According to a new market report published by Lucintel, the future of the global carbon black market looks attractive with opportunities in the transportation, industrial, and building & construction, and packaging sectors. The global carbon black market is expected to reach an estimated $20.2 billion by 2023 with a CAGR of 6.0% from 2018 to 2023. The major growth drivers for this market are increasing tire production, and rising demand for specialty carbon black in plastic, ink, and coating applications.

Browse 96 Market Data Tables and 103 Figures spread through 184 Pages and in-depth TOC on "Global Carbon Black Market- Global Forecast to 2023"

To download report brochure, please go to http://www.lucintel.com/carbon-black-market-2018.aspx and click "report brochure" tab

In this market, carbon black is used as a reinforcement agent in tire and non–tire rubber goods and it is also used as a pigment and performance additive in coatings, plasticss, ink, and other applications. Lucintel predicts that the carbon black demand in the tire will remain the largest application over the forecast period supported by continuously increasing the fleet size of passenger cars and light commercial vehicle. Lucintel forecasts that the plastic segment is expected to witness the highest growth in the forecast period due to growth in plastic pipe, wire & cable, and packaging market.

Within the global carbon black market, the transportation will remain the largest end use industry during the forecast period supported by increasing demand for the tire and mechanical rubber goods. Lucintel predicts that the demand for carbon black in the packaging end use is likely to experience the highest growth in the forecast period supported by growth in the food and beverages, household products, personal care, and pharmaceuticals sectors

Asia Pacific is expected to be the largest region by value and volume and will experience the highest growth over the forecast period supported by higher vehicle production and shift of tire production in low-cost countries, such as India and China.

Emerging trends, which have a direct impact on the dynamics of the industry, include growing usage of recycled and bio-based carbon black, and shifting focus from commodity to more specialize grade carbon black. Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), Orion Engineered Carbons Holdings, OMSK Carbon Group, Tokai Carbon, Philips Carbon Black, and Sid Richardson Carbon & Energy are among the major carbon black providers.

The Lucintel report includes a forecast for the global carbon black by application, end use, and region as follows:

By Application [Kilotons and $M shipment analysis from 2012 to 2023]:

Tire RubberNon-Tire RubberPlasticInkCoatingOthers
By End Use Industry [Kilotons and $M shipment analysis from 2012 to 2023]:

TransportationIndustrialBuilding and ConstructionPrinting and PackagingOthers
By Region [Kilotons and $M shipment analysis for 2012 – 2023]:

North AmericaUnited StatesCanadaMexicoEuropeGermanyItalyRussiaAsia PacificChinaJapanIndiaThailandIndonesiaSouth KoreaThe Rest of the World
This 181-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/carbon-black-market-2018.aspx or [email protected]

Inquiry before buying@ http://www.lucintel.com/pq/carbon-black-market-2018.aspx

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

Current Press Releases of Lucintel @ http://www.lucintel.com/press-release.aspx