Saudi Arabia Activated Carbon Market
Saudi Arabia Activated Carbon Market, By Type (Powdered, Granular, Others); By Application (Liquid Phase, Gas Phase); By End User Industry (Water Treatment, Food & Beverage Processing, Pharmaceutical & Medical, Automotive, Air Purification, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: November 2024
- Report ID: BWC24866
- Available Format: PDF
- Page: 118
Report Overview
A spurring demand for activated carbon from the thriving pharmaceutical industry and air purification systems is expected to boost the growth of Saudi Arabia Activated Carbon Market during the forecast period between 2024 and 2030.
Saudi Arabia Activated Carbon Market - Industry Trends & Forecast Report, 2030
Saudi Arabia Activated Carbon Market size was estimated to be worth USD 59.72 million in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Activated Carbon Market size is projected to grow at a CAGR of 6.01%, reaching a value of USD 89.87 million by 2030. Major growth factors for Saudi Arabia Activated Carbon Market include its diverse application across various industries, including chemicals, food and beverage, pharmaceuticals, and others. The high demand for activated carbon in the water treatment process plays a major role in driving Activated Carbon Market growth in Saudi Arabia since the Kingdom is a water-scarce country.
Activated Carbon – Overview
Activated carbon, also known as activated charcoal, is a form of carbon that has been processed to have a highly porous structure and a large surface area, making it extremely effective at absorbing (binding) a wide range of substances, including chemicals, toxins, and impurities. Due to its porous nature, activated carbon can trap molecules and particles from gases and liquids, making it commonly used in water purification, air filtration, industrial processing, and medical treatments such as detoxification for poisonings or overdoses. Its effectiveness is enhanced by its large surface area, which allows it to capture more contaminants.
Saudi Arabia Activated Carbon Market
Growth Drivers
Demand from Thriving Oil & Gas Sector
The expanding oil and gas sector is one of the major factors driving Saudi Arabia Activated Carbon Market. The demand for activated carbon is high in the oil and gas sector due to its various applications, including oil refining, petrochemical production, and gas processing activities. Activated carbon plays a critical role in the refining process, where it is used for purifying various chemical streams, removing impurities from gas streams, and ensuring the quality of end products. Furthermore, the industry is also focused on improving its operational efficiency and reducing its environmental impact, which further drives the demand for activated carbon in the Kingdom, propelling its overall market growth.
Challenges
Limited Demand from Non-oil Sectors
Saudi Arabia is heavily reliant on its oil and gas industry, which could limit the demand for activated carbon from other sectors, including pharmaceutical or environmental sustainability. Activated carbon is an essential element in air and water purification processes. However, the high demand for activated carbon from industries attributed to fossil fuels may hinder its growth in other sectors. Moreover, the adoption of eco-friendly technologies is still in its early stages, and the growth has been rather slow. There is limited local production capacity for activated carbon, which means the country relies on imports, which further limits the Saudi Arabia Activated Carbon Market.
Impact of Escalating Geopolitical Tensions on Saudi Arabia Activated Carbon Market
Escalating geopolitical tensions could impact several aspects of Saudi Arabia Activated Carbon Market. With rising tensions, particularly in regions around Saudi Arabia, the country could potentially face supply chain disruptions for key raw materials used in the production of activated carbon, which may cause shortages and price hikes for manufacturers. Volatility in oil prices due to fluctuations in global energy markets could directly increase the manufacturing expenses of activated carbon since its production is an energy-intensive process. If oil prices surge due to geopolitical issues, production of activated carbon could be more expensive, pushing up prices for consumers in sectors that rely on it.
Saudi Arabia Activated Carbon Market
Segmental Coverage
Saudi Arabia Activated Carbon Market – By Type
Based on type, Saudi Arabia Activated Carbon Market is segmented into powdered, granular, and others. The powdered segment holds the largest share of Saudi Arabia Activated Carbon Market. Powdered activated carbon has a higher absorption capacity because of its smaller particle size, which results in a larger surface-to-volume ratio. However, the granular activated carbon segment also covers a substantial market share owing to its use in the water treatment processes both as an absorbent and a filter. Furthermore, extensive research and development activities by industry players around granular activated carbon are projected to provide lucrative growth opportunities to the segment.
Saudi Arabia Activated Carbon Market – By Application
On the basis of application, Saudi Arabia Activated Carbon Market is segmented into liquid phase and gas phase. The gas phase application accounts for a higher market share. Activated carbon is used in many gas phase applications, including gas purification, toxic gas retention, air purification, gas separation, and gas storage. The expanding oil and gas industry of Saudi Arabia propels the demand for activated carbon for gas separation to separate components of air, such as carbon dioxide from natural gas, and to store gasses, such as hydrogen and natural gas, which drives its market.
