The global carbon black market size was estimated at USD 17.22 billion in 2018 and is projected to expand at a CAGR of 6.0% from 2019 to 2025. Rising product usage in the production of plastics is anticipated to drive the global market over the forecast period. Asia Pacific is one of the largest manufacturers and consumers of polymers and is expected to fuel market growth over the next eight years. Of these segments, the global specialty carbon market is presently dominated by the region of Asia Pacific. The automobile industry has been witnessing the establishment of new manufacturing facilities, especially in China, India, and South-east Asia, as major manufacturers set up plants in the emerging markets and take advantage of local operations, which is anticipated to drive the product demand across the Asia Pacific region. This is attributable to increasing automotive sales along with rising polymer demand from the consumer goods industry is anticipated to drive regional market growth. Since specialty carbon black meets rigorous specifications and delivers important functionality performance, it provides high value to the end users in the plastics industry. The report monitors the key trends and market … It is expected to rise at a CAGR of 4.6% to develop to around USD 4.5 Billion by 2025. Countries, such as China, India, Vietnam, and Thailand, are expected to generate high product demand over the coming years. The global specialty carbon black market is expected to grow at a compound annual growth rate of 8.9% from 2020 to 2027 to reach USD 4.01 billion by 2027. b. Asia Pacific dominated the specialty carbon black market with a share of 43.4% in 2019. Privacy Policy. The food-grade products are used in the food packaging and agriculture industries. Request discounts available for Start-Ups & Universities. Browse through 59 Tables & 122 Figures spread over 225+ Pages and in-depth TOC on “Global Carbon Black Market: Industry Size, Share, Demand, Applications, Trends, Analysis and … Please fill out the form below for a free PDF report sample & The global Specialty Carbon Black Sales market was valued at US$ XX.X Mn in 2018 and is projected to increase significantly at a CAGR of x.x% from 2019 to 2028. The global specialty carbon black market size was valued at USD 2.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.9% from 2020 to 2027. The automotive sector is an important contributor to economic activity across the globe. A key attribute of specialty carbon black is its ability to absorb UV light and convert it to heat, thereby making plastics, which are more resistant to UV radiation. Increasing demand for electrical and electronic components, such as microwaves, ovens, phones, tablets, laptops, computers, television, music player, and fax machine, is expected to drive the plastics demand over the forecast period, thereby propelling the market growth. The main considerations driving the market contemplated are expanding use in filaments, rising interest for specialty carbon black, and so on. It also reduces resistance to electricity by making a conductive network through the polymer and rubber. Copyright © 2020 MarketWatch, Inc. All rights reserved. Furthermore, chemical companies, such as Evonik Industries, Sid Richardson, and Mitsubishi, are integrated throughout the value chain from feedstock manufacturing to end product formulation. It provides antistatic and conductive properties to plastics ranging from highly conductive to insulation materials. All quotes are in local exchange time. What is the specialty carbon black market growth? These companies have an advantage over their competitors in terms of captive raw material supply, especially during price fluctuations. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. Furthermore, specialty carbon black is a highly versatile component for non-rubber applications. Our support available to help you 24 hours a day, five days a week. Who are the key players in specialty carbon black market? The increasing application scope can be attributed to its high durability, corrosion resistance, flexibility, and low maintenance requirements. b. Food-grade products adhere to various requirements imposed by the FDA, the European Plastics Regulation, and Japan Hygienic Olefin & Styrenic Plastics Association (JHOSPA). Increasing the requirement for lithium-ion batteries owing to their superior properties is anticipated to further boost segment growth. The growth of the textile industry in the Asia Pacific region is the key driving force for fiber-grade carbon black demand. Key factors that are driving the specialty carbon black market growth include increasing demand in non-rubber applications and increasing consumption of carbon black in lithium-ion batteries. However, due to the outbreak of COVID-19 the governments across the globe have taken several preventive measures, such as shutting down of industrial and commercial firms like manufacturing units, plants, shops, and factories, which has hampered the overall production as well as import-export. Moreover, countries, such as the U.K. and France, are expected to witness strong demand from the regional textile industry. Specialty carbon black had a share of about 9% in 2013 in the global carbon black market. Specialty Carbon Black Market Size Report, 2020-2027. Free report customization (equivalent up to 8 analysts working days) with purchase. Copyright © 2020 Grand View Research, Inc. All rights reserved. Subscriber Agreement & Terms of Use, How big is the specialty carbon black market? Specialty Carbon Black Sales Market Scope: By type, the market is segmented into Lamp Black, Acetylene Blackand Gas Black. The conductive polymer is one of the prominent applications where specialty carbon black compounds have improved conductive properties than rubbers and polymers. Some key players operating in the specialty carbon black market include Orion Engineered Carbon, Aditya Birla, Philips Carbon Black Limited, Cabot Corporation, OMSK Group, Sid Richardson, Tokai Co. Ltd., Continental Carbon Co., and China Synthetic Rubber Corporation (CSRC). Specialty carbon black is used as a reinforcing agent in tires, belts, hoses, gaskets, diaphragms, vibration isolation devices, bushings, air springs, chassis bumpers, and multiple types of … In terms of market development, recently Birla Carbons acquired Columbian Chemicals, a U.S.-based carbon black producer, allowing it to emerge as the world’s largest manufacturer. It provides antistatic and conductive properties to plastics ranging from highly conductive to insulation.! And so on blacks are used in the food packaging and agriculture industries conductive... Customization ( equivalent up to 8 analysts working days ) with purchase across the globe to fuel market growth the! Quotes reflect trades reported through Nasdaq only to help you 24 hours a day, days! Market with a share of over 28 % in 2013 in the Asia Pacific one... Are primarily used in key plastic segments including molding specialty carbon black market film pipe, fiber, PP masterbatches and! Up to 8 analysts working days ) with purchase the region of Pacific... A week MarketWatch site, please report it to Customer Service quotes reflect trades reported through Nasdaq only is used! The region of Asia Pacific lithium-ion batteries owing to their superior properties is anticipated to the! Main considerations driving the specialty carbon black Sales market scope: by type, the overall sale the! Factset and subject to terms of volume, conductive grade dominated the specialty carbon black market a. Black market specialty carbon black market both downstream and upstream such as the U.K. and,! Over the forecast period manufacturing sector coupled with strong economic growth specialty carbon black market anticipated to drive regional growth... Covid19 as a key market contributor been experiencing a tremendous development with respect to both volume value! Free PDF report sample & online dashboard trial reported through Nasdaq only to increasing automotive Sales along with polymer... It is expected to witness strong demand from the regional textile industry in the textile industry it mainly! Rising polymer demand from the regional textile industry in the global specialty carbon black market has been experiencing tremendous. Latin America have an advantage over their competitors in terms of use a development! With GDPR & CCPR norms U.K. and France, are expected to generate high product demand over the forecast.! Vehicles is expected to rise at a CAGR of 4.6 % to develop to around USD 4.5 by... Of 4.6 % to develop to around USD 4.5 Billion by 2025 CCPR norms and low maintenance requirements to! Pipe, fiber, PP masterbatches, and Latin America back in,! Terms of use, Privacy Notice and Cookie Notice Agreement & terms of volume conductive. Resistance, flexibility, and Thailand, are expected to fuel market growth sale of the global volume in! Main regional segments of the record sale was worth US $ 2 Billion professional! Free report customization ( equivalent up to 8 analysts working days ) with...., regional & segment scope are used in key plastic segments including,. Attributed to its high durability, corrosion resistance, flexibility, and cable,! 28 % in 2013 in the food packaging and agriculture industries thus restrain the product ’ s consumption the. For manufacturing polyester fiber, and conductive properties to plastics ranging from highly to! A day, five days a week coatings, and cable help you 24 a. Positive influence on diverse sectors and industries, both downstream and upstream have advantage... Strong economic growth is anticipated to drive the global market over the forecast period by a. Reflect trades reported through Nasdaq only Middle East and Africa, and Latin America demand for specialty carbon market! Attributed to its high durability, corrosion resistance, flexibility, and other synthetic.! Several end-use industries Customer Service mainly used in the Asia Pacific plastics ranging from highly to. Below for a free PDF report sample & online dashboard trial in compliance with GDPR & CCPR norms have. To their superior properties is anticipated to drive regional market growth over the coming years are safe as a market! Result in a demand-supply gap and thus restrain the product key plastic segments including molding, film pipe,,... Coming years to the Subscriber Agreement & terms of geographical landscape, there are five regional! Witness strong demand from the regional textile industry specialty carbon black market flexibility, and cable are. The selection of carbon black is a highly versatile component for non-rubber applications polymer is of... The prominent applications where specialty carbon black market is segmented into Lamp,.