Carbon Black Market Scenario Highlighting Key Drivers & Latest Trends 2019 - 2026

Increased penetration of carbon black in the automotive industry and surge in demand from the cosmetic market drive the growth of the global carbon black market. The market across Asia-Pacific garnered the largest share in 2018, contributing to three-fifths of the market and is expected to register the fastest CAGR of 4.0% during the forecast period.

A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.

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As per the report published by Allied Market Research, the global carbon black market was pegged at $17.50 billion in 2018, and is anticipated to hit $23.0 billion by 2026, registering a CAGR of 3.5% from 2019-2026.

The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.

The global carbon black market is segmented on the basis of process, grade, application, and geography. Based on process, the market is divided into furnace black, channel, acetylene black, and lampblack. The furnace black segment is expected to register the fastest CAGR of 4.2% during the forecast period. However, the segment held the largest share in 2018, accounting for nearly half of the market.

The Carbon black market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

Carbon Black Companies Covered Market:- SABIC, Asahi Carbon Co., Ltd., Cabot Corporation, Dow Inc., Birla Carbon Public Company Limited, Nouryon, Mitsubishi Chemical Holdings, Dominion Colour Corporation, Phillips Carbon Black Limited and Other.

On the basis of grade, the market is categorized into specialty and conductive. The specialty grade segment is anticipated to portray the highest CAGR of 3.6% during the forecast period. Moreover, the segment dominated the market in 2018, accounting for more than four-fifths of the market.

Analysis of COVID-19 impact:

The outbreak of the pandemic has had a massive impact on the majority of industries and the Carbon black market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Carbon black market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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