Global Carbon Black Market is Estimated to be Worth USD 17.5 billion in 2018 and is Projected to Reach USD 23.0 billion by 2027, at A CAGR of 3.5% From 2020 to 2025: Proficient Market
Proficient Market announces the release of the report “Global Carbon Black Market by Product Type (Furnace Black, Channel Black, Thermal Black and Acetylene Black) and by End-Users/Application (Tire, Non-Tire Rubber, Inks & Coating, Plastic and others) Global Market Share, Forecast Data, In-Depth Analysis, and Detailed Overview, and Forecast, 2019 – 2027″ to its research database. This Carbon Black Market report analyzes the comprehensive overview of the market comprising an executive summary that covers core trends evolving in the market.
According to the report, global carbon black market in 2018 stood at USD 17.5 billion and is expected to reach USD 23.0 billion by 2026 growing at a CAGR of 3.5 % from 2020 to 2026.
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Carbon black is a form of Para-crystalline carbon that possess a high surface-area-to-volume ratio and is lower as compared to activated carbon. Carbon black is obtained through incomplete combustion of heavy petroleum products (coal tar, fcc and ethylene cracking tar). Carbon black is used in various industries like: industrial, transportation, building & construction, printing and packaging. And is used in making various materials like: printing inks, insulating wires & cables, tires, plastics, mechanical rubber products, toners, rubber products and pigments.
Carbon black Market Key Players: The research study includes profiles of leading companies operating in the global Carbon black market. Key players profiled in the report include:
Thai Carbon Black Public Company Limited
Orion Engineered Carbons SA
Jiangxi Black Cat Carbon Black Inc. Ltd.
China Synthetic Rubber Corporation
Phillips Carbon Black Limited
Tokai Carbon Co. Ltd.
Sid Richardson Carbon & Energy Co.
Omsk Carbon Group OOO
OCI Company Ltd.
Mitsubishi Chemical Corporation.
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Drivers for the Global Carbon black Market: Rising demand of tires for automobiles/heavy vehicles, various increasing applications of carbon black in industries like: construction and manufacturing (as they use carbon to provide strength to industrial rubber materials) and other applications globally are owing to increase the disposable income and positively influence the growth of the market. Hence tires industry is the major driver for the market.
Opportunities for the Global Carbon black Market: Moreover, various investments and advancements in construction industry, adoption of electric cars and self-driving cars, increase in the economy and the uv protection & conductive properties for plastics. Hence these factors are providing growth and future opportunities for the market.
Restrains for the Global Carbon black Market: However, Unpredictability of raw material prices, carcinogenic content present in carbon black rise environmental concerns and replacement of carbon black by other materials like silica. Hence these factors can majorly hamper the growth of the carbon black market.
Region Wise, Global Carbon black Market Analysis: Asia-pacific held major share in the market due to general economic conditions, increasing consumption of tires, plastics and rubber, easy availability of heavy petroleum-based products to obtain carbon black and investment in new technology. Besides, Europe and North America held a large share in the carbon black market.
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Global Carbon black Market: Product analysis
On the basis of type, furnace black accounted for largest share of total revenue generated. Because, it is used in a wide range of applications like rubber reinforcement, coloring and also the furnace black manufacturing process facilitates mass production with varying particle sizes and structures.
Global Carbon Black Market: Application analysis
Inks & Coating
The demand of global carbon black Market is highest from tire, due to various properties like: carbon black is used as supporting filler in tires, provides resistance to abrasion, tread wear confrontation and it advances the life span of tires as it demeanors heat away from the tread and belt area of tires.
Global Carbon Black Market: Region analysis
North America: U.S., Canada, Mexico
Europe: U.K., France, Germany, Spain, Italy, Rest of Europe
Asia Pacific: China, Japan, South Korea, ASEAN, India
Rest of Asia Pacific: Latin America, Brazil, Argentina, Colombia, Rest of L.A.
Middle East and Africa: Turkey, GCC, UAE, South Africa, Rest of Middle East
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