Global carbon black market was valued at USD 17.22 Billion in 2018. It is expected to grow at 6.0% CAGR between 2019 and 2025. The global plastics market is expected to grow due to rising product usage. The increasing use of these materials in electronic and electrical components will also boost product demand. Carbon black can be produced by either thermal decomposition, or partial combustion. This method includes oil or natural gases as a feedstock. There are four processes that produce carbon black: the channel process, furnace black, acetylene and lampblack.
Due to its highest production capacity, Furnace Black is the most popular method. It is made industrially by the combustion and mixing of heavy petroleum products such as coal tar or Fluid Catalytic Cracking tar (FCC tar) with vegetable oil. Due to the increasing number of automobile sales in America, the U.S. tire market is expected to experience a boom in demand. New units are being established by tire manufacturers in the area near automobile production centers. Market growth is also expected to be fueled by the rapid adoption of advanced technologies for tire production.
There has been an increase in the number of cars being refurbished in the country, which will continue to drive the demand. High-performance coatings are in high demand in the automotive and other industries. Market dynamics are heavily dependent on the use of rubber, electronic discharge chemicals, inks, and various regulations that were formulated for different manufacturing technologies and raw material. Market dynamics are also affected by regulatory laws enacted by key European and North American government agencies. Transportation is expected to become the largest segment in the industry over the next seven year due to an increasing demand for rubber and tires.
This product improves the durability and life expectancy of tires by providing a better abrasion resistance as well as tensile strength. The product demand is expected to rise due to the growing construction and manufacturing industries that use industrial rubber and other equipment. Prices of products are largely determined by raw materials, auxiliary material, and utilities. Carbon black prices are affected by fluctuations in crude oil prices. Other macro-level factors that influence the price are working capital and preoperational costs. Pre-occupational expenses include installation and setup, capitalised interests, project engineering, management and commissioning.
In 2018, tires ranked as the most popular application segment. It is used extensively in tire manufacturing, where it is added to rubber as a strength agent and a filler. It's used in sidewalls, carcasses, innerliners, treads and treads. In 2018, plastics accounted for 7.0%. The most common uses of carbon blacks include films, conductive packaging and moldings, fibers and semi-conductive cable compound, and pipes in products such as industrial bags and refuse sacks. Because of its antistatic and electrical conductivity, it is often used in the manufacture of conductive plastics.
Asia Pacific was the largest global market, followed by Europe and North America. The European and North American markets may be affected by strict environmental regulations. The high demand for tires manufacturing will support the market. The region's demand for carbon black has been boosted by high economic growth and rapid industrialization. The market is also growing due to favorable regulatory policies and rising foreign investment.
This region is quickly becoming a manufacturing center, which has increased the demand over the last few years. As they offer lower labor costs and support from their governments, major manufacturers are moving their manufacturing plants to India, China, Vietnam and Vietnam. Product demand is expected to rise due to increased automotive production. The chemical was initially exported to China and other developing countries, but the number of exports has decreased with the increase in their production capacity.
The U.S. dominates the North American market in both product consumption and production. With an increase in the number of tires that are being replaced each year, North America's tire demand has grown. The market will continue to grow due to ongoing recovery in the construction and automotive industries. Carbon black plastics are light and help to reduce carbon emissions and fuel consumption.
Evonik Industries AG and Nippon are some of the major suppliers and manufacturers in the market. These industry players are focused on increasing production capabilities and developing new sustainable technologies to make carbon black. Cabot Corp., for example, has established manufacturing units in Asia's developing countries to produce carbon black at a lower cost and faster pace. Industry participants will be able to increase their market share by collaborating with raw material suppliers as well as end-user manufacturers over the forecast period.
Attribute |
More Details |
Base year for estimation |
2018 |
Actual estimates/Historical data |
2014 - 2017 |
Forecast period |
2019 - 2025 |
Representation of the market |
Volume in Kilotons, Revenues in USD Million, CAGR 2019-2025 |
Regional scope |
North America, Europe and Asia Pacific, Latin America, Middle East & Africa, and Latin America |
Country coverage |
U.S.A., Canada. U.K. Germany, France. Italy. China. India. Japan. South Korea. Brazil. |
Report coverage |
Forecast revenue, company share, competitive landscape and growth factors and trends |
15% off customization scope (equivalent of 5 analyst working days). |
We will customize the report to provide you with any additional information that you require. |
This report predicts revenue growth and volume growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014-2025. Up Market Research has divided the global carbon black markets report by region and application.
Application Outlook (Volume of Kilotons; Revenues, USD Million, 2014-2025)
Tires
Coatings with high-performance properties
Plastics
Other
Regional Outlook (Volume of Kilotons; Revenues, USD Million, 2014-2025)
North America
U.S
Canada
Europe
U.K.
Germany
France
Italy
Asia Pacific
China
India
Japan
South Korea
Latin America
Brazil
Middle East & Africa
UAE
Up Market Research published a new report titled “Carbon Black Market research report which is segmented by Application (Tires, Plastics, High-performance Coatings), By Players/Companies Phillips Carbon Black, Mitsubishi Motors Corp, Evonik Industries AG, Jiangxi Black Cat Carbon Black Co Ltd, China Synthetic Rubber Corp Most of these industry participants focus on increasing production capacities and the development of new and sustainable technologies to produce carbon black For instance, Nippon, Cabot Corp has set up manufacturing units in developing countries of Asia for faster and cheaper production Collaborations with raw material suppliers and end-use manufacturers will help industry participants to gain significant market share over the forecast period”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Carbon Black Market Research Report |
By Application | Tires, Plastics, High-performance Coatings |
By Companies | Phillips Carbon Black, Mitsubishi Motors Corp, Evonik Industries AG, Jiangxi Black Cat Carbon Black Co Ltd, China Synthetic Rubber Corp Most of these industry participants focus on increasing production capacities and the development of new and sustainable technologies to produce carbon black For instance, Nippon, Cabot Corp has set up manufacturing units in developing countries of Asia for faster and cheaper production Collaborations with raw material suppliers and end-use manufacturers will help industry participants to gain significant market share over the forecast period |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 236 |
Number of Tables & Figures | 166 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (Tires, Plastics, High-performance Coatings).
Carbon Black Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Carbon Black Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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