The new report by Expert Market Research titled, ‘North America Carbon Black Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the regional North America 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 North America Carbon Black Market Size (2019): 1.8 Million Metric Ton
• Global Carbon Black Market Forecast CAGR (2020-2025): 4.3%
The trend of refurbishment has led to an increased demand for carbon black in the automotive industry and other sectors for high-performance coating such as the marine, aerospace, and industrial sectors. The North America region has witnessed a rise in car renovation, which is expected to further boost the demand for carbon black. Carbon black finds its primary applications in rubber, electronic discharge compounds, and inks. The rising demand for these downstream products is expected to drive the market growth in the region.
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Industry Definition and Major Segments
Carbon black is a category of incredibly black amorphous carbon types, typically obtained as soot by partial hydrocarbon combustion. It is used mainly as reinforcing agents in car tyres and other rubber items, but also as black pigments, which generate high hidden strength for ink, paint, and carbon paper.
On the basis of product, the market is divided into:
• Specialty Carbon Black
• Lamp Black
• Channel Black
• Acetylene Black
• Furnace Black
• Gas Black
• Commodity Carbon black
• Thermal Black
• Others
Based on grade, the industry is categorised into:
• Specialty Grade
• Standard Grade
• N330
• N550
• N660
• N220
• N990
• Others
The market can be segmented into the following segments by end use:
• Industrial
• Printing and Packaging
• Building and Construction
• Transportation
• Others
Market Trends
The sector is affected by the regulatory regulations of major North American and European authorities. Transportation is expected to be the dominant segment in this industry in the coming years, owing to increased demand for tyre and rubber. The North America region is a major producer of carbon and exports high-grade carbon black to countries such as China, India, Indonesia, and Sri Lanka, among others, to meet the requirements for the food and cosmetic industries in the region. On the other hand, the region sources low-grade carbon black from countries like Russia and China.
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), Tokai Carbon CB Ltd (TYO: 5301), Koppers Inc. (NYSE: KOP), and Cancarb Limited. 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 consumer purchase behaviors. 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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