The Carbon Black Market Perspective, Comprehensive Analysis along with Major Segments and Forecast, 2020-2025. The Carbon Black market report is a valuable source of data for business strategists. The process for developing an updated forecast and creating the market report involves the compilation and analysis of all derivative or application sectors with a country-wise analysis of demand trends, taking into account the economic, political, and legislative environment. We have taken a holistic approach to formulate and develop a clear market model for accurate market numbers. This Carbon Black Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
Top Companies in the Global Carbon Black Market
Aditya Birla, Longxing Chemical, Cabot Corporation (NYSE: CBT), Black Cat Carbon Black, China Synthetic Rubber Corporation (CSRC), Orion Engineered Carbonss, Phillips Carbon Black Limited (NSE: PHILIPCARB.NS), Tokai Carbon Co., Ltd. (OTCMKTS: TKCBF) Co., Ltd., Sid Richardson, Omsk, HUADONG RUBBER MATERIAL, DAGUANGMING GROUP, JINNENG, BAOHUA, among others.
According to this study, over the next five years, the Carbon Black market will register a 4.8% CAGR in terms of revenue, the global market size will reach $ 17260 million by 2025, from $ 14310 million in 2019.
Carbon black is a kind of amorphous powder with a large specific area. It can be obtained from the incomplete combustion of organics such as natural gas, acetylene, and coal tar. Carbon black is mainly used as reinforcing filler in tires and other rubber products. To be used in the plastics, paints, and inks industry, carbon black can also act as a color pigment.
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As Chinese overall economic downward trend in the past few years and the international economic situation is complicated, in the next few years there will be many uncertainties, and coupled with the Carbon Black industry in oversupply on the market in the past few years, too many companies have entered into Carbon Black industry. Thus, though the current demand for Carbon Black is high and growing up, the supply is still beyond requirement in the Chinese market.
The tires and industrial rubber products application is the largest application segment of the carbon black market with more than 80% of the market share. Carbon black is used in the tires of automotive vehicles. It is used as a filler as well as a strengthening reinforcing agent. Carbon black is one of the reinforces that is frequently used in the tire industry owing to its effect on the mechanical and dynamic properties of tires. It is used in various formulations with different rubber types to customize the performance properties of tires. Global tire production in 2019 is estimated to reach 255 million units, which is a 5% increase from 2018 (where it posted a growth of 6% from 2017). It is anticipated to grow at a CAGR of 2-3% over the forecast period.
China contributes nearly 43 % of the global carbon black production, with a volume of almost 5.7 million tons. China is also the global largest exporter of carbon black. The primary carbon black feedstock is coal tar and other carbon black feedstocks include slurry oil & ethylene tar. The country’s total annual capacity reached 7.5 million tons in 2018. Carbon black prices in China have surged in the recent past, due to a supply shortage amid massive plant shutdowns caused by the Chinese governments intensifying environmental protection campaign. China’s tire production and sales volume recorded continuous drops in the past two years, owing to the negative trends in the local automotive industry. Even the first three quarters of 2019, saw a sharper year-on-year decline.
The Carbon Black market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Carbon Black Market based on Types are:
Based on Application, the Global Carbon Black Market is Segmented into:
Other Rubber Prouducts
Ink and Coating
Regions Are covered By Carbon Black Market Report 2020 To 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
The report has 150 tables and figures browse the report description and TOC
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of the Carbon Black Market
-Changing Carbon Black market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current, and projected Carbon Black market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Carbon Black Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
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