Increasing demand of plastics for non-rubber applications in key end-use industries such as packaging, automotive, construction, electrical & electronics, and pressure pipes is expected to remain a key driving factor for specialty carbon black market growth.
The Global Specialty Carbon Black Market is expected to reach USD 3.82 billion by 2024, according to a new report by Grand View Research, Inc.
The Global Specialty Carbon Black Market is expected to reach USD 3.82 billion by 2024, according to a new report by Grand View Research, Inc.
Increasing consumption of lithium-ion batteries owing to superior properties which include good electrical conductivity, good stability at the higher voltage, less solvent, and improves adhesion is also anticipated to fuel industry growth significantly.
The manufacturing process emits a large amount of toxic GHG which creates concern to human health and the environment. These factors have compelled manufacturers in North America and Europe to shut down their operations and shift production facilities to Asia Pacific.
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Conductive grade accounted for over 30% of overall volume in 2015. Increasing demand in battery electrodes and paint & coating industries owing to better conductive properties polymers and rubbers is expected to drive demand. It is widely used as a reinforcing agent in products like tires, chassis bumpers, conveyor wheels, blow-molded containers, gaskets, hoses, automotives, and wiper blades.
Top Players of Specialty Carbon Black Market:
Key industry participants in the market include OMSK Carbon Group, Sid Richardson Carbon & Energy Co., Tokai Carbon Co. Ltd., Atlas Organic Pvt. Ltd., Continental Carbon Co., Birla Carbon, Cabot Corp., China Synthetic Rubber Corp., Himadri Companies & Industries Ltd., Phillips Carbon Black Ltd., Orion Engineered Carbon.
Market Segmentation of Specialty Carbon Black Market:
The Global Specialty Carbon Black Market segmented on the basis of Grade and Region.
By Grade:
Conductive
Conductive Polymers
Paints & Coatings
Battery Electrodes
Printing Inks
Fiber
Polyester Fiber
PP Masterbatches
Nylon Textiles
Food
Packaging
Film & Sheet
Consumer Molded Parts
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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