NEW YORK, August 4, 2016 /PRNewswire/ --
Growing automobile and plastics industries coupled with mounting demand from conductive applications to drive global specialty carbon black market through 2021
According to TechSci Research report, "Global Specialty Carbon Black Market By Type, By Application, By Region, Competition Forecast and Opportunities, 2011-2021", the global specialty carbon black market is poised to surpass US$ 2.9 billion by 2021 owing to growing demand from plastics industry coupled with increasing applications in paints & coatings sector. Global plastics production increased from 279 million tons in 2011 to 311 million tons in 2014, exhibiting a CAGR of around 3.7% during 2011-2014. Backed by booming plastics production, global specialty carbon black market is expected to grow at a healthy pace over the next five years.
Browse 41 market data Tables and 152 Figures spread through 228 Pages and an in-depth TOC on "Global Specialty Carbon Black Market"
On the basis of type, global specialty carbon black market has been segmented into lamp black, acetylene black, conductive blacks and others. In 2015, lamp black accounted for the largest share in global specialty carbon black market due to its extensive range of applications. Globally, plastics is the largest application area for specialty carbon blacks owing to increasing demand for plastic compounds with high jetness and enhanced UV stability. Over the next five years, plastics industry is expected to continue its dominance in global specialty carbon black market on account of anticipated growth in plastics industry, especially in Asia-Pacific and Middle East & Africa.
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"In order to reduce the dependency on petroleum coupled with increasing greenhouse gas (GHG) emissions, governments across the globe are offering incentives on manufacturing and purchase of electric vehicles. A healthy growth in global electric vehicles market is expected to steer demand for rechargeable batteries, which in turn, is expected to boost demand for raw materials, including specialty carbon black over the next five years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Global Specialty Carbon Black Market By Type, By Application, By Region, Competition Forecast and Opportunities, 2011-2021" has analyzed the potential of global specialty carbon black market and provides statistics and information on market sizes, consumer behavior and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
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