Asia Pacific To Remain Leading Carbon Black Market Owing To Rapid Growth Of Automotive Sector

The report, titled “Global Carbon Black Market (By Type, By Process, By Application, By Region): Opportunities And Forecasts (2016-2021) By Type (Commodity Carbon Black And Specialty Carbon Black); By Process (Furnace, Acetylene, Thermal And Lampblack); By Application (Tire And Industrial Rubber Products, Plastics And Textiles, Paint And Coatings, Toner And Printing Ink); By Region (APAC, North America, Europe And ROW); By Country (China, India, Japan, US, Germany, U.K, Brazil, Saudi Arabia),” provides an in-depth analysis of the global carbon black market. As per the findings of the report, the market is estimated to expand at a CAGR of 8.42% from 2016 to 2021.

The increasing demand for carbon black for the manufacturing of tire, industrial rubber compounds, and lightweight auto parts to improve UV protection and conductivity properties is positively impacting the dynamics of the market. Moreover, the emerging shift to specialized grade carbon black from commodity carbon black is likely to augur well for the growth of the market. On the other hand, volatility of prices of raw materials and rising environmental concerns are hampering the growth of the market. Another factor impeding the growth of the market is the abundant availability of substitutes such as silica.

On the basis of type, the market is segmented into commodity carbon black and specialty carbon black. Although commodity carbon black is the leading segment in the carbon black market, specialty carbon black is estimated to exhibit a faster growth rate in the forthcoming years. Based on process, the market is categorized into acetylene, furnace, lampblack, and thermal. In terms of country, the market is segmented into Saudi Arabia, Brazil, the U.K., the U.S., Germany, India, Japan, and China.

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Some of the applications analyzed in the report are plastics and textiles, tire and industrial rubber products, paint and coatings, and toner and printing ink. The tire and industrial rubber products segment is expected to flourish throughout the forecast period. Carbon black is widely used in carcasses, inner liners, sidewalls, and treads. There is also a strong demand for carbon black in the plastics and textiles industries owing to its antistatic and conductive properties.

Geographically, the market is classified into North America, Asia Pacific, Europe and Rest of the World (RoW). Asia Pacific is the leading segment in the market owing to the steady growth in national gross domestic products (GDPs) and a consequent rise in disposable income in India and China. Furthermore, the robust growth of the automotive and packaging sectors is contributing to the growth of the APAC region.

The global black carbon market is characterized by high competitive rivalry. Mergers and acquisitions and increasing investment in research and development to improve the quality of their products are the key strategies used by the leading players to survive stiff competition in the market. Some of the leading players in the market are Anyang HengXu Specialty Carbon Black Co. Ltd., Birla Carbon, Cabot Corp., Continental Carbon, Imerys Graphite & Carbon, Mitshubishi Chemical Corp., Orion Engineered Carbon, Sid Richardson Carbon, Philips Carbon Black Ltd., and Tokai Carbon Co. Ltd.

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