According to the recent study the Carbon Black Market is projected to reach an estimated $28 billion by 2028 from $22 billion in 2022, at a CAGR of 4.2% from 2023 to 2028. Growth in this market is primarily driven by increasing tire production, growth in the plastic and coating market, and increasing penetration of specialty carbon black to enhance UV protection, pigmentation, and conductivity/anti-static properties in various applications.
Browse 127 figures/charts
and 120 tables in this 254-page report to understand trends, opportunities and
forecast in carbon black market by application (tire rubber, non-tire rubber,
plastics, ink, coating, and others), end use industry (transportation,
industrial, building and construction, printing and packaging, and others),
grade (commodity carbon black and specialty carbon black), function
(reinforcement, coloring, conductivity, UV protection, and others), and region
(North America, Europe, Asia Pacific, and the Rest of the World).
“Tire rubber market is
expected to remain the largest segment during the forecast period.”
Based on application,
the carbon black market is segmented into tire rubber, non-tire rubber,
plastics, ink, coating, and others. Lucintel forecasts that the tire rubber
market is expected to remain the largest segment due to increasing demand for
passenger cars and light commercial vehicles.
“Within the carbon black market, the transportation segment is
expected to remain the largest end use industry.”
Based on end use
industry the transportation segment is expected to witness the highest growth
over the forecast period due to increasing demand for tire and mechanical
rubber goods.
Download sample by clicking on
Carbon Black Market.
“Asia pacific will dominate the carbon black market in near
future.”
Asia Pacific will remain
the largest region by value and volume, and it is also expected to witness the
highest growth over the forecast period, driven by higher vehicle production
and shift of tire production to low-cost countries, such as India and China.
Major players of carbon
black market are adopting various growth strategies like new product launches, expansions,
merger and acquisitions, partnerships, agreements, and collaborations to expand
their presence in this market. Birla Carbon, Cabot Corporation, Orion
Engineered Carbons Holdings, OMSK Carbon Group, Tokai Carbon, Philips Carbon
Black, Denka Company, Himadri Specialty Chemical, Imerys, Continental Carbon
are among the major carbon black providers.
This unique 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 write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Explore Our Latest
Publications
Automotive Garage Equipment Market
Automotive Remote Diagnostics Market
Automotive Thermal System Market
Bicycle Infotainment System Market
No comments:
Post a Comment