Carbon Black Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt.) Ltd.)

Carbon Black Market Research Report- Forecast to 2023 The Global Carbon Black Market has been witnessing significant growth year after year. The market is predominantly driven by the vast consumption in major end-use industries such as tire, paints & coatings, and plastics. Moreover, rising usage of Carbon Black in tire manufacturing and widening application scope of carbon black in plastics and paints & coatings applications escalate the market on the global platform. According to Market Research Future (MRFR), the Carbon Black Market is poised to touch a valuation of USD BN by the end of In its recently published analysis, MRFR also asserts that the market would register a CAGR over 4.59% throughout the review period (2017 – 2023). Increased demand from the burgeoning end-use industries such as automotive and aerospace is a key driving force behind the growth of the market. The tire manufacturing sector is one of the largest end-users of Carbon Black. The tire market has been witnessing an increasing production over the last few years, which defines the growing market landscape. Additionally, increasing investments in the tire & rubber making industry and substantial growth in the automotive and construction sectors substantiate the growth of the market. On the other hand, changing regulations are posing challenges to the growth of the market, reducing usages and Carbon Black and increasing silica instead as a reinforcing agent in tire manufacturing. However, bolstering automotive aftermarket and construction sector in emerging economies would support the market growth, offering several growth opportunities. Carbon Black Market - Overview

Carbon Black Market Research Report- Forecast to 2023 The report is segmented into four market dynamics to widen the scope of understanding, By Process Type : Channel Black, Furnace Black, Thermal Black, and Acetylene Black, among others. By End-use: Tire, Non-tire, Paints & Coatings, Inks, and Plastics, among others. By Function: Reinforcement and Pigments, among others. By Regions: Asia Pacific, North America, Europe, and the Rest-of-the-World. View Full Press Segmental Analysis

Carbon Black Market Research Report- Forecast to 2023 Regional Outlook The Asia Pacific region leads the Global Carbon Black Market with the largest market share. This region is estimated to retain its dominance throughout the forecast period, reaching USD 9,242.0 MN by the end of The market is majorly driven by the rapid urbanization, industrialization, and robust growth in the key end-user industries that promote high penetration of the Carbon Black. Countries such as India, China, South Korea, and Japan account for the major contributors to the regional market growth due to their substantially large tire markets. Policymakers in major economies such as China, India, South Korea, and ASEAN countries are investing hugely to improve their residential and commercial infrastructure, which, in turn, impact the growth of the regional market. The Carbon Black Market in the North American region takes the second lead, following the APAC market closely. Heading with its expanding automotive sector, the region is expected to create a substantial revenue pocket. Moreover, factors such as the high consumption potential, increasing production capacities, and the well-developed economy are positively affecting the growth of the regional market. Strict regulatory framework, high technology adoption rate, and spurting growth in paints & coatings application are factors fostering the market growth in the region. The US and Canada are among major contributors in the regional market growth and are expected to witness tremendous growth during the review period. The European Carbon Black Market has emerged as a profitable market globally. The increasing expenditure in innovation and growing purchasing power of consumers led by the resurging economy in the region is predicted to increase the demand for carbon black. Germany heading with its massive automotive production dominates the regional market.

Carbon Black Market Research Report- Forecast to 2023 Major Players in this Research Carbon Black Market Prominent Players: Orion Engineered Carbons Phillips Carbon Black Ltd. Tokai Carbon Co., Ltd. Himadri Speciality Chemical Ltd. Sid Richardson Carbon and Energy Co. Ltd. Kremenchug Carbon Black Plant Shandong Huadong Rubber Materials Co., Ltd. NIPPON STEEL & SUMIKIN CHEMICAL CO., LTD. Shijiazhuang Xinxing Chemical Carbon Co. Ltd. Hebei Daguangming Juwuba Carbon Black Co. Ltd. Suzhou Baohua Carbon Black Co., Ltd. Jiangxi Black Cat Carbon Black Inc., Ltd. Get a Free

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