Carbon Black Market: Expeditious Growth Expected in Coming Years | Dominion Colour Corporation., Phillips Carbon Black Limited

The global carbon black market is experiencing significant growth, primarily driven by increased utilization in the automotive sector and rising demand from the cosmetic industry. In 2018, the market was valued at $17.50 billion and is projected to reach $23.0 billion by 2026, achieving a compound annual growth rate (CAGR) of 3.5% from 2019 to 2026, according to a report by Allied Market Research.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/5554

Key Growth Drivers

Automotive Industry Demand: Carbon black plays a crucial role in enhancing the durability and performance of automotive tires and components, contributing significantly to market expansion.

Cosmetics Industry Growth: The rising popularity of carbon black in cosmetics, particularly in products like eyeliners and mascaras, is further fueling demand.

Market Challenges

Despite the growth potential, the market faces challenges due to:

Stringent Regulations: Increasingly strict regulations regarding the use of carbon black may hinder market growth.
However, the demand for sustainable and eco-friendly alternatives presents new opportunities for innovation and market expansion in the coming years.

Market Segmentation

The global carbon black market is categorized based on process, grade, application, and geography:

Process:

Furnace Black: This segment accounted for nearly half of the market share in 2018 and is expected to grow at the fastest CAGR of 4.2% during the forecast period.

- Channel Black
- Acetylene Black
- Lampblack
- Grade:

Specialty Grade: Anticipated to exhibit the highest CAGR of 3.6% and held over 80% of the market share in 2018.
Conductive Grade

Application:

- Tires
- Coatings
- Plastics
- Printing Inks
- Toners

Regional Insights

Asia-Pacific emerged as the dominant region in 2018, accounting for 60% of the market share and expected to register the highest CAGR of 4.0% during the forecast period.

Major Market Players

The report includes an in-depth analysis of key market players, such as:

- 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
- BASF SE

Conclusion

The global carbon black market is poised for substantial growth driven by diverse applications and increased demand in various industries. While challenges exist, the potential for innovation in sustainable alternatives will likely shape the future of this market. For further insights, consider requesting a report sample or purchase inquiry through the links provided.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/carbon-black-market

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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