The latest report by IMARC Group, titled “Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global carbon black market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Carbon Black Industry Growth Analysis & Future Forecast:
The global carbon black market size reached a value of US$ 15.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.8 Billion by 2027, exhibiting at a CAGR of 5.56% during 2022-2027.
Carbon black refers to elemental carbon that is derived by partial decomposition or combustion of hydrocarbons, including oil and natural gas, under controlled pressure and temperature. It can be segmented into several product types, such as furnace black, channel black, thermal black, acetylene black, etc. These carbon black variants mainly consist of carbon and small amounts of sulfur, hydrogen, oxygen, and nitrogen. They are used as strengthening agents and fillers in tires and various rubber products and even act as UV stabilizers and pigment and wear protection additives in inks, paints, and plastics. Consequently, carbon black materials find widespread applications across numerous sectors, including tires, plastics, paints and coatings, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Carbon Black Market Trends:
The growing automobile industry and the elevating need for an effective material to reinforce the inner liners, sidewalls, and treads of tires for enhancing their resilience and longevity are primarily driving the carbon black market. Furthermore, the rising product utilization in the production of extruded and molded industrial rubber products that include gaskets, air springs, belts, hoses, grommets, etc., is also positively influencing the global market. In addition to this, the expanding construction and manufacturing segments that are extensively using industrial rubber and other related equipment are acting as significant growth-inducing factors.
In line with this, the escalating usage of the product with cement to improve the surface hardness, uniformity, and compressive and tensile strength of buildings is further catalyzing the market growth. Moreover, the increasing demand from the paints and coatings industry to manufacture jet black paints that act as a protective coating for multiple products is expected to bolster the carbon black market in the coming years.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Cabot Corporation (NYSE: CBT)
- Thai Carbon Black Public Company Limited (Birla Carbon) (BKK: BCT)
- Orion Engineered Carbons GmbH
- Phillips Carbon Black Limited (NSE: PCBL)
- TOKAI CARBON CO., LTD.
- Omsk Carbon Group OOO
- Jiangxi Blackcat Carbon Black Inc., Ltd.
- OCI COMPANY Ltd.
- China Synthetic Rubber Corporation
- SID Richardson Carbon & Energy Co.
Key Market Segmentation Breakup by:
Application:
- Tire
- Non-Tire Rubber
- Plastics
- Inks and Coatings
- Others
Grade:
- Standard Grade
- Specialty Grade
Type:
- Furnace Black
- Channel Black
- Thermal Black
- Acetylene Black
- Others
Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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