NEW YORK, Sept. 20, 2016 /PRNewswire/ -- According to a new market report published by Lucintel, the future of the United States carbon black market looks good with opportunities in the tire, non-tire rubber, plastic, coating, and ink applications. The United States carbon black market is forecast to grow at a CAGR of 4.2% from 2016 to 2021. The major drivers of growth for this market are the strong demand for carbon black from tire and industrial rubber compound.
In this market, carbon black is used in tire, non-tire rubber, plastic, ink, and coating applications. On the basis of its comprehensive research, Lucintel predicts that the tire application is expected to remain the largest segment during the forecast period supported by continuously increasing fleet size of passenger cars and light commercial vehicles.
Within the carbon black market, the transportation industry is expected to remain the largest market by value and volume. Increasing demand for tire and other rubber molded parts are expected to spur growth for this segment over the forecast period.
For business expansion, the report suggests innovation and new product development, where the unique characteristics of carbon black can be capitalized. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.
Emerging trends, which have a direct impact on the dynamics of the industry, include the shift from commodity to more specialize grade carbon black and increasing use of carbon black as pigment in lightweight auto parts to enhance the conductivity and UV protection properties. Sid Richardson Carbon and Energy Co. Ltd, Cabot Corporation, Birla Carbon, Orion Engineered Carbons and Continental carbon Company are among the major suppliers of the carbon black. Some companies are opting for M&A as a strategic initiative for driving growth.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the United States carbon black market by application and end-use industry and has come up with a comprehensive research report, "Growth Opportunities in the United States Carbon Black Market 2016-2021: Trends, Forecast, and Opportunity Analysis." The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities in the United States carbon black market by application and end-use industry as follows:
By application [Volume (M lbs. / Kilotons) and $M shipment analysis for 2010 – 2021]:
Tire Non-tire rubber Plastic Ink Coating Others
By end user industry [Volume (M lbs. / Kilotons) and $M shipment analysis for 2010 – 2021]:
Transportation Industrial Building & Construction Printing & Packaging Others
This report answers following 10 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the United States carbon black market by applications and end use industry?
Q.2. Which product /segments will grow at a faster pace and why?
Q.3. What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.4. What are the business risks and threats of this market?
Q.5. What are the emerging trends in this market and reasons behind them?
Q.6. What are some changing demands of customers in the market?
Q.7. What are the new developments in the market? Which companies are leading these developments?
Q.8. Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.9. How is the competitive rivalry and threat of substitution in this market?
Q.10. What are M&A activities in the last 5 years in this market? What reasons to these activities and how have they impacted the industry?
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today's stringent economy, you need every advantage that you can find.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of "Growth Opportunities in the United States Carbon Black Market 2016-2021: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: United States carbon black market size estimation in terms of value ($ Mil) and volume (kt) shipment.Trend and forecast analysis: United States carbon black market trend (2010-2015) and forecast (2016-2021) by application and end use industry.Segmentation analysis: United States carbon black market size by various application segments such as tire, non-tire rubber, plastic, ink, coating, and others and by end use industry such as transportation, industrial, building & construction, printing & packaging, and others in terms of value and volume shipment.Growth opportunities: Analysis on growth opportunities in different applications and end use industry. Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of carbon black in the United States carbon black market suppliers.Emerging applications: Emerging applications of United States carbon black in various markets. Analysis of competitive intensity of the industry based on Porter's Five Forces model
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