Market Industry Reports (MIR) has published a new report titled “Carbon Black Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global carbon black market was valued at over US$ 14.0 Mn in 2018 and is anticipated to grow at a substantial CAGR during the forecast period of 2019-2030.
The latest study on the Carbon Black Market includes a detailed analysis of the future trends and demands for the forecast period, 2019 – 2030. The market intelligence report on the Carbon black industry encompasses an in-depth evaluation of different products, applications, end-users and their sales across different regions. A closer look at the important industry terms and definition, technology advancements and forces influencing the product and production capability further makes the report a valuable reference material.
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Volatility in the Prices of Raw Materials
Volatility in the prices of raw materials is the major factor hampering the market growth. Aromatics oil is used as a major feedstock’s in the production of carbon black which is a derivative of petrochemicals. Therefore, any fluctuation in the prices of raw material will directly impact the pricing of the final product. Owing to imbalance in supply and demand of crude oil the prices are fluctuating. This