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Carbon Black Market by Type, Application, Grade, and Region - Global Forecast to 2021

Carbon Black Market: Global Forecast until 2021

  • April 2017
  • 190 pages
  • ID: 4855257
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"Carbon black market anticipated to register Compound annual growth rate of 4.60 percent during forecast period"

The carbon black market size is projected to extend ~$13.8B by 2021, at a compound annual growth rate of 4.60 percent between 2016 and 2021. Carbon black is a para crystalline form of carbon primarily used as reinforcing filler in tires and other rubber products. On top of, it is used as black pigment in plastic products, printing inks, paints, and toners. Therefrom, its demand is anticipated to increase from tire, rubber, plastic, inks & coatings, construction, metallurgy, resin coloring, and paint markets. Emission of CO2 gas during carbon black production may act as restraint for the carbon black market.

"Furnace black: the dominant type carbon black"

The furnace black segment is forecasted to witness high increase during the estimate period. This segment accounts for almost 80.0 percent of the total carbon black produced. It is produced by oil furnace process and is available in particle sizes ranging from 11nm to 500nm. It is used for different applications ranging from rubber reinforcement to coloring. Increase in furnace black consumption is influenced by the increasing demand from automobile and tire sectors.

"Tire application: the quickest-rising application for carbon black"

The sector for carbon black in the tire application segment is expected to register the more important increase during the outlook period. The industry in this application is increasing due to the growing demand for reinforcing filler from the tire market. The use of carbon black as a reinforcing agent has gained significant importance as it improves the life span of tires by conducting heat away from the tread and belt area of tires. Moreover, carbon black enhances the properties of tires including handling, fuel mileage, tread wear resistance, abrasion resistance, and hysteresis, thereby, improving the global performance of tires.

"APAC expected to be the quickest rising market for carbon black"

Asia-Pac is forecasted to be the quickest increasing market for carbon black. This high increase is owed to the easy availability of feedstock for carbon black production. China (CN) is forecasted to be the quickest developing market for carbon black in Asia-Pacific, succeeded by India (IN) and Indonesia (ID). China (CN) maintains the main share of the carbon black market in Asia Pacific (APAC). The expanding tire and rubber sector is driving the carbon black market in this area.

Extensive primary audit sessions were conducted to determine and verify the market value for various segments and sub-segments and info collected by secondary research.

The break-up of primary interviews is presented below:

- By Company Type - Tier 1 - 30.0 percent, Tier 2 - 43.0 percent, and 1/3 3 - 27.0 percent

- By Description - C-suite - 21.0 percent, D-level - 23.0 percent, and Others* - 56.0 percent

- By area - North america (NA) - 30.0 percent, Europe - 18.0 percent, Asia-pac- 41%, and Others**- 11.0 percent

Note: The tiers of the firms are defined on the basis of their final revenue, as of 2015: Tier 1 = >USD 500 million, Tier 2 = $100.0M to $500.0M and Tier 3 =

*Others contain sales managers, marketing managers, and product managers.

**Others contain Latin America area and the Middle East (ME) & African continent.

The firms decribed in this research report contain Cabot Corporation, Birla Carbon/Thai Carbon Black Public Company Limited, Orion Engineered Carbons SA, Phillips Carbon Black Limited, Tokai Carbon Co., Limited, Omsk Carbon Group OOO, Jiangxi Black Cat Carbon Black Inc., Limited, OCI Company Ltd., China Synthetic Rubber Corporation, Sid Richardson Carbon & Energy Co., and Mitsubishi Chemical Corporation.

Segment Research

This market research classifies the carbon black market based on type, application, grade, and area. The study includes exhaustive information concerning the main factors influencing the increase of the carbon black market including drivers, industry restraints, opportunities, and possibilities. An in-depth study of the main industry actors has been done to furnish industry insights into business overviews, products & services, top strategies, business growths, acquisitions, new industry product developments, and recent evolutions combined with the sector.

Reasons to Buy the Report

The analysis will facilitate industry top players/new sector entrants in this sector in these ways:

1. This document breaks down the carbon black market comprehensively and offers the closest approximations of market sizes for the global market and subsegments across verticals and localities.

2. The market research will facilitate partners distinguish the pulse of the sector and offer them information on the main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners comprehend the top players and obtain business insights to improve their rank in the business sector. The competitive outlook section includes business developments, acquisitions, and new industry product developments.

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