A comprehensive overview of the global carbon black market is recently added by UnivDatos Market Insights to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the carbon black markets globally. This report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the global carbon black market at regional and country levels. The Global Carbon Black Market is likely to showcase a growth of around 5% during the forecast period.

Market Overview

Carbon black is pure elemental carbon in the form of colloidal particles which is produced by incomplete combustion and thermal decomposition of gaseous or liquid hydrocarbons under regulated conditions. Its physical appearance is black, finely divided pellet or powder. Carbon black is used in various groups of materials in order to increase their physical, electrical, and optical properties. It is widely used as a reinforcement and performance enhancer additive in rubber products. Further, in rubber compounding, natural and synthetic elastomers are blended with carbon black, elemental sulfur, processing oils, and various organic processing chemicals, and then heated to produce a wide range of vulcanized rubber products and also carbon black provides reinforcement and improves resilience, tear-strength, conductivity, and other physical properties. Due to these aforementioned factors, carbon black is utilized as a cost-effective rubber reinforcing agent in tire components such as treads, sidewalls, and inner liners, in mechanical rubber goods, including industrial rubber goods, membrane roofing, automotive rubber parts such as sealing systems, hoses, and anti-vibration part, and in general rubber goods such as hoses, belts, gaskets, and seals.

The global carbon black market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By grade, the market is primarily divided into:

·        Specialty Grade

·        Conductive Grade

·        Others

Among these, the specialty grade held a significant position in the carbon black market. As, specialty carbon black is high-quality refined carbon black that is manufactured from furnace black, channel black, and acetylene black, among others. Further, for manufacturing specialty carbon black, hydrocarbon is burned in limited air supply. Also, an increase in the use of specialty carbon blacks in pigmenting, UV stabilizing, and conductive agents would drive the growth of the market.

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By application, the market is primarily divided into:

·        Rubber Reinforcement

·        Paints & Coatings

·        Plastics

·        Battery Electrodes

·        Inks & Toners

·        Others

Among these, rubber reinforcement held a prominent share in the global carbon black market. Reinforced rubber products combine a rubber matrix and carbon black as a reinforcing material so that they can achieve high strength to flexibility ratios, higher resistance to mechanical damage, improved traction, and better stability against additional motion-induced loads. Due to this, reinforcement rubber is widely used in the tire industry as it is better suited to meet the increasingly stringent specifications of high-performance tires. Further, in the automotive industry, rubber reinforcement founds application in belts, hoses, and gaskets. Therefore, growth in the tire industry and replacement of automotive components are some of the key factors for its considerable position in the market.

Global Carbon Black Market Geographical Segmentation Includes:

·        North America (United States, Canada, Rest of North America)

·        Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

·        Asia-Pacific (China, Japan, India, Australia, Rest of APAC)

·        Rest of the World

Asia-Pacific held a prominent share in the carbon black market owing to a large number of synthetic rubber manufacturers in the regional economies to suffice the growing demand for rubber in its vast and growing manufacturing industries. The regional economies are among the largest producer of manufactured goods where synthetic rubber as a raw material plays a pivoted role. The region is the largest producer of automobiles across the globe with countries like China, Japan, South Korea, and India being among the top automobile producers, globally. Further, regional tire companies like Bridgestone, Sumitomo, Yokohama, Kumho, Hankook, Apollo, and MRF are among the largest tire producers. Further, the region is the largest footwear producer and consumer, with a global production share of around 88% in 2020. Countries like China, Vietnam, Indonesia, and India are among the largest exporter of footwear, with an export market share of around 61.1%, 10.2%, 3.0%, and 1.9% respectively. Further, increasing the adoption of EVs owing to government-supported policies and improving EV infrastructure in the regional countries is further propelling the carbon black market.

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