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Carbon Black Market by Process, Grade and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5019913
  • Report
  • February 2020
  • Region: Global
  • 300 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Asahi Carbon Co. Ltd.
  • BASF SE
  • Cabot Corporation
  • Dow Inc.
  • Nouryon
  • SABIC
The global carbon black market was valued at $17.5 billion in 2018, and is projected to reach $23.0 billion by 2026, growing at a CAGR of 3.5% from 2019 to 2026. Carbon black is a form of para crystalline carbon, which contains 95% of pure carbon and enhances the physical and mechanical properties of a material, making the end product more effective. Carbon black is widely used in manufacturing tires, plastics, mechanical rubber goods, printing inks, toners, rubber products, and pigments. It can absorb UV light and converts it into heat; hence, it finds its major application in the insulating wires and cables. In addition, it serves as a cost-effective rubber reinforcing agent.



The surge in demand for carbon black in tire and construction & manufacturing industries is expected to drive the growth of the global carbon black market. In addition, the demand for carbon black in the automotive industry is increasing, where it is used to provide strength to industrial rubber compounds and other equipment Moreover, it possesses physical properties such as high stability, solvent resistance, thermal stability, owing to which it is widely used in the paints and coating industries. However, fluctuations in raw material prices, an increase in the use of silica as a substitute, and environmental concerns associated with the manufacturing of carbon black are some of the factors that are expected to restrain the market growth in the upcoming years. On the contrary, an increase in demand for carbon black due to its UV protection and conductive properties in plastics is expected to create lucrative opportunities for the growth of the market.

The global carbon black market is segmented into the process, grade, application, and region. By process, the market is classified into furnace black, channel, acetylene black, and lampblack. Depending on grade, it is divided into specialty and conductive. On the basis of application, it is categorized into tires, coatings, plastics, printing inks, and toners. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major market players operating in the global carbon black market are BASF SE, Dow Inc., Mitsubishi Chemical Holdings, Nouryon, Dominion Colour Corporation, Asahi Carbon Co., Ltd., Birla Carbon Public Company Limited, Phillips Carbon Black Limited, Cabot Corporation, and SABIC.

KEY BENEFITS FOR STAKEHOLDERS
  • Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
  • It outlines the current carbon black market trends and future scenario of the carbon black market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
  • Major countries in the region have been mapped according to their individual revenue contribution in the carbon black market analysis at the regional and country-level market.
  • The key drivers, restraints, and carbon black market opportunities and their detailed impact analyses are elucidated in the study.
  • The profiles of key players along with their key strategic developments are enlisted in the report.

KEY MARKET SEGMENTS

By Process
  • Furnace Black
  • Channel Black
  • Acetylene Black
  • Lamp Black

By Grade
  • Specialty Grade
  • Conductive Grade

By Application
  • Tires
  • Coatings
  • Plastics
  • Printing Inks
  • Toners

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Russia
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • Rest of LAMEA
Frequently Asked Questions about the Global Carbon Black Market

What is the estimated value of the Global Carbon Black Market?

The Global Carbon Black Market was estimated to be valued at $17.5 billion in 2018.

What is the growth rate of the Global Carbon Black Market?

The growth rate of the Global Carbon Black Market is 3.5%, with an estimated value of $23.0 billion by 2026.

What is the forecasted size of the Global Carbon Black Market?

The Global Carbon Black Market is estimated to be worth $23.0 billion by 2026.

Who are the key companies in the Global Carbon Black Market?

Key companies in the Global Carbon Black Market include BASF SE, Dow Inc., Mitsubishi Chemical Holdings, Nouryon, Dominion Colour Corporation, Asahi Carbon Co. Ltd., Birla Carbon Public Company Limited, Phillips Carbon Black Limited and SABIC.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Asahi Carbon Co. Ltd.
  • BASF SE
  • Cabot Corporation
  • Dow Inc.
  • Nouryon
  • SABIC

