Interms of revenue, the global carbon black market is projected to expand at aCAGR of 4.4% from 2018 to 2026, according to a new research report titled ‘CarbonBlack Market – Global Industry Analysis, Size, Share, Growth, Trends, andForecast, 2018–2026’ published by Transparency Market Research(TMR). According to the report, in terms of volume, the global carbonblack market is expected to reach 18,898.4 kilo tons by 2026.The market is driven by rise in the demand for carbon black from automotive andrubber industries. The carbon black market in Asia Pacific is estimated toexpand at a CAGR of 5.1% during the forecast period, owing to presence of alarge number of manufacturers of carbon black in the region. Among grades, thereinforced grade segment held a major share of the global carbon black marketin 2017. However, the specialty grade segment is expected to expandsignificantly from 2017 to 2026. This trend is projected to continue throughoutthe forecast period.
Risein demand for carbon black of semi-reinforced and specialty grades expected toboost the market
Amonggrades, the reinforced grade segment held a major share of the carbon blackmarket, in terms of volume, in 2017. Use of carbon black of semi-reinforcedgrade in rubber and automotive industries is increasing in regions such asEurope and North America. Carbon black is largely utilized in the rubbersector. Non-tire applications of carbon black include rubber products such asconveyor belts, flaps, hoses, and gaskets. In the plastics industry, carbonblack is used for conductive packaging, semi-conductive cable compounds, andfilms. As a pigment, carbon black used in a wide range of applications such asprinting, carbon paper, inks, paints & coatings, dry-cell batteries,electrodes, and carbon brushes. Several major companies in the market arehighly investing in research & development of specialty-grade carbon blackin order to meet the rising demand from end-user industries such as paints,high-performance coatings, and inks & pigments.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1491
Environmental and health-relatedconcerns restrain the carbon black market
Carbonblack is both combustible and explosible. The minimum explosible concentration(MEC) for carbon black dust suspended in air is >50g/m³. This concentrationis higher than the current occupational exposure limit. Production of carbonblack utilizes carbon-rich feedstock in combination with oxygen. The processemits sulfur and nitrogen oxides and particulate matter, which are hazardous tothe environment and also to health of people working in plants. In the U.S. andWestern Europe, emissions from carbon black production plants are strictlyregulated. These environmental and health-related concerns are hampering theglobal carbon black market, and especially the market in the U.S.
More Trending Reports
Usage of recovered carbon black(rCB) from waste tires offers key opportunities
Recoveredcarbon black (rCB) is carbon black recovered from end-of-life tires (ELTs). Theproduct has recently been introduced in the market in commercial quantities.Unlike virgin carbon black, production of rCB does not result in high emissionsof sulfur oxides (SOx), nitrogen oxides (NOx), or particulate matter. There exists a growingconcern, as carbon black production plants in the U.S. are being forced toreduce their air emissions. Carbon black recovered from waste tires withimproved product quality offers a cost-effective measure to the tire industryto reduce its carbon footprint. Development of carbon black products for greenrubber tires is anticipated to create lucrative growth opportunities for themarket in the next few years.
Request Covid19 analysis on thismarket
https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1491
Asia Pacific accounts for a majorshare in terms of value and volume
AsiaPacific held the leading i.e. more than 50% share of the global carbon blackmarket, in terms of volume, in 2017. The carbon black market has witnessed ashift from the West to the East, due to low manufacturing costs and lessstringent environmental regulations imposed by governments of countries in theEast.
A majorityof the demand for carbon black comes from China and India, due to expandingtire manufacturing industry and construction sector in these countries. Thecarbon black market in North America witnessed slowdown in 2017, with lowproduction volume and low demand from the tire industry in the region. In 2012,five major companies producing carbon black in the U.S. were served notices forviolation of the Clean Air Act by the U.S. Environmental Protection Agency(EPA) with regard to SOx and NOx emissions from their carbon black productionplants. The carbon black market in North America is projected to witnessmoderate attractiveness even though the demand for specialty-grade carbon blackin this region is likely to increase during the forecast period. Western Europeis likely to witness increased penetration of specialty-grade carbon black eventhough its prices are much higher than those of reinforced-grade carbon black.Thus, Europe and North America are likely to be focused by key market players.The market in Latin America and Middle East & Africa is anticipated toexpand at a relatively sluggish rate compared to other regions. Brazil, Mexico,and Argentina account for 80% of vehicles in Latin America. The automotiveindustry in these countries is projected to expand during the forecast period,which is estimated to propel the carbon black market in the region between 2018and 2026. The market in Middle East & Africa is projected to witnesssluggish growth from 2018 to 2026.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=1491<ype=S
Global carbon black market ismostly consolidated
The reportcomprises profiles of major companies operating in the global carbon blackmarket. Around 65% of the global carbon black market is consolidated, while therest is fragmented with a few small players operating in the market. Keyplayers include Cabot Corporation, Orion Engineered Carbons, Birla Carbon,Continental Carbon Company, Tokai Carbon Co. Ltd., and Philips Carbon BlackLtd. Market players have been profiled in terms of attributes such as companyoverview, financial overview, business strategies, and recent developments. Thereport also comprises a matrix of comparison between the top four playersoperating in the global carbon black market along with analysis of their marketshare for 2017.
The carbon black market hasbeen undergoing some remarkable growth dynamics, shaped increasingly by digitaltechnologies and environmental sustainability concerns of product development.Over the decades, the feedstock variability and the onslaught of cheapersubstitutes have squeezed in profit margins of the chemical and materialssector. On the other hand, the value chain of several businesses in the carbon black market hasundergone overhaul, increasingly rendering some aspiring players with greatercontrol over the forces and demand. The penetration of Industry 4.0 in in themarket has stirred game-changing trends for range of stakeholders in theoverall chemicals and materials sector. Manufacturing and productionenvironments of businesses in the carbonblack market are keen on formulating and implementingstrategic frameworks that will turn them into digital enterprises.
About Us
Transparency Market Research (TMR) is a global marketintelligence company providing business information reports and services. Thecompany’s exclusive blend of quantitative forecasting and trend analysisprovides forward-looking insight for thousands of decision makers. TMR’sexperienced team of analysts, researchers, and consultants use proprietary datasources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by ateam of research experts so that it always reflects the latest trends andinformation. With extensive research and analysis capabilities, TransparencyMarket Research employs rigorous primary and secondary research techniques todevelop distinctive data sets and research material for business reports.
Contact
Nachiket
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
