GLOBAL CARBON BLACK MARKET FORECAST 2019-2027

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GLOBAL CARBON BLACK MARKET FORECAST 2019-2027

Inkwood Research estimates that the global market for carbon black will grow, recording an anticipated CAGR of 3.60% during the forecast period, and will reach revenue of $16712.3 million by 2027. The base year considered for the market study is 2018, while the forecasted period is between 2019 & 2027. The growing adoption of carbon black in the construction industry is considered as a major driver fueling market growth. The increase in population, coupled with rising disposable income, has resulted in high demands in the construction sector. For Instance, In Hong Kong, housing establishments have launched a series of initiatives to jump-start lower housing costs. The authorities have invested in a higher capital compared to FY17.

GLOBAL CARBON BLACK MARKET FORECAST 2019-2027

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Inkwood Research estimates that the global market for carbon black will grow, recording an anticipated CAGR of 3.60% during the forecast period, and will reach revenue of $16712.3 million by 2027. The base year considered for the market study is 2018, while the forecasted period is between 2019 & 2027.

The global carbon black market is driven by:

  • High adoption of carbon black in the construction industry
  • Increase in tire production
  • Growing demand for plastics

The growing adoption of carbon black in the construction industry is considered as a major driver fueling market growth. The increase in population, coupled with rising disposable income, has resulted in high demands in the construction sector. For Instance, In Hong Kong, housing establishments have launched a series of initiatives to jump-start lower housing costs. The authorities have invested in a higher capital compared to FY17. Furthermore, the cumulative young population, coupled with their growing disposable income, has eased the expansion in the housing segment, thereby, boosting the use of paints and coatings in the construction sector, in the forecast period. The emerging countries of Asia Pacific, like China and India, witnessed an increase in tire production. This increase in production is attributable to the growing transportation industry in these economies. The factors, such as low-cost land for production facilities and easy availability of skilled labor, have had a positive impact on the growth of the industry in the region.

Tire and Industrial rubber is the leading segment in terms of revenue in the global carbon black market, with around 76.35 % market share in 2018. The material is utilized as a strengthening agent in the tires of automotive vehicles. The steady demand for automotive production globally has further increased the demand for the market. Moreover, the advent of electric vehicles is further boosting the market growth. In coatings, the carbon is used as a light-absorbing additive to counteract chemical degradation reactions. Furthermore, Toner and Printer Ink segment is anticipated to grow at the highest CAGR of around 4.53% during the forecast period. The paracrystalline carbon also permits ink makers to decrease the capacity of photoinitiators, and decrease the costs of their UV ink while maintaining ink performance. The market is expected to grow at a moderate rate during the forecast period, with the growing demand for printing inks.

However, the growing concerns over the rising pollution are deterring the market growth in the forecast period. The manufacturing of carbon black, leads to the release of vast quantities of sulfur dioxide, nitrogen oxide, and other particulate matter. These gases have several contrary health effects, and they contribute to, haze, and smog, thereby impacting market growth. Furthermore, the growing demand for silica as a replacement for silica is restraining market growth. The application of silica significantly increases the viscosity of the compound. Therefore, using silica as a filler has always been favored, alongside using fluidity factors in order to improve processability and reinforcing properties.

Report scope of global carbon black market covers segmentation analysis of process type and application.

Market by Process Type:

  • Thermal Black
  • Gas Black
  • Lamp Black
  • Furnace Black

Market by Application:

  • Tire and Industrial Rubber Product
  • Textile Fiber
  • Toner and Printing Ink
  • Paints & Coatings
  • Plastic
  • Others

On the basis of geography, the global carbon black market has been segmented into four major regions:

  • North America: the United States and Canada
  • Europe: the United Kingdom, France, Germany, Spain, and the Rest of Europe
  • Asia Pacific: China, Japan, India, South Korea, and the Rest of Asia Pacific
  • Rest of World: Latin America, the Middle East, and Africa

Geographically, the Asia Pacific region is the largest, as well as the fastest-growing market with a CAGR of 4.13% in the forecast period. This region is witnessing a steady growth in the forecast period, owing to the presence of large demographics in the country. The region’s dynamics are highly influenced by key country-level markets such as China, India, Thailand, Indonesia, Malaysia, and Vietnam.   In contrast, China and India are considered to exhibit greater growth potential compared to Southeast Asian countries, due to their large demographics and resulting potential customer base. Moreover, the two countries are major automotive manufacturing hubs, which gives the carbon black manufacturers better opportunities to cater to respective applications, thereby fueling market growth. In China, the thriving construction, automotive, and industrial sectors are anticipated to propel the market of paints and coatings. This is expected to drive the demand and growth of carbon black, during the forecast period.

