Carbon Black Market Size, Share, Industry Report, 2030

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Carbon Black Market is Expected to Grow at a CAGR
of 4.82 by 2030
According to ChemAnalyst report, Carbon Black
Market Analysis Plant Capacity, Production,
Operating Efficiency, Technology, Demand
Supply, End-User Industries, Distribution
Channel, Regional Demand, 2015-2030. Carbon
Black market observed a promising demand in the
past five years and is predicted to reach 27.21
million tons by 2030, along with a healthy CAGR
of 4.82 in the next ten years owing to their
applications in automobile tires, industrial
rubber products, Printing inks and toners, belts
hoses, Paints coatings and others Read Full
Report Here https//www.chemanalyst.com/industry-
report/carbon-black- market-440 Carbon Black is
an intense black form of amorphous carbon
produced by the partial combustion of
hydrocarbons (petroleum products) such as coal
tar, fluid catalytic cracking tar, ethylene
cracking tar or plant-based feedstock. It is
classified into Rubber Black and Specialty Black
based on its type. Carbon Black is used
prominently as a reinforcing agent in tires and
other rubber products as it increases resistance
to abrasion and wear and tear coupled with its
use to make rubber tires electrically conducting
to avoid creation of an electrostatic charge in
vehicles. It is also used extensively as black
pigment in printing ink, carbon paper and paint
as it is strongly tinted, heat labile and
suitable for film coating, protective coatings
thereby, contributing to the growing demand of
the chemical. Moreover, carbon black is an
excellent absorber of UV rays therefore added to
other materials for the prevention of ultraviolet
degradation.
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Read Free Sample Report Online
https//www.chemanalyst.com/ChemAnalyst/RequestFor
m In 2020, due to the outbreak of novel corona
virus across the globe, nationwide lockdowns were
imposed by the government to prevent the spread
of the virus that resulted into the significant
impact on various industries including the
decline in the demand for Carbon Black globally
due to major hit on automobile sector. Raw
material scarcity and trade restrictions cause
disruption in the production and the supply
chain thereby a slump was observed in overall
Carbon Black market across the nations in the
first half of the 2020. However, after the
upliftment of lockdown restrictions, all the
downstream industries started functioning with
their full efficacy coupled the surging demand
from Printing industry helped to recover its
market at a significant pace and is anticipated
to propel the market for Carbon Black in the
upcoming years. However, Carbon Black is a
derivative of crude oil therefore, fluctuations
in the prices of crude oil internationally would
directly impact its price coupled with the
emission of carbon dioxide during the production
process are the major restraints in the market
growth for Carbon Black. Regionally, Asia
Pacific region is perceived to lead the global
market for Carbon Black in the forecast period
owing to the growing use of Carbon Black in end
use industries such as automotive, paint and
coatings. In Automotive industry, it is utilized
for the synthesis of tire and other products
which is directly going to impel the demand for
Carbon black in the forecast period. Moreover,
manufacturers are investing and expanding their
production capacities into the region specially
in China, India, Bangladesh, Vietnam, Indonesia
due to cheap labor costs and assistance from
government thereby, contributing to the dominant
share of the region in the upcoming years.
Europe and North America are also anticipated to
show a promising growth in the forecast
period. According to ChemAnalyst report, Carbon
Black Market Analysis Plant Capacity,
Production, Operating Efficiency, Technology,
Demand Supply, End-User Industries,
Distribution Channel, Regional Demand,
2015-2030, Major players for Carbon Black
globally include BASF SE, Shandong Hongxin
Chemical co. Ltd., Stepan Company, Nan-Ya
Plastics, Exxon Mobil Corporation, Aekyung
Petrochemical, Polynt SPA, IG Petrochemicals,
Asian Paints, Lanxess, Proviron Basic Chemicals,
UPC Technology Corporation and Koppers
Industries. Carbon Black is directly linked to
Automotive and Plastics that are constantly
growing sectors owing to the rising population
and rapid industrialization, consequently driving
the growth of Carbon Black industry. Its high
demand from paints and coatings industry is
likely to drive the market growth in the
forthcoming years. Additionally, the rising focus
of the automotive manufacturers towards the
manufacturing of electric vehicles is expected to
drive the demand for carbon black as it is a
primary raw material in tire industry. With new
competitors emerging across the Asian Carbon
Black market, players are anticipated to be
sufficient for fulfilling supply demand gaps in
future. At this, it is extremely important to
keep an eye which region will grab
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the biggest market share in the upcoming years.
said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global
management consulting firm promoting
ChemAnalyst. Browse Related Reports Specialty
Carbon Black Market Analysis Plant capacity,
Production, Operating Efficiency, Process,
Demand Supply, Type, Application, Sales
Channel, Region, Competition, Trade, Customer,
and Price Intelligence Market Analysis
(2015-2030) https//www.chemanalyst.com/industry-
report/specialty-carbon-black-441 EPDM Rubber
Market Analysis Plant Capacity, Production,
Operating Efficiency, Technology, Demand
Supply, End-User Industries, Distribution
Channel, Regional Demand, 2015-2030. https//www.c
hemanalyst.com/industry-report/epdm-rubber-market-
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