Saudi Arabia Activated Carbon Market Size, Share, In-Depth Insights, Future Opportunity, Top CompaniesPosted by Akio Komatsu on August 21st, 2024 According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Saudi Arabia Activated Carbon Market - Industry Trends and Forecast to 2030 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services. Saudi Arabia Activated Carbon Market Analysis and SizeThe Saudi Arabia Activated Carbon Market size is valued at USD 62 Million in 2024 & is estimated to grow at a CAGR of around 6.78% during the forecast period, i.e., 2024-30. Saudi Arabia Activated Carbon Market Growth Driver:Waste Management & Circular Economy Initiatives Driving the Market Demand – The rising awareness of sustainable practices and wastewater management has led to an increased emphasis on circular economy initiatives in Saudi Arabia. Activated carbon plays an important role in water & wastewater treatment, contributing to the efficient removal of pollutants. Besides, the Saudi government is notably promoting the expansion of industrial facilities with the development of enhanced water infrastructures. According to the German Saudi-Arabian Liaison Office for Economic Affairs (GESALO), in 2022, annual investment in Saudi water infrastructure amounted to about USD 5 billion over the next 20 years. Moreover, the incorporation of activated carbon into circular economy models, including the regeneration and reuse of spent carbon, aligns with overarching sustainability objectives. Consequently, this factor propels the demand for activated carbon in the evolving waste-water management and water treatment landscape in the Kingdom. Market Segment and Geographical AnalysisBy Type
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