Market Research Report
Asia Pacific Carbon Black Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||916691|
|Published||Content info||74 Pages
Delivery time: 2-3 business days
|Asia Pacific Carbon Black Market Forecast 2019-2027|
|Published: November 15, 2019||Content info: 74 Pages||
The market of carbon black in the Asia Pacific region is predicted to be the fastest-growing market, recording a CAGR of 4.13% during the projected period, 2019-2027. The presence of economically beneficial countries, and conducive market regions, are among the major drivers boosting market region in the region.
The Asia Pacific region, with regard to the carbon black market, is evaluated based on the market regions of South Korea, China, Japan, India, and the Rest of Asia Pacific. The countries like India and China are considered as countries having huge growth potential as the result of an extensive customer base. The market growth in countries like India is projected to be steady, due to the developing tire market of the region. The county stands fourth in terms of the largest tire market. The passenger car market in the country is witnessing steadfast growth, leading to investment opportunities for several companies in the rubber and tire production domains. The surging demands from India's automotive sector in order to meet the demand gap in terms of the carbon black production, is predicted to impact the growth of the market in a positive manner. The manufacturers in the region are investing in the manufacturing facilities, which is estimated to augment the production capacities of the carbon black. This will aid the growth of the carbon black market in the Indian region.
Some of the renowned companies in the market are, Orion Engineered Carbons S.A., Omsk Carbon Corporation, Jiangxi Black Cat Carbon Black Co. Ltd, Atlas Organic Pvt. Ltd., Mitsubishi Chemical Holdings Corporation, Nigerian National Petroleum Corporation, Philips Carbon Black Ltd., etc.