the specialty carbon black market was planned to record a 6% CAGR during the forecast period (2021-2027). Specialty Carbon Black is the highest and purest form/grade of carbon black and has a low presence of sulfur, ash and metals. The hydrocarbon is burned to make high-end refined chemicals such as specialty carbon black with limited air input. Specialty carbon black is widely used for various applications such as UV stabilization, conductive agents and pigmentation in the various specialty products. Plastics have seen a major application area for specialty carbon black over the past decade; However, the increasing use of battery technology is gaining momentum and is expected to experience lucrative growth in the coming years. In recent years, the world has seen Asia-Pacific as one of the major consumers in the global specialty carbon black market. It is expected to dominate in the years to come.
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Global Specialty Carbon Black Market Dynamics
The demand for specialty carbon black for conductive packaging, films and sheets, fibers, moldings, pipes and semiconductor cables has been gaining momentum in recent years. The introduction of smart materials such as conductive specialty carbon black in the building and construction business is expected to create lucrative growth for specialty carbon black in the years to come.
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Specialty carbon black is used in industrial and automotive applications for paint and coatings to provide UV protection, conductivity and pigmentation to end products which acts as a reinforcing agent. The positive outlook for the automotive and industrial businesses is expected to drive demand for specialty carbon black. In recent years, consumer buying behavior has shifted towards corrosion resistance, flexibility, high durability and low maintenance of the product, especially in automotive and consumer electronics. In the age of perfection and quality, specialty carbon black acts as a catalyst to improve product quality to the desired level. According to consumer preferences, the growing concern towards product development is expected to support the growth of the specialty carbon black market.
During the COVID 19 pandemic, the global specialty carbon black market experienced a significant supply-demand gap, resulting in lower overall sales. End-use industries are going through huge setbacks that are affecting the demand for specialty carbon black.
The study categorizes the specialty carbon black market on the basis of type, application and end-use industry regionally and globally..
By Outlook type (Sales/Revenue, USD million, 2017–2027)
- form of granules
- powder form
From End User Perspectives (Sales/Revenue, USD million, 2017–2027)
- Printing and packaging
- Automotive and transportation
- Consumer electronics
- Building construction
By Outlook app (Sales/Revenues, 2017–2027, million dollars)
- UV protection
Outlook by region (Sales/Revenue, USD million, 2017–2027)
- North America (United States, Canada, Mexico)
- South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, Rest of Europe)
- Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, Rest of Asia Pacific)
- The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, Rest of MEA)
Regional monitoring of the specialized carbon black market
The global specialty carbon black market has been segmented into five geographical regions: North America, Asia-Pacific, South America, Europe, Middle East & Africa. In 2019, Asia-Pacific was estimated to hold a dominant position in the global market in which China is the top consumer among others, followed by India and ASEAN countries. The emerging positive march of the automotive, packaging and consumer electronics industry in the Asia-Pacific region is fueling the demand for specialty carbon black. It is estimated that developing countries such as Indonesia, India and China will experience promising growth in the coming years due to government initiatives to boost industrial activities. North America, followed by Europe, is expected to hold a considerable share and is expected to experience a moderate growth rate in the future.
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Specialty Carbon Black Market Competitive Landscape
Major specialty carbon black manufacturers in the market include Cabot Corporation, Continental Carbon Company, Aditya Birla Management Corporation Pvt. Ltd., Orion Engineered Carbons GmbH and Tokai Carbon Co., Ltd.
Other leading companies in the specialty carbon black market are Continental Carbon Company, Omsk Carbon Group, Zaozhuang Xinyuan Chemical Industry Co. Ltd., Asia Carbon Industries Inc., Sid Richardson Carbon & Energy Co. and Philips Carbon Black. Most manufacturers are focusing on strengthening the distributor network, which meets the growing demand for specialty carbon black. Although the demand for specialty carbon black is gaining momentum, compliance with strict regulations is a real threat for manufacturers.
The Specialty Carbon Black Market report provides an in-depth analysis of macroeconomic factors and market attractiveness of each segment. The report will include an in-depth qualitative and quantitative assessment of the industry/regional outlook with the presence of market players in the respective segment and region/country. The information concluded in the report includes contributions from industry participants and industry experts across the value chain.
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