In accordance with this study, the Global Carbon Black Market value registered in 2022 was close to USD 38.03 BN and is predicted to outstretch revenue by USD 23.15 BN in 2030 with a CAGR of 6.4% during the period of 2023-2030. Regarding volume, the market was calculated XX Kilo Tons in 2022 and forecast to touch XX Kilo Tons by 2030 with a CAGR of XX% during 2023-2030
Carbon black is an elemental carbon which is in the form of fine or aggregate particles that are formed by incomplete combustion or decomposition of hydrocarbons under controlled temperature and pressure. Major types of carbon black are furnace black, thermal black, acetylene black, and gas black. Carbon black is used in a wide range of materials to enhance their performance in terms of physical, electric, and optical properties. Moreover, carbon black is extensively used in various formulations with different rubber types to customize the performance properties of tires.
Market Dynamics
The increasing demand for carbon black from the tire industry owing to its effect on mechanical and dynamic properties of tires is stimulating the market growth. Furthermore, increasing demand from the rubber industry as carbon black is majorly used as a filler to achieve reinforcing effects is boosting the market growth. However, the availability of substitute such as silica could hinder the market growth.
The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of carbon black.
Market Segmentation
The study offers a decisive view of the global carbon black market by segmenting it in terms of application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Application
- Tires
- High Performance Coatings
- Plastics
- Others
Regional Analysis
This section covers carbon black market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global carbon black market along with the individual application segment across all the prominent region.
Global Carbon Black Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global carbon black market are Orion Engineered Carbons Holdings GmbH, OMSK Carbon Group, Sid Richardson Carbon & Energy Co., Tokai Carbon Co. Ltd., Asahi Carbon Co. Ltd., Ralson Goodluck Carbon, Atlas Organic Pvt. Ltd., Continental Carbon Co., OCI Company Ltd., Birla Carbon, Bridgestone Corp., Cabot Corp., China Synthetic Rubber Corporation (CSRC), Himadri Companies & Industries Ltd. (HCIL), Mitsubishi Chemicals, Nippon Steel & Sumikin Chemical Co. Ltd., Jiangxi Black Cat Carbon Black Inc. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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