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The latest report by IMARC Group, titled “Carbon Black Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the industry, which comprises insights on the global carbon black industry . The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global carbon black market size reached US$ 17.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 24.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.
Carbon black is a finely divided form of elemental carbon, typically produced by the incomplete combustion of hydrocarbon-based materials. During its manufacturing process, hydrocarbons such as oil or natural gas are burned with a limited supply of air or oxygen, resulting in the formation of fine particles of carbon. This process can occur either through the furnace black process, which involves combusting hydrocarbons at high temperatures in the presence of a catalyst, or through the thermal black process, where the hydrocarbons are heated in a furnace without the presence of a catalyst. Its importance lies in its versatility across industries, serving as a crucial ingredient in the production of rubber products, plastics, printing inks, and coatings.
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Global Carbon Black Market Trends:
The global market is primarily driven by the increasing demand for carbon black stems from its widespread applications in rubber and plastic industries, construction, electronics, and automotive sectors. Additionally, the changing environmental regulations and sustainability initiatives propel the market towards eco-friendly alternatives, encouraging the development of carbon black products with reduced environmental impact which is creating a positive market outlook.
Moreover, continual technological advancements in carbon black production techniques enhance efficiency and product quality, catering to the evolving needs of various industries further contributing to market expansion. Furthermore, ongoing research and development efforts aimed at discovering new applications and improving the performance of carbon black contribute to market expansion.
By IMARC group, Some of the Top Carbon Black Companies Operating in the Industry are Given Below:
Cabot Corporation (NYSE: CBT) Thai Carbon Black Public Company Limited (Birla Carbon) (BKK: BCT) Orion Engineered Carbons GmbH Phillips Carbon Black Limited (NSE: PCBL) 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.
Key Market Segmentation:
Breakup by Application:
Tire Non-Tire Rubber Plastics Inks and Coatings Others
Breakup by Grade:
Standard Grade Specialty Grade
Breakup by Type:
Furnace Black Channel Black Thermal Black Acetylene Black 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 (2018-2023) Market Outlook ( 2024-2032 ) 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.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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