Carbon Black Market Size, Share, Growth and Analysis|Report 2026
The global carbon black market is forecasted to grow at a stable CAGR around 3.82% during the forecast period 2018 to 2026.
(EMAILWIRE.COM, October 16, 2019 ) Carbon Black Market worth around US $18.99 Billion by 2026
The global carbon black market is forecasted to grow at a stable CAGR around 3.82% during the forecast period 2018 to 2026.
The growing automotive industry, especially in Asia-Pacific and Middle East, will boost the Carbon Black Market in the future. The automotive industry is one of the major contributors to global economy. Owing to vast size the industry has major impact on various industries, both upstream and downstream. The automobile industry has been witnessing establishment of new manufacturing facilities, especially in China, South America, and Central Europe, as major manufacturers seek new destinations to set up plants and take advantage of local operations.
Moreover, the Middle East automotive sector is going to an upsurge during the forecast period, and sales of new cars are experiencing double-digit growth. Saudi Arabia, UAE, and Dubai are the major contributors to this growth. Saudi Arabia is one of the largest in the Middle East region. The continuous increase in the demand for automotive along with the shorter tire replacement cycle will drive the market tire industry in the country.
Moreover, passenger car tire segment dominates the tire market in the country, followed by commercial vehicle tire segment.
On the other hand, the number of cars in Dubai has been increasing at faster pace in recent times. The country has one car for every 1.84 residents with an average vehicle occupancy of 1.7 per car. Dubai has the highest rate of car ownership than any other city in the world. Thus, the moving automotive industry ultimately resulted in increasing globalization of carbon black producers.
Stringent environmental regulations are a major restraint of the global carbon black market. Several hazardous gases, including carbon monoxide, are released during the production of carbon black. Carbon black, being predominantly a derivative of carbon, exhibits a high carbon footprint. Environmental and health hazards associated with carbon black have led to an increase in the number of stringent government regulations to control the production of carbon black. Thus, environmental and health hazards associated with carbon black are some of the major restraints for the carbon black market.
The Carbon Black Production area source category includes any facility that produces carbon black by the furnace black process, thermal black process, or the acetylene decomposition process, but at an emissions rate of 10 tons per year for one hazardous air pollutant (HAP), or 25 tons per year of combined HAPs. Recently, the United States Environmental Protection Agency has set forth new regulations that mandate greenhouse gas reporting in the U.S. carbon black industry. These regulations were the impetus for the development of a new ASTM International standard, ASTM D7633, Test Method for Carbon Black Carbon Content.
>View Full Report Summary<
Asia-Pacific to Grow at the Highest Rate in Carbon Black Market
Global carbon black market is classified based on geography such as North America, South America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific holds largest share with 55% of total market followed by Europe and North America with 19% and 16% respectively. Moreover, Asia-Pacific is the fastest-growing due to growing tire investments in countries such as India and China. However, Europe and North America's carbon black market is growing at slower rate due to stringent environmental regulations.
On the other hand, consumption of carbon black growing at faster pace in the middle east region owing to increasing automotive fleet. High GDP growth rate and increasing disposable income in emerging economies of India and China are projected to drive the demand for carbon blacks in tire rubber applications in Asia Pacific. Higher demand for synthetic fibers in South America and the Middle East is estimated to drive demand for carbon blacks. Liberalized land policies, government subsidies for mechanization, the inadequacy of farm labor, multiple applications of utility tractors have all contributed to the growth in Asia Pacific region.
>Download Free Sample Report<
Market Players
The global carbon black market is a moderately consolidated market with five companies occupying majority of the market share in 2017. Globally, over 60% of the carbon black market is attributed to top ten players.
