The future of global carbon black in tire market looks promising with opportunities in the passenger car tire, and commercial vehicles tire applications. The global carbon black in tire market is expected to reach an estimated $13.9 billion by 2027 with a CAGR of 5.2% from 2021 to 2027. The major drivers for this market are strong demand for tires from passenger cars and commercial vehicles.
The study includes trends and forecast for the global carbon black in tire market by application, end use, and region as follows:
Answer:The global carbon black in tire market is expected to reach an estimated $13.9 billion by 2027.
Q2. What is the growth forecast for carbon black in tire market?
Answer:The carbon black in tire market is expected to grow at a CAGR of 5.2% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the carbon black in tire market?
Answer: The major drivers of growth for this market are strong demand for tires from passenger cars and commercial vehicles.
Q4. What are the major applications or end use industries for carbon black in tire?
Answer:Passenger car tire and commercial vehicle tire are the major application for carbon black in tire.
Q5. What are the emerging trends in carbon black in tire market?
Answer:Emerging trends, which have a direct impact on the dynamics of the carbon black tire industry, include the shift from commodity to more specialize grade carbon black, growing usage of recycled and bio-based carbon black and increasing merger and acquisition activities to consolidate the market.
Q6. Who are the key carbon black in tire companies?
Answer: Some of the key carbon black in tire companies are as follows:
Answer: The analyst forecasts that the replacement tire industry is expected to remain the largest segment over the forecast period supported by ising average vehicle life and continuous expansion of automotive vehicle fleet is expected to spur growth for this segment over the forecast period.
Q8: In carbon black in tire market, which region is expected to be the largest in next 5 years?
Answer:Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer:Yes, the analyst provides 10% customization without any additional cost.
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Emerging Trends in the Carbon Black in Tire Market
Emerging trends, which have a direct impact on the dynamics of the carbon black tire industry, include the shift from commodity to more specialize grade carbon black, growing usage of recycled and bio-based carbon black and increasing merger and acquisition activities to consolidate the market.Carbon Black in Tire Market by Segment
The study includes trends and forecast for the global carbon black in tire market by application, end use, and region as follows:
Carbon Black in Tire Market by Application [Volume (Kiloton) and $M shipment analysis for 2016- 2027]:
- Passenger Car Tires
- Commercial Vehicles Tires
- Others
Carbon Black in Tire Market by End Use [Volume (Kiloton) and $M shipment analysis for 2016- 2027]:
- OEM
- Replacement
Carbon Black in Tire Market by Region [Volume (Kiloton) and $M shipment analysis for 2016- 2027]:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- The United Kingdom
- France
- Russia
- Asia Pacific
- China
- Japan
- India
- South Korea
- The Rest of the World
- Brazil
- Argentina
List of Carbon Black in Tire Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies carbon black in tire companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the carbon black in tire companies profiled in this report includes.- Birla Carbon
- Orion Engineered Carbon
- Cabot Corporation
- Omsk Carbon Group
- Philips Carbon Black
- China Synthetic Rubber Corporation
- Tokai Carbon
- Denka Company Limited
- Himadri Specialty Chemical
- Imerys Graphite & Carbon
- Continental Carbon Company
Carbon Black in Tire Market Insight
- The analyst forecasts that the replacement tire industry is expected to remain the largest segment over the forecast period. Rising average vehicle life and continuous expansion of automotive vehicle fleet is expected to spur growth for this segment over the forecast period.
- Carbon black tire demand for carbon black in commercial vehicles is likely to experience the significant growth in the forecast period supported by rapid development of the transportation infrastructure in emerging nation and recovery in global economy.
- Asia Pacific will remain the largest region by value and volume, and it is also expected to witness the highest growth over the forecast period, propelled by higher vehicle production and shift of tire production to low-cost countries, such as India and China.
Features of Carbon Black in Tire Market
- Market Size Estimates:Carbon black in tire market size estimation in terms of value ($M) and volume (kilotons)
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
- Segmentation Analysis: Market size by application and end use.
- Regional Analysis: Carbon black in tire market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different application, end use, and regions for the carbon black in tire market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the carbon black in tire market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQS
Q1. What is the carbon black in tire market size?Answer:The global carbon black in tire market is expected to reach an estimated $13.9 billion by 2027.
Q2. What is the growth forecast for carbon black in tire market?
Answer:The carbon black in tire market is expected to grow at a CAGR of 5.2% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the carbon black in tire market?
Answer: The major drivers of growth for this market are strong demand for tires from passenger cars and commercial vehicles.
Q4. What are the major applications or end use industries for carbon black in tire?
Answer:Passenger car tire and commercial vehicle tire are the major application for carbon black in tire.
Q5. What are the emerging trends in carbon black in tire market?
Answer:Emerging trends, which have a direct impact on the dynamics of the carbon black tire industry, include the shift from commodity to more specialize grade carbon black, growing usage of recycled and bio-based carbon black and increasing merger and acquisition activities to consolidate the market.
Q6. Who are the key carbon black in tire companies?
Answer: Some of the key carbon black in tire companies are as follows:
- Birla Carbon
- Orion Engineered Carbon
- Cabot Corporation
- Omsk Carbon Group
- Philips Carbon Black
- China Synthetic Rubber Corporation
- Tokai Carbon
- Denka Company Limited
- Himadri Specialty Chemical
- Imerys Graphite & Carbon
- Continental Carbon Company
Answer: The analyst forecasts that the replacement tire industry is expected to remain the largest segment over the forecast period supported by ising average vehicle life and continuous expansion of automotive vehicle fleet is expected to spur growth for this segment over the forecast period.
Q8: In carbon black in tire market, which region is expected to be the largest in next 5 years?
Answer:Asia Pacific is expected to remain the largest region and witness the highest growth over next 5 years
Q9. Do we receive customization in this report?
Answer:Yes, the analyst provides 10% customization without any additional cost.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high growth opportunities for the global carbon black in tire market by application (passenger car tire, commercial vehicles tire, others), and end user industry (OEM, replacement), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities have taken place in the last 5 years in this market?
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Table of Contents
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2016 to 2027
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Birla Carbon
- Orion Engineered Carbon
- Cabot Corporation
- Omsk Carbon Group
- Philips Carbon Black
- China Synthetic Rubber Corporation
- Tokai Carbon
- Denka Company Limited
- Himadri Specialty Chemical
- Imerys Graphite & Carbon
- Continental Carbon Company
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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