Global Carbon Black Industry Report: Analysis and Forecast 2022-2027
Regional Category Spend, Primary Demand, Price Analysis and Indicators, and Best Buying Practices of the Carbon Black Industry Report
The global Carbon Black industry was valued to be worth 14.56 MMT in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 4.4 percent, achieving a value of around USD 18.85 MMT by 2027.
The Carbon Black industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. The trade is being driven by soaring amount demanded from a wide range of industries, including elastomer reinforcements, paints and varnishes, and polyester. The Asia Pacific is the biggest category spender by region which is impelling the demand for the Carbon Black industry.
Carbon Black: Industry Definition and Segmentation
Scope
Combustion of fuel of heavy oil products such as catalytic cracking tar, coal tar, ethylene cracking tar, or vegetable matter yields carbon black (also known as acetone black, channels black, burner black, light black, or thermoelectric black). It is characterized by many minuscule catalyst particles. It’s often used as supporting compounds in mechanical action and other synthetic fibers, and completely black tints with significant concealment ability in screen printing, painter, and parchment.
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The carbon black industry report comprises segments:
- By application: Rubber, Plastics, Inks, Coating, others.
- By region: North America, Europe, Asia Pacific, the Middle East, Africa, and South America
Snapshot of the Report
The regional markets for the industry can be divided into North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
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Category Drivers
Because of the diverse applications of the product, the industry is growing. It is used in the paint and coating business because of its physical properties, including colour stability, solvent resistance, and heat stability. It provides pigmentation, UV protection, and thermal conductivity to coatings in the aerospace, automotive, marine, ornamental wood, and industrial sectors. It’s also used as a pigment in inkjet printers and artworks. The chemical is widely employed in the production of polymers. Plastic goods used as fillers include pipes, films, stretch wrap, industrial bags, photographic containers, and semi-conductive cable composites. It improves the performance of plastic objects by adding strength, thermal conductivity, antistatic properties, and UV protection.
The market is predicted to grow because of all the causes. Also driving the market are urbanisation, industrial expansion, and an increase in the number of construction and manufacturing businesses around the world.
Category Insight by Region
Due to the region’s numerous end-use industries, Asia Pacific owns the greatest share of the market. Market demand is driven by factors such as the growth of the automotive industry, increased vehicle demand, and regional industrialization. The region produces most of the global supply.
The surge in demand for the compound from the tyre and building & manufacturing industries is driving the industry. It is used to provide industrial rubber composites and other equipment strength. Carbon black is required for conveyor belts, gaskets, air springs, grommets, vibration isolation devices, hoses, and tyres, among other moulded and extruded industrial rubber goods. It increases the flex strength of such products. In the rubber business, carbon black is often used as a filler to provide reinforcing effects such as increasing the modulus or tensile strength. It is used in rubber-based adhesives, sealants, and coatings to increase the product’s intermolecular or cohesive force and impart conductivity. Other variables, like increased R&D spending and technological advances, provide the industry with even more traction.
Best Procurement Practices
The carbon black industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by the major customers of carbon black products across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
The black furnace process is the most frequent way to make carbon black. By partially combusting petroleum or coal oil as a raw material (feedstock oil) in high-temperature gases, this method produces carbon black. This technique is ideal for mass manufacturing because of its high yield, which allows for comprehensive control over aspects like particle size and structure. The by-product is used in a variety of applications, including rubber reinforcing and coloration.
Key Supplier Profiles included in the Carbon Black Industry Report
The key market players are Cabot Corporation, Orion Engineered Carbon, Jiangxi Black Cat Carbon Black Inc., Ltd., China Synthetic Rubber Corp., and Birla Carbon.
The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments in the market.
Also Check Other Industry Reports
- Global Pipes, Valves & Fittings Industry Report – https://www.procurementresource.com/reports/pipes-valves-fittings-industry-report
- Global Copper Mining Industry Report – https://www.procurementresource.com/reports/copper-mining-industry-report
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