Carbon Black Market: Future Demand, Key Vendors Analysis, Industry Outlook to 2023


Posted May 29, 2018 by harishsomani321

Carbon Black Market is likely to register a healthy CAGR of 4.59% during 2017 to 2023 and it is estimated to reach a market size of USD 17.23 billion by 2023

 
Market Synopsis:
Global carbon black market research report project that the carbon black market is likely to register a healthy CAGR of ~4.59% during the review period from 2017 to 2023 and is estimated attain a market size of USD 17.23 billion by value till 2023.The market is has witnessed yet another significant year with robust growth during 2016-2017 due to revived demand from the major end-use industries such as tire, paints & coatings, and plastics. This growth trajectory is primarily attributed to rising usage of carbon black in tire manufacturing, widening application scope of carbon black in plastics and paints & coatings, and increased demand from various end-use industries such as automotive and aerospace.
Carbon black is composed of fine particles produced by thermal decomposition of oils or gases. The particle size, shape and structure decide the characteristics of carbon black. It has excellent mechanical properties and abrasion resistance. Owing to these features, it is used in various applications such as polymers, inks and paints, tires, electrical & electronics, and others.


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Regional Analysis:
Geographically, Carbon Black Market is segmented across Five Regions in the world namely: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific is estimated to hold the major share in the market during the forecast period due to its growing consumption of carbon black in major industries such as inks & paints, electrical & electronics, and others.
The European region is predicted to witness a rapid growth in the market due to growing usage of the furnace black in the rubber and tires industries. The carbon black market is predicted to observe a significant growth due to its growing popularity of thermal black segment in the polymer industry.
The Middle East & Africa is estimated to observe a rapid growth in the market due to its increasing consumption of acetylene black in electrical & electronics industries. A significant growth is predicted in the Latin American region due to growing production of carbon black for aviation, automotive, electrical & electronics industries.



Market Categorization:
The Global Carbon Black Market is categorized on the basis of Type, Application, and Grade:  On The Basis Of Type; Furnace Black, Thermal Black, Acetylene Black, and Lampblack. On The Basis Of Application; Polymers, Inks and Paints, Tires, Electrical & Electronics, Automotive, and Aviation. And On The Basis Of Grade; Standard, and Quality


Top Global Competitors:
The Major Players operating in the Carbon Black Market are: Mitsubishi Chemical Corporation, Cabot Corporation, OCI COMPANY Ltd., Orion Engineered Carbons, Phillips Carbon Black Ltd., Tokai Carbon Co. Ltd., Longxing Chemical, JINNENG, Himadri Speciality Chemical Ltd., ChemChina, Sid Richardson Carbon and Energy Co. Ltd., Kremenchug Carbon Black Plant, Shandong Huadong Rubber Materials Co. Ltd., NIPPON STEEL & SUMIKIN CHEMICAL CO. LTD., Shijiazhuang Xinxing Chemical Carbon Co. Ltd., Hebei Daguangming Juwuba Carbon Black Co. Ltd., Suzhou Baohua Carbon Black Co. Ltd., and Jiangxi Black Cat Carbon Black Inc. Ltd. 


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Issued By Market Research Future
Country India
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Tags carbon black market , carbon black market analysis , carbon black market forecast , carbon black market industry , carbon black market industry analysis , carbon black market research report , carbon black market trends , global carbon black market
Last Updated May 29, 2018