PUBLISHER: The Business Research Company | PRODUCT CODE: 1249123
PUBLISHER: The Business Research Company | PRODUCT CODE: 1249123
“Specialty Carbon Black Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on specialty carbon black market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for specialty carbon black? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The specialty carbon black market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Companies Mentioned: Cabot Corporation; Birla Carbon; Tokai Carbon Co Ltd.; Continental Carbon; Omsk Carbon Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Major players in the specialty carbon black market are: Cabot Corporation, Birla Carbon, Continental Carbon, Omsk Carbon Group, Orion Engineered Carbons, Phillips Carbon Black Limited, Himadri Speciality Chemical Limited, Imerys Graphite & Carbon Switzerland SA, Black Bear Carbon B.V., Asia Carbon Industries Inc., Lion Specialty Chemicals Co Ltd., Asbury Carbons, Zaozhuang Xinyuan Chemical Industry Co. Ltd., and Asia Carbon Industries Inc.,
The global specialty carbon black market grew from $2.68 billion in 2022 to $2.99 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The specialty carbon black market is expected to grow to $4.61 billion in 2027 at a CAGR of 11.4%.
The specialty carbon black market consists of sales of conveyor belts, plastics, and printing inks. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Specialty carbon black refers to a high-end refined chemical that is manufactured by the burning of hydrocarbons in a limited air supply. It is a refined form of carbon that has a capacity to absorb UV light and convert it to heat, making plastics more UV resistant and is used as UV stabilizing agents, pigments, and conductive agents.
Asia-Pacific was the largest region in the specialty carbon black market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in specialty carbon black market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main forms of specialty carbon black are granules and powder. Granules refer to specialty carbon black granules obtained by uniformly wetting the carbon blacks and are basically produced by pre-granulating the carbon black powder in the first mixing granulator. The grades involved are conductive carbon black, and food contact carbon black. The various process types include furnace black, gas black, lamp black, and thermal black with various functions such as color, UV protection, conductive, and other functions. The various applications include plastics, battery electrodes, paints and coatings, inks and toners, rubber, and other applications.
The increasing demand for plastics and coatings is expected to propel the growth of the specialty carbon black market going forward. Plastic refers to a group of materials that are either natural or synthetic, and coating refers to a layer of a particular substance that covers a surface. Specialty carbon black is used as an insulating agent in a variety of rubber, plastic, ink, and coating applications, this helps to strengthen the tires of vehicles. For instance, in June 2021, according to European Coatings, a European magazine, there was a strong increase in global demand for paints and coatings. The demand increased from 14% in the first quarter of the year 2021 to 22% in the second quarter. The strongest surge in demand was observed in India and China. Therefore, the increasing demand for plastics and coatings is driving the specialty carbon black market.
Rising investments are a key trend gaining popularity in the specialty carbon black market. Major companies operating in the specialty carbon black market are investing huge amounts to sustain their position in the specialty carbon black market. For instance, in August 2021, Phillips Carbon Black Ltd., an India-based manufacturer of specialty carbon black, announced an investment of INR 300 million to ramp up the capacity in Mundra for specialty carbon black. The company will also invest INR 100 million in research and development facilities in Belgium and India.
In November 2021, Cabot Corporation, a US-based specialty chemicals and performance materials company, acquired Tokai Carbon Group for an amount of $9 million. The acquisition is anticipated to continue providing current carbon black clients with enhanced services. Tokai Carbon Group is a Japan-based manufacturer of specialty carbon black.
The countries covered in the specialty carbon black market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The specialty carbon black market research report is one of a series of new reports from The Business Research Company that provides specialty carbon black market statistics, including specialty carbon black industry global market size, regional shares, competitors with a specialty carbon black market share, detailed specialty carbon black market segments, market trends and opportunities, and any further data you may need to thrive in the specialty carbon black industry. This specialty carbon black market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.