Carbon Black Market Segmentation grow with a 6.15% CAGR by 2028 Forecast.
Impact of COVID-19 on the market
The recent COVID-19 outbreak first began in Wuhan (China) in December 2019 and has since spread rapidly around the world. China, Italy, Iran, Spain, the Republic of Korea, France, Germany and the United States are among the most affected countries in terms of reported positive cases and deaths, as of March 2020. The COVID-19 outreach has affected economies and industries in various countries due to blockages, travel bans and business closures. The global food and beverage industry is a major industry facing severe disruptions such as supply chain disruptions, technology event cancellations, and office closures due to this epidemic. China is the global manufacturing hub, with the presence and largest suppliers of raw materials. The general market collapse due to COVID-19 is also affecting the growth of the bacon market due to the closure of factories, the obstacle in the supply chain and the slowing of the world economy.
Carbon Black Market Insight
Ø The carbon black market is expected to witness market growth at a rate of 6.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on carbon black market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the adoption of advanced technologies in tire production is escalating the growth of carbon black market.
Ø Carbon black is a type of para crystalline carbon, which comprises of 95% of pure carbon and enriches the physical and mechanical features of material, making the end product more useful. Carbon black is basically utilized in the manufacturing of tires, plastics, mechanical rubber goods, printing inks, toners and so forth. It can also soak up UV light and convert it into heat. Therefore, its chief application in also applied in insulating the wires and cables. Additionally, it is employed in the manufacturing of a broad range of rubber products and pigments. It also operates as a cost efficient rubber reinforcing agent that applied in the tires.
Ø Major factors that are expected to boost the growth of the carbon black market in the forecast period are the rise in the demand for carbon black from tire, construction and manufacturing industries, increase in the utilisation in the manufacturing of plastics and the upsurge in the redecorating of automobiles. On the other hand, the variations in the costs of the raw material, rise in the utilization of silica as alternative and environmental issues regarding the manufacturing of carbon black are few of the factors anticipated to derail the growth of the carbon black market in the coming years.
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Carbon Black Market Segmentation
It is fragmented on the basis of process, grade and application.
|
Process |
furnace black, thermal black, acetylene black, lamp black, channel black. |
|
Grade |
N-550, N-660, N-762, N-772, N-774, N-990, and N-991. |
|
Application |
graphite manufacturing, tires and rubber goods, coatings, polymers, printing, electronics |
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Carbon Black Market Country Level Analysis
Ø The countries covered in the carbon black market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Ø Asia Pacific dominates the carbon black market due to the increase in the foreign investments. Furthermore, the suitable governing policies will further boost the growth of the carbon black market in the region during the forecast period. North America is projected to observe significant amount of growth in the carbon black market due to the rise in the demand for tires due to the increasing number of tires being replaced every year. Moreover, the continuous recovery of current construction and automobiles industries is further anticipated to propel the growth of the carbon black market in the region in the coming years.
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Global Specialty Carbon Black Market – Industry Trends and Forecast to 2028
The major players covered in the Carbon Black Market are
Ø Asahi Carbon Co Ltd,
Ø Birla Carbon
Ø Black Bear Carbon BV
Ø Carbon Clean Tech AG.
Ø OCI Company Ltd.
Ø Tokai Carbon Co Ltd
Ø Omsk Carbon Group
TOC of the report
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
Get TOC details from here: https://www.databridgemarketresearch.com/toc/?dbmr=global-carbon-black-market
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