The new report by Expert Market Research titled, ‘Global Carbon Black Market Size, Share, Growth, 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)
The continued expansion of the tyre industry and other industries with end uses for carbon black such as construction, manufacturing, and printing, is expected to strongly drive the production capacity for the carbon black industry. As quality-of-life increases in emerging countries, there is an increasing ownership of personal automobiles, which is promoting the expansion in the tyre sector. Several specialty products such as sealants, adhesives, coatings, and others are finding increasing end-uses in developed regions such as North America and Europe. This sector is also steadily growing in emerging economies like China and India. These developments are expected to be a significant factor in contributing to growth in the global carbon black market.
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Industry Definition and Major Segments
Carbon black is a material produced when the incomplete combustion of heavy petroleum products occurs, such as FCC tar or coal tar. It is a paracrystalline substance with a high surface-area-to-volume-ratio and is primarily used as a reinforcing filler in rubber products.
The market can be segmented by product as:
On the basis of grade, the market is segmented as:
By end use, the global carbon black market can be classified as:
The major regions of the carbon black market include:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Orion Engineered Carbons S.A. (NYSE: OEC), a global leader in the production and supply of carbon black announced in 2019 that it plans to expand the production capacity for gas blacks in its plant located in Germany. Gas blacks are a specialty grade of carbon black with high-quality properties. In July 2020, Orion introduced a new packaging system that ensured dust-free handling of carbon black products. These investments, combined with increased R&D activities by firms in the production and supply of carbon black, are predicted to drive growth in the industry during the forecast period (2020-2025).
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 (NYSE: OEC), 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), among others. 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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