NEW YORK, May 16, 2016 /PRNewswire/ -- Carbon black is basically a black colored powder, consumed majorly by the tire industry due to its ability to increase strength and longevity of the tires. However, consumption rates for specialty carbon black market which provides enhanced conductivity and UV protection is also growing. Construction and manufacturing sectors also use carbon black to provide strength to industrial rubber compounds and other equipment. Global carbon black market is highly competitive, with all major players investing heavily in R&D to improve the quality of their product.
The market is dominated by Asia-Pacific, wherein majority of the demand emanates from emerging economies such as China and India, on account of expanding tire manufacturing facilities and growth in construction sector. Asia-Pacific is projected to maintain its dominance in the market through 2020, with tire manufacturers shifting production base to developing countries in the region.
The global carbon black market has applications across industries such as, automobile, industrial, plastics, paint & coatings and printing ink & toners. Additionally, carbon black market is also classified by its subtype; acetylene black, channel black, furnace black, lamp black and thermal black.
Each of these segmentations has been studied to give comprehensive analysis of the global renewable fuels market. The overall market has also been consolidated from the perspective of different geographic locations into standard geographic regions and key economies for this market. Additionally, this report encompasses opportunity analysis, porter's analysis, pricing analysis and market forces such as drivers, constraints and challenges that are stated to affect the overall market.
Competitive landscape for each type of carbon black is highlighted and key market players are profiled with attributes of business overview, financials, business strategies, product portfolio and recent developments pertaining to metal deactivators. Market shares of the key players for 2014 are also provided. The report encompasses the most detailed and in-depth segmentation and analysis of the carbon black market for the period 2014 – 2020.
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