Carbon Black Market

Introduction of Carbon Black Market Report

Carbon black is a form of paracrystalline carbon, containing 95% of pure carbon. It improves the mechanical and physical properties of the material, which makes the end product more useful. Carbon black is prominently used in manufacturing tires, mechanical rubber goods, plastics, toners, and printing inks. It absorbs UV light and converts it into heat which is used in insulating wires and cables. It is used in tires as a cost-effective rubber reinforcing agent.

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The key factor driving the growth of the global carbon black market is the growing tire industry and automobile industry. In recent years, the demand for personal vehicles has increased owing to the rising population and higher disposable incomes. Carbon black helps to enhance the longevity and strength of tires by offering better tensile strength and abrasion resistance. Furthermore, the rising manufacturing and construction sectors are increasing the utilization of industrial rubber and equipment. The production of rubber is expanding to cater to the high demand for rubber goods. These factors substantially influence the growth of the global carbon black market. Moreover, carbon black is highly used in the manufacturing of plastics. The growing use of plastics in electronic and electrical components is significantly increasing the demand for plastics. This factor is likely to boost the growth of the global carbon black market. On the contrary, the rise in the use of silica as a substitute, fluctuations in raw material prices, and growing environmental concerns associated with the manufacturing of carbon black might restrain the growth of the global carbon black market.

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Based on the process, the market is segmented into thermal-oxidative processes and thermal decomposition processes. The furnace black segment, a sub-segment of thermal-oxidative process is anticipated to witness a faster CAGR over the forecast period. This is mainly due to the increase in the use of furnace black process for rubber reinforcement. The furnace black process is also used for the production of color pigments in cosmetics, which increases the preference for this process. All these factors are responsible for the growth of the furnace black segment in the global carbon black market.

Based on the grade, the market is segmented into specialty grade and conductive grade. The specialty grade segment is expected to grow at a higher CAGR over the forecast period. This grade is high-end refined carbon black manufactured from channel black, lamp black, furnace black, and acetylene black process. There has been a rise in the use of specialty carbon blacks in UV stabilizing, conductive agents, and pigmenting. These factors are likely to bolster the growth of the specialty grade segment in the growth of the global carbon black market.

Based on the application, the market is segmented into tires, coatings, plastics, cosmetics, electronics, printing inks, toners, and others. The tires segment is projected to grow at a higher CAGR during the forecast period. The demand for vehicles is increasing across the globe with the growing population. Carbon dark is mostly used as a reinforcing phase and pigment in vehicle tires. Carbon black allows to conduct away the heat from the tread and belt area of the tire, reduces thermal damage, and increases the service life of tires. These factors play a significant role in driving the growth of the tires segment in the global carbon black market.

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Based on the region, Asia-Pacific is expected to dominate the market over the forecast period. This is attributed to the increase in the tire and construction industry. Developing economies, such as India and China, are increasingly investing in the development of residential and commercial buildings. In addition, the rise in the demand for personal vehicles is further increasing the paints & coatings industry as well as the tire and rubber goods industry. All these factors are significantly propelling the growth of the carbon black market in Asia-Pacific.

Various notable players operating in the market include Dow, BASF SE, Nouryon, Mitsubishi Chemical Holdings Corporation, Asahi Carbon Co., Ltd., DCL Corporation, Phillips Carbon Black Limited, Birla Carbon, SABIC, and Cabot Corporation, among others. 

Key Developments:

• • In 2019, BASF SE launched an innovative series of high-performance and reactive dispersing agents Efka PX 4780, Efka PX 4785, and Efka PX 4787 for solvent-based and 100% systems. These dispersing agents offer superior dispersing efficiency and enhanced gloss and exceptional jetness with carbon black pigments.
  • In 2019, Birla Carbon added a new product to its family of Raven carbon black products. This new solution is called Raven 5100 Ultra, has helped the customers to achieve unseen jetness levels in waterborne systems, enhanced formulation costs, and excellent performance.

The global carbon black market has been segmented on the basis of process, grade, application, and regions. Based on process, the market is segmented into thermal-oxidative processes and thermal decomposition processes. The thermal-oxidative processes segment is further segmented into furnace black, Degussa gas black, lamp black, and channel black. The thermal decomposition processes segment is further segmented into thermal black and acetylene black. Based on grade, the market is segmented into specialty grade and conductive grade. Based on application, the market is segmented into tires, coatings, plastics, cosmetics, electronics, printing inks, toners, and others. 

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Key questions answered in this research report:

• • At what pace is global carbon black market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in carbon black market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global carbon black market?
  • Which process generated maximum revenues in 2019 and identify the most promising process during the forecast period?
  • What are the various grade areas of global carbon black market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Carbon Black Market by Process

• • Thermal-Oxidative Processes
    • Furnace Black
    • Channel Black
    • Degussa Gas Black
    • Lamp Black
  • Thermal Decomposition Processes
    • Acetylene Black
    • Thermal Black

Global Carbon Black Market by Grade

• • Specialty Grade
  • Conductive Grade

Global Carbon Black Market by Application

• • Tires
  • Coatings
  • Plastics
  • Printing Inks
  • Toners
  • Cosmetics
  • Electronics
  • Others

Global Carbon Black Market by Region

• • North America Carbon Black Market (Option 1: As a part of the free 25% customization)
    • North America Market by Process
    • North America Market by Grade
    • North America Market by Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Carbon Black Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Process
    • Europe Market by Grade
    • Europe Market by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Carbon Black Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Process
    • Asia-Pacific Market by Grade
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Carbon Black Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Process
    • RoW Market by Grade
    • RoW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Carbon Black (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Dow
  • BASF SE
  • Nouryon
  • Mitsubishi Chemical Holdings Corporation
  • Asahi Carbon Co., Ltd.
  • DCL Corporation
  • Phillips Carbon Black Limited
  • Birla Carbon
  • SABIC
  • Cabot Corporation