Increased penetration of carbon black in the automotive industry and surge in demand from the cosmetic market drive the growth of the global carbon black market. The market across Asia-Pacific garnered the largest share in 2018, contributing to three-fifths of the market and is expected to register the fastest CAGR of 4.0% during the forecast period.
Allied Market Research published a report, titled, “Carbon Black Market by Process (Furnace Black, Channel, Acetylene Black, and Lampblack), Grade (Specialty and Conductive), and Application (Tires, Coatings, Plastics, Printing Inks, and Toners): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global carbon black industry garnered $17.50 billion in 2018, and is estimated to reach $23.0 billion by 2026, growing at a CAGR of 3.5% from 2019–2026.
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COVID-19 impact analysis
The outbreak of the COVID-19 pandemic left a significant impact on the global economy. The carbon black market report provides a detailed study of the micro- and macro-economic impacts of the pandemic. Moreover, the analysis depicts the direct impact of COVID-19 on the carbon black market. It recapitulates the detailed information about the market extent and shares owing to the impact of the outbreak. The report also emphasizes on the supply chain and the sales of the carbon black market. Last but not the least; the study also exhibits a post-COVID-19 scenario, portraying different measures and initiatives taken by the government bodies across the world.
The global carbon black market is segmented on the basis of process, grade, application, and geography. Based on process, the market is divided into furnace black, channel, acetylene black, and lampblack. The furnace black segment is expected to register the fastest CAGR of 4.2% during the forecast period. However, the segment held the largest share in 2018, accounting for nearly half of the market.
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Some ruling enterprises in the global carbon black market are examined in the report along with the citation of innovative product launches by them, their collaborative undertakings & endeavors, several merges & acquisitions, and many more. The frontrunners operating in the global carbon black industry include SABIC, Asahi Carbon Co., Ltd., Cabot Corporation, Dow Inc., Birla Carbon Public Company Limited, Nouryon, Mitsubishi Chemical Holdings.
The global carbon black market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific garnered the largest share in 2018, contributing to three-fifths of the market and is expected to register the fastest CAGR of 4.0% during the forecast period.
Major Inclusions-
- Qualitative as well as quantitative assessment of the market on the basis of the detailed categorization involving both the economic and non-economic factors.
- Analysis at country and regional level, which portrays the share of the product or service in different regions.
- Elaborative company profiles section, which provides different pointers such as key executives, business enactment, company overview, product/service portfolio, R&D expenditure, current scenario, and prime strategies of the key market players.
- The forecasted market outlook of the carbon black market based on recent developments, which incorporate the analysis of drivers, market trends, and growth opportunities.
- The COVID-19 impact on the carbon black market
- Post-sales support and free customization
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