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.
Full Research Report on Global Carbon Black Market
Analysis:
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.
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research
has segmented the Global 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
View Blog On this research report by Grand View Research:
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.
For more information: www.grandviewresearch.com
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