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Carbon Black Market to Garner $ 23.0 Bn, Globally, By 2026 at 3.5 % CAGR, Says Allied Market Research

Rising penetration of carbon black in the automotive industry and increase in demand from the cosmetic industry fuel the growth of the global carbon black market

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Allied Market Research

Feb 26, 2020, 09:00 ET

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PORTLAND, Oregon, Feb. 26, 2020 /PRNewswire/ -- 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. 

Drivers, restraints, and opportunities-
Rising penetration of carbon black in the automotive industry, and increase in demand from the cosmetic industry fuel the growth of the global carbon black market. On the other hand, implementation of stringent guidelines toward use of carbon black curtails down the growth to some extent. However, need for green alternatives to bring down carbon footprints is expected to create multiple opportunities in the near future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/5554

The furnace black segment to lead the trail by 2026-
Based on process, the furnace black segment accounted for nearly half of the global carbon black market share in 2018, and is expected to retain its dominance by the end of 2026. The same segment is also projected to cite the fastest CAGR of 4.2% from 2019 to 2026. Increase in use of furnace black process for rubber reinforcement is the key factor driving the growth of the segment. The other segments assessed through the report take in channel black, acetylene black, and lamp black.

The specialty grade segment held the largest share in 2018-
Based on grade, the specialty grade segment contributed to more than four-fifths of the global carbon black market revenue in 2018, and is projected to dominate till 2026. The same segment would also manifest the fastest CAGR of 3.6% throughout the forecast period. Increasing use of specialty carbon blacks as pigmenting, UV stabilizing, and conductive agents in plastic, printing, packaging, and coating products is expected to propel the growth of the segment. The segment of conductive grade is also analyzed in the market report.

Asia-Pacific, followed by Europe and North America, to rule the roost in terms of revenue-
Based on geography, the region across Asia-Pacific held the major share in 2018, garnering nearly three-fifths of the global carbon black market. The same province is also anticipated to register the fastest CAGR of 4.0% during the estimated period. This is due to its high stiffness, enhanced tensile strength, low weight, superior chemical resistance, high-temperature tolerance, and low thermal expansion. The other regions analyzed in the report include North America, Europe, and LAMEA.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/5554

Leading market players-

  • SABIC
  • Dow Inc.
  • Asahi Carbon Co., Ltd.
  • Cabot Corporation
  • Mitsubishi Chemical Holdings
  • Birla Carbon Public Company Limited
  • Nouryon
  • Dominion Colour Corporation
  • BASF SE
  • Phillips Carbon Black Limited

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Carbon Fiber Market: Global Opportunity Analysis and Industry Forecast, 2018-2025
Biodegradable Plastic Market: Global Opportunity Analysis and Industry Forecast, 2019-2026
Aerospace Plastics Market: Global Opportunity Analysis and Industry Forecast, 2019–2026
HDPE Pipes Market:Global Opportunity Analysis and Industry Forecast, 2018 - 2025

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

SOURCE Allied Market Research

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