Market Research Report
Global Carbon Black Market Study, 2014 - 2025
|Published by||Prismane Consulting Pvt Ltd||Product code||694152|
Delivery time: 1-2 business days
|Global Carbon Black Market Study, 2014 - 2025|
|Published: September 18, 2018||Content info:||
This market study describes the global Carbon black market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Turkey, China, Japan, India and South Korea. The market is segmented mainly according to the applications in such as industry, rubber industry, paint industry, inks and dyes and plastics. Carbon black Market data in term of volume and value for each application at regional and country level will be provided.
The report provides answers to the following key questions:
Carbon black, produced from incomplete thermal decomposition of hydrocarbons, find it use in various end-use industries such as tyre, rubber, paints, inks and dyes and plastics. Majority of carbon black produced is consumed by tyre and rubber industries and thus, its growth is very closely related to growth of the automotive sector.
Asia is largest market for carbon black (specifically China) followed by Central & Eastern Europe. In term of consumption, China leads the volume growth followed by United States and Russia respectively. Russian market is profited by sufficient supply of raw materials for carbon black production, which allows it to export carbon black especially to other European countries. Japanese carbon black production is declining as tyre and rubber manufacturers are shifting to other countries due to flat market outlook of the country.
After China, India and other South East Asian countries are at advantage owing to the presence of natural rubber plants in the region. The manufacturing, product development and research & development activities in the automotive industry have shifted to Asian countries as this region has witnessed a growth on account of increasing disposable income and increase in standard of living. The region is also preferred for availability of skilled labor and low cost of manufacturing. Automotive manufacturers are also looking to shift towards greener cars as governments in developing countries are providing them with rebates on green vehicles
China is the world's largest domestic market for automotive buying 24.6 million units of automotive vehicles in 2015. China also produced 24.3 million units in 2015 with foreign brands dominating over 62% of the market share. China imported around 1.05 million vehicles suggesting that the most of vehicles manufactured in China were consumed in China, and only 755,500 units were exported to other countries. China exported less than 1% of the global vehicle demand, essentially making China a net consumer of automotive. The consumers in China have well accepted the electric versions of cars and the growth for these vehicles is projected to be in double digits. Chinese automakers are planning on global dominance in the hybrid vehicles sector. Government subsidies and incentives are encouraging the local players to shift production to electrical and hybrid vehicles. China recently became the largest market for electronic cars market. The industry is also open to foreign investments and has seen automotive giants like Volkswagen, Ford, Renault-Nissan invest in electric vehicles market in form of various joint ventures.
Asia, excluding Japan, will be the fastest-growing region in the world, followed by Central and Eastern Europe. China and India, in particular, will have the greatest gains, because of the continued expansion of their motor vehicle and tire industries. However, the growth forecast for China has slowed since the 2013-18 forecast to 4.9% average annual growth for 2016-21. During the forecast period china and India are expected to witness the highest capacity additions in the long-term forecast till 2025.
Note: In this section Prismane Consulting highlights and presents its views on Drivers, Restraints, Opportunities and Challenges.
Note: This section includes the key market players along with their historic Alkylene Carbonate manufacturing capacities in different countries and locations. New projects and speculative capacities are included at a country level.
Note: Similar analysis has been provided for all key countries.
Note: This section provides an overview of the net trade of Carbon Black globally between 2014 and 2025 6.2. Target Markets
Note: In this section we have suggested major markets (Regions/ Countries) / Application prospects and Market Attractiveness for Carbon Black.
Note: This section includes company information, company financials, manufacturing bases and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates.
Note: Prismane Consulting's major findings are summarized in this section 8.2. Target Markets 8.3. Business Opportunity Assessment