Chemical

According to a new market report published by Lucintel, the future of the global carbon black market looks promising with opportunities in the transportation, industrial, and building and construction sectors. The global carbon black market is expected to reach an estimated $25.6 billion by 2027 with a CAGR of 6.9% from 2021 to 2027. The major drivers for this market are increasing tire production, growth in the plastic and coating market, and increasing penetration of specialty carbon black to enhance UV protection, pigmentation, and conductivity/anti-static properties in various applications.

In this market, carbon black is used as a reinforcement agent in tire and non–tire rubber goods. It is also used as a pigment and performance additive in coatings, polymers, printing, and other applications. Lucintel predicts that carbon black for tire rubber will remain the largest application segment over the forecast period, supported by increasing demand for passenger cars and light commercial vehicles. Lucintel forecasts that plastics is expected to witness the highest growth over the forecast period due to growth in the plastic pipe, wire & cable, and packaging markets.

Within the global carbon black market, transportation will remain the largest end use industry during the forecast period, supported by increasing demand for tire and mechanical rubber goods. Lucintel predicts that the demand for carbon black in the packaging end use industry is likely to experience the highest growth in the forecast period, driven by growth in the food and beverage, household product, personal care, and pharmaceutical sectors.

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, driven 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 industry, include growing usage of recycled and bio-based carbon black and a shifting focus from commodities to more specialized grades of carbon black. Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), Orion Engineered Carbons Holdings, OMSK Carbon Group, Tokai Carbon, and Philips Carbon Black are among the major carbon black providers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global carbon black market by application, end use, grade, function, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Carbon Black 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 market by application, end use, grade, function, and region as follows:











































This 254-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-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 market by application (tire rubber, non-tire rubber, plastics, ink, coating, and others), end use industry (transportation, industrial, building and construction, printing and packaging, and others), grade (commodity carbon black and specialty carbon black), function (reinforcement, coloring, conductivity, UV protection, and others), 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?