MarketResearch.biz delivers in-depth insights on the global carbon black market in its upcoming report titled, “Global Carbon Black Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global carbon black market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The 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 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 future.
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 strengthened with carbon black they are used in fittings, hoses, and shafts to prevent leakages.
Rising demand for carbon black products from the automotive industry is a major factor driving growth of the global carbon black market currently. In addition, rising demand for carbon blank from rubber manufacturing companies is another major factor driving 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 carbon black production process are major factors expected to hamper growth of the global carbon black market to a certain extent.
Asia Pacific carbon black market is expected to account for major share in terms of revenue in the global carbon black market. Asia Pacific carbon black market is also anticipated to witness 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
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- 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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