Carbon Black Market:
Growth opportunities in the Carbon Black Market look promising over the next six years. This is mainly due to their usage in manufacturing tires, mechanical rubber goods, plastics, toners, and printing ink and it’s potential to absorb UV light and convert it into heat, which helps insulate wires and cables.
Carbon Black Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The ongoing expansion in the tire and automobile industry is one of the most crucial drivers contributing to the growth of the global carbon black market. The demand for private vehicles has witnessed a significant demand in recent years due to the accelerating population and higher disposable incomes. In addition, it helps to improve the lastingness and strength of tires by proffering superior pliable strength and abrasion resilience. Moreover, the manufacturing and construction sectors are increasing the implementation of industrial rubber and equipment. The rubber production is enlarging to serve the robust demand for rubber goods. These factors considerably bolster the carbon black market share. Moreover, it is excessively employed in plastics manufacturing because of its mounting use in electronic and electrical components, which will further strengthen the market growth. However, the soaring use of silica as an alternative, instability in raw material prices, and escalating environmental concerns associated with its production might restrain the market’s growth.
Process Segment Drivers
Based on the process, the market is segmented into thermal-oxidative and thermal decomposition processes. Amongst which, furnace black, a sub-segment of thermal-oxidative process, is projected to expand at a higher CAGR over the forecast period. This is primarily attributed to their utilization of rubber reinforcement and helps in the production of color pigments in cosmetics, increasing the inclination towards this process.
Regional Drivers
Based on the regional coverage, Asia-Pacific is predicted to lead the market over the forecast period. This is mainly because of the intensification in the tire and construction industry. The emerging economies, such as India and China, are largely investing in the development of residential and commercial buildings. In addition, the surge in demand for personal vehicles is stimulating the paints & coatings industry and the tire and rubber goods industry, which is thereby driving the market growth.
Carbon Black Market’s leading Manufacturers:
- Cabot Corporation
- Birla Carbon
- DCL Corporation
- Mitsubishi Chemical Holdings Corporation
- BASF SE
- SABIC
- Phillips Carbon Black Limited
- Asahi Carbon Co., Ltd.
- Nouryon
- Dow
Carbon Black Market Segmentation:
Segmentation by Process
- Thermal-Oxidative Processes
- Furnace Black
- Channel Black
- Degussa Gas Black
- Lamp Black
- Thermal Decomposition Processes
- Acetylene Black
- Thermal Black
Segmentation by Grade
- Specialty Grade
- Conductive Grade
Segmentation by Application
- Tires
- Coatings
- Plastics
- Printing Inks
- Toners
- Cosmetics
- Electronics
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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