Carbon Black Market Size Ballooning On the Back of Thriving Automotive Industry
A recently published report by chemical analysts at IndustryARC covers important aspects of the carbon black market, including its prominently increasing usage in the automotive industry for reinforcement of tires and manufacturing black colored pigments. According to the report, the carbon black market attained a sizable revenue of $15,560m in 2018. This revenue is expected to grow at a healthy pace with a CAGR of 5.65% during the forecast period 2019-2025.
The IndustryARC report titled,
Carbon Black Market: By Type (Acetylene Black, Channel Black, Furnace Black,
Lamp Black); By Source (Aromatic Oils, Mineral Oils, Natural Gas, Coal Tar
Distillates); By Grade (Rubber Carbon Black, Specialty Carbon Black); By Form
(Aqueous Dispersions, Pastes, Chips, Plastic Masterbatch, Rubber Masterbatch,
Oil Pellets); By Application (Tires, Industrial Rubber Products, Plastics,
Toners, Printing Inks, Automotive) & By Geography – Forecast (2018-2025)’
contains imperative information about the market which includes how it will
attain growth in the forecast period and the forces that will be responsible
‘Competitive landscape for each type of carbon black is highlighted and key market players are profiled with attributes of business overview, financials, business strategies, product portfolio and recent developments pertaining to metal deactivators,’ says the analyst of the report. Key companies assessed by the analyst who have been playing a pivotal role in the development of the market players are Cabot Corporation, Orion Engineered Carbons, Birla Carbon, Continental Carbon Company, Pyrolyx AG, Nippon Steel & Sumikin Chemical Co., Ltd., Shandon Huadong Rubber Materials Co., Ltd., Black Bear Carbon BV, Mitsubishi Chemical Corporation, Imerys Carbon & Graphite, OMSK Carbon Group, Longxing Chemical GroupTokai Carbon Co. Ltd., and Philips Carbon Black Ltd.
Carbon black market growth is being influenced by a variety of factors. Some of these factors include automotive industry’s growth. With a surge in disposable incomes, consumers are not shying away from investing in comforts such as a vehicle, which has become an important reason for an increase of cars on the roads. Carbon black is a black colored powder that is being used by the tire industry because it has the ability to increase the strength and the longevity of tires. The use of this product is also solicited by the end users of the carbon black market for its ability to protect from ultraviolet radiation. Other end users of the carbon black market include industrial, plastics, paint and coatings industry, and printing ink and toners.
According to the analyst, APAC region is the geographical leader of the global carbon black market with a regional share of 49% in 2018. This can be credited to the automotive industry in China which is growing at an unprecedented rate with an increasing number of consumers gravitating towards owning a personal vehicle. Another important factor adding to this growth is the mergers and acquisitions that are taking place within India and disrupting the market. One of the key Indian market player, Aditya Birla Co. recently acquired Columbian Chemicals Co. in order to become one of the primary manufacturers and exporters of carbon black in the world.
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What can you expect from the report?
The carbon black market report is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories & Applications 11. Demand Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
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Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
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