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key Benefits for Stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings
2.1.1. Top investment pockets
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key forces shaping carbon black market
3.2.1. Low bargaining power of suppliers
3.2.2. High bargaining power of buyer
3.2.3. Moderate threat of substitute
3.2.4. Moderate competitive rivalry
3.2.5. Low threat of new entrants
3.3. Impact of government regulations on the global carbon black market
3.4. Application of carbon black
3.5. Patent analysis
3.5.1. By region (2012-2019)
3.6. Market dynamics
3.6.1. Drivers
3.6.1.1. Increase in penetration of carbon black in automotive industry
3.6.1.2. Increase in demand from cosmetic industry
3.6.2. Restraint
3.6.2.1. Implementation of stringent guidelines toward use of carbon black
3.6.3. Opportunity
3.6.3.1. Need for green alternatives to reduce carbon footprints
CHAPTER 4: CARBON BLACK MARKET, BY PROCESS
4.1. Overview
4.2. Furnace black
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. Channel black
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. Acetylene black
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
4.5. Lamp black
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country
CHAPTER 5: CARBON BLACK MARKET, BY GRADE
5.1. Overview
5.2. Specialty grade
5.2.1. Market size and forecast, by region
5.2.2. Market analysis by country
5.3. Conductive grade
5.3.1. Market size and forecast, by region
5.3.2. Market analysis by country
CHAPTER 6: CARBON BLACK MARKET, BY APPLICATION
6.1. Overview
6.2. Tires
6.2.1. Market size and forecast, by region
6.2.2. Market analysis by country
6.3. Coatings
6.3.1. Market size and forecast, by region
6.3.2. Market analysis by country
6.4. Plastics
6.4.1. Market size and forecast, by region
6.4.2. Market analysis by country
6.5. Printing inks
6.5.1. Market size and forecast, by region
6.5.2. Market analysis by country
6.6. Toners
6.6.1. Market size and forecast, by region
6.6.2. Market analysis by country
CHAPTER 7: CARBON BLACK MARKET, BY REGION
7.1. Overview
7.2. North America
7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast, by process
7.2.3. Market size and forecast, by grade
7.2.4. Market size and forecast, by application
7.2.5. Market analysis by country
7.2.5.1. U.S.
7.2.5.1.1. Market size and forecast, by process
7.2.5.1.2. Market size and forecast, by grade
7.2.5.1.3. Market size and forecast, by application
7.2.5.2. CANADA
7.2.5.2.1. Market size and forecast, by process
7.2.5.2.2. Market size and forecast, by grade
7.2.5.2.3. Market size and forecast, by application
7.2.5.3. MEXICO
7.2.5.3.1. Market size and forecast, by process
7.2.5.3.2. Market size and forecast, by grade
7.2.5.3.3. Market size and forecast, by application
7.3. Europe
7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast, by process
7.3.3. Market size and forecast, by grade
7.3.4. Market size and forecast, by application
7.3.5. Market analysis by country
7.3.5.1. UK
7.3.5.1.1. Market size and forecast, by process
7.3.5.1.2. Market size and forecast, by grade
7.3.5.1.3. Market size and forecast, by application
7.3.5.2. GERMANY
7.3.5.2.1. Market size and forecast, by process
7.3.5.2.2. Market size and forecast, by grade
7.3.5.2.3. Market size and forecast, by application
7.3.5.3. FRANCE
7.3.5.3.1. Market size and forecast, by process
7.3.5.3.2. Market size and forecast, by grade
7.3.5.3.3. Market size and forecast, by application
7.3.5.4. RUSSIA
7.3.5.4.1. Market size and forecast, by process
7.3.5.4.2. Market size and forecast, by grade
7.3.5.4.3. Market size and forecast, by application
7.3.5.5. REST OF EUROPE
7.3.5.5.1. Market size and forecast, by process
7.3.5.5.2. Market size and forecast, by grade
7.3.5.5.3. Market size and forecast, by application
7.4. Asia-Pacific
7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast, by process
7.4.3. Market size and forecast, by grade
7.4.4. Market size and forecast, by application
7.4.5. Market analysis by country
7.4.5.1. CHINA
7.4.5.1.1. Market size and forecast, by process
7.4.5.1.2. Market size and forecast, by grade
7.4.5.1.3. Market size and forecast, by application
7.4.5.2. INDIA
7.4.5.2.1. Market size and forecast, by process
7.4.5.2.2. Market size and forecast, by grade
7.4.5.2.3. Market size and forecast, by application
7.4.5.3. JAPAN
7.4.5.3.1. Market size and forecast, by process
7.4.5.3.2. Market size and forecast, by grade
7.4.5.3.3. Market size and forecast, by application
7.4.5.4. KOREA
7.4.5.4.1. Market size and forecast, by process
7.4.5.4.2. Market size and forecast, by grade
7.4.5.4.3. Market size and forecast, by application
7.4.5.5. REST OF ASIA-PACIFIC
7.4.5.5.1. Market size and forecast, by process
7.4.5.5.2. Market size and forecast, by grade
7.4.5.5.3. Market size and forecast, by application
7.5. LAMEA
7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast, by process
7.5.3. Market size and forecast, by grade
7.5.4. Market size and forecast, by application
7.5.5. Market analysis by country
7.5.5.1. BRAZIL
7.5.5.1.1. Market size and forecast, by process
7.5.5.1.2. Market size and forecast, by grade
7.5.5.1.3. Market size and forecast, by application
7.5.5.2. SAUDI ARABIA
7.5.5.2.1. Market size and forecast, by process
7.5.5.2.2. Market size and forecast, by grade
7.5.5.2.3. Market size and forecast, by application
7.5.5.3. REST OF LAMEA
7.5.5.3.1. Market size and forecast, by process
7.5.5.3.2. Market size and forecast, by grade
7.5.5.3.3. Market size and forecast, by application
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.1.1. Market Player Positioning, 2018
8.2. Competitive Heatmap
8.3. Other Key Players Profile
8.3.1. Other Key Player Snapshot
CHAPTER 9: COMPANY PROFILES
9.1. BASF SE
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Operating business segments
9.1.4. Product portfolio
9.1.5. R&D expenditure
9.1.6. Business performance
9.2. Dow Inc.
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Operating business segments
9.2.4. Product portfolio
9.2.5. Business performance
9.3. Mitsubishi Chemical Holdings
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Operating business segments
9.3.4. Product portfolio
9.3.5. Business performance
9.4. Nouryon
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Product portfolio
9.4.4. Business performance
9.5. Dominion Colour Corporation.
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Product portfolio
9.6. Asahi Carbon Co., Ltd.
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Product portfolio
9.7. Birla Carbon Public Company Limited
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Product portfolio
9.7.4. Business performance
9.8. Phillips Carbon Black Limited
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Operating business segments
9.8.4. Product portfolio
9.8.5. Business performance
9.9. Cabot Corporation
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Operating business segments
9.9.4. Product portfolio
9.9.5. Business performance
9.10. SABIC
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Operating business segments
9.10.4. Product portfolio
9.10.5. Business performance
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Asahi Carbon Co. Ltd.
  • BASF SE
  • Cabot Corporation
  • Dow Inc.
  • Nouryon
  • SABIC
According to the report titled 'Carbon Black Market by Process, Grade, and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global Carbon Black market was valued at $17.5 billion in 2018 and is projected to reach $23.0 billion by 2026, growing at a CAGR of 3.5% from 2019 to 2026.

