What Are The Growth Factor Of Specialty Carbon Black Market?
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Among various regions in the market, Asia Pacific promises tremendous growth for players in the carbon specialty black market. Asia Pacific is witnessing a major increase in auto sales, especially from emerging countries of India and China. The global slowdown has affected sales in recent times, particularly in India. However, the automotive sales are expected to emerge strong with growing investment in infrastructure, rising disposable incomes, and horizons of electric vehicles.
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Environment Legislations to Increase Costs in the Coming Future
The carbon specialty black products are facing increased environmental control due to their potential to the environment. This is resulting in increased costs and manufacturers in various regions are estimating future costs in lieu of the stringent regulations. For example, Tokai, a carbon black manufacturer has added 3 cents per pound environmental surcharge on its products in recent times. Additionally, companies like Orion Engineered Carbons has also added 1.5 cents per pound to its products. This rising trend is expected to drive shifts in pricing and push costs upwards. However, rising demand and relatively low costs of compliance are expected to drive robust growth, despite the upward pricing trend.
High Volume of Sales to Continue with Manufacturing Expansion
The specialty carbon black market has witnessed tremendous growth in recent years. The coating for automotives has been a boon for players in the market, and with the rise of EVs and increased opportunities in the sector, the demand and production volume is expected to rise considerably. For example, Himadri Specialty Chemical announced a new plant expansion in India along with its existing production facility in West Bengal, India. Additionally, in 2018, nearly $2 billion sales with 1,000 kilto tons of volume was recorded in the market. Orion Engineered Carbons, another manufacturing giant has also announced production expansion with new facilities in Italy. The rising opportunities, increased applications, and increased innovation are likely to drive significant opportunities for players in the specialty carbon black market.
Global Specialty Carbon Black Market by Form
Global Specialty Carbon Black Market by Application
Conductive and Electrostatic Dissipative (ESD)
Wires & Cables
Other Conductive Applications
Others (Including Lead–Acid Battery and Zinc–Carbon Battery)
Paints & Coatings
Inks & Toners
Others (Including Rubber)
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Global Specialty Carbon Black Market by Region
Russia & CIS
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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