Global Carbon Black Market Forecast 2021-2026: Trends and Insights
According to the latest report by IMARC Group, titled “Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global carbon black market reached a value of US$ 18.2 Billion in 2020. Looking forward, IMARC Group expects the global carbon black market to exhibit moderate growth during 2021-2026.
Carbon black refers to a material that is composed of fine particles comprising primarily of carbon, along with small amounts of hydrogen, oxygen, sulfur and nitrogen. It is produced by extremely controlled processes of thermal decomposition or partial combustion of oil and gases. Characterized by heat stability and strong tint properties, it is widely utilized for numerous applications across diverse industry verticals. It is used as a rubber-reinforcing additive in the production of numerous rubber products to dampen earthquake vibration and as ink for printing newspaper and as ink-jet toner owing to its high coloring power. Apart from this, it is also used in the manufacturing of car fenders, magnetic tapes, semiconductors, heat-molded plastics, and coating for electric wires.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Carbon Black Market Trends:
The global market is primarily driven by the escalating demand for high-performance rubber products in the automotive industry. Carbon black is widely used, along with different types of rubber, for customizing the performance of tires. It is also employed for providing strength and offering longevity to various extruded and molded industrial rubber products, including springs, belts, hoses and gaskets. Additionally, considerable growth in the construction sector, owing to the growing population, has led to the rising demand for industrial rubber and other related equipment. Furthermore, manufacturers are continually engaging in the development of specialty-grade carbon black using sustainable manufacturing methods. For instance, post-industrial carbon black and recycled polymers have been extensively utilized by the US-based Cabot Corporation in their recently launched new black masterbatch series. This is expected to aid plastic producers in meeting sustainability targets and lower their carbon footprint.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Cabot Corporation
- Thai Carbon Black Public Company Limited (Birla Carbon)
- Orion Engineered Carbons GmbH
- Phillips Carbon Black Limited
- 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.
Breakup by Type:
- Furnace Black
- Channel Black
- Thermal Black
- Acetylene Black
- Others
Breakup by Grade:
- Standard Grade
- Specialty Grade
Breakup by Application:
- Tire
- Non-Tire Rubber
- Plastics
- Inks and Coatings
- 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 (2015-2020)
- Market Outlook (2021-2026)
- 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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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