DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/sc7dk7/global_carbon) has announced the addition of the "Global Carbon Black Market 2015-2019" report to their offering.
The analysts forecast the Global Carbon Black market to grow at a CAGR of 3.91% over the period 2014-2019
Carbon black is a black colored powder manufactured by the partial combustion of fossil fuels including variants such as furnace black, thermal black, lampblack, acetylene black, and channel black. It is used as a pigment and finds application as a reinforcing agent in rubber goods. It is used in the Plastic and Automotive sectors. Specialty carbon black is one of the segments of the Global Carbon Black market and finds application in plastics, printing inks, and metallurgy.
One of the key trends upcoming is the market concentration and consolidation of suppliers. Globalization and consolidation have led market players to expand their businesses to low-cost production areas in the APAC region, which in turn is leading to a shift in the manufacturing base of the market.
According to the report, the global demand for carbon black is expected to increase because of growing demand from the Global Automotive Tires market. The significant growth in demand for automotive tires is driven by the increased demand for green tires, growth in the commercial and passenger vehicle population, replacement cycles, and rising demand for tires that improve fuel efficiency.
Further, the report states that fluctuating crude oil prices is one of the challenges that restrain the growth of the Global Carbon Black market. Since carbon black feedstock is derived from crude oil, a rise in crude oil prices increases the cost of production and reduces the profit margins of manufacturers of carbon black.
The report provides data on the following segments of the Global Carbon Black market:
- Application (Rubber Applications, Other Applications)
- End-user (Tire Industry, Non-tire Rubber Goods Industry, and Non-rubber Goods Industry)
- Geography (APAC Region, Europe, North America, and ROW)
- Birla Carbon
- China Synthetic Rubber (CSR)
- Orion Engineered Carbons Holdings
For more information visit http://www.researchandmarkets.com/research/sc7dk7/global_carbon