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Specialty Carbon Black Market to Register Robust 4.5% CAGR during 2018-2027
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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
Granules
Powder
Global Specialty Carbon Black Market by Application
Plastics
Conductive and Electrostatic Dissipative (ESD)
Wires & Cables
Other Conductive Applications
Battery Electrodes
Lithium-ion Battery
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
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Russia & CIS
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
South Korea
Australia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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