Lucintel’s latest market report analyzed that specialty carbon black provides attractive opportunities in the printing and packaging, building & construction, transportation, and industrial sectors. The specialty carbon black market is expected to reach $3 billion by 2025 with a CAGR of 6%. In this market, plastic is the largest segment by application, whereas printing and packaging is largest by end use industry. The shifting focus of carbon black suppliers from commodity to specialty grade and increasing use of specialty carbon black as pigment in plastics provides strategic growth path in this market.
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Based on application, the specialty carbon blackmarket is segmented into plastic, ink, coating, and others. The plastic segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period with growth in packaging, plastic pipe, film, and wire and cable.
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The specialty carbon black market is marked by the presence of several big and small players. Some of the prominent players offering specialty carbon black include Orion Engineered Carbons Holdings, Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), OMSK Carbon Group, Tokai Carbon, Continental Carbon, and Sid Richardson Carbon & Energy and others.
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