Growing Construction Industry to Push the Global Carbon Black Market to Gain $16.11 billion by the year 2028

According to an analysis by Triton Market Research, the global carbon black market, which was valued at $11.96 billion in the year 2019, is expected to display a CAGR of 3.36% by 2028.

A study by Triton Market Research with the title ‘Global Carbon Black Market,’ covers the Global Analysis and Forecast for 2019-2028 by Application (Plastic, Tire & Industrial Rubber, Toner & Printing Ink, Textile Fiber, Paints & Coatings, Other Applications), by Process Type (Gas Black, Lamp Black, Furnace Black, Thermal Black), and by Geographical Region (Asia-Pacific, Latin America, North America, Middle East and Africa, Europe).

Request Free Sample of the Global Carbon Black Market Report @ https://www.tritonmarketresearch.com/reports/carbon-black-market#request-free-sample

As per the report, the global carbon black market is anticipated to generate $16.11 billion in revenue by the year 2028. It is likely to grow at a CAGR of 3.36% during the forthcoming period (2019-2028).

Carbon black is produced by the incomplete combustion of hydrocarbons. It is majorly used as an additive in the concrete, which is used in the construction industry.

The booming construction industry is majorly driving the growth of the global carbon black market. It is used in industrial coatings, architectural coatings, cement and concrete pigmentation in the construction industry. With the growth of these activities across the world, the demand for carbon black is also witnessing an upsurge. However, harsh environmental effects due to the release of sulfur dioxide and nitrogen oxide during the carbon black production are impeding the growth of the global market.

The carbon black market is segmented into two parts, application and process type. The first segment, application, includes plastic, tire & industrial rubber, toner & printing ink, textile fiber, paints & coatings and other applications. The second segment, process type, is divided into gas black, lamp black, furnace black and thermal black.

Considering the geographical landscape, the Asia-Pacific is estimated to show the fastest growth in the global carbon black market over the projected period. The region is also predicted to be the largest market for carbon black, globally, in the forthcoming years. The market is primarily driven by the increasing demand from the construction industry in the region. In South Korea, the construction market is witnessing strong growth, due to the market-oriented government policies, a stable business environment and effective urban planning. The government is focused on the development of infrastructural and residential construction. This is also leading to an increased demand for paints & coatings and plastics from the construction sector. The increasing use of carbon black for application in paints & coatings and plastics is boosting the growth of the regional market.

A few eminent names in the carbon black market are Orion Engineered Carbons GmbH, Omsk Carbon Group, Imerys, Asahi Carbon Co Ltd, NNPC (Nigerian National Petroleum Corporation), Mitsubishi Chemical Holdings Corporation, Cabot Corporation, Birla Carbon, OCI Company Ltd, Atlas Organics Private Limited and Tokai Carbon Co Ltd, Abu Dhabi National Oil Company, Philips Carbon Black Limited, Himadri Chemicals Ltd and Jiangxi Black Cat Carbon Black Co Ltd.

Purchase this Report @ https://www.tritonmarketresearch.com/reports/carbon-black-market#purchase-option

Question & Answer: Carbon Black Market

Question 1: Which factor is majorly driving the growth of the carbon black market?
Answer: The booming construction industry is majorly driving the growth of the global carbon black market. It is used in industrial coatings, architectural coatings, cement and concrete pigmentation in the construction industry. With the growth of these activities across the world, the demand for carbon black is also witnessing an upsurge.

Question 2: What factor is impeding the growth of the global carbon black market?
Answer: Harsh environmental effects due to the release of sulfur dioxide and nitrogen oxide during the carbon black production are impeding the growth of the global carbon black market.

Question 3: How is Asia-Pacific affecting the carbon black market outlook?
Answer: Considering the geographical landscape, the Asia-Pacific is estimated to show the fastest growth in the global carbon black market over the projected period. The region is also predicted to be the largest market for carbon black, globally, in the forthcoming years. The market is primarily driven by the increasing demand from the construction industry in the region.

In South Korea, the construction market is witnessing strong growth, due to the market-oriented government policies, a stable business environment and effective urban planning. The government is focused on the development of infrastructural and residential construction. This is also leading to an increased demand for paints & coatings and plastics from the construction sector. The increasing use of carbon black for application in paints & coatings and plastics is boosting the growth of the regional market.

Question 4: Which are the eminent names in the carbon black market?
Answer: A few eminent names in the carbon black market are Orion Engineered Carbons GmbH, Omsk Carbon Group, Imerys, Asahi Carbon Co Ltd, NNPC (Nigerian National Petroleum Corporation), Mitsubishi Chemical Holdings Corporation, Cabot Corporation, Birla Carbon, OCI Company Ltd, Atlas Organics Private Limited and Tokai Carbon Co Ltd, Abu Dhabi National Oil Company, Philips Carbon Black Limited, Himadri Chemicals Ltd and Jiangxi Black Cat Carbon Black Co Ltd.

Related Report:
Global Automotive Polycarbonate Glazing Market

The Global Automotive Polycarbonate Glazing Market is likely to generate $3252.36 million by the year 2027, displaying a CAGR of 7.82% over the projected years 2019-2027.

Globally, there is an increase in the demand for lightweight glazing materials in the automotive industry. This is expected to fuel the growth of the automotive polycarbonate glazing market in the upcoming years. As automotive manufacturers are becoming aware of the advantages of these glazing materials, they are increasingly focused on the adoption of lightweight materials in the automobile manufacturing sector. Lightweight materials also help in achieving energy efficiency in automobiles.

Rapid technological advancements in the automobile industry are replacing conventional glass materials by high-performance materials like polycarbonates, which are lighter in weight than the glass materials. The usage of polycarbonates for automotive component manufacturing has reduced the overall weight of automobiles by a considerable margin. Besides, the automotive industry has been experiencing a growing trend towards low-weight automobiles to enhance fuel efficiency. Automotive polycarbonate glazing has become a vital part of this new trend. This is likely to aid the growth of the studied market.

Triton Market Research
196, wards wharf approach
London E16 2EQ
Phone: +44 7441 911839
Email: sales@tritonmarketresearch.com
Website: https://www.tritonmarketresearch.com/

We are a leading market research company with offices in the UK, providing the best online market research and data search reports to our clients.

This release was published on openPR.