About Carbon Black
Carbon black is a material produced by the incomplete combustion of heavy petroleum products such as coal tar, FCC tar, or ethylene cracking tar. It is mainly used as a reinforcing filler in tires and other rubber products. In paints, plastics, and inks, carbon black is used as a color pigment. Moreover, carbon black has excellent conductive properties, thereby, it is also used as a component for magnetic tapes and semiconductors.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.0% |
Analyst at AMA Research estimates that Japanese Manufacturers will contribute the maximum growth to Global Carbon Black market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Phillips Carbon Black Limited (India), Cabot Corporation (United States), OCI Company Ltd. (South Korea), Birla Carbon/Thai Carbon Black Public Company Limited (Thailand), Omsk Carbon Group OOO (Russia), Orion Engineered Carbons SA (Luxembourg), Tokai Carbon Co., Ltd. (Japan), SID Richardson Carbon & Energy Co. (United States), China Synthetic Rubber Corporation (China) and Evonik Industries AG (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Nippon (Japan), Mitsubishi Motors Corp. (Japan), Jiangxi Black Cat Carbon Black Co. Ltd. (China) and Phillips Carbon Black (India).
Segmentation Overview
AMA Research has segmented the market of Global Carbon Black market by Type (Furnace Black, Channel Black, Thermal Black, Acetylene Black and Others), Application (Tire, Non-Tire Rubber, Inks and Coating, Plastic and Others (lithium-ion batteries, graphite manufacturing, construction industry, and metallurgy)) and Region.
On the basis of geography, the market of Carbon Black has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Grade Type, the sub-segment i.e. Standard Grade will boost the Carbon Black market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Application in Plastics and Coating Industries and Growth in the Global Rubber Industry Likely To Drive Carbon Black Demand
Challenges:
Volatility in Raw Material Prices and Substitution with Silica in Tires
Restraints:
Emission of CO2 in Carbon Black Production
Opportunities:
High Demand in the Asia-Pacific and Increasing Requirement for UV Protection and Conductive Properties in Plastics
Market Leaders and their expansionary development strategies
On 28 June 2019, Cabot Corporation, a leading carbon black player has announced to increase the Prices for rubber carbon black products in North America. and On 21 May 2018, Cabot Corporation announced the addition of significant capacity to its worldwide network of carbon black plants. Through the combination of a plant expansion, operational improvements, and debottlenecking projects, Cabot is expanding its global capacity by over 300,000 metric tons.
On 28 June 2018, Japanese carbon black firm Tokai Carbon Co. Ltd. has entered into an agreement with Fort Worth-based Sid Richardson Carbon Ltd. to acquire 100 percent of Sid Richardson's assets. Acquiring Sid Richardson is a major step in Tokai's plan to become a global player in carbon black. and On 1 Oct 2018, Cabot Corporation announced that it has acquired NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., a subsidiary of Nippon Steel Chemical & Material Co., Ltd. The carbon black manufacturing facility in Pizhou, Jiangsu Province, China.
Key Target Audience
Carbon Black Manufacturing Companies, Traders, Distributors, and Retailers, Raw Material Suppliers, Commercial R&D Institutes and Research Institute, Trade Association, and Government Agencies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.