Chemical

According to a new market report published by Lucintel, the future of global carbon black in tire market looks promising with opportunities in the passenger car tire, and commercial vehicles tire applications. The global carbon black in tire market is expected to reach an estimated $13.9 billion by 2027 with a CAGR of 5.2% from 2021 to 2027.  The major drivers of growth for this market are strong demand for tires from passenger cars and commercial vehicles.

In this market, passenger car tire, commercial vehicle tire, and others are the major application of carbon black in tire market. Lucintel predicts that the carbon black tire demand for carbon black in commercial vehicles is likely to experience the significant growth in the forecast period supported by rapid development of the transportation infrastructure in emerging nation and recovery in global economy.

Within the carbon black tire market, the replacement tire industry is expected to remain the largest segment over the forecast period. Rising average vehicle life and continuous expansion of automotive vehicle fleet is expected to spur growth for this segment over the forecast period.

Asia Pacific will remain the largest region by value and volume, and it is also expected to witness the highest growth over the forecast period, propelled by higher vehicle production and shift of tire production to low-cost countries, such as India and China.

Emerging trends, which have a direct impact on the dynamics of the carbon black tire industry, include the shift from commodity to more specialize grade carbon black, growing usage of recycled and bio-based carbon black and increasing merger and acquisition activities to consolidate the market. Birla Carbon, Orion Engineered Carbon, Cabot, Omsk Carbon Group, and Philips Carbon Black are among the major suppliers of carbon black in tire market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global carbon black in tire market by application, end use, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Carbon Black in Tire Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global carbon black in tire market by application, end use, and region as follows:


























This 205-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/carbon-black-in-tire-market.aspx or write us at helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high growth opportunities for the global carbon black in tire market by application (passenger car tire, commercial vehicles tire, others), and end user industry (OEM, replacement), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and the reasons behind them?

Q.7 What are the changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?

Q.11 What M & A activities have taken place in the last 5 years in this market?