Carbon Black Market Size, Top Global Key Players Analysis till 2023 - Cabot Corporation, Aditya Birla Group, Tokai Carbon Co. Ltd.

Market Overview:

Carbon black is composed of fine particles produced by thermal decomposition of oils or gases. The particle size, shape and structure decide the characteristics of carbon black. It has excellent mechanical properties and abrasion resistance. Owing to these features, it is used in various applications such as polymers, inks and paints, tires, electrical & electronics, and others. Moreover, it is predicted that the global market is set to expand at a higher rate during the forecast period.

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Major Key Players:
The Major Players operating in the Carbon Black Market are:

• Cabot Corporation (U.S.),
• Thai Carbon Black Public Company Limited (Thailand),
• Orion Engineered Carbons SA (Luxembourg),
• Jiangxi Black Cat Carbon Black Inc., Ltd. (China),
• China Synthetic Rubber Corporation (China),
• Phillips Carbon Black Limited (India),
• Tokai Carbon Co., Ltd. (Japan),
• Mitsubishi Chemical Corporation (Japan),
• Aditya Birla Group (India)

Market Segmentation:
The Global Carbon Black Market is categorized on the basis of Type, Application, Grade:

On The Basis Of Type:
• Furnace Black,
• Thermal Black,
• Acetylene Black
• Lampblack
On The Basis Of Application:
• Polymers,
• Inks and Paints,
• Tires,
• Electrical & Electronics,
• Automotive,
• Aviation
On The Basis Of Grade:
• Standard
• Quality

Regional Analysis:
Geographically, Carbon Black Market is segmented across Five Regions in the world namely:

• Asia Pacific,
• North America,
• Europe,
• Latin America,
• Middle East & Africa

Asia Pacific is estimated to hold the major share in the market during the forecast period due to its growing consumption of carbon black in major industries such as inks & paints, electrical & electronics, and others. The European region is predicted to witness a rapid growth in the market due to growing usage of the furnace black in the rubber and tires industries. The carbon black market is predicted to observe a significant growth due to its growing popularity of thermal black segment in the polymer industry. The Middle East & Africa is estimated to observe a rapid growth in the market due to its increasing consumption of acetylene black in electrical & electronics industries. A significant growth is predicted in the Latin American region due to growing production of carbon black for aviation, automotive, electrical & electronics industries.

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