Carbon Black is a commercial form of solid carbon that is manufactured to produce aggregates of carbon particles that vary in size, shape and porosity. It is extensively used in the industry to enhance physical, electrical and optical properties of manufactured goods. It is used as rubber reinforcement and as pigment for plastics, paints and coatings. The most important use of carbon black is in production of tires accounting more than 70% of total carbon black consumption in world. It also has several applications in manufacturing of films, fibers, and floppy disks.
This report analyses the global market for Carbon Black. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market. This Carbon Black market report provides insights on new trade regulations, import export analysis, industry value chain analysis, market size, consumption, production analysis, regional and segment market share, product launches, product pipeline analysis, impact of Covid-19 on supply chain, key regions, untapped markets, patent analysis, product approvals, continuous innovations and developments in the market.
Asia Pacific dominates the global market in terms of revenue generation. The region account more than 50 % of carbon black production in world. The growth in the region was attributed to the growing automotive industry in China, India, South Korea, Taiwan etc. China leads the market in terms of production and consumption of carbon black. The country has witnessed tremendous growth in tire manufacturing in last decade and is key performer in the world. China has more than 200 large and small tire manufacturers. Country is facing a downward growth past two years. This is due to the tariffs imposed by several countries and rising domestic competition. Despite these deterrents country is expected grow at significant pace in coming years.
Growing transportation, industrial, and building and construction sectors are driving the growth of global carbon black market. With over 1 billion tires manufactured per year around the world the tire industry is a major consumer of carbon black. 70 percent of carbon black is used in tire manufacturing while rubber goods such as belt, hoses account more than 19 percent. Growing environmental concerns, government regulations, fluctuating prices are some factors limiting the growth of carbon black market. Increasing use of specialty carbon in coatings, plastics, toners and printing inks will offer new opportunities for the market in forecast period.
•An overview of the global Carbon Black market
•In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
•Global Carbon Black market revenue data historic and forecast analysis (2016 to 2026)
•Characterization and quantification of the market segments for Carbon Black market
•Market share analysis of key market participants and their competitive landscape