According to a new market report published by Lucintel,
the future of the specialty carbon black market looks good with opportunities
in the plastic and coating applications. The global specialty carbon black
market is forecast to grow at a CAGR of 6.7% from 2016 to 2021. The major drivers of growth for this market
are increased automotive production and growth in construction industry.
In this market, specialty carbon black is used
in plastic, ink, and coating applications. Lucintel forecasts that the plastics
segment is expected to remain as the largest market by value and volume
consumption supported by growth in demand for UV resistant agriculture films,
cable, and pipe applications. On the basis of its comprehensive research, Lucintel
predicts that plastics segment is expected to show above average growth during
the forecast period.
Asia Pacific is expected to remain the largest
market by value and volume due to the higher production of plastics and printing
ink.
Asia Pacific and the Rest of the World are
expected to witness good growth over the forecast period because of increase in
automotive production and growth of industrial, infrastructure, and printing
and packaging sectors.
For business expansion, the report suggests
innovation and new product development to enhanced jetness properties for
coatings application. The report further suggests the development
of partnerships with customers to create win-win situations and development of
low-cost solutions for the end user.
Emerging
trends, which have a direct impact on the dynamics of the industry, include the
shift from commodity to more specialize grade specialty carbon black and
increasing use of specialty carbon black as pigment in lightweight automotive
parts to enhance the conductivity and UV protection properties. Cabot
Corporation, Birla Carbon, Orion Engineered Carbons, Omsk Carbon Group and Philips
Specialty carbon black are among the major suppliers of the specialty carbon
black. Some companies are opting for M&A as a strategic initiative for
driving growth.
Lucintel, a
leading global strategic consulting and market
research firm, has analyzed growth opportunities in the global specialty carbon
black market by application and region and has come up with a comprehensive
research report, “Growth
Opportunities in the Global Specialty Carbon Black Market 2016-2021: Trends,
Forecast, and Opportunity Analysis.” The
Lucintel report serves as a spring board 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 market by application
and region as follows:
By application [Volume (M lbs. / Kilotons) and
$M shipment analysis for 2010 – 2021]:
·
Plastics
·
Ink
·
Coatings
·
Others
By region [Volume (M lbs. / Kilotons) and $M
shipment analysis for 2010 – 2021]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of World
This
126-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, Strategic
Growth Consulting, Commercial Due Diligence
Report and Business
Strategy Consulting.
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 potential, high-growth opportunities for global specialty
carbon black market by applications and regions?
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 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 materials / product substitution
Q.11:
What are M & A activities in the last 5 years in this market? What reasons
can be attributed to these activities and how have they impacted the industry?
