Global Carbon Black Market Overview :
Global Carbon Black market is estimated to reach $25.7 Billion by 2025; growing at a CAGR of 5.9% till 2025. Carbon black mainly consists of carbon. It is used in various industries such as plastics & coatings, tires, and others. It is manufactured using methods such as partial combustion method or thermal decomposition method of hydrocarbons. It is classifies based on manufacturing processes such as furnace black, channel process, black acetylene process, and lampblack process. Additionally, it is used as a coloring agent for paints & inks, electric conductive agent, and resin coloring agent. However, there are some occupational safety concerns while handling carbon black as it is carcinogenic.
Global Carbon Black Market: Growth Factors
Growing applications in plastic & coating industry is a major factor driving the market growth. Moreover, increasing demand for specialty carbon block from tire industry is also fueling the market growth. However, environment issues owing to CO2 emission in black carbon production and unstable raw material prices might hinder the market growth. Rising demand in developing countries might provide opportunities in the coming future.
Global Carbon Black Market: Segmentation
The global carbon black market is mainly classified on the basis of application. Based on the application, the market is categorized as tires, high performance coatings, plastics, and others.
Global Carbon Black Market: Regional Analysis
The global carbon black market, based on geography classified as North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further categorized as the U.S., Canada, and Mexico, whereas Europe is divided into the UK, Germany, France, Italy, and Rest of Europe. The Asia Pacific is classified as India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW consists of South America, the Middle East, and Africa.
Global Carbon Black Market: Competitive Players
Key players operating in the market include Ralson Goodluck Carbon, Orion Engineered Carbons Holdings GmbH, Asahi Carbon Co. Ltd., Sid Richardson Carbon & Energy Co., Tokai Carbon Co. Ltd., OMSK Carbon Group, Cabot Corp., Bridgestone Corp., Birla Carbon, OCI Company Ltd., Continental Carbon Co., Atlas Organic Pvt. Ltd., China Synthetic Rubber Corporation (CSRC), Nippon Steel & Sumikin Chemical Co. Ltd., Himadri Companies & Industries Ltd. (HCIL), and Mitsubishi Chemicals.
Carbon Black Market Key Segments:
- High Performance Coatings
- North America
- The U.S.
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East
Key Market Players
- Ralson Goodluck Carbon
- Orion Engineered Carbons Holdings GmbH
- Asahi Carbon Co. Ltd.
- Sid Richardson Carbon & Energy Co.
- Tokai Carbon Co. Ltd.
- OMSK Carbon Group
- Cabot Corp.
- Bridgestone Corp.
- Birla Carbon
- OCI Company Ltd.
- Continental Carbon Co.
- Atlas Organic Pvt. Ltd.
- China Synthetic Rubber Corporation (CSRC)
- Nippon Steel & Sumikin Chemical Co. Ltd.
- Himadri Companies & Industries Ltd. (HCIL)
- Mitsubishi Chemicals
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market