Global Specialty Carbon Black Market - Growth Drivers, Opportunities and Forecast Analysis to 2024
Summary -
A new market
study, titled “Global Specialty Carbon Black Market Analysis,
Trends and Opportunities -2024” has been featured on WiseGuyReports.
Market Overview
Global Specialty Carbon Black Market
is evacuated to register a CAGR of 5.28% to reach USD 2,330.9 Million during
the review period. Specialty carbon black is an authentic form of carbon with
low content of ash, sulfur, metals, and other impurities. Specialty carbon has
superior conductive and UV protection properties and offers pigmentation. This
type of carbon is been used in many applications such as plastics, printing
inks, paints & coatings, masterbatches, batteries, adhesives &
sealants, and foaming agents.
The increasing adoption of specialty
carbon black in the polymer manufacturing is the major factor driving the
growth of the global specialty carbon market. However, the growing construction
industry in both developing and developed economies is evaluated to create
profitable growth opportunities for players operating in the global market by
2025. Furthermore specialty carbon black has widespread applications in the
manufacturing of printing inks, owing to its excellent pigmenting property.
Besides, the stringent environmental policies related to the use of additives
in plastics and food contact materials can restrain the growth of the market in
the future.
Market Segmentation
The Global Specialty Carbon Black
Market has been segmented based on Grade, application, and end-user industry.
The grade segment has been further segmented into Conductive Grade, Food Grade,
and Others. The conductive grade segment is expected to dominate the market
owing to the high demand for the product from electronics and packaging
applications. Furthermore, technological advancements in the energy,
electronics, and paints and coatings industries have widened the application
scope for a conductive grade of carbon black.
The Market, by Application segment,
has been classified into Plastics, Masterbatch, Printing Inks, Paints &
Coatings, Adhesives & Sealants, Batteries, and Others. The plastics segment
led the global specialty carbon black market in 2018.
Based on End-Use Industry the global
market has been bifurcated into Automotive, Electrical & Electronics,
Packaging, Building & Construction, and Others.
Regional Analysis
The region-specific analysis of the
Global Specialty Carbon Black Market has been segregated into Asia-Pacific,
Europe, North America, Latin America, and the Middle East & Africa.
Asia-Pacific contributed the largest
market of the global market with more than 50% share in 2018. The region is
anticipated to exhibit the highest growth during the assessment period owing to
the robust growth of the automotive, packaging, and building & construction
industries across China and India.
North America, anticipated for the
second-largest share in 2018 followed by Europe. The regional market is
expected to hamper by the stringent environmental regulations related to the
restriction on the use of additives in plastics and food contact materials. The
global specialty carbon black market in Latin America and the Middle East &
Africa accounted for relatively smaller shares in the market.
Major Players
The Key Players in the Global
Specialty Carbon Black Market are Cabot Corporation (US), Orion Engineered
Carbons SA (Luxembourg), Birla Carbon (Thailand), Himadri Speciality Chemical
Ltd (India), Mitsubishi Chemical Corporation (Japan), Phillips Carbon Black
Limited (India), Continental Carbon Company (US), DyStar Singapore Pte Ltd
(Singapore), Imerys Graphite & Carbon (Switzerland), and Omsk Carbon Group
(China).
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FOR MORE DETAILS:- https://www.wiseguyreports.com/reports/5533036-global-specialty-carbon-black-market-research-report-forecast-till-2025
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