U.S (New York)– The “Carbon Black Market ” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Carbon Black Market , its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
The global carbon black market was valued at $17.5 billion in 2018, and is projected to reach $23.0 billion by 2026, growing at a CAGR of 3.5% from 2019 to 2026. Surge in demand for carbon black in tire and construction & manufacturing industries is expected to drive the growth of the global carbon black market. In addition, the demand for carbon black in the automotive industry is increasing, where it is used to provide strength to industrial rubber compounds and other equipment Moreover, it possesses physical properties such as high stability, solvent resistance, thermal stability, owing to which it is widely used in the paints and coating industries
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
Carbon black is a form of para crystalline carbon, which contains 95% of pure carbon and enhances the physical and mechanical properties of material, making the end product more effective. Carbon black is widely used in manufacturing tires, plastics, mechanical rubber goods, printing inks, toners, rubber products, and pigments. It can absorb UV light and converts it into heat; hence, it finds its major application in the insulating wires and cables. In addition, it serves as a cost-effective rubber reinforcing agent.
However, fluctuations in raw material prices, increase in use of silica as a substitute, and environmental concerns associated with the manufacturing of carbon black are some of the factors that are expected to restrain the market growth in the upcoming years. On the contrary, increase in demand for carbon black due to its UV protection and conductive properties in plastics is expected to create lucrative opportunities for the growth of the market.
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The global carbon black market is segmented into process, grade, application, and region. By process, the market is classified into furnace black, channel, acetylene black, and lampblack. Depending on grade, it is divided into specialty and conductive. On the basis of application, it is categorized into tires, coatings, plastics, printing inks, and toners. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
– Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
– It outlines the current carbon black market trends and future scenario of the carbon black market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets.
– Major countries in the region have been mapped according to their individual revenue contribution in the carbon black market analysis at the regional and country-level market.
– The key drivers, restraints, and carbon black market opportunities and their detailed impact analyses are elucidated in the study.
– The profiles of key players along with their key strategic developments are enlisted in the report.
Major market players operating in the globalcarbon black market are BASF SE, Dow Inc., Mitsubishi Chemical Holdings, Nouryon, Dominion Colour Corporation, Asahi Carbon Co., Ltd., Birla Carbon Public Company Limited, Phillips Carbon Black Limited, Cabot Corporation, and SABIC.
KEY MARKET SEGMENTS
By Process
– Furnace Black
– Channel Black
– Acetylene Black
– Lamp Black
By Grade
– Specialty Grade
– Conductive Grade
By Application
– Tires
– Coatings
– Plastics
– Printing Inks
– Toners
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By Region
? North America
o U.S.
o Canada
o Mexico
? Europe
o Germany
o France
o Russia
o UK
o Rest of Europe
? Asia-Pacific
o China
o Japan
o Korea
o Rest of Asia-Pacific
? LAMEA
o Brazil
o Saudi Arabia
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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