The major key players involved in the global carbon black market are:

  • OCI Company Ltd.
  • IMERYS SA
  • Himadri Chemicals Ltd.
  • Tokai Carbon Co. Ltd.
  • Others

Key strategies adopted by some of these companies:

In October 2018, Cabot Corporation declared that it had attained NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., which is a subdivision of Nippon Steel Chemical & Material Co., Ltd.

Key findings of the global carbon black market:

  • Asia Pacific carbon black market is anticipated to grow at the highest CAGR of 4.13% during the forecast period of 2019-2027.
  • The high demand for plastics is fueling the market growth in the forecast period.
  • Toner and Printer Ink segment accounts for the largest share in the market, and is projected to grow with a CAGR of 4.53 % during the projected period.
  • The swelling demand for UV Protection in plastics is driving market growth.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP-DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • ASIA PACIFIC DOMINATES THE OVERALL MARKET
      • GROWING DEMAND FOR UV CURE INKS
      • EMERGING USAGE OF FURNACE BLACK
  1. MARKET DYNAMICS
    • MARKET SCOPE & DEFINITION
    • MARKET DRIVERS
      • HIGH ADOPTION OF CARBON BLACK IN CONSTRUCTION INDUSTRY
      • INCREASE IN TIRE PRODUCTION
      • GROWING DEMAND FOR PLASTICS
    • MARKET RESTRAINTS
      • RISE IN ENVIRONMENTAL CONDITIONS REGARDING CARBON BLACK
    • MARKET OPPORTUNITIES
      • GROWING REQUIREMENT FOR UV PROTECTION IN PLASTICS
    • MARKET CHALLENGES
      • REPLACEMENT BY SILICA
  1. MARKET BY PROCESS TYPE
    • FURNACE BLACK
    • GAS BLACK
    • LAMP BLACK
    • THERMAL BLACK
  2. MARKET BY APPLICATION
    • TIRES AND INDUSTRIAL RUBBER
    • PLASTIC
    • TONER AND PRINTING INK
    • PAINTS & COATINGS
    • TEXTILE FIBER
    • OTHERS
  3. KEY ANALYTICS
    • PORTER’S FIVE FORCE MODEL
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • THREAT OF COMPETITIVE RIVALRY
    • KEY BUYING CRITERIA
      • COST
      • COMPANY BACKGROUND AND EXPERIENCE
      • EASE OF USE
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • OCI COMPANY LTD.
    • MITSUBISHI CHEMICAL HOLDINGS CORPORATION
    • IMERYS SA
    • HIMADRI CHEMICALS LTD.
    • TOKAI CARBON CORP LTD.
    • CABOT CORPORATION
    • ASAHI CARBON CORPORATION LTD.
    • BIRLA CARBON
    • ABU DHABI NATIONAL OIL COMPANY
    • JIANGXI BLACK CAT CARBON BLACK CO. LTD
    • NIGERIAN NATIONAL PETROLEUM CORPORATION
    • OMSK CARBON CORPORATION
    • ORION ENGINEERED CARBONS S.A.
    • PHILIPS CARBON BLACK LTD.
    • ATLAS ORGANIC PVT LTD.

LIST OF TABLES

TABLE 1: GLOBAL CARBON BLACK MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 2: GLOBAL CARBON BLACK MARKET, BY PROCESS TYPE, 2019-2027 (IN $ MILLION)

TABLE 3: GLOBAL CARBON BLACK MARKET, BY PROCESS TYPE, 2019-2027 (IN KILOTONS)

TABLE 4: GLOBAL FURNACE BLACK MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 5: GLOBAL GAS BLACK MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 6: GLOBAL LAMP BLACK MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 7: GLOBAL THERMAL BLACK MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 8: GLOBAL CARBON BLACK MARKET, BY APPLICATION, 2019-2027 (IN $ MILLION)

TABLE 9: GLOBAL CARBON BLACK MARKET, BY APPLICATION, 2019-2027 (IN KILOTONS)

