Carbon Black Market Business Overview, Challenges, Opportunities, Trends and Market Analysis by 2023

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Carbon Black Market Research Report - Forecast to
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Carbon Black Market Research Report- Forecast to
2023
Carbon Black Market - Overview
Global Carbon Black Market research report
project that the Carbon Black Market is likely to
register a healthy CAGR of 4.59 during the
review period from 2017 to 2023 and is estimated
attain a market size of USD 17.23 billion by
value till 2023.The market is has witnessed yet
another significant year with robust growth
during 2016-2017 due to revived demand from the
major end-use industries such as tire, paints
coatings, and plastics. This growth trajectory is
primarily attributed to rising usage of carbon
black in tire manufacturing, widening application
scope of Carbon Black in plastics and paints
coatings, and increased demand from various
end-use industries such as automotive and
aerospace. The tire manufacturing application is
the largest consumer of the product, which has
been dominating the demand for the product from
the last few years. Major emerging countries in
Asia Pacific region are the major contributors to
the robust growth of the market such as China,
India, South Korea, and Brazil. This is mainly
attributed to the increasing investment in tire
and rubber making industry, and substantial
growth of the automotive and construction
industries. However, the market is challenged by
changing regulations resulting in replacement of
Carbon Black with silica as a reinforcing agent
in tire manufacturing. Nevertheless, bolstering
automotive aftermarket and construction sector in
emerging economies is posing as an important
opportunity for further growth of the market.
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Carbon Black Market Research Report- Forecast to
2023
Segmental Analysis
MRFRs report offers a detailed segmental
analysis of the market based on Process Type,
Function, End-use and Region. By Process Type,
the market is segregated into furnace black,
channel black, thermal black, acetylene black,
and others. Among them, the furnace black segment
dominated the market with 81.14 share of the
market and is projected to retain its dominance
throughout the review period. By Function, the
market is divided into reinforcement and
pigments. In 2017, the reinforcement segment was
valued at USD 11,329.3 million and is projected
to maintain a healthy growth rate during the
forecast period. By End-use, the market is
bifurcated into tire, non-tire, paints
coatings, inks, plastics, and others. The tire
segment, among them, is estimated to remain
dominant towards the end of the assessment
period. View Full Report Description with TOC
https//www.marketresearchfuture.com/reports/carbo
n-black-market-4701

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Carbon Black Market Research Report- Forecast to
2023
Regional Outlook

• On the Basis of Region, the global market has
  been segmented into North America, Europe, Asia
  Pacific, the Middle East Africa, and Latin
  America. Asia Pacific accounted for the largest
  market share in 2017, and the region is most
  likely to remain dominant during the years to
  follow. This is due to the high demand for the
  product from leading end-use industries such as
  tire making, rubber, plastics, and ink in this
  region. Moreover, changing lifestyle, rising
  standards of living, and increasing disposable
  income have enhanced dynamism of major emerging
  economies in this region such as India, South
  Korea, China, and ASEAN countries. North America
  and Europe are expected to be other substantial
  growth pockets in the Global Carbon Black Market
  during the assessment period. Both the regions
  collectively account for over 35 share of the
  global market. The Middle East Africa and Latin
  America are also important regions in this
  market, which are growing at moderate CAGR and
  are expected to gain momentum during the forecast
  period.

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Carbon Black Market Research Report- Forecast to
2023
Major Players in this Research

• Carbon Black Market Prominent Players
• Orion Engineered Carbons
• Phillips Carbon Black Ltd.
• Himadri Speciality Chemical Ltd.
• Sid Richardson Carbon and Energy Co. Ltd.
• Kremenchug Carbon Black Plant
• Shijiazhuang Xinxing Chemical Carbon Co. Ltd.
• Hebei Daguangming Juwuba Carbon Black Co. Ltd.
• Suzhou Baohua Carbon Black Co., Ltd.
• Jiangxi Black Cat Carbon Black Inc., Ltd

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