Market Analysis
The Global Specialty Carbon Black Market is likely to touch USD 2.3 billion at a 5.3% CAGR between 2019- 2025, according to the recent Market Research Future (MRFR) report. Specialty carbon black, simply put, is a pure form of carbon black that has low content of metals, sulfur, ash, and other impurities. It has excellent UV protection and conductive properties and provides pigmentation. Owing to its alluring features and key benefits specialty black market has wide applications in foaming reagents, adhesives and sealants, batteries, masterbatches, paints and coatings, printing inks, plastics, and others.
Various factors are adding to the Global Specialty Carbon Black Market growth. These factors, as stated by the MRFR report, include demand for printing inks in packaging industries for its excellent pigmenting property, used for imparting functionalities like conductive characteristics and UV protection to polymers, increasing adoption of hybrid and electric vehicles, and expanding construction industry both in developed and emerging economies. Additional factors adding the market growth include growing electrical & electronics industry, rapid technological advancements, increasing use to manufacture paints and coatings, polymers, and burgeoning demand for printing inks in different end use industries.
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On the contrary, high carbon dioxide emission in the production of carbon black may limit the specialty carbon black market growth.
Competitive Analysis
The swift changes in consumer preferences are predicted to motivate global market advancement. The favorable influence of global administration is estimated to promote global trade in the market. The discovery of new markets is likely further to enhance the chances for success in the forthcoming period. The upgrades in delivery strategies are anticipated to further boost the market progress in the near future. The foray of digitization-based strategies into operation management and forecasting is predicted to transform the global market in the forecast duration. The investment by market players towards developing the future potential for progress is likely to open up market potential. The activation of different avenues for development is estimated to kickstart the market development. The competition in the market is estimated to spur innovation in the market leading to the introduction of new products in the market. The establishment of strong research and development protocols is estimated to benefit the market in multiple ways in the future. The focus on sustainability is also assessed to influence the long-term expansion of the market significantly.
Birla Carbon (Thailand)
Orion Engineered Carbons SA (Luxembourg)
Continental Carbon Company (US)
Mitsubishi Chemical Corporation (Japan)
Phillips Carbon Black Limited (India)
Cabot Corporation (US)
DyStar Singapore Pte Ltd (Singapore)
Himadri Specialty Chemical Ltd (India)
Imerys Graphite & Carbon (Switzerland)
and Omsk Carbon Group (China).
Segmental Analysis
The segmental study of the specialty carbon black market is carried out on the basis of grade, application, endues and others. The grade segment of the specialty carbon black market has been segmented into food-grade and conductive grade. The end-user segment of the specialty carbon black market has been segmented into electrical & electronics, automotive, building & construction, and packaging. The application segment of the specialty carbon black market has been segmented into adhesives & sealants, plastics, printing inks, masterbatch, paints & coatings, and batteries. The region segment of the specialty carbon black market has been segmented into North America, Asia Pacific, Europe and other regional markets.
Regional Analysis
Based on the region, the global specialty carbon black market covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), Latin America & the Middle East & Africa (MEA). Of these, the APAC region will have the lions share in the market for the rapidly growing building and construction, packaging, and automotive industries across India & China.
The specialty carbon black market in North America and Europe is predicted to have healthy growth during the forecast period for the burgeoning demand for conductive ink from the electronics industry.
The specialty carbon black market in Latin America and the MEA will have the smallest share over the forecast period but is likely to have a healthy growth for the growing building & construction and automotive industry in this region.
Industry Updates:
May 2021 Orion Engineered Carbons S.A., a principal global trader of specialty and high-performance carbon black, declared it would raise pricing for its specialty carbon black foods. The price upsurge is essential due to the constant higher call for its specialty products and suddenly increasing global raw material and supply chain expenses. Contrary to this background, Orion Engineered Carbons will raise specialty carbon black charges by up to 20 % worldwide, effective July 1, 2021, or as soon as different contracts permit, for all consignments on or after that date.
Feb 2021 Phillips Carbon Black recently notified exchanges that the company has custom-made two specialty black lines at Palej, in Gujarat. The two specialty black lines are for the manufacture of a wide variety of specialty black products totaling about 32,000 MTP A to service the rising needs of its clients.
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The new research report titled "Specialty Carbon Black Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the specialty carbon black market include Cabot Corp., Birla Carbon, Tokai Carbon Co. Ltd., Continental Carbon Company, Omsk Carbon Group, Orion Engineered Carbons,, HimadriSpeciality Chemical Ltd., Mitsubishi Chemical Corporation, DyStar Singapore Pte Ltd., Phillips Carbon Black Limited, Imerys Graphite Carbon.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Specialty Carbon Black Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/specialty-carbon-black-market/download-sampleMarket DynamicsThe rapidly growing end-use industries, such as automotive, architecture, and consumer goods, drive the growth of the specialty carbon black market over the forecast period.
It is used for packaging a varied range of products and thus has wide-ranging applications across its end-user industries.
