What's driving the Carbon Black Market Share?

The Global Carbon Black Market is expected to grow steadily during the forecast time span. Carbon black primarily contains over 95% of pure carbon along with oxygen, nitrogen and hydrogen, and these particles usually range from 10 nm to 500 nm in terms of size. It is produced by partial combustion or thermal decomposition of liquid or gaseous hydrocarbons under organized conditions.

Carbon black market will be driven by thriving tire industry which is boosted by rising automobile sales. The automobile sales will continue to remain on higher side due to increasing population and higher disposable income levels. Such trends along with supportive investments will propel the tire industry, thereby bolstering the carbon black market in near future. Rising global rubber production will positively influence the production of rubber goods. According to Malaysian Rubber Board, worldwide rubber production has increased by approximately 21% from 2010 to 2017. Such growth trends will boost the rubber goods industry in future, and this in turn will spur the growth of carbon black market.

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Large scale investments in construction industry is another key factor contributing to the market growth all over the world. The positive outlook of construction industry will bolster the paints and coatings market. The global coatings market witnessed growth by around 4% in 2017 and such growth trends will remain solid in future. These factors will trigger the carbon black market within the forecast period.

The market growth will be affected by carcinogenic content present in carbon black. It poses risk of lung cancer and respiratory discomfort due to high concentration exposures. The other factor hindering its market growth is the availability of substitutes such as silica and food waste. The usage of food waste significantly reduces the environmental concerns.

Based on type, carbon black is classified into furnace black, thermal black, acetylene black, lamp black and channel black. Furnace black is produced by partial combustion of petroleum oil or coal oil in refractory chambers. Thermal black is produced by decomposition of hydrocarbons in heated refractories in absence of air. Acetylene black is produced by thermal decomposition of acetylene gas in refractory chambers without any involvement of air. Lamp black is produced by soot collection obtained from fumes of pine wood or burning oils. Channel black is produced by combining partially combusted fuel with channel steel.

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Based on application, the market is segmented into tires and rubber goods, coatings, polymers, printing, and electronics. In tire, carbon black is used as a reinforcing agent in various components such as inner liners, sidewalls and treads. Moreover, it is used in membrane roofing, industrial rubber goods, automotive rubber parts including sealing systems, anti-vibration parts and hoses, and general rubber goods including belts, gaskets, seals and hoses.

It is used as a pigment in coatings and plastic manufacturing, while enhancing the performance of materials in terms of viscosity, conductivity, static charge control and UV protection. It is used in electronic equipment such as display components, OA rolls and magnetic recording materials for provision of stable resistance.

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Some of the key players in carbon black market are Orion Engineered Carbons, Birla Carbon, Cabot Corporation, Philips Carbon Black Ltd., Tokai Carbon Co., Ltd., Continental Carbon Company, Black Bear Carbon B.V., Longxing Chemical Group, Shandong Huadong Rubber Materials Co., Ltd., Nippon Steel & Sumikin Chemical Co., Ltd., Mitsubishi Chemical Corporation, OMSK Carbon Group, and Imerys Graphite & Carbon Switzerland SA.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.