MARKET OUTLOOK
This report on the global carbon black market predicts it to grow at a CAGR of 3.36% during the forecasting period 2019-2028.The growing trend of the nuclear family concept is increasing the demand for residential houses. Carbon black is used in concrete in the construction industry as an additive to improve its performance. There is an increasing demand for carbon black in this booming industry, which is driving the growth of the global market in the forecasting years. Other application sectors of carbon black include tires and plastics. The growing demand from these sectors is presenting opportunities for the studied market. However, the potential replacement of carbon black with silica in the tire industry is restraining the market growth.
REGIONAL OUTLOOK
The global market report covers the countries from North America, Europe, the Asia-Pacific, Latin America and the Middle East and Africa.Considering the regional landscape, the Asia-Pacific is expected to be the fastest-growing region in the global carbon black market over the forecasted period. The region is also likely to be the largest carbon black market contributing the highest to the global revenue. The housing sector in Japan is estimated to experience considerable growth, due to the growing investments over recent years. In 2017, the country spent $61 billion on the development of infrastructure.
The rising investments in public infrastructure, commercial projects and the renewable energy sector are leading to the growth of the construction sector, and consequently, the demand for paints & coatings. Carbon black is used in different applications, including paints & coatings, plastic and concrete. Hence, the increasing demand from various applications is expected to boost the carbon black market significantly in the region.
COMPETITIVE OUTLOOK
The major companies in the carbon black market are Jiangxi Black Cat Carbon Black Co Ltd, NNPC (Nigerian National Petroleum Corporation), Birla Carbon, Omsk Carbon Group, OCI Company Ltd, Imerys, Tokai Carbon Co Ltd, Orion Engineered Carbons GmbH, Himadri Chemicals Ltd, Philips Carbon Black Limited, Cabot Corporation, Asahi Carbon Co Ltd, Mitsubishi Chemical Holdings Corporation, Abu Dhabi National Oil Company and Atlas Organics Private Limited.OCI Company Ltd is a global chemical company providing inorganic chemicals, renewable energy, petro & coal chemicals, fine chemicals and insulation materials. In 2000, the company entered the carbon black market by taking over Jecheol Chemicals and Jecheol Petrochemicals. It manufactures carbon black from petroleum & coal-based raw materials and has production capabilities for different grades of carbon black. It has major business operations in Korea, China and the United States.
Table of Contents
1. Global Carbon Black Market - Summary
2. Industry Outlook
3. Global Carbon Black Market Outlook - by Process Type
4. Global Carbon Black Market Outlook - by Application
5. Global Carbon Black Market – Regional Outlook
6. Competitive Landscape
7. Methodology & Scope
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- OCI Company Ltd
- Mitsubishi Chemical Holdings Corporation
- Imerys
- Himadri Chemicals Ltd
- Tokai Carbon Co Ltd
- Cabot Corporation
- Asahi Carbon Co Ltd
- Birla Carbon
- Abu Dhabi National Oil Company
- Jiangxi Black Cat Carbon Black Co Ltd
- NNPC (Nigerian National Petroleum Corporation)
- Omsk Carbon Group
- Orion Engineered Carbons GmbH
- Philips Carbon Black Limited
- Atlas Organics Private Limited