Carbon black market is expected to grow at a CAGR of over 4% during the forecast period

Reports And Markets Publish a New Market Research Report On –"Carbon Black Market - Segmented By Type, Application And Geography - Trends And Forecasts (2017 - 2022)"

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The global carbon black market is expected to surpass USD 25 billion by 2020 growing at a CAGR of over 4% during the forecast period. Carbon black is a deep black colored powder with reinforcing, tinting and conductive properties which are utilized across various sectors.

Tire industry is the largest customer of carbon black, wherein it is used to improve strength and longevity of automotive tires by increasing tensile strength and abrasion resistance. However, the global carbon black market is witnessing increased penetration of specialty carbon black which provides sharp color and enhanced conductivity, viscosity and UV protection.

In the global carbon black market report, the following major application sectors were taken into consideration: tires and industrial rubber products, plastics, toners and printing inks, coatings, textile fibers, and others. According to the type of carbon black, the market has been segmented into furnace black, gas black, lamp black, and thermal black.

Market Dynamics of the Global Carbon Black Market:

Drivers:

Rising demand from tire industry
Growth in construction sector
Huge demand from emerging countries

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Restraints:

Volatility of raw material prices
Environmental concerns
Substitution by silica

The market report has also been geographically segmented into Asia-Pacific, Europe, North America, and the rest of the world. Asia-Pacific represents the largest market for carbon black in the world, with a strong hold of 37% share, wherein majority of the demand emanates from emerging economies such as China and India, on account of expanding tire manufacturing facilities and growth in the construction sector.

Asia-Pacific is anticipated to maintain its dominance in the market through 2020, with tire manufacturers shifting production base to developing countries in the region. Developed economies such as the US and Western Europe are expected to display flat demand though the use of specialty blacks is likely to pick up fastest in these regions.

Some of the major companies dominating this market for its products, services, and continuous product developments are:

Birla Carbon
Bridgestone Corporation
Cabot Corporation
China Synthetic Rubber Corporation
Columbian Chemicals Co.
Continental Carbon Company
Mitsubishi Chemical Holdings Corporation
Orion Engineered Carbons, Phillips Carbon Black Ltd.
Sid Richardson Carbon & Energy Co.
Tokai Carbon Co. Ltd.

Key Deliverables in the Study:

Analysis for the global carbon black market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global carbon black market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is booming and to also identify the regions that are still untapped.

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This release was published on openPR.