Carbon black is a product produced when different kinds of hydrocarbons undergo incomplete combustion. The product consists of carbon with minimal amounts of other elements like hydrogen, sulfur, oxygen, and nitrogen. This type of carbon resembles soot and is powdery with a high surface area to volume ratio. One of the best ways to create carbon black is by the furnace method. This method is perfect to create large quantities of the product. One of the common uses of carbon black is as filler in the manufacturing of tires. When the number of vehicles sold increases globally and the automotive industry does well, the carbon black industry also will do quite well. The refurbished automotive market will also increase the demand for the products from this industry.
This report takes into consideration the global, regional and the company level growth and restraining factors for carbon black and estimates its CAGR levels in the forecast periods from 2017 to 2023. The different market opportunities available for this product and the entry and exit barriers that every region offers are all discussed in detail. This report also talks about the emerging trends in this industry and analyzes the increase in growth of the market because of newer technological advancements.
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The basic four types of carbon black that this report analyzes are conductive carbon black, rubber black, pigment black and special carbon black. The individual industries that use these types, their potential demand in the future and their supply quantities are all discussed.
Based on the application, the report segments the market into tire rubber, non-tire rubber, plastic, ink, coating and other areas where carbon black is commonly used. The different areas that will demand more of this product in the forecasted period are discussed in detail in this report. There are a total of 8 key players that this report identifies. These key players, in total, hold the major market share. Some of the top names in this list are Birla Carbon, Omsk Carbon Group, Philips Carbon Black and Tokai Carbon.
North America, Europe, Asia-Pacific, the Middle East, and Africa and South America are regions that are considered for analysis in this report. Out of these, based on sheer value and volume, Asia-Pacific will hold the highest percentage of the market. The high volume of vehicles produced in this region will impact the growth margin. North America and Europe will also do relatively well in the forecasted period. The potentials risks and opportunities that each of these regions provides are also analyzed in detail by this report.
In July 2019, the OMSK Carbon Group (OCG) entered into an agreement with the Russian Academy of Sciences’ OMSK Research Center to implement a national program that will aim at increasing exports in Russia and to improve technological advancements. This agreement will enhance the position of this company in the global carbon black market.
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