Saudi Arabia Activated Carbon Market – By End User Industry
Based on end user industry, Saudi Arabia Activated Carbon Market is segmented into water treatment, food & beverage processing, pharmaceutical & medical, automotive, air purification, and others. The water treatment segment dominates Saudi Arabia Activated Carbon Market. Activated carbon is one of the major components of the water treatment process and is used to remove organic chemicals and control taste and odor. Saudi Arabia significantly invests in water treatment to overcome water scarcity issues in the country. The Kingdom built 133 wastewater treatment facilities in 2021, according to data published by the International Trade Administration. With increasing water usage across various sectors and industries, the demand for water treatment is projected to rise, driving the Activated Carbon Market growth.
Competitive Landscape
Saudi Arabia Activated Carbon Market is highly competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Cabot Corp., Kuraray Co. Ltd, Kureha Corp., Osaka Gas Co. Ltd, Evoqua Water Technologies, Carbios SA, Saudi Carbonate Company, and Al-Jazeera Factory. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period– 2024–2030 |
|
Facts Covered |
Revenue in USD Million |
Product/ Service Segmentation |
Type, Application, End User Industry |
Key Players |
Cabot Corp, Kuraray Co Ltd, Kureha Corp, Osaka Gas Co Ltd, Evoqua Water Technologies, Carbios SA, Saudi Carbonate Company, Al-Jazeera Factory |
By Type
-
Powdered
-
Granular
-
Others
By Application
-
Liquid Phase
-
Gas Phase
By End User Industry
-
Water Treatment
-
Food & Beverage Processing
-
Pharmaceutical & Medical
-
Automotive
-
Air Purification
-
Others
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Activated Carbon Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Growth of the Pharmaceutical Industry
- Increasing Demand in Air Purification Systems
- Restraints
- Scarcity of Raw Materials
- Presence of Substitutes
- Opportunities
- Innovation in Production Processes
- Growing Food and Beverage Sector
- Challenges
- Slow Industrial Growth
- Adherence to Strict Environmental Regulations
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Activated Carbon Market: Marketing Strategies
- Saudi Arabia Activated Carbon Market: Pricing Analysis
- Saudi Arabia Activated Carbon Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Type
- Powdered
- Granular
- Others
- By Application
- Liquid Phase
- Gas Phase
- By End User Industry
- Water Treatment
- Food & Beverage Processing
- Pharmaceutical & Medical
- Automotive
- Air Purification
- Others
- By Type
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Products
- Saudi Arabia Activated Carbon Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships)
- Impact of Escalating Geopolitical Tensions on Saudi Arabia Activated Carbon Market
- Company Profiles (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, and SWOT Analysis)
- Cabot Corp
- Kuraray Co Ltd
- Kureha Corp
- Osaka Gas Co Ltd
- Evoqua Water Technologies
- Carbios SA
- Saudi Carbonate Company
- Al-Jazeera Factory
- Other prominent players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Activated Carbon Segmentation
Figure 2 Saudi Arabia Activated Carbon Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Saudi Arabia Activated Carbon Market Size, By Value (USD Million), 2019–2030
Figure 5 Saudi Arabia Activated Carbon Market Share, By Type, By Value (USD Million), 2019–2030
Figure 6 Saudi Arabia Activated Carbon Market Share, By Application, By Value (USD Million), 2019–2030
Figure 7 Saudi Arabia Activated Carbon Market Share, By End User Industry, By Value (USD Million), 2019–2030
List of Tables
Table 1 Saudi Arabia Activated Carbon Market Size, By Value (USD Million), 2019–2030
Table 2 Saudi Arabia Activated Carbon Market Share, By Type, By Value (USD Million), 2019–2030
Table 3 Saudi Arabia Activated Carbon Market Share, By Application, By Value (USD Million), 2019–2030
Table 4 Saudi Arabia Activated Carbon Market Share, By End User Industry, By Value (USD Million), 2019–2030
Table 5 Cabot Corp Company Overview
Table 6 Cabot Corp Financial Overview
Table 7 Kuraray Co Ltd Company Overview
Table 8 Kuraray Co Ltd Financial Overview
Table 9 Kureha Corp Company Overview
Table 10 Kureha Corp Financial Overview
Table 11 Osaka Gas Co Ltd Company Overview
Table 12 Osaka Gas Co Ltd Financial Overview
Table 13 Evoqua Water Technologies Company Overview
Table 14 Evoqua Water Technologies Financial Overview
Table 15 Carbios SA Company Overview
Table 16 Carbios SA Financial Overview
Table 17 Saudi Carbonate Company: Company Overview
Table 18 Saudi Carbonate Company Financial Overview
Table 19 Al-Jazeera Factory Company Overview
Table 20 Al-Jazeera Factory Financial Overview
Market Segmentation
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