Global Specialty Carbon Black Market by Grade (Conductive, Fiber, Food Contact) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

The global specialty carbon black market was worth USD 2.0 billion in 2019. It is projected to grow at an 8.9% compound annual growth rate (CAGR), between 2020 and 2027. This market will be driven by growing demand for reinforcing agent in hoses and belts, tires, and plastic parts. One of the most prominent uses for specialty carbon black compounds is in the , which has better conductive properties than polymers and rubbers. It reduces the resistance to electricity and creates a conductive network between rubber and polymer. Over the past decade, economies such as India, Brazil, Mexico and China have experienced tremendous growth in terms of their industrial output and GDP. This has resulted in a higher demand for batteries electrodes, due to increased discretionary spending.

According to estimates, the spread of COVID-19 around the world will result in a gap in demand and restrain product requirements. The demand for specialty carbonblack is expected to rise due to increasing consumer preference for lightweight and fuel-efficient vehicles. It is a conductor and antistatic material that plastics can use, and will drive the market during the forecast period.

It is widely used as a reinforcing material in many products such as tires, wheels, tire covers, belts, grommets and gaskets. The key characteristic of specialty carbon black's ability to absorb ultraviolet light and convert it into heat makes it plastics that are more resistant to radiation. It has antistatic and conductive qualities that can be used in plastics, from highly conductive to insulation. The industry is seeing new trends such as the shift to higher-quality commodities and the increased use of this pigment in light-weight auto-parts to increase conductivity.

Specialty carbon black is also a versatile component that can be used in non-rubber applications. It all depends on the product's requirements. It is used mainly in key plastic segments such as molding, film pipe and fiber. Plastics are used in many key industries, including packaging, paints and coating, construction, electric & electronics, as well as automotive.

Its high durability, corrosion resistance and flexibility as well as its low maintenance requirements can explain the increasing scope of applications. The market will grow due to the increasing demand for electronic and electrical components such as ovens, microwaves, phones, tablets laptops, computers and televisions.

Grade Insights

With a market share of more than 28%, the conductive grade was the leader in specialty carbon blacks. Conductive carbon blacks are used primarily in the manufacture of printing inks and paints & coatings. Segment growth is expected to be driven by the growing manufacturing sector and strong demand for polymers over the forecast period. Segment growth will be further boosted by an increase in demand for lithium-ion battery due to their superior properties.

Paints & coatings applications will see a rapid increase in demand from rapidly growing end-use markets like automotive, architecture, and consumers. Over the forecast period, the product's demand will be driven by a growing manufacturing sector and strong economic growth. Asia Pacific is the region with the highest number of polymers consumers and manufacturers. This will drive market growth for the next eight years.

The textile industry uses fiber-grade product to make polyester fiber, PP masterbatches and other synthetic fibres. The main driver of fiber-grade carbon black market demand is the growth in the fabric sector in the Asia Pacific region. The demand for fiber-grade carbon black is expected to be strong in countries like the U.K.

The forecast period will see an increase in food contact grade products' usage of packaging, films & sheet, and plastic molded items. FDA, European Plastics Regulation and Japan Hygienic Olefin & Styrenic Plastics Association have different requirements for food-grade products. The use of specialty carbon blacks for packaging diverse products has many applications in many industries. Food-grade products are used in agriculture and food packaging.

Regional Insights

Asia Pacific dominated the market, accounting for more than 46% of global volume share in 2019. The fastest CAGR in terms of revenue and volume will be seen between 2020 and 2027, thanks to the rapid growth of end-use industries as well as increasing awareness about eco-friendly, sustainable, luxurious, and comfortable products. High product demand is expected from countries like Thailand, India, Vietnam, China, and Vietnam in the next few years.

Global economic activity is influenced by the automotive industry. This industry's growth has had a positive impact on many industries and sectors, both upstream and downstream. As major automobile manufacturers have set up factories in emerging markets, including China, India and South-east Asia to take advantage of local operations, the industry has seen a rise in manufacturing. This is expected to increase product demand in the Asia Pacific region.

Due to the spread of COVID-19, governments around the world have taken a number of preventive steps, including closing down industrial and commercial businesses like factories, shops, and plants. This has had a negative impact on both import-export and overall production. However, over the long-term, market growth will be boosted by the recovery of the automobile industry in countries like Russia, France, Germany, and the U.K.

Market Share Insights & Key Companies

Major multinationals such as Birla Carbon and Orion Engineered Carbons, Mitsubishi, Tokai Carbon and Cabot Corporation have a stronghold in the market. They offer a wide range of products worldwide. Chemical companies like Mitsubishi, Sid Richardson and Evonik Industries are integrated into the value chain, from feedstock production to product formulation. This gives them an advantage in terms of captive material supply, particularly during price fluctuations. Birla Carbons recently acquired Columbian Chemicals, an American-based carbon black producer. This move allowed it to become the largest manufacturer in the world. This acquisition strengthened the financial position of the company. The following are some of the most prominent players in specialty carbon black market:

• Cabot Corp.

• Birla Carbon

• Tokai Carbon Co. Ltd.

• Continental Carbon Company

• Omsk Carbon Group

Up Market Research published a new report titled “Specialty Carbon Black Market research report which is segmented by Grade (Conductive, Fiber, Food Contact), By Players/Companies Birla Carbon, Tokai Carbon Co Ltd, Omsk Carbon Group, Cabot Corp, Continental Carbon Company”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

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.

Global Specialty Carbon Black Market Report Segments:

The market is segmented by Grade (Conductive, Fiber, Food Contact).

Specialty 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:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Specialty Carbon Black Market

Overview of the regional outlook of the Specialty Carbon Black Market:

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.

Highlights of The Specialty Carbon Black Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Specialty Carbon Black Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Conductive

                2. Fiber

                3. Food Contact

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Specialty 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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• Correctly Positioning New Products
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Reasons to Purchase the Specialty Carbon Black Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.