Global Carbon Black Market Overview:
Carbon black is a material produced by the incomplete combustion of heavy petroleum products such as coal tar, FCC tar, or ethylene cracking tar. It is mainly used as a reinforcing filler in tires and other rubber products. In paints, plastics, and inks, carbon black is used as a color pigment. Moreover, carbon black has excellent conductive properties, thereby, it is also used as a component for magnetic tapes and semiconductors. According to AMA, the Global Carbon Black market is expected to see growth rate of 6.0%
Growth Drivers
- Increasing Application in Plastics and Coating Industries
- Growth in the Global Rubber Industry Likely To Drive Carbon Black Demand
Roadblocks
- Emission of CO2 in Carbon Black Production
Opportunities
- High Demand in the Asia-Pacific
- Increasing Requirement for UV Protection and Conductive Properties in Plastics
Challenges
- Volatility in Raw Material Prices
- Substitution with Silica in Tires
Competitive Landscape:
Some of the key players profiled in the report are Phillips Carbon Black Limited (India), Cabot Corporation (United States), OCI Company Ltd. (South Korea), Birla Carbon/Thai Carbon Black Public Company Limited (Thailand), Omsk Carbon Group OOO (Russia), Orion Engineered Carbons SA (Luxembourg), Tokai Carbon Co., Ltd. (Japan), SID Richardson Carbon & Energy Co. (United States), China Synthetic Rubber Corporation (China) and Evonik Industries AG (Germany). Additionally, following companies can also be profiled that are part of our coverage like Nippon (Japan), Mitsubishi Motors Corp. (Japan), Jiangxi Black Cat Carbon Black Co. Ltd. (China) and Phillips Carbon Black (India). Analyst at AMA Research see Japanese Manufacturers to retain maximum share of Global Carbon Black market by 2026. Considering Market by Grade Type, the sub-segment i.e. Standard Grade will boost the Carbon Black market.
Latest Market Insights:
On 28 June 2019, Cabot Corporation, a leading carbon black player has announced to increase the Prices for rubber carbon black products in North America. and On 21 May 2018, Cabot Corporation announced the addition of significant capacity to its worldwide network of carbon black plants. Through the combination of a plant expansion, operational improvements, and debottlenecking projects, Cabot is expanding its global capacity by over 300,000 metric tons.
On 28 June 2018, Japanese carbon black firm Tokai Carbon Co. Ltd. has entered into an agreement with Fort Worth-based Sid Richardson Carbon Ltd. to acquire 100 percent of Sid Richardson's assets. Acquiring Sid Richardson is a major step in Tokai's plan to become a global player in carbon black. and On 1 Oct 2018, Cabot Corporation announced that it has acquired NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., a subsidiary of Nippon Steel Chemical & Material Co., Ltd. The carbon black manufacturing facility in Pizhou, Jiangsu Province, China.
What Can be Explored with the Carbon Black Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Carbon Black Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Carbon Black
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Carbon Black market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Carbon Black market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Carbon Black Manufacturing Companies, Traders, Distributors, and Retailers, Raw Material Suppliers, Commercial R&D Institutes and Research Institute, Trade Association, and Government Agencies.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.