Carbon Black Market Share, Size, Price, Outlook, Top Manufacturers, Industry Analysis, and Report 2022-2027

The latest report by IMARC Group, titled "Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the global carbon black market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global carbon black market reached a value of US$ 15.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.8 Billion by 2027, exhibiting at a CAGR of 5.56% during 2022-2027.

Carbon black is a para-crystalline compound that is produced by the incomplete combustion of petroleum products, such as coal tar, natural gas, and petroleum oil. It is characterized by a fine black powder composed of elemental carbon, which is obtained by pyrolysis of low-value oil residues and partial burning at high temperatures under controlled process conditions. It provides a high yield and substantial control over the particle structure and size of the output, making it ideal for mass production. It is produced in numerous types, including carbon black furnace, channel, thermal, and acetylene black, that is widely used in the manufacturing of tires, plastics, mechanical rubber goods, printing inks, toners and a broad range of rubber products and pigments.

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Global Carbon Black Market Trends:

The expanding automotive industry is driving the global market. Coupled with this, the wide adoption of carbon black across construction and manufacturing sectors is catalyzing the demand across the globe. Moreover, the continuous development of new technologies, such as the use of carbon black in lithium-ion batteries and in 3D printing, is creating a positive market outlook. Apart from this, the rising government regulations and initiatives to reduce carbon emissions are providing a boost to the demand for carbon black worldwide. Furthermore, the wide utilization of carbon black in the paints and coatings industry, in jet black paints which act as a protective coating to various products, is acting as another growth-inducing factor. The market is further driven by other factors, such as growing utilization in the healthcare sector and rapid industrialization.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/carbon-black-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.

Some of these key players include:

• Cabot Corporation (NYSE: CBT)
• Thai Carbon Black Public Company Limited (Birla Carbon) (BKK: BCT)
• Orion Engineered Carbons GmbH
• Phillips Carbon Black Limited (NSE: PCBL)
• TOKAI CARBON CO., LTD.
• Omsk Carbon Group OOO
• Jiangxi Blackcat Carbon Black Inc., Ltd.
• OCI COMPANY Ltd.
• China Synthetic Rubber Corporation
• SID Richardson Carbon & Energy Co.

Key Market Segmentation:

Breakup by Application:

• Tire
• Non-Tire Rubber
• Plastics
• Inks and Coatings
• Others

Breakup by Grade:

• Standard Grade
• Specialty Grade

Breakup by Type:

• Furnace Black
• Channel Black
• Thermal Black
• Acetylene Black
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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This release was published on openPR.