The new report by Expert Market Research titled, ‘Global Carbon Black Market Size, Share, Price, Trends, Report and Forecast 2020-2025′, gives an in-depth analysis of the global carbon black market, assessing the market based on its segments like products, grades, end-uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
- Historical Market Size (2019): 14 Million Metric Tons
- Forecast CAGR (2020-2025): 4.4%
- Forecast Market Size (2025): 18 Million Metric Tons
The growing use of specialty carbon black, in particular in developed countries such as the United States, is driving the industry’s growth. Such products are used in categories, such as sealants, adhesives, as well as coatings, which, due to the global infrastructure development, are expected to increase in the coming years as well. The industry expects more growth as leading producers are spending more and more in R&D firms, as a result of new final uses of the material and technological advances. In addition, manufacturers invest in making the manufacturing process efficient and resulting in lower waste generation in the sense of environmental concerns. The other growing sectors of use for carbon black will be plastics, inks, and printing. The growth of the packaging industry in the United States would give the industry a new boost as it helps the plastic sector in the country.
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Industry Definition and Major Segments
Carbon black is an incomplete burning substance formed by heavy petroleum products, including FCC tar, coal tar, or ethylene cracking tar. Carbon black has a high surface to volume ratio, albeit less than the activated carbon.
By product, the market can be divided into:
- Lamp Black
- Channel Black
- Acetylene Black
- Furnace Black
- Gas Black
- Thermal Black
Based on grade, the market can be segmented into:
- Specialty Grade
- Standard Grade
The leading end-uses in the market are:
- Printing and Packaging
- Building and Construction
By regions, the market is segmented into:
- North America
- Middle East and Africa
- Asia Pacific
- Latin America
The market is influenced by the regulatory laws of major governing bodies from North America and Europe. Transport will be the dominant segment in this industry in the coming years due to the growing demand for tyre and rubber. With improved abrasion resistance and tensile strength, the product increases the strength and durability of tyres. In addition, the increasing construction and production sectors that use industrial rubber and machinery are expected to have a positive effect on the product demand. The prices of the product are primarily focused on raw, auxiliary, and utility goods. The fluctuation in crude oil prices has a major effect on carbon black prices. Some other factors that affect the price at the macro-level include working as well as pre-operational costs.
Key Market Players
The major players in the market are Birla Carbon (BKK: BCT), Cabot Corporation (NYSE: CBT), Continental Carbon Company, Orion Engineered Carbons S.A, Phillips Carbon Black Limited (NSE: PHILIPCARB), Jiangxi Blackcat Carbon Black Inc. (SHE: 002068), Tokai Carbon Co., Ltd. (TYO: 5301), Longxing Chemical Industry Co., Ltd. (SHE: 002442), Bridgestone Corporation (TYO: 5108), and Mitsubishi Chemical Holdings Corporation (TYO: 4188). The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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