The global carbon black market is expected to reach USD 28.05 billion by
2022, according to a new report by Grand View Research, Inc. Increasing
automotive sales and consequent rise in tire production is expected to drive
industry growth over the forecast period.
High demand for plastics and high performance
coatings in automotive manufacturing is also expected to have a positive
influence on the market growth. Carbon black provides electrical conductivity
and antistatic properties to many plastic products ranging from insulation
materials to highly conductive areas.
Policies aimed at reducing GHG emissions during
carbon black production processes may hamper growth trajectory over the
forecast period. Since the production process is highly energy intensive,
optimization of processes and greener & sustainable alternatives are
paramount to tackle such issues in future.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/carbon-black-market
U.S. carbon black market volume by application, 2012-2022, (Kilo Tons)
Further key findings from the report
suggest:
·
Global carbon black market demand was 11.99
million tons in 2014 and is expected to reach 16.40 million tons by 2022,
growing at a CAGR of 3.9% from 2015 to 2022
·
Tires were the leading application segment and
accounted for over 70% of the overall volume in 2014. Increasing passenger car
sales and a robust aftermarket and OEM sectors of automotive industry are
expected to drive tire production, thereby increasing carbon black consumption
over the forecast period.
·
Plastics are expected to be the fastest growing
application segment at a CAGR of 4.3% from 2015 to 2022. Increasing usage of
specialty grades for improving electrical conductivity, better UV resistance
and antistatic properties in plastics is expected spur growth.
·
Asia Pacific dominated the global market with
demand share estimated 54.8% in 2014. Increasing carbon black demand in
plastics, general rubber goods and tire manufacturing particularly from
emerging economies of China, India, and Indonesia is expected to drive the
regional market over the forecast period. Mature markets of North America and
Europe are characterized by increasing regulatory intervention to reduce
greenhouse gas emissions during carbon black production.
·
The industry has a presence of large
multinational corporations who have integrated their operations, i.e., from
feedstock to carbon black production. Compared to independent manufacturers,
these companies enjoy a distinct advantage of cutting down on raw material
procurement costs.
·
Key players in the global carbon black industry
include OJSC Kremenchug, OMSK Carbon Group, Tokai Carbon Co. Ltd., Sid
Richardson Carbon & Energy Co., Ralson Goodluck Carbon, Asahi Carbon Co.
Ltd., Atlas Organic Pvt. Ltd., Continental Carbon, OCI Co. Ltd., Birla Carbon
and Cabot Corp.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the carbon black market on the basis of application and region:
Global Carbon Black Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
·
Tires
·
High Performance Coatings
·
Plastics
·
Others
Global Carbon Black Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2022)
·
North America
·
U.S
·
Europe
·
UK
·
Asia Pacific
·
China
·
Latin America
·
Brazil
·
Middle East &Africa
·
UAE
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