New York City, 06 Feb 2020: The
global carbon black market size
is anticipated to reach 17.58 billion by 2026, growing at a CAGR of 5.2% during
the forecast period, according to a report published by Polaris Market
Research. The report ‘Carbon Black Market By Product Type
(Thermal Black, Channel Black, Furnace Black, and Others), By Application
(Plastics, Tire, Non-tire, Coatings and Others), By Regions& Segments
Forecast, 2018 – 2026’ provides an extensive analysis of present
market dynamics and predicted future trends.
Carbon black is generally a
reinforced material into components of vulcanized rubber and finds numerous
applications wherein majorly the 60% of it is consumed in manufacturing of the
automobile tires. Special blacks that have been introduced in the market for
over a decade is substantially highly priced per kilogram in comparison to the
carbon blacks for commodity production. Special blacks have still not been
commercialized in every aspect and are still mainly in the developing stage of
the product lifecycle. Also, the manufacturers have invested heavily in their
R&D activities.
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Coatings, plastics, paints, inks,
and others are among the most widely used solutions in the infrastructure &
construction sectors. These industries have witnessed rigorous growth in the
developed nations. In the developing countries such as those of Asia Pacific
region also these industries have witnessed tremendously higher growth.
Construction industry in Latin America has also seen significant boom for the
past five years due to strong manufacturing base in the U.S. Asia Pacific has
also developed extensively in terms of being a major manufacturing hub with
major contributing economic efforts from countries such as South Korea, India,
Japan, and some of the South East Asian countries.
The presence of international
leading car manufacturing countries such as South Korea and Japan have further
strengthened the development of rubber and expansion of the tire manufacturing
base in the whole region. The tore manufacturing sector in China and India has
witnessed tremendous growth since 2010. Both these countries are known to be
among the major exporters not just in their regional market instead
internationally. The above-mentioned parameters and mega trends have
strengthened the demand of carbon black significantly with rapidly growing
production and consumption trends.
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Research Report @ https://www.polarismarketresearch.com/industry-analysis/carbon-black-market/request-for-discount-pricing
The report provides an extensive
qualitative and quantitative analysis of the market trends and growth prospects
of the Global Carbon Black Market, 2017-2026. This report comprises a detailed
geographic distribution of the market across North America, Europe, APAC and
South America, and MEA. North America is further segmented into U.S., Canada.
Europe is divided into Germany, UK, Italy, and Rest of Europe. Asia-Pacific is
bifurcated into China, India, Japan, and Rest of Asia-Pacific.
Competitive Landscape and Key Vendors
Asia Pacific is anticipated to
become the dominant player by 2026. This is mainly due to the presence of
strong base of automobile manufacturing in few of its countries. Moreover,
increasing automobile production in countries such a India coupled with other
Southeast Asian countries India’s increasing automobile production along with
the other Southeast Asian countries are among the crucially significant factors
driving the market demand.
Some of the significant market
players for the carbon black include Cabot Corporation, Shandong Huadong
Rubber Materials Co., PJSC, Ltd., Suzhou Baohua Carbon Black Co., Ltd.,
Shandong Lion King Carbon Black Co., and Asahi Carbon Co., Ltd. Some more
companies include Himadri Chemicals & Industries Ltd., Nippon Steel &
Sumikin Chemical Co., Ltd., Ltd., Mitsubishi Chemical Corporation, Longxing
Chemical Stock Co, Ltd., Ralson Goodluck, SID Richardson & Energy Co. Tokai
Co., Ltd., OCI Company Ltd., Jiangxi Cat Inc., Ltd., China Synthetic Rubber
Corporation, OMSK Group OOO, Orion Engineered S.A., Phillips Black Limited, and
Thai Carbon Black Public Company Limited.
About Polaris Market
Research
Polaris Market Research is a global market research
and consulting company. The company specializes in providing exceptional market
intelligence and in-depth business research services for our clientele spread
across different enterprises.
Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
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