Global Carbon Black Market is forecasted to grow at a CAGR of 8.42% during 2016 – 2021
Date: 27 September 2016
Globally, the growth in carbon black industry is driven by the surging demand from tire and rubber industries. Emerging shift from commodity black to more specialized grade carbon black is projected to have a positive impact on the overall market growth.
According to Azoth Analytics research report, “Global Carbon Black Market (By Type, By Process, By Application, By Region): Trends, Opportunities and Forecasts (2016-2021)
”, Global Carbon Black Market is projected to exhibit a CAGR of over ~8.42% during 2016 – 2021, largely driven by the increasing consumption of carbon black products in varied high-end industries like tire and rubber goods, plastics and textiles, paint, coatings and ink.
Carbon black is widely used as a reinforcing agent for rubber and rubber products. Presently, the use of carbon black has been expanded to involve ultraviolet (UV) stabilization, conductive agents and pigmentation for a large variety of specialty products.
From the market point of view, carbon black market is expected to witness a robust growth both in terms of value and volume in the forecast period. Although, commodity carbon black holds the major percentage share in the total carbon black demand, specialty black is projected to display a faster growth in the future. Among the regions, APAC holds the largest market share mainly due to pouring number of vehicle production and shift of tire companies in low-cost countries in the region.
The report titled “Global Carbon Black Market (By Type, By Process, By Application, By Region): Trends, Opportunities and Forecasts (2016-2021)
” has analysed the potential of Global Carbon Black Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global chemical distribution market. Additionally, the report also highlights market entry strategies for various companies across the globe.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of global carbon black market on the basis of Types (Commodity Carbon Black and Specialty Carbon Black), By Process (Furnace, Acetylene, Thermal, Lampblack), By Application (Tire and Industrial Rubber Products, Plastics and Textiles, Paint and Coatings, Toner and Printing Ink) and By Region (APAC, North America, Europe and ROW).