Global Carbon Black Market By Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black), Grade (Standard Grade, Specialty Grade), Application (Tire, Non-Tire Rubber, Inks & Coating, Plastic, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Carbon Black Market
The Global Carbon Black Market accounted for USD 11.21 billion in 2016 and is projected to grow at a CAGR of 4.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Carbon Black Market
Carbon black is a material produced by the incomplete combustion of heavy petroleum products such as FCC tar, coal tar, ethylene cracking tar, and a small amount from vegetable oil. There is a growing demand for carbon black in tire, non-tire rubber, inks & coating and plastic, which is expected to play a key role in the growth of the market over the next seven years.
Major Market Drivers:
- High demand in plastics and coating sector application
- Growth in rubber industry likely to drive carbon black demand
- Advancements and developments in the carbon black market
- High emission of CO2 in carbon black production
Market Segmentation: Global Carbon Black Market
The carbon black market is segmented on the basis of type into furnace black, channel black, thermal black and acetylene black.
On the basis of grade, the market is segmented into standard grade and specialty grade.
On the basis of application, the market is segmented into tire, non-tire rubber, inks & coating, and plastic.
On the basis of geography, the carbon black market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Competitive Landscape: Global Carbon Black Market
The global carbon black market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Carbon Black Market
Some of the major players in carbon black market include Asahi Carbon Co Ltd, Birla Carbon, Black Bear Carbon BV, Cabot Corporation, Carbon Clean Tech AG, China Synthetic Rubber Corporation, Continental Carbon Company, Jinneng Science and Technology Company Limited, Longxing Chemical Stock Co Ltd, Mitsubishi Chemical Corporation, Monolith Materials Inc, Nippon Steel & Sumikin Chemical Co Ltd, OCI Company Ltd, Omsk Carbon Group, Orion Engineered Carbons SA, Phillips Carbon Black Limited, Qingzhou Boao Carbon Black Co Ltd, Shandong Huadong Rubber Materials Co Ltd, Shandong Lion King Carbon Black Co Ltd, Sid Richardson Carbon and Energy Co Ltd, Tokai Carbon Co Ltd and many more.
Research Methodology: Global Carbon Black Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.