Carbon Black Market Report 2019-2026 Overview & Development By - Top Key Players Thai Carbon Black Public Company Limited, Cabot Corporation, Orion Engineered Carbons S.A. , Phillips Carbon Black Limited , Toray Industries, Tokai Carbon Co., Ltd. , OMSK C

The global carbon black market was valued at USD 11.67 billion in 2016 and is projected to reach USD 17.35 billion by 2025, growing at a CAGR of 4.5% from 2017 to 2025. Carbon black is manufactured by incomplete combustion of heavy petroleum products such as coal tar, FCC tar, and ethylene cracking tar and in small quantities from vegetable oil. Their ability to spread on the surface and provide the much needed strength is expected to boost its application in tire and rubber applications.

Key players operating in the recovered carbon black market include, DVA Renewable Energy JSC, Klean Industries, Delta-Energy Group, Pyrolyx, Black Bear Carbon, Scandinavian Enviro Systems AB, Bolder Industries, Radhe Group of Energy, Alpha Carbone, Integrated Resource Recovery, DRON Industries, Enrestec, and SR2O Holdings.

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Increasing production of plastics and rubber products is a major driving factor for growth of the global recovered carbon black market. Recovered carbon black is widely used in the non-tire rubber industry as a reinforcing agent in the production of several non-tire rubber products such as hoses, conveyor belts, seals, gaskets, geo-membranes, rubber sheets, and rubber roofing. Recovered carbon black enhances the strength of rubber as it contains low ash percentage. According to The Food and Agriculture Organization Corporate Statistical Database, natural rubber production in China increased from 690,812 tons in 2010 to 817,366 tons in 2017. Therefore, significant increase in rubber production is expected to boost the market growth over the forecast period.

Regional Key Insights:
Asia Pacific holds dominant position in the market for recovered carbon black and also is the fastest growing market, owing to increasing demand for sustainable and environment-friendly products in the automobile and tire industry. According to India Brand Equity Foundation, Indian automotive industry is expected to reach US$ 282.9 million by 2026 from US$ 251.4 million in 2018. Therefore, significant growth in the automotive industry is expected to boost the market growth in the region over the forecast period.

On the basis of application, the global recovered carbon black market is segmented into:
Coatings
Inks
Tire
Plastics
Non- tire Rubber

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Mr. Shah
Worldwide Market Reports
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