut, maple, willow, and poplar, which are anticipated to drive the activated carbon market in the Middle East & Africa.
Middle East & Africa Activated Carbon Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Activated Carbon Market Segmentation
The Middle East & Africa activated carbon market segmented by type, application, and country. Based on type, the Middle East & Africa activated carbon market is segmented into granular, powdered, and pelletized and others. In 2020, the powdered segment accounted for the largest revenue share. Based on application, the Middle East & Africa activated carbon market is segmented into water treatment, food and beverages, pharmaceuticals, automotive, and others. In 2020, the water treatment segment accounted for the largest revenue share. Similarly, based on country, the market is segmented into South Africa, Saudi Arabia, UAE, and the rest of Middle East & Africa. South Africa contributed a substantial share in 2020. Albemarle Corporation, CABOT CORPORATION, JACOBI CARBONS GROUP, and James Cumming and Sons Pty Ltd are among the leading companies in the Middle East & Africa activated carbon market
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa Activated Carbon Market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa Activated Carbon Market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Activated Carbon Market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook