Dallas, Texas, Jan. 29, 2020 (GLOBE NEWSWIRE) -- The “Carbon Black Market by Manufacturing Process (Furnace Black, Channel Black, Thermal Black, Acetylene Black, and Others), Application (Tire, Non-Tire, Coatings, Plastics, Printing Ink & Toners, and Others), End User (Automotive, Industrial, Printing & Packaging, and Others), Grade (Standard, and Specialty Grade) and Region, Global Forecasts 2019 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
The global carbon black market size is projected to surpass USD 18 billion by 2025. Carbon black act as a reinforcement material for tires and rubber, and possess electrical conductive properties. Carbon black provide pigmentation, conductivity, and UV protection for a number of coating applications along with toners and printing inks for specific color requirements. Its multiple application across various end product along with rising economic outlook has significantly enhanced its demand over the years.
The rising demand for rubber for its application in tire and non-tire product is anticipated to stimulate the demand for carbon black market. The product is utilized for reinforced material and vulcanized rubber products, which holds major share for manufacturing of tires. In addition, increasing application of carbon black for specialty product is further fueling the industry growth. The industry players are focusing toward establishment of specialty carbon black plants as it offer high profit margins. The special blacks is in developing stage and manufacturers are consistently investing on research and development activities to enhance the product applicability.
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The report also throws light on various aspects of the global carbon black industry by assessing the market using value chain analysis. The report covers several qualitative aspects of the carbon black industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The major players of the global carbon black market are Phillips Carbon Black Limited, Birla Carbon, Cabot Corporation, Continental Carbon Company, Orion Engineered Carbons, OMSK Carbon Group, Jiangxi Black Cat Carbon, Tokai Carbon, Mitsubishi Chemical Corporation, Asahi Carbon, OCI Company Ltd., Himadri Chemicals & Industries Ltd., Ralson Goodluck, Longxing Chemical Stock Co, Ltd., and Atlas Organic Pvt. Ltd. As of 2018, the market for carbon black is consolidated with the presence of established global and domestic players across the globe. Moreover, the established companies are shifting focus toward establishing manufacturing facilities associated with production of carbon black. Furthermore, the industry players are coming up with inorganic growth strategies to expand their market presence.
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The global carbon black market holds strong competition among the well-established and new emerging players. These market players targets to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
On the basis of application of the carbon black market, the market is categorized into tire, non-tire, coatings, plastics, printing ink & toners, and others. The non-tire segment is expected to grow at a CAGR of around 4% over the forecast period 2019-2025. The growth of this segment is mainly attributed to the growing demand for manufactured rubber goods.
The Asia-Pacific region is expected to experience the fastest growth with 5% CAGR in terms of Kilo Tones over the forecast period. The countries including China, India have exhibited impressive gains on account of substantial development across automobile and specialty black industries. Furthermore, stringent emission norms across developed countries have impelled industry players to shift their manufacturing facilities across South Asian countries. Over the years, Asia Pacific region has witnessed significant investments to establish production facilities. The region is expected to dominate the industry in the coming years on account of positive economic growth which in turn has provide impetus to product demand.
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Major points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Carbon Black Market by Manufacturing Process
Chapter 6 Carbon Black Market by Application
Chapter 7 Carbon Black Market by End User
Chapter 8 Carbon Black Market by Grade
Chapter 9 Carbon Black Market By Region
Chapter 10 Competitive Landscape
Chapter 11 Company Profiles
Chapter 12 Appendix
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Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
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