Carbon Black Market Analysis 2018 | Latest Trends and Regional Growth Forecast by Types and Applications 2023
Global Carbon Black Market Information: by Process (Furnace Black, Thermal Black, Acetylene Black and Lampblack), by Application (Polymers, Inks and Paints, Tires, Electrical & Electronics, Automotive, Aviation, and Others), by Grade (Standard and Quality) – Forecast till 2023
Pune, India – April 25, 2018 /MarketersMedia/ —
Carbon Black continues to be a key reinforcing agent in rubber owing its high abrasion resistance and expedient mechanical properties. In addition, the product finds its application in tire, polymer, electrical & electronics and ink and paints manufacturing. This is one of the primary factors driving the global demand for Carbon Black. Market Research Future (MRFR) in its latest report projects that the global market for Carbon Black will witness a health CAGR during the assessment period (2017-2023). Expansion of the rubber industry and the paint industry in recent years has augured well for the carbon black suppliers and manufacturers.
Latest Industry Trends and News
American specialty chemicals and performance Materials Company Cabot Corporation has successfully pulled off two expansion projects, which will help the company increase its market presence on a global level. The company also aims to increase its manufacturing capacity to better serve its clients.
Orion Engineered Carbons S.A, a prominent supplier of high-performance and specialty carbon black recently announced that the company has reached an agreement with Haldor Topsoe to deploy Topsoe’s sustainable emission control system “SNOX” in its Louisiana Plant for the first time.
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Global Market for Carbon Black – Competitive Dashboard
Thai Carbon Black Public Company Limited (Thailand), Jiangxi Black Cat Carbon Black Inc., Ltd. (China), Phillips Carbon Black Limited (India), Mitsubishi Chemical Corporation (Japan), Cabot Corporation (U.S.), Orion Engineered Carbons SA (Luxembourg), China Synthetic Rubber Corporation (China), Aditya Birla Group (India) and Tokai Carbon Co., Ltd. (Japan) are some of top market participants mentioned in MRFR’s report.
Global Market for Carbon Black – Segmental Analysis
Based on Type, the market has been segmented into thermal black, lampblack, furnace black and acetylene black. The furnace block segment is expected to remain highly attractive during the forecast period. Furnace block will remain a sought-after carbon black type due to its increasing demand from end-use industries such as rubber, automotive, paints and inks, tire and others. By grade, the market has been bifurcate into quality and standard. On the basis of application, the market has been segmented into lnks and paints, electrical & electronics, aviation, tires, automotive, polymers and others.
Regional Overview
Carbon Black Market in Asia Pacific (APAC) is expected to exhibit a steady growth over the forecast period. In light of the tremendous expansion of manufacturing sector in the region, demand for industrial materials such as Carbon Black has witnessed a healthy uptick. China, India and Japan are expected to remain the three major markets for Carbon Black in the region in 2018 and beyond. China and India in particular have become the global manufacturing powerhouses owing to the cost benefits offered by these countries. China is the largest manufacturer of automotive, while policy makers in India have launched initiatives such as “Make in India” to bolster the countries manufacturing sector. Factors as such are intriguing investors towards these countries. North America and Europe are also expected to present lucrative opportunities for market players during the review period. In North America, the efforts taken by federal government to reinvigorate the large-scale manufacturing sectors are likely to have a positive impact on the market. In addition, demand for specialty black is expected to be relatively higher in Canada. Meanwhile, demand for Carbon Black in Europe is primarily supported by its robust use in tire and printing inks manufacturing. EU countries such as the UK, Germany, Italy and France collectively are expected to make the highest contribution to growth of the market in the region.
Presence of a vast auto sector is also reflecting favorably on Europe’s Carbon Black Market.
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