Carbon black is a form of para crystalline carbon which contain 95% of pure carbon. Carbon black is a material produced by the incomplete combustion of heavy petroleum products. Carbon black can also be defined as para crystalline carbon, which has high surface-area-to-volume ratio. Surge in use of carbon black in manufacturing tires, plastics, mechanical rubber goods, printing inks, and toners is expected to drive the growth of the market.

Carbon black possess properties such as conducting heat away from the tread and belt area of the tire, reducing thermal damage, and increasing service life of tires, which make it a preferred solution for manufacturers involved in manufacturing automotive components, such as tires. The Electric Vehicles International sets a target of production of 20 million electric cars globally by 2020. These factors are expected to drive the market growth of the automotive industry, thereby augmenting the demand for tires. This, in turn, propels the need for carbon black, which significantly contributes toward the market growth. Furthermore, the U.S. Department of Energy (DOE) announced an investment of $19.7 million for the Vehicle Technologies Office to support R&D of advanced vehicle technologies, including batteries and lightweight & low-cost carbon fiber for the development of energy-efficient automobiles. Thus, the development of the automotive industry is expected to drive the growth of the carbon black market.

The global carbon black market is segmented on the basis of process, grade, application, and region. By process, it is classified as furnace black, channel, acetylene black, and lampblack. The furnace black segment was the highest contributor to the market, and is estimated to grow with the CAGR of 4.23% during the forecast period.

Based on grade, it is divided into specialty and conductive. The specialty grade segment was the highest contributor to the market and is estimated to grow with the CAGR of 3.63% in the grade based carbon black market share.

On the basis of application, it is categorized into tires, coatings, plastics, printing inks, and toners. The tires segment was the highest contributor to the market, and is estimated to grow at a CAGR of 3.26% during the forecast period. The plastics segment is estimated to be the fastest growing segment, growing with a CAGR of 4.08%.

By region, the global carbon black market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the highest revenue contributor, and is estimated to grow with a CAGR of 4.00%. China and U.S. account for the highest revenue contribution, owing to surge in demand for carbon black for tire and construction & manufacturing industries across countries.

Major market players operating in the global carbon black market are BASF SE, Dow Inc., Mitsubishi Chemical Holdings, Nouryon, Dominion Colour Corporation, Asahi Carbon Co., Ltd., Birla Carbon Public Company Limited, Phillips Carbon Black Limited, Cabot Corporation, and SABIC.

Key Findings of the Study:
In 2018, the Asia-Pacific market held a share of over 55.0% in the market.
The furnace black segment is expected to hold a dominant position in the carbon black market size during the forecast period.
The specialty grade segment is projected to grow at a CAGR of 3.63% by 2026.
The plastic segment is expected to grow with the highest CAGR during the forecast period.
The qualitative data in the report aims on the carbon black trends, dynamics, and developments in the industry while the quantitative data provides information about the market share and market size in terms of revenue and volume.
Note: Product cover images may vary from those shown
  • BASF SE
  • Dow Inc.
  • Mitsubishi Chemical Holdings
  • Nouryon
  • Dominion Colour Corporation
  • Asahi Carbon Co. Ltd.
  • Birla Carbon Public Company Limited
  • Phillips Carbon Black Limited
  • Cabot Corporation
  • SABIC
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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