In terms of revenue, the global carbon black market is projected to expand at a CAGR of 4.4% from 2018 to 2026, according to a new research report titled ‘Carbon Black Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR). According to the report, in terms of volume, the global carbon black market is expected to reach 18,898.4 kilo tons by 2026. The market is driven by rise in the demand for carbon black from automotive and rubber industries. The carbon black market in Asia Pacific is estimated to expand at a CAGR of 5.1% during the forecast period, owing to presence of a large number of manufacturers of carbon black in the region.
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Among grades, the reinforced grade segment held a major share of the global carbon black market in 2017. However, the specialty grade segment is expected to expand significantly from 2017 to 2026. This trend is projected to continue throughout the forecast period.
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Rise in demand for carbon black of semi-reinforced and specialty grades expected to boost the market
Among grades, the reinforced grade segment held a major share of the carbon black market, in terms of volume, in 2017. Use of carbon black of semi-reinforced grade in rubber and automotive industries is increasing in regions such as Europe and North America. Carbon black is largely utilized in the rubber sector. Non-tire applications of carbon black include rubber products such as conveyor belts, flaps, hoses, and gaskets. In the plastics industry, carbon black is used for conductive packaging, semi-conductive cable compounds, and films. As a pigment, carbon black used in a wide range of applications such as printing, carbon paper, inks, paints & coatings, dry-cell batteries, electrodes, and carbon brushes. Several major companies in the market are highly investing in research & development of specialty-grade carbon black in order to meet the rising demand from end-user industries such as paints, high-performance coatings, and inks & pigments.
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Global carbon black market is mostly consolidated
The report comprises profiles of major companies operating in the global carbon black market. Around 65% of the global carbon black market is consolidated, while the rest is fragmented with a few small players operating in the market. Key players include Cabot Corporation, Orion Engineered Carbons, Birla Carbon, Continental Carbon Company, Tokai Carbon Co. Ltd., and Philips Carbon Black Ltd. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The report also comprises a matrix of comparison between the top four players operating in the global carbon black market along with analysis of their market share for 2017.
Global Carbon Black Market, by Grade
- Reinforced Grade
- Semi-reinforced Grade
- Specialty Grade
Global Carbon Black Market, by End-user Industry
- Tire Manufacturing
- Passenger Car Tires
- Truck & Bus Tires
- Other Tires
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