Global specialty carbon black market is anticipated to witness an exponential growth in the forecast period. Specialty carbon black, also termed as “Pigment Black”, is a high-end refined chemical factory-made by burning hydrocarbons in the limited air supply. It is the purest form of carbon black with a lesser level of sulfur, ash, and metals along with other impurities.
Factors such as increasing demand for plastic and coating in the construction and building, automotive, and packaging industries, rising disposable income and increasing demand from end-user industry are likely to drive the specialty carbon black market in the forthcoming period. On the other hand, silica is one of the key alternatives owing to the fact that it offers eco-friendly benefits, and volatility of raw material prices and environmental concerns are anticipated to hinder the market growth in future. However, technological advancement is likely to create lucrative opportunities for the market.
The emerging trend in the specialty carbon black market is directly influencing the dynamics of the specialty carbon black manufacturing, comprising the shifting attention of carbon black suppliers from commodity to specialty grade and growing usage of specialty carbon black as a pigment in lightweight automotive parts. Globally, market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Specialty carbon black market could be explored by grade type, function, application, end-user industry, and geography. The market could be explored by grade type as Fiber (PP Masterbatches, Polyester Fiber, and Nylon Textiles), Conductive (Paints & Coatings, Battery Electrodes, Printing Inks and Conductive Polymers) and Food (Film & Sheet, Packaging, and Consumer Molded Parts)). Based on function, market could span UV Protection, Color, Conductive and Others. Based on applications, market could span Printing Ink, Plastics, Paint and Other Application.
The market could be explored based on end user industry as Construction Transportation Industrial, Printing and Packaging, Building and Others. The “Printing and Packaging” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come.
Asia-Pacific is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to factors such as increasing automotive sales, increasing demand for polymers from consumer goods, manufacturing cost, increasing demand for plastic and coating in the construction and building, automotive and packaging industries. Asia-Pacific is followed by North America.
Key players operating in the specialty carbon black market include Birla Carbon, Mitsubishi Chemical Corporation, Phillips Carbon Black Limited, China Synthetic Rubber Corporation, Tokai Carbon Co. Ltd, Shandong Huibaichuan New Materials Co., Ltd, Imerys SA, Beilum Carbon Chemical Limited, Shanxi Fulihua Chemical Materials Co. Ltd, Zaozhuang Xinyuan Chemical Industry Co., Ltd., Shandong Emperor-Taishan Carbon Co., Ltd, Geotech International B.V. and Xiahuayuan Xuguang Chemical Co., Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
Report contents include
• Analysis of the specialty carbon black market including revenues, future growth, market outlook
• Historical data and forecast
• Regional analysis including growth estimates
• Analyzes the end user markets including growth estimates.
• Profiles on specialty carbon black including products, sales/revenues, and market position
• Market structure, market drivers and restraints.
• North America
• Asia Pacific
• Middle East and Africa
• South America
• request free sample to get a complete list of companies
Research Support Specialist, USA