Carbon Black Market – Provides Veritable Information On Size, Growth Trends And Competitive Outlook
According to the report, the global carbon black industry garnered $17.50 billion in 2018, and is estimated to reach $23.0 billion by 2026, growing at a CAGR of 3.5% from 2019–2026.
Drivers, restraints, and
opportunities-
Rising penetration of
carbon black in the automotive industry, and increase in demand from the
cosmetic industry fuel the growth of the global carbon black market. On the
other hand, implementation of stringent guidelines toward use of carbon black
curtails down the growth to some extent. However, need for green alternatives
to bring down carbon footprints is expected to create multiple opportunities in
the near future.
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The furnace black segment to lead the
trail by 2026-
Based on process, the
furnace black segment accounted for nearly half of the global carbon black
market share in 2018, and is expected to retain its dominance by the end of
2026. The same segment is also projected to cite the fastest CAGR of 4.2% from
2019 to 2026. Increase in use of furnace black process for rubber reinforcement
is the key factor driving the growth of the segment. The other segments
assessed through the report take in channel black, acetylene black, and lamp
black.
The specialty grade segment held the
largest share in 2018-
Based on grade, the
specialty grade segment contributed to more than four-fifths of the global
carbon black market revenue in 2018, and is projected to dominate till 2026.
The same segment would also manifest the fastest CAGR of 3.6% throughout the
forecast period. Increasing use of specialty carbon blacks as pigmenting, UV
stabilizing, and conductive agents in plastic, printing, packaging, and coating
products is expected to propel the growth of the segment. The segment of
conductive grade is also analyzed in the market report.
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Asia-Pacific, followed
by Europe and North America, to rule the roost in terms of
revenue-
Based on geography, the region across Asia-Pacific held the major
share in 2018, garnering nearly three-fifths of the global carbon black market.
The same province is also anticipated to register the fastest CAGR of 4.0%
during the estimated period. This is due to its high stiffness, enhanced tensile
strength, low weight, superior chemical resistance, high-temperature tolerance,
and low thermal expansion. The other regions analyzed in the report
include North America, Europe,
and LAMEA.
Leading market players-
·
SABIC
·
Dow
Inc.
·
Asahi
Carbon Co., Ltd.
·
Cabot
Corporation
·
Mitsubishi
Chemical Holdings
·
Birla
Carbon Public Company Limited
·
Nouryon
·
Dominion
Colour Corporation
·
BASF
SE
·
Phillips
Carbon Black Limited
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