Global Carbon Black Market - High Understanding On The Propelling Factors Along With Highlights of The Key Players

Latest market study on “Carbon Black Market – Global Analysis and Forecast”, the carbon black market is projected to witness a significant growth attributed to the increased demand for carbon black from tire as well as industrial rubber compound. This market report comprises of high understanding on the propelling factors of the market along with highlights of the key players in the market and their recent major strategies.

Carbon black market by type is segmented into furnace black, channel black, thermal black and acetylene black. On the basis of application, the market is segmented into tire, non-tire rubber, inks & coating, and plastic. Based on the grade, the market is segmented into standard and specialty grade. Based on regions, the global carbon black market is segmented into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America.

Carbon black products find usage in several end-use industries such as, tire, rubber, plastic, inks & coatings, construction, metallurgy, resin coloring, and paint. Rising use of carbon black in the tire and non-tire rubber application segments have led to an increased demand for carbon black, globally. Carbon black is used as a reinforcing agent in tires, belts, hoses, gaskets, diaphragms, vibration isolation devices, bushings, air springs, chassis bumpers, and multiple types of pads, boots, wiper blades, fascia, conveyor wheels, and grommets.

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The Asia-Pacific region is expected to command the maximum market share for carbon black during the forecast period owing to large production of vehicle and shifting of tire companies in low-cost countries, such as India and China. Also, majority of the carbon black’s manufacturing units located in North America, Europe are being compelled to shut down their operations owing to the intense competition being faced from low cost Asian manufacturers.

The manufacturers of these carbon black are increasing their focus on the developing economies globally. Some of the major players operating in the carbon black market include China Synthetic Rubber Corporation, Jiangxi Black Cat Carbon Black Co., Ltd., Orion Engineered Carbons, Cabot Corporation, Birla Carbon, and Philips Carbon Black among others.

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