The Carbon Black Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global carbon black market report has been segmented on the basis of type, application, and region.
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Carbon Black Market Overview:
Global Carbon Black Market was valued at $16.8 billion in 2021 & is projected to reach $24.3 billion by 2027. It is expected to grow at a 4.4% CAGR between 2021 and 2027.
Carbon black is a fine black powder with tinting, reinforcing, and conductive properties which are used across various sectors. The tire industry is a major customer of carbon black, wherein it is utilized to improve the longevity and strength of automotive tires by increasing the abrasion resistance and tensile strength.
Carbon black is utilized to manufacture tires and various other rubber products, carbon black primarily serves as a filler. In paints, plastics, coatings, and printing inks, carbon black is utilized as a black pigment. Carbon black is also utilized as a replica compound for the diesel oxidation experiments in diesel exhaust.
Rubber is used in various end-use industries such as medical, automotive, and pharmaceutical. In the pharmaceutical and medical industries, it is utilized in closures of infusion containers, injection vials, lyophilization, blood collection tubes, and others.
It is utilized as a plunger in pre-filled syringes, infusion pumps, dental anesthetics, and insulin injectors. In automotive air-conditioning systems, these rubber seals are strengthened with carbon black they are used in fittings, hoses, and shafts to prevent leakages.
The rising demand for carbon black products from the automotive industry is a major factor driving the growth of the global carbon black market currently. In addition, rising demand for carbon blank from rubber manufacturing companies is another major factor driving the growth of the global carbon black market, owing to its expedient mechanical and high abrasion resistance properties.
However, fluctuating raw material prices and emission of CO2 in the carbon black production process are major factors expected to hamper the growth of the global carbon black market to a certain extent.
Asia Pacific carbon black market is expected to account for a major share in terms of revenue in the global carbon black market.
Asia Pacific carbon black market is also anticipated to witness the fastest growth in terms of revenue over the next 10 years, owing to increasing demand from the automobile, paint & coatings, and pharmaceutical industries in countries in the region.
Global Carbon Black Market Segmentation:
Segmentation by type:
- Furnace Black
- Channel Black
- Thermal Black
- Acetylene Black
Segmentation by application:
- Non-Tire Rubber
- Inks and Coating
- Others (graphite manufacturing, lithium-ion batteries, construction industry, and metallurgy)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Mitsubishi Chemical Corporation
- Tokai Carbon Co., Ltd.
- Cabot Corporation
- Jiangxi Black Cat Carbon Black Inc., Ltd.
- Phillips Carbon Black Limited
- Thai Carbon Black Public Company Limited
- China Synthetic Rubber Corporation
- OMSK Carbon Group OOO
- OCI Company Ltd.
- SID Richardson Carbon & Energy Co.
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