The Scope of Carbon Black in plastics and paints & coatings, and increased demand from various end-use industries such as automotive and aerospace. 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 applications.
To Get Sample Report @
Top Global Competitors:
The Top Global Players operating in the Carbon Black Market are: 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., 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., and Jiangxi Black Cat Carbon Black Inc. Ltd.
Carbon Black Market is segmented across Five Regions in the world namely: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
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.
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 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.
The 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
To Access Report @