Carbon Black Market is Rising Vastly Up with Massive CAGR

Factors that drive the growth of the Carbon Black Market are surge in demand for carbon black for tire and construction & manufacturing industries across countries of the Asia-Pacific region like India and China, where it is used to provide strength to industrial rubber compounds and other equipment. In addition, it has physical properties like color stability, solvent resistance, thermal stability, owing to which it is widely used in paint and coating industries.

Moreover, fluctuations in raw material prices, increase in use of silica as substitute, and environmental concerns associated with the manufacturing of carbon black are expected to restrain the growth of the market in upcoming years. Furthermore, increase in demand for carbon black because of its UV protection and conductive properties in plastics is expected to create new opportunities for the growth of the market. 

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Carbon black is a form of para crystalline carbon. It contains 95% of pure carbon and enhances the physical and mechanical properties of material, which makes end product more effective. Carbon black is an essential product and is used in manufacturing tires, plastics, mechanical rubber goods, printing inks, and toners. It can absorb UV light and convert it into heat, hence used in polymer industries. It is also used in insulating wires and cables. It finds application in wide range of rubber products and pigments. It is a cost-effective rubber reinforcing agent used in tires.

The global carbon black market is segmented on the basis of process, grade, application, and region. By process, it is classified as furnace black, channel, acetylene black, and lampblack.  Based on grade, it is divided into reinforced, semi-reinforced, and specialty. On the basis of application, it is categorized into tires, coatings, plastics, printing inks, and toners. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major market players operating in the global carbon black market are Cabot Corporation, Orion Engineered Carbons, Birla Carbon, Continental Carbon Company, Tokai Carbon Co. Ltd., and Philips Carbon Black Ltd. Black Bear Carbon BV, Mitsubishi Chemical Corporation, Imerys Carbon & Graphite, and Ashahi Carbon Co., Ltd.

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KEY BENEFITS FOR STAKEHOLDERS

• The carbon black market size has been analyzed across all regions
• Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
• The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
• The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
• The market analysis covers in-depth information of major carbon black industry participants.