DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Carbon Black Market - Global Forecast to 2021" report to their offering.
The carbon black market size is projected to reach USD 13.79 billion by 2021, at a CAGR of 4.6% between 2016 and 2021.
Carbon black is a para crystalline form of carbon mainly used as reinforcing filler in tires and other rubber products. Additionally, it is used as black pigment in plastic products, printing inks, paints, and toners. Hence, its demand is expected to rise from tire, rubber, plastic, inks & coatings, construction, metallurgy, resin coloring, and paint industries. Emission of CO2 gas during carbon black production may act as restraint for the carbon black market.
The furnace black segment is projected to witness high growth during the forecast period. This segment accounts for almost 80% of the total carbon black produced. It is produced by oil furnace process and is available in particle sizes ranging from 11nm to 500nm. It is used for various applications ranging from rubber reinforcement to coloring. Growth in furnace black consumption is driven by the growing demand from automobile and tire industries.
The market for carbon black in the tire application segment is projected to register the highest growth during the forecast period. The market in this application is growing due to the increasing demand for reinforcing filler from the tire industry. The use of carbon black as a reinforcing agent has gained significant importance as it improves the life span of tires by conducting heat away from the tread and belt area of tires. Furthermore, carbon black enhances the properties of tires such as handling, fuel mileage, tread wear resistance, abrasion resistance, and hysteresis, thereby, improving the overall performance of tires.
Companies Mentioned
- Asahi Carbon Co., Ltd.
- Cabot Corporation
- China Synthetic Rubber Corporation
- Himadri Chemicals & Industries Ltd.
- Jiangxi Black Cat Carbon Black Inc., Ltd.
- Longxing Chemical Stock Co, Ltd.
- Mitsubishi Chemical Corporation
- Nippon Steel & Sumikin Chemical Co., Ltd.
- OCI Company Ltd.
- OMSK Carbon Group OOO
- Orion Engineered Carbons S.A.
- PJSC "Kremenchug Carbon Black Plant"
- Phillips Carbon Black Limited
- Ralson Goodluck Carbon
- SID Richardson Carbon & Energy Co.
- Shandong Huadong Rubber Materials Co., Ltd.
- Shandong Lion King Carbon Black Co., Ltd.
- Suzhou Baohua Carbon Black Co., Ltd.
- Thai Carbon Black Public Company Limited (Birla Carbon)
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Tokai Carbon Co., Ltd.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Carbon Black Market, By Type
8 Carbon Black Market, By Application
9 Carbon Black Market, By Grade
10 Carbon Black Market, By Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
For more information about this report visit http://www.researchandmarkets.com/research/bjqwvp/carbon_black
