MARKET OUTLOOK
According to an analysis by the publisher, the carbon black market in Asia-Pacific is estimated to flourish at a CAGR of 3.85% in the projected period 2019-2028.ASEAN countries, Australia & New Zealand, Japan, India, South Korea, China and Rest of APAC form the Asia-Pacific’s carbon black market.
The carbon black in Asia-Pacific is experiencing considerable growth due to the large demographics of countries like China and India. These countries have a large potential customer base. Besides, the two countries are major hubs for automotive manufacturing, offering opportunities for applications of carbon black in tire production. The AFTA (ASEAN Free Trade Area) agreement that was signed in 1992, in order to support local trade & manufacturing, has turned out to be advantageous for South Asian countries like Thailand and Indonesia. This has influenced the automotive production in these countries positively, which is increasing the consumption of carbon black.
In China, the automotive sector is witnessing a significant demand for tires. Since 2009, the country has been the largest automotive manufacturer in the world. Carbon black is used in the production of rubber that is used in tires. Hence, as the production of tires increases, an increase in the consumption of carbon black will be witnessed, which will aid the market growth in the country.
COMPETITIVE OUTLOOK
The major players in the carbon black market are Abu Dhabi National Oil Company, Tokai Carbon Co Ltd, Asahi Carbon Co Ltd, Omsk Carbon Group, Cabot Corporation, OCI Company Ltd, Mitsubishi Chemical Holdings Corporation and Jiangxi Black Cat Carbon Black Co Ltd.Table of Contents
1. Asia-Pacific Carbon Black Market - Summary
2. Industry Outlook
3. Asia-Pacific Carbon Black Market Outlook - by Process Type
4. Asia-Pacific Carbon Black Market Outlook - by Application
5. Asia-Pacific 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