The global carbon
black market is expected to reach USD 28.05 billion by 2022,
according to a new report by Grand View Research, Inc. Increasing automotive
sales and consequent rise in tire production is expected to drive industry
growth over the forecast period.
High demand for plastics and high performance coatings
in automotive manufacturing is also expected to have a positive influence on
the market growth. Carbon black provides electrical conductivity and antistatic
properties to many plastic products ranging from insulation materials to highly
conductive areas.
Policies aimed at reducing GHG emissions during carbon
black production processes may hamper growth trajectory over the forecast
period. Since the production process is highly energy intensive, optimization
of processes and greener & sustainable alternatives are paramount to tackle
such issues in future.
Browse full research report on Carbon Black Market: https://www.grandviewresearch.com/industry-analysis/carbon-black-market
Further
key findings from the report suggest:
- Global carbon black market demand was 11.99 million tons in 2014
and is expected to reach 16.40 million tons by 2022, growing at a CAGR of
3.9% from 2015 to 2022
- Tires were the leading application segment and accounted for over
70% of the overall volume in 2014. Increasing passenger car sales and a
robust aftermarket and OEM sectors of automotive industry are expected to
drive tire production, thereby increasing carbon black consumption over
the forecast period.
- Plastics are expected to be the fastest growing application segment
at a CAGR of 4.3% from 2015 to 2022. Increasing usage of specialty grades
for improving electrical conductivity, better UV resistance and antistatic
properties in plastics is expected spur growth.
- Asia Pacific dominated the global market with demand share
estimated 54.8% in 2014. Increasing carbon black demand in plastics,
general rubber goods and tire manufacturing particularly from emerging
economies of China, India, and Indonesia is expected to drive the regional
market over the forecast period. Mature markets of North America and
Europe are characterized by increasing regulatory intervention to reduce
greenhouse gas emissions during carbon black production.
- The industry has a presence of large multinational corporations who
have integrated their operations, i.e., from feedstock to carbon black
production. Compared to independent manufacturers, these companies enjoy a
distinct advantage of cutting down on raw material procurement costs.
- Key players in the global carbon black industry include OJSC
Kremenchug, OMSK Carbon Group, Tokai Carbon Co. Ltd., Sid Richardson
Carbon & Energy Co., Ralson Goodluck Carbon, Asahi Carbon Co. Ltd.,
Atlas Organic Pvt. Ltd., Continental Carbon, OCI Co. Ltd., Birla Carbon
and Cabot Corp.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand
View Research has segmented the carbon black market on the basis of application
and region:
Global
Carbon Black Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012
- 2022)
- Tires
- High
Performance Coatings
- Plastics
- Others
Global
Carbon Black Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 -
2022)
- North America
- U.S
- Europe
- UK
- Asia Pacific
- China
- Latin America
- Brazil
- Middle East
& Africa
- UAE
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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