Carbon black is a form of Para-crystalline carbon that possess a high surface-area-to-volume ratio and is lower as compared to activated carbon. Carbon black is obtained through incomplete combustion of heavy petroleum products (coal tar, fcc and ethylene cracking tar). Carbon black is used in various industries like: industrial, transportation, building & construction, printing and packaging. And is used in making various materials like: printing inks, insulating wires & cables, tires, plastics, mechanical rubber products, toners, rubber products and pigments.
Carbon black Market: Key Players
The research study includes profiles of leading companies operating in the global Carbon black market. Key players profiled in the report include: Cabot Corporation, Thai Carbon Black Public Company Limited, Orion Engineered Carbons SA, Jiangxi Black Cat Carbon Black Inc., Ltd., China Synthetic Rubber Corporation, Phillips Carbon Black Limited, Tokai Carbon Co., Ltd., Sid Richardson Carbon & Energy Co., Omsk Carbon Group OOO, OCI Company Ltd., and Mitsubishi Chemical Corporation.
Drivers for the Global Carbon black Market:
Rising demand of tires for automobiles/heavy vehicles, various increasing applications of carbon black in industries like: construction and manufacturing (as they use carbon to provide strength to industrial rubber materials) and other applications globally are owing to increase the disposable income and positively influence the growth of the market. Hence tires industry is the major driver for the market.
Opportunities for the Global Carbon black Market:
Moreover, various investments and advancements in construction industry, adoption of electric cars and self-driving cars, increase in the economy and the uv protection & conductive properties for plastics. Hence these factors are providing growth and future opportunities for the market.
Restrains for the Global Carbon black Market:
However, Unpredictability of raw material prices, carcinogenic content present in carbon black rise environmental concerns and replacement of carbon black by other materials like silica. Hence these factors can majorly hamper the growth of the carbon black market.
Region Wise, Global Carbon black Market Analysis:
Asia-pacific held major share in the market due to general economic conditions, increasing consumption of tires, plastics and rubber, easy availability of heavy petroleum-based products to obtain carbon black and investment in new technology. Besides, Europe and North America held a large share in the carbon black market.
Global Carbon black Market: Product analysis
- Furnace Black
- Channel Black
- Thermal Black
- Acetylene Black
Global Carbon black Market: Application analysis
- Non-Tire Rubber
- Inks & Coating
Global Carbon black Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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