Carbon Black Market is anticipated to grow at a CAGR of 4.03% from 2021 to 2027 globally – Axiom MRC

The factors like the growing application of the carbon black in the plastics and coating industries, along with the rapid growth in the rubber industry, growing demand for the carbon black in the region of Asia Pacific, and increase in the demand for the conductive properties and UV protection in the plastics have been driving the carbon black market during the forecast period. The factors like growing production and sales of automobiles, increasing significance of the carbon black in electric equipment, increasing demand of carbon black for the manufacturing and construction industry, and conducting components like semi-conductors and magnetic tapes have been estimated to contribute towards the growth of carbon black market.

New York, September 2021: Axiom Market Research & Consulting™ added a report on carbon black market which includes study on type, application, grade, and geography. The carbon black market was projected to grow at a CAGR of 4.03% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (‘000 Tons) generated by the carbon black market.

The report analyses the global carbon black market based on the type, application, grade, and geography. By type, the carbon black market is segmented into acetylene black, channel black, furnace black, thermal black, and others. By application, the carbon black market is segmented into tire, non-tire rubber, inks and coating, plastic, and others. By grade, the carbon black market is segmented into standard grade and specialty gradeCop. By geography, the carbon black market is studied across the regions including North America, Europe, Asia-Pacific, and Rest of the World.

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The key players in the carbon black market are Cabot Corporation, Asahi Carbon Co., Ltd, China Synthetic Rubber Corporation, Jiangxi Black Cat Carbon Black Inc., Ltd, Himadri Chemicals & Industries Ltd, Longxing Chemical Stock Co, Ltd, Nippon Steel & Sumikin Chemical Co., Ltd, Mitsubishi Chemical Corporation, OCI Company Ltd, Orion Engineered Carbons S.A, OMSK Carbon Group OOO, Phillips Carbon Black Limited, Shandong Huadong Rubber Materials Co., Ltd, Ralson Goodluck Carbon, Shandong Lion King Carbon Black Co., Ltd, Suzhou Baohua Carbon Black Co., Ltd, SID Richardson Carbon & Energy Co, Thai Carbon Black Public Company Limited (Birla Carbon), and Tokai Carbon Co., Ltd among others.

Regional Trends of Carbon Black Market

Based on the geography, the carbon black market is studied across the regions including North America, Europe, Asia Pacific, and Rest of the World. The Asia Pacific region have held the highest market share of the carbon black market and it is also expected to dominate the market during the during the forecast period. The factors like increased demand in the tire manufacturing and adoption of automotive vehicles has been expected to contribute towards the growth of the carbon black market in the Asia Pacific region. The rapid growth in the ink and coating, automobile, and rubber industries have been the major factor behind the growth of the carbon black market across the Asia Pacific region.

Carbon Black Market Segmentation Highlights

• The furnace black segment type has been projected to witness fast growth in the carbon black market during the forecast period. Increasing use of furnace black in various applications owing to owing to the maximum production capacity is attributed to the segment growth.
• The tire application segment has dominated the carbon black market in last few years, and it is also expected to maintain its dominance over the forecast period. Rising use of carbon black in automobile tires is accredited to the growth of the segment in the carbon black market
• The specialty grade segment has been expected to experience fast growth in the carbon black market during the forecast period
• Asia Pacific is expected to hold largest market share during the forecast period

Research Objectives of Carbon Black Market Report:

• Analysing the outlook of the carbon black market with the recent trends and Porter’s five forces analysis
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the carbon black market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments and strategies employed by the major market players

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