These recognized players include Cabot Corporation, Birla Carbon, Orion Engineered Carbons. Cabot carbon is the market leader with 14% of the market share. Other players include Black Cat, China Synthetic Rubber Corporation, Phillips Carbon Black Limited, OMSK Carbon, Tokai Carbon Co., Ltd., Longxing Chemical, SID Richardson Carbon &, and Energy Co
>Enquiry about this report<
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
The global carbon black market is forecasted to grow at a stable CAGR around 3.82% during the forecast period 2018 to 2026.
The growing automotive industry, especially in Asia-Pacific and Middle East, will boost the Carbon Black Market in the future. The automotive industry is one of the major contributors to global economy. Owing to vast size the industry has major impact on various industries, both upstream and downstream. The automobile industry has been witnessing establishment of new manufacturing facilities, especially in China, South America, and Central Europe, as major manufacturers seek new destinations to set up plants and take advantage of local operations.
Moreover, the Middle East automotive sector is going to an upsurge during the forecast period, and sales of new cars are experiencing double-digit growth. Saudi Arabia, UAE, and Dubai are the major contributors to this growth. Saudi Arabia is one of the largest in the Middle East region. The continuous increase in the demand for automotive along with the shorter tire replacement cycle will drive the market tire industry in the country.
Moreover, passenger car tire segment dominates the tire market in the country, followed by commercial vehicle tire segment.
On the other hand, the number of cars in Dubai has been increasing at faster pace in recent times. The country has one car for every 1.84 residents with an average vehicle occupancy of 1.7 per car. Dubai has the highest rate of car ownership than any other city in the world. Thus, the moving automotive industry ultimately resulted in increasing globalization of carbon black producers.
Stringent environmental regulations are a major restraint of the global carbon black market. Several hazardous gases, including carbon monoxide, are released during the production of carbon black. Carbon black, being predominantly a derivative of carbon, exhibits a high carbon footprint. Environmental and health hazards associated with carbon black have led to an increase in the number of stringent government regulations to control the production of carbon black. Thus, environmental and health hazards associated with carbon black are some of the major restraints for the carbon black market.
The Carbon Black Production area source category includes any facility that produces carbon black by the furnace black process, thermal black process, or the acetylene decomposition process, but at an emissions rate of 10 tons per year for one hazardous air pollutant (HAP), or 25 tons per year of combined HAPs. Recently, the United States Environmental Protection Agency has set forth new regulations that mandate greenhouse gas reporting in the U.S. carbon black industry. These regulations were the impetus for the development of a new ASTM International standard, ASTM D7633, Test Method for Carbon Black Carbon Content.
>View Full Report Summary<
Asia-Pacific to Grow at the Highest Rate in Carbon Black Market
Global carbon black market is classified based on geography such as North America, South America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific holds largest share with 55% of total market followed by Europe and North America with 19% and 16% respectively. Moreover, Asia-Pacific is the fastest-growing due to growing tire investments in countries such as India and China. However, Europe and North America's carbon black market is growing at slower rate due to stringent environmental regulations.
On the other hand, consumption of carbon black growing at faster pace in the middle east region owing to increasing automotive fleet. High GDP growth rate and increasing disposable income in emerging economies of India and China are projected to drive the demand for carbon blacks in tire rubber applications in Asia Pacific. Higher demand for synthetic fibers in South America and the Middle East is estimated to drive demand for carbon blacks. Liberalized land policies, government subsidies for mechanization, the inadequacy of farm labor, multiple applications of utility tractors have all contributed to the growth in Asia Pacific region.
>Download Free Sample Report<
Market Players
The global carbon black market is a moderately consolidated market with five companies occupying majority of the market share in 2017. Globally, over 60% of the carbon black market is attributed to top ten players.
These recognized players include Cabot Corporation, Birla Carbon, Orion Engineered Carbons. Cabot carbon is the market leader with 14% of the market share. Other players include Black Cat, China Synthetic Rubber Corporation, Phillips Carbon Black Limited, OMSK Carbon, Tokai Carbon Co., Ltd., Longxing Chemical, SID Richardson Carbon &, and Energy Co
>Enquiry about this report<
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results