The Carbon Black Market globally is demonstrating positively notable growth. Market Research Future, a firm which specializes in market reports related to the Chemicals and Materials sector among others, published in its recent report on Carbon Black Market Research Report- Forecast to 2023, that the sector is expected to achieve a massive gain in its market share size and will continue its growth trend with a stellar CAGR percentage. This trend is expected to favorably lay down a conducive path for future growth in this sector.
Global carbon black market research report project that the carbon black market is likely to register a healthy CAGR of 4.59% during the review period from 2017 to 2023 and is estimated attain a market size of USD 17.23 billion by value till 2023. The market has witnessed yet another significant year with robust growth during 2016-2017 due to revived demand from the major end-use industries such as tire, paints & coatings, and plastics. This growth trajectory is primarily attributed to rising usage of carbon black in tire manufacturing, widening applications.
In April 2017, Linglong International Tire (Thailand) Co. Ltd. has entered into a strategic cooperation agreement with India’s Aditya Birla Group. The two parties committed to a strategic cooperation that will see Aditya Birla Group become Linglong Tire’s carbon black supplier.
To Receive Sample Report @
The Global Carbon Black Market is categorized into application, type, and grade.
On The Basis Of Application: Polymers, Inks & Paints, Tires, Electrical & Electronics, Automotive, Aviation, and Others
On The Basis Of Process: Furnace Black, Thermal Black, Acetylene Black and Lampblack
On The Basis Of Grade: Standard and Quality
The Global Carbon Black Market is segmented into five crucial regions namely; North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. Asia Pacific holds the major share in the market due to growing demand in end-use industries such as packaging, construction, and others. Countries such as China, Japan and India are the leading contributors to this market. The growing consumption of carbon black in electrical & electronics is likely to incline the manufacturers and investors to shift their base to these countries during the forecast period.
Top Global Vendors:
The Top Global Vendors operating in the Carbon Black Market are: 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., Mitsubishi Chemical Corporation, Cabot Corporation, OCI COMPANY Ltd., Orion Engineered Carbons, Phillips Carbon Black Ltd., Tokai Carbon Co. Ltd., Longxing Chemical, JINNENG, Himadri Speciality Chemical Ltd., ChemChina, Sid Richardson Carbon and Energy Co. Ltd., and Jiangxi Black Cat Carbon Black Inc. Ltd.
To Access Report @