Carbon Black Market Size – Detailed Analysis of Current Industry Figures with Forecasts Growth By 2027

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Carbon Black Market Future Opportunities,
Segmentation, Growing Demand and Covid-19 Impact
Analysis By Top Companies, and Forecast to 2027
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Global Market Scenario of Carbon Black Industry

• The carbon black market share is expected to
  surpass USD 24.4 billion by 2027, cites the
  latest research by Global Market Insights, Inc.
• The COVID-19 pandemic has impacted the global
  carbon black market owing to a decline in the
  electronics industry demand in the light of
  nationwide lockdowns. Due to this, the year 2020
  recorded a negative product demand.
• Despite that, the industry is driven by a number
  of initiatives undertaken by major carbon black
  manufacturers and various organizations. For
  instance, in March 2020, a test facility was
  being developed for the conversion of CO2 from
  the air into solid carbon at KIT (Karlsruhe
  Institute of Technology).
• The unit will be the worlds first-of-its-kind
  container-scale facility for the conversion of
  CO2 present in the ambient air into immensely
  pure carbon black powder that can be deployed as
  a resource in the industry. Such advancements are
  touted to propel the demand for carbon black
  powder and other materials through the coming
  years.

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• This growth is due to the high demand for
  coatings on account of surging product
  applications across the automotive, aerospace,
  and packaging industries. These coatings will
  witness a growth of 5.9 through the anticipated
  period.
• In addition, the market is propelled by strong
  demand for polymers from numerous end-user
  sectors. The polymer segment will witness a
  growth of 6.3 over the analysis period. The
  current trend of the replacement of metals with
  polymers is bolstering the demand for polymers
  across the transportation as well as automobile
  industries.
• The rising usage of specialty carbon black across
  an extensive range of polymers ranging from
  polyolefins to engineering thermoplastics is one
  of the major trends in the carbon black industry.
  This increase is due to the long lasting opacity
  or color which is offered by carbon black
  materials. The industry is characterized by
  increased demand for coatings, paints, polymers,
  and inks in the Asia Pacific.
• Furthermore, several companies, comprising Cabot
  Corporation, Himadri Specialty Chemical Ltd., and
  Orion Engineered Carbon are focusing on the
  expansion of production facilities for tapping
  the potential of the specialty carbon black
  market.

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360 Industry Analysis

• Moreover, increasing opportunities for export to
  nearby regions like the Asia Pacific and the
  Middle East have been instrumental in driving
  product adoption in Europe. The region is
  characterized by the strong growth of the rubber
  segment owing to the surging demand for
  mechanical rubber goods and tires. Countries
  situated in Eastern Europe have depicted
  promising growth owing to the improving economic
  environment.
• On the whole, the rapidly expanding demand for
  carbon black materials in the tires and rubber
  goods industry will augment market size through
  the estimated span.
•  

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• Competitive Analysis
• Cabot Corp., Continental Carbon Company, HEG
  Ltd., Showa Denko K. K., Bridgestone Corp.,
  Phillips Carbon Black Limited, Birla Carbon,
  Orion Engineered Carbons, OCI Company Ltd.,
  GrafTech International, Lianyungang Jinli Carbon
  Co., Ltd., Tokai Carbon, BTR New Material Group
  Co., Ltd. are some of the key players operating
  in the Carbon Black Market.

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