Carbon black is obtained from the partial combustion or decomposition of hydrocarbons, including oil and natural gases. Apart from carbon, it also comprises oxygen, nitrogen, hydrogen, and sulfur. It is widely adopted as a strengthening agent and a filler in the manufacturing of various rubber-based products. Apart from this, it is also mixed with cement in order to enhance the surface hardness, uniformity, and tensile and compressive strength of residential and commercial buildings.
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.
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.
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Global Carbon Black Market Trends:
The global market is primarily driven by significant growth in the automotive sector. The increasing adoption of carbon black in the manufacturing of automotive tires to prevent the building of electrostatic charge is creating a positive outlook for the market. Along with this, the rising utilization of carbon black in the manufacturing of hoses, belts, air springs, conveyor wheels, grommets, and gaskets is providing a boost to the market growth across the globe. The widespread product adoption across the paint and coatings industry for providing a protective layer on certain surfaces is contributing to the market growth further.
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Key Market Segmentation:
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
Breakup by Grade:
- Standard Grade
- Specialty Grade
Breakup by Application:
- Non-Tire Rubber
- Inks and Coatings
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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