BANGALORE, India, Feb. 13, 2020 /PRNewswire/ -- Carbon black is a substance that is formed by incomplete combustion of heavy petroleum products such as FCC tar, coal tar, or cracking tar with ethylene. Carbon black is a type of paracrystalline carbon with a high ratio of surface-area-to-volume, although lower than activated carbon.
Global Carbon Black Market is expected to rise from USD 7914.67 million in 2018 to USD 10901.67 million at a compound annual growth rate (CAGR) of 4.68 percent by the end of 2025.
The report strategically segments the carbon black market into Acetylene Black, Channel Black, Furnace Black, and Thermal Black based on the type and into Specialty Grade and Standard Grade based on its type. This classification allows for an in-depth insight into the carbon black industry.
FACTORS INFLUENCING THE GLOBAL CARBON BLACK MARKET SIZE
- Increasing the use of carbon black in reinforced plastics and coating materials are expected to impact market growth.
- Carbon black is one of the major reinforces that is used in the tire industry owing to its effect on the mechanical and dynamic properties of tires. This utilization of carbon black in the tire industry is expected to increase the market size. Apart from tires, carbon black is also used for other applications such as conveyor belts, gaskets, air springs, grommets, vibration isolation devices, and hoses.
- The ever increasing demand from the Asia-Pacific market for UV protection and conductive plastics is expected to propel the carbon black market size. Growth in the automotive industry is another important driver for the carbon black market.
REGION WISE CARBON BLACK MARKET SHARE ANALYSIS
China is a major contributor to the production of black carbon. China is also the world's largest exporter of black carbon. This dominance of China in the carbon black production and export has made the Asia pacific to be the major region in the carbon black market.
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On the basis of type, the global carbon black market is studied across
- Acetylene Black
- Channel Black
- Furnace Black
- Thermal Black.
On the basis of grade, the global carbon black market is studied across
- Specialty Grade
- Standard Grade.
On the basis of application, the global carbon black market is studied across
- Metal carbide
- Metal reduction compounds
- Paper, Pipes
- Printing Inks
- Rubber Processing
- Thermal Insulation
- Wire and Cable
Key Manufacturers in Carbon Black Market include:
- Cabot Corporation
- Mitsubishi Chemical Corporation
- Orion Engineered Carbons S.A.
- Phillips Carbon Black Limited
- Tokai Carbon Co., Ltd.
- Birla Carbon Public Co. Ltd
- Continental Carbon Company
- Himadri Chemicals & Industries Ltd.
- Iran Carbon Co
- Longxing Chemical Stock Co, Ltd.
- OCI Company Ltd
- Omsk Carbon Group
- Ralson Goodluck Carbon Pvt. Ltd
- Shandong Lion King Carbon Black Co., Ltd.
- Triveni Turbines
1. Recovered Carbon Black (rCB) Market
The global market for Recovered Carbon Black (rCB) is forecasted at USD 46 million in 2020 to reach USD 312.6 million by the end of 2026, rising at a CAGR of 31.2 percent in 2021-2026.
Recovered carbon black is a substance produced by pyrolysis from scrap tires. It typically contains 10–20 percent of non-carbonaceous material by weight and is free from wire and fabric. rCB has reinforcing properties within the range of a regular carbon black N500–N700, depending on its post-treatment.
The research report covers different types and application segments. Each type provides production information during the 2015 through 2026 forecast period. The Application section also includes consumption over the 2015 to 2026 forecast period. Understanding the segments helps in identifying the importance of different factors that aid market growth.
2. Furnace Carbon Black Market
The Global Furnace Carbon Black Market is expected to rise at a compound annual growth rate (CAGR) of 4.67 percent from USD 5891.65 million in 2018 to USD 8113.67 million by the end of 2025.
The factors contributing to furnace black market growth are the widespread use of the furnace black process for mineral oil and gas production, as well as government incentives and public sector participation. However, other factors, such as rising raw material prices, can impede the market growth.
The Global Furnace Carbon Black Market is studied on the basis of Application by Coatings, Building, Fibres, Fireproofing, Insulation, Metal Carbide, Metal Reduction Compounds, Paper, Pipes, Plastics, Heat, Print Inks, Rubber Processing, Thermal Insulation, and Wire and Cable. And is studied across N110, N762, and N990 on the basis of grade.
3. Tire Carbon Black Market
The global Tire Carbon Black market is projected at USD 6370.60 million in 2018 to reach USD 8582.54 million by the end of 2025, rising at a CAGR of 3.79 percent in 2019-2025.
The report strategically segments the market into Thermal Black, and Furnace Black based on the type and into Tread, Carcass, and Innerliner based on application.
This study focuses on the volume and value of Tire Carbon Black at the global, national, and enterprise levels. This study reflects the overall size of the Tire Carbon Black market from a global perspective by examining historical data and future prospects. The study focuses on several main regions at the regional level: North America, Europe, China, and Japan.
4. Tire Recovered Carbon Black Market
Thanks to its eco-friendly nature, recovered carbon black has extensive applications in the tire and non-tire rubber products as a robust reinforcing filler. It is an environmentally friendly material originating from tires, which are disposed of for recycling purposes. These tires are treated by a variety of carbon recovery procedures.
This study focuses on the volume and value of Tire Recovered Carbon Black at global, regional, and enterprise levels. This study reflects the overall Tire Recovered Carbon Black market size from a global perspective by evaluating historical data and prospects for the future. This study focuses on North America, Europe, China, and Japan region.
5. Specialty Carbon Black Market
This report analyses the Global Carbon Black Specialty market size (value, efficiency, production, and consumption) in key regions such as the United States, Europe, Asia Pacific (China, Japan), and other regions.
This study categorizes the global Carbon Black Specialty breakdown data by producers, country, size, and application and also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities, and challenges.
6. Conductive Black Market
Conductive carbon black is the most reliable and cost-efficient choice for producing electrically conductive plastic compounds. Conductive blacks are specifically designed for rubber applications that need conductivity with good physical properties and the processability of compounds.
This study focuses on the volume and value of the Conductive Black market at global, regional, and enterprise levels. This study reflects the total Conductive Black market size from a global perspective by examining historical data and future prospects. The study focuses on North America, Europe, China, and Japan regions.
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