DUBLIN--(BUSINESS WIRE)--The "Carbon Black Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The global carbon black market is expected to reach an estimated $20.2 billion by 2023 with a CAGR of 5.6% from 2018 to 2023.
The future of the global carbon black market looks attractive with opportunities in the transportation, industrial, and building & construction, and packaging sectors. The major growth drivers for this market are increasing tire production, and rising demand for specialty carbon black in plastic, ink, and coating applications.
Emerging trends, which have a direct impact on the dynamics of the carbon black industry, include growing usage of recycled and bio-based carbon black, and shifting focus from commodity to more specialize grade carbon black.
The researcher predicts that carbon black demand in tire will remain the largest application over the forecast period supported by continuously increasing fleet size of passenger cars and light commercial vehicle. Lucintel forecasts that plastic segment is expected to witness the highest growth in the forecast period due to growth in plastic pipe, wire & cable, and packaging market.
Within the global carbon black market, transportation will remain the largest end use industry during the forecast period supported by increasing demand for the tire and mechanical rubber goods. Lucintel predicts that the demand for carbon black in the packaging end use is likely to experience the highest growth in the forecast period supported by growth in the food and beverages, household products, personal care, and pharmaceuticals sectors.
Asia Pacific is expected to be the largest region by value and volume and will experience the highest growth over the forecast period supported by higher vehicle production and shift of tire production in low-cost countries, such as India and China.
Scope of the Report
Carbon Black Market by Application [Kilotons and $M shipment analysis from 2012 to 2023]:
- Tire Rubber
- Non-Tire Rubber
Carbon Black Market by End Use Industry [Kilotons and $M shipment analysis from 2012 to 2023]:
- Building and Construction
- Printing and Packaging
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
3. Market Forecast Analysis from 2012 to 2023
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
- Birla Carbon
- Cabot Corporation
- China Synthetic Rubber Corporation
- Omsk Carbon Group
- Orion Engineered Carbons
- Philips Carbon Black
- Sid Richardson Carbon & Energy Co
- Tokai Carbon Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/research/j4cmsn/global_carbon?w=4