TABLE 10: GLOBAL TIRES AND INDUSTRIAL RUBBER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 11: GLOBAL PLASTIC MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 12: GLOBAL TONER AND PRINTING INK MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 13: GLOBAL PAINTS & COATINGS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 14: GLOBAL TEXTILE FIBER MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 15: GLOBAL OTHERS MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 16: OPPORTUNITY MATRIX

TABLE 17: VENDOR LANDSCAPE

TABLE 18: GLOBAL CARBON BLACK MARKET, BY GEOGRAPHY, 2019-2027 (IN $ MILLION)

TABLE 19: GLOBAL CARBON BLACK MARKET, BY GEOGRAPHY, 2019-2027 (IN KILOTONS )

TABLE 20: NORTH AMERICA CARBON BLACK MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 21: NORTH AMERICA CARBON BLACK MARKET, BY COUNTRY, 2019-2027 (IN KILOTONS)

TABLE 22: EUROPE CARBON BLACK MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 23: EUROPE CARBON BLACK MARKET, BY COUNTRY, 2019-2027 (IN KILOTONS)

TABLE 24: ASIA PACIFIC CARBON BLACK MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 25: ASIA PACIFIC CARBON BLACK MARKET, BY COUNTRY, 2019-2027 (IN KILOTONS)

TABLE 26: REST OF WORLD CARBON BLACK MARKET, BY REGION, 2019-2027 (IN $ MILLION)

TABLE 27: REST OF WORLD CARBON BLACK MARKET, BY REGION, 2019-2027 (IN KILOTONS)

LIST OF FIGURES

FIGURE 1: GLOBAL CARBON BLACK MARKET, BY PROCESS TYPE, 2018 & 2027 (IN %)

FIGURE 2: GLOBAL CARBON BLACK MARKET, BY FURNACE BLACK, 2019-2027 (IN $ MILLION)

FIGURE 3: GLOBAL CARBON BLACK MARKET, BY GAS BLACK, 2019-2027 (IN $ MILLION)

FIGURE 4: GLOBAL CARBON BLACK MARKET, BY LAMP BLACK, 2019-2027 (IN $ MILLION)

FIGURE 5: GLOBAL CARBON BLACK MARKET, BY THERMAL BLACK, 2019-2027 (IN $ MILLION)

FIGURE 6: GLOBAL CARBON BLACK MARKET, BY TIRES AND INDUSTRIAL RUBBER, 2019-2027 (IN $ MILLION)

FIGURE 7: GLOBAL CARBON BLACK MARKET, BY PLASTIC, 2019-2027 (IN $ MILLION)

FIGURE 8: GLOBAL CARBON BLACK MARKET, BY TONER AND PRINTING INK, 2019-2027 (IN $ MILLION)

FIGURE 9: GLOBAL CARBON BLACK MARKET, BY PAINTS & COATINGS, 2019-2027 (IN $ MILLION)

FIGURE 10: GLOBAL CARBON BLACK MARKET, BY TEXTILE FIBER, 2019-2027 (IN $ MILLION)

FIGURE 11: GLOBAL CARBON BLACK MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 12: PORTER’S FIVE FORCE ANALYSIS

FIGURE 13: KEY BUYING IMPACT ANALYSIS

FIGURE 14: GLOBAL CARBON BLACK MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 15: UNITED STATES CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 16: CANADA CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 17: UNITED KINGDOM CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 18: GERMANY CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 19: FRANCE CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 20: SPAIN CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 21: ITALY CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 22: REST OF EUROPE CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 23: CHINA CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 24: JAPAN CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 25: INDIA CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 26: SOUTH KOREA CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 27: REST OF ASIA PACIFIC CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 28: LATIN AMERICA CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

FIGURE 29: MIDDLE EAST & AFRICA CARBON BLACK MARKET, 2019-2027 (IN $ MILLION)

  1. MARKET BY PROCESS TYPE
    • FURNACE BLACK
    • GAS BLACK
    • LAMP BLACK
    • THERMAL BLACK
  2. MARKET BY APPLICATION
    • TIRES AND INDUSTRIAL RUBBER
    • PLASTIC
    • TONER AND PRINTING INK
    • PAINTS & COATINGS
    • TEXTILE FIBER
    • OTHERS
  3. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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