Regional Analysis of Carbon Black Market Demand and and Forecast by 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.

𝐕𝐢𝐞𝐰 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/pressrelease/carbon-black-market.htm

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.

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.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1491

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.

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.

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

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.

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.

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

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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.

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Nikhil Sawlani
Transparency Market Research Inc.
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