According to this new market report, the future of the Chinese carbon black market looks good with opportunities in the tire, non-tire rubber, plastic, coating, and ink applications. The Chinese carbon black market is forecast to grow at a CAGR of 7.0% 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, the author 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.
Key Topics Covered:
1. Executive Summary
2. Carbon Black Industry Background and Classifications
3. Market Trends and Forecast Analysis
4. Competitor Analysis
5. Growth Opportunity and Strategic Analysis
6. Company Profiles of Leading Players
- Birla Carbon
- Cabot Corporation
- Continental carbon Company
- Orion Engineered Carbons
- Sid Richardson Carbon and Energy Co. Ltd
For more information visit http://www.researchandmarkets.com/research/cqp2vk/growth
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---chinese-carbon-black-market-2016-2021---major-players-are-sid-richardson-carbon-and-energy-cabot-birla-carbon-orion-engineered-carbons--continental-carbon-company-300309169.html
SOURCE Research and Markets