The global carbon black market is expected to reach USD 28.05 billion by 2022,
according to a new report by Grand View Research, Inc. Increasing automotive
sales and consequent rise in tire production is expected to drive industry
growth over the forecast period.
High demand for plastics and
high performance coatings in automotive manufacturing is also expected to have
a positive influence on the market growth. Carbon black provides electrical
conductivity and antistatic properties to many plastic products ranging from
insulation materials to highly conductive areas.
Policies aimed at reducing GHG
emissions during carbon black production processes may hamper growth trajectory
over the forecast period. Since the production process is highly energy
intensive, optimization of processes and greener & sustainable alternatives
are paramount to tackle such issues in future.
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Report @ http://www.grandviewresearch.com/industry-analysis/carbon-black-market
Further key findings
from the report suggest:
·
Global carbon
black market demand was 11.99 million tons in 2014 and is expected to reach
16.40 million tons by 2022, growing at a CAGR of 3.9% from 2015 to 2022
·
Tires were the
leading application segment and accounted for over 70% of the overall volume in
2014. Increasing passenger car sales and a robust aftermarket and OEM sectors
of automotive industry are expected to drive tire production, thereby
increasing carbon black consumption over the forecast period.
·
Plastics are
expected to be the fastest growing application segment at a CAGR of 4.3% from
2015 to 2022. Increasing usage of specialty grades for improving electrical
conductivity, better UV resistance and antistatic properties in plastics is
expected spur growth.
·
Asia Pacific
dominated the global market with demand share estimated 54.8% in 2014.
Increasing carbon black demand in plastics, general rubber goods and tire
manufacturing particularly from emerging economies of China, India, and
Indonesia is expected to drive the regional market over the forecast period.
Mature markets of North America and Europe are characterized by increasing
regulatory intervention to reduce greenhouse gas emissions during carbon black
production.
·
The industry has
a presence of large multinational corporations who have integrated their operations,
i.e., from feedstock to carbon black production. Compared to independent
manufacturers, these companies enjoy a distinct advantage of cutting down on
raw material procurement costs.
·
Key players in
the global carbon black industry include OJSC Kremenchug, OMSK Carbon Group,
Tokai Carbon Co. Ltd., Sid Richardson Carbon & Energy Co., Ralson Goodluck
Carbon, Asahi Carbon Co. Ltd., Atlas Organic Pvt. Ltd., Continental Carbon, OCI
Co. Ltd., Birla Carbon and Cabot Corp.
To Get Sample Copy of Report visit
@ http://www.grandviewresearch.com/industry-analysis/carbon-black-market/request
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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Sherry James
Corporate Sales Specialist, U.S.A.
Grand View Research, Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email:
sales@grandviewresearch.com
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