Carbon Black Market Expected to Expand at a Steady CAGR of 4.5% through 2031

Carbon Black Market: Introduction
Transparency Market Research delivers key insights on the global carbon black market. In terms of revenue, the global carbon black market is estimated to expand at a CAGR of 4.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global carbon black market.

Read report Overview:

https://www.transparencymarketresearch.com/carbon-black-market.html

The global carbon black market is broadly affected by several factors, including rise in usage of carbon black in the tire industry. Rise in demand for carbon black in the automobile industry is propelling the global carbon black market.

Request For Sample :

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1491

Carbon Black Market: Dynamics

Global car sales increased by 4% in 2021, with China being the largest single-country new car market and India the fastest-growing major global vehicle market. China remained the largest and best-performing major single-country car market in the world with sales up 6.6% to more than 21 million vehicles in 2021.

The carbon black market is majorly dependent on the automobile industry, as carbon black is mainly used to reinforce rubber in tires. Carbon black can make up about 30% of the weight of a tire. Carbon black is used in automotive rubber parts such as sealing systems, hoses, anti-vibration parts, and engine mounts. Growth in automobile industry has a positive impact on the carbon black market.

Request for Customization:

https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1491

Majority of carbon black feedstock is a byproduct of the crude oil refining process. Volatility in crude oil prices is one of the major restraining factors for carbon black manufacturers. Majority of carbon black basic ingredients are petroleum-based, making them susceptible to price swings in crude oil. The price of raw materials used in carbon black is directly affected by the price of crude oil.
Manufacturers are witnessing volatility and high prices of raw material, which hinders revenues. Businesses need to increase efficiency and productivity of their operations in order to maintain growth and market share.

Carbon Black Market: Prominent Regions
Based on region, the global carbon black market has been divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific accounted for major share of the global carbon black market in 2020. China held a significant share of the carbon black market in Asia Pacific in 2020. The trend is likely to continue during the forecast period. However, the current environmental crackdown in China raises serious concerns about capacity and future additions.

The carbon black market in Europe is anticipated to expand at a substantial pace during the forecast period. Larger size of end-use industries in Germany and France is expected to augment the market in the region during the forecast period. Expansion of the tire industry in Europe is expected to drive the carbon black market in the region in the next few years.

Enquiry Before Buying:

https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1491

Carbon Black Market: Key Players

The global carbon black market is fragmented, with the presence of large numbers of players. Major players operating in the global carbon black market are Orion Engineered Carbon, Birla Carbon, Cabot Corporation, Phillips Carbon Black Limited, Tokai Carbon Co Ltd., ASAHI CARBON CO., LTD., Mitsubishi Chemical Corporation, Abu Dhabi National Oil Company (ADNOC), Nippon Steel Chemical & Material, OCI Company Ltd, Shandong Huadong Rubber Types Co., Ltd, Himadri Speciality Chemical Ltd, and OMSK Carbon Group.

Global Carbon Black Market: Segmentation

Carbon Black Market, by Grade
• Standard
• Specialty
Carbon Black Market, by Type
• Furnace Black
• Lamp Black
• Thermal Black
• Acetylene Black
Carbon Black Market, by Application
• Rubber Reinforcement
• Paints & Coatings
• Plastics
• Battery Electrodes
• Inks & Toners
• Others
Carbon Black Market, by Region
• North America
o U.S.
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Russia & CIS
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o ASEAN
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• Middle East & Africa
o GCC Countries
o South Africa
o Rest of Middle East & Africa

Get Trending Report:

Waterproofing Membranes Market

https://www.transparencymarketresearch.com/waterproofing-membrane-market.html

Medical Plastics Market

https://www.transparencymarketresearch.com/medical-plastics-market.html

Adjuvants Market

https://www.transparencymarketresearch.com/adjuvants-market.html

Carbon Fiber Market

https://www.transparencymarketresearch.com/carbon-fiber-market.html

Ferroalloys Market

https://www.transparencymarketresearch.com/ferroalloy-market.html

About Us
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

This release was published on openPR.