According to the latest report by IMARC Group, titled “Specialty Carbon Black Market: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” The global specialty carbon black market is expected to exhibit a CAGR of 7.4% during 2022-2027.
Specialty carbon black represents a refined chemical manufactured by burning hydrocarbons. It offers thermal stability, high opacity, and resistance against acids, solvents, and alkalines compared to ebony organic dyes. Specialty carbon black is currently available in various forms that find applications in several industry verticals. For instance, this chemical, coupled with medium-sized particles, is used in the paper sector for decorative and photo-protective products. In contrast, rough particles find extensive utilization in the construction industry. Specialty carbon black is also used in the manufacturing of hoses, boots, fascia, gaskets, grommets, belts, diaphragms, conveyor wheels, air springs, and vibration isolation devices.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The escalating construction activities across the globe, on account of the emerging trend of urbanization and the development of existing infrastructure, is among the primary factors driving the specialty carbon black market. Besides this, the elevating product requirement in the electronics sector as a semi-conductive cable compound and a viscosity control additive for electromagnetic shielding, owing to its excellent tinting strength and high conductivity and dispersibility, is further augmenting the market growth. Moreover, specialty carbon black resists ultraviolet (UV) radiation in plastics, such as polyolefins, by absorbing the light and transforming it into heat, which is also catalyzing the global market. Apart from this, the growing popularity of this chemical in refuse sacks, carbon bushes, industrial bags, household appliances, stretch wraps, photographic containers, blow-molded containers, and agriculture mulch films is acting as another significant growth-inducing factor. Furthermore, the rising focus on the introduction of innovative product variants with customization options in the automotive industry is anticipated to propel the specialty carbon black market over the forecasted period.
Breakup by Grade Type:
- Conductive Carbon Black
- Conductive Polymers
- Paints and Coatings
- Printing Inks
- Others
- Fiber Carbon Black
- Polyester Fiber
- PP Masterbatches
- Nylon Textiles
- Others
- Food Contact Carbon Black
- Packaging
- Film and Sheet
- Consumer Molded Parts
- Others
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape:
- Ampacet Corporation
- Atlas Organics Pvt. Ltd
- Birla Carbon (Aditya Birla Group)
- Cabot Corporation
- Continental Carbon Company (CSRC USA Corp.)
- Denka Company Limited
- Himadri Speciality Chemical Ltd
- Mitsubishi Chemical Corporation
- OMSK Carbon Group Limited
- Orion Engineered Carbon GmbH
- Phillips Carbon Black Limited
- Tokai Carbon Co. Ltd
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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