(MENAFN- IMARC Group) According to the latest report by IMARC Group, titled "Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global carbon black market reached a value of US$ 18.2 Billion in 2020. Looking forward, IMARC Group expects the global carbon black market to exhibit moderate growth during 2021-2026. Carbon black represents elemental carbon produced by partial combustion or decomposition of hydrocarbons, including oil and natural gas, under controlled temperature and pressure. It primarily comprises of carbon, along with small amounts of hydrogen, sulfur, nitrogen, and oxygen. Carbon black is generally produced by the furnace method, which offers high yield and substantial control over the particle structure and output size, making it ideal for mass production. It finds extensive applications across numerous industries, including automotive and paint. Carbon black is also utilized as a filler and a strengthening agent in tires and various rubber products.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Carbon Black Market Trends:
The expanding automotive industry is primarily driving the demand for carbon black in the treads, inner liners, and sidewalls of tires to increase their strength and longevity. Moreover, carbon black is being widely used in various extruded and molded industrial rubber products, including air springs, belts, gaskets, hoses, etc., which is further catalyzing the market growth. Besides this, the growing product demand across the construction and manufacturing industries on diverse usage of industrial rubber and related equipment is also augmenting the global market for carbon black. Apart from this, the rising requirement of carbon black in the paints and coatings sector for producing jet black paints, which are used as protective coatings for several objects, is anticipated to fuel the global carbon black market over the forecasted period.
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Cabot Corporation
Thai Carbon Black Public Company Limited (Birla Carbon)
Orion Engineered Carbons GmbH
Phillips Carbon Black Limited
TOKAI CARBON CO., LTD.
Omsk Carbon Group OOO
Jiangxi Blackcat Carbon Black Inc., Ltd.
OCI COMPANY Ltd.
China Synthetic Rubber Corporation
SID Richardson Carbon & Energy Co.
Breakup by Type:
Furnace Black
Channel Black
Thermal Black
Acetylene Black
Others
Breakup by Grade:
Standard Grade
Specialty Grade
Breakup by Application:
Tire
Non-Tire Rubber
Plastics
Inks and Coatings
Others
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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