Opportunities for the global specialty carbon black market to reach $2.6 billion by 2023

According to a new market report published by Lucintel, the future of the specialty carbon black market looks attractive with opportunities in the printing and packaging, building & construction, transportation, and industrial sectors. The global specialty carbon black market is expected to reach an estimated $2.6 billion by 2023 with a CAGR of 7.5% from 2018 to 2023. The major drivers of growth for this market are increasing demand for plastic and coating in the building and construction, packaging, and automotive industries.

In this market, specialty carbon black is used as pigment and performance additive for plastic, ink and coating applications.  The plastic segment is expected to remain the largest application, and will witness the highest growth over the forecast period with growth in packaging, plastic pipe, film, and wire & cable.

Within the specialty carbon black market, printing and packaging will remain the largest end use industries, and they are expected to witness highest growth during the forecast period supported by increasing demand in the food and beverages, household products, personal care, and pharmaceuticals sectors.

Asia Pacific is expected to be the largest region by value and volume and will experience the highest growth over the forecast period supported by growth in plastic, ink, and coating demand in emerging countries, such as China and India.

Emerging trends, which have a direct impact on the dynamics of the industry, include the shifting focus of carbon black suppliers from commodity to specialty grade and increasing use of specialty carbon black as pigment in lightweight automotive parts. Orion Engineered Carbons Holdings, Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), OMSK Carbon Group, Tokai Carbon, Continental Carbon, and Sid Richardson Carbon & Energy are among the major specialty carbon black providers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global specialty carbon black market by application, attribute, and region and has come up with a comprehensive research report entitled  “Growth Opportunities in the Global Specialty Carbon Black Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global specialty carbon black by application, attributes, and region as follows:

By Application [Kilotons and $M shipment analysis from 2012 to 2023]:

·           Plastic

1. Films
2. Blow and Injection Molding
3. Pipes
4. Wire & Cable
5. Fiber
6. Others

·           Ink

1. Toners
2. Printing Ink
3. Others

·           Coating

1. Industrial
2. Automotive
3. Others

·           Others

By End Use Industry [Kilotons and $M shipment analysis from 2012 to 2023]:

·         Printing and Packaging

·         Building and Construction

·         Transportation

·         Industrial

·         Others

By Function [Kilotons and $M shipment analysis from 2012 to 2023]:

·         Color

·         UV Protection

·         Conductive

·         Others

By Region [Kilotons and $M shipment analysis for 2012 – 2023]:

·         North America

·         Europe

·         Asia Pacific

·         The Rest of the World

This 198-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings include chemical market research reports, chemical industry analysis report, commercial due diligence report, business strategy consulting and market research reports online.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the global specialty carbon black market by application (plastic, ink, coating, and others), by end use industry (transportation, industrial, building and construction, printing and packaging, and others), by function (color, UV Protection, conductive, and others)  and by region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q. 2 Which segments will grow at a faster pace and why?

Q.3 Which regions will grow at a faster pace and why?

Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?

Q.5 What are the business risks and threats to the market?

Q.6 What are the emerging trends in this market and reasons behind them?

Q.7 What are some changing demands of customers in the market?

Q.8 What are the new developments in the market? Which companies are leading these developments?

Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?

Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?

Q.11 What M&A activity has occurred in the last 5 years?