The detailed research report on the global Carbon Black Market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes note of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market.
Conventional ways of producing carbon black over the years have been polluting the environment. This can mainly be attributed to the use of traditional furnaces and partially burning of crude oil. Additionally, inability of companies to effectively curb pollution from the production of carbon black has compelled governments to draft stringent policies. For instance, in 2018 three major carbon black producers were imposed with a total fine of US$ 2.5 Mn for not being able to control air pollution coming out of their manufacturing facilities.
Furthermore, it takes into consideration the existing development, past events, and recent trends to provide a strong and unbiased opinion on the future direction in which these leading companies will be heading into.
Market Players:
- CABOT
- Mitsubishi Chemical Corporation
- Orion Engineered Carbons S.A.
- Phillips Carbon Black Limited
- Tokai Carbon Co., Ltd.
- Birla Carbon Public Co. Ltd.
- Continental Carbon Company
- Himadri Chemicals & Industries Ltd.
- JSC
- Asahi Carbon Co. Ltd.
Key Takeaways from Market Study
- Rubber carbon black by grade is projected to provide highest absolute $ opportunity during the forecast period.
- Based on production method, furnace black is projected to rise at a high single-digit CAGR over the next ten years.
- On the basis of application, consumption of carbon black for tire production is anticipated to expand 2X by 2031.
- East Asia is projected to capture around 40% global carbon black market share by 2031.
- South Asia & Oceania to account for around 13% market share by 2031-end.
“Tyre production to remain the forefront of carbon black consumption till 2025 under the likely scenario,” says a Fact.MR analyst.
Key Segments
· By Grade
- Standard Grade Carbon Black
- Specialty Grade Carbon Black
· By Production Method
- Furnace Black
- Thermal Black
- Others
· By Application
- Carbon Black for Printing Inks
- Carbon Black for Paints & Coatings
- Carbon Black for Packaging
- Carbon Black for Batteries
- Carbon Black for Plastics
- Carbon Black for Tires
- Others
Which Region is Set to Provide Lucrative Opportunity for the Sales of Carbon Black?
East Asia is anticipated to drive carbon black consumption over the next decade. Currently, the region holds around 40% of total demand and is projected to increase its market share by around 200 BPS over the forecast period.
Demand for carbon black in East Asia will mainly be driven by the automotive industry. Over the past decade, there has been a surge in demand for commercial and passenger vehicles, which, in turn, has boosted sales of tires, driving carbon black demand.
These factors have contributed towards robust sales of the material in the region and the trend is projected to continue over the forecast period. Thus, East Asia is poised to provide high absolute $ opportunity worth US$ 1.9 Bn over the next ten years.
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Read More Insights: https://www.factmr.com/report/carbon-black-market
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