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Carbon Black Market - Positive Long-Term Growth Outlook 2022

Increasing automotive sales and consequent rise in tire production is expected to drive industry growth over the forecast period. The Global Carbon Black Market is expected to reach USD 28.05 billion by 2022, according to a new report by Grand View Research, Inc.


High demand for plastics and high performance coatings in automotive manufacturing is also expected to have a positive influence on the market growth. Carbon black provides electrical conductivity and antistatic properties to many plastic products ranging from insulation materials to highly conductive areas.

Policies aimed at reducing GHG emissions during carbon black production processes may hamper growth trajectory over the forecast period. Since the production process is highly energy intensive, optimization of processes and greener & sustainable alternatives are paramount to tackle such issues in future.

Tires were the leading application segment and accounted for over 70% of the overall volume in 2014. Increasing passenger car sales and a robust aftermarket and OEM sectors of automotive industry are expected to drive tire production, thereby increasing carbon black consumption over the forecast period.

To Know More About Carbon Black Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/carbon-black-market

Plastics are expected to be the fastest growing application segment at a CAGR of 4.3% from 2015 to 2022. Increasing usage of specialty grades for improving electrical conductivity, better UV resistance and antistatic properties in plastics is expected spur growth.

Top Players of Carbon Black Market:

Key players in the Global Carbon Black Industry include OJSC Kremenchug, OMSK Carbon Group, Tokai Carbon Co. Ltd., Sid Richardson Carbon & Energy Co., Ralson Goodluck Carbon, Asahi Carbon Co. Ltd., Atlas Organic Pvt. Ltd., Continental Carbon, OCI Co. Ltd., Birla Carbon and Cabot Corp.

Market Segmentation of Carbon Black Market:

The Global Carbon Black Market segmented on the basis of Application and Region.

By Application:

    Tires
    High Performance Coatings
    Plastics

By Regions:

    North America
        US
    Europe
        UK
    Asia Pacific
        China
    Latin America
        Brazil
    Middle East & Africa

Inquire about Carbon Black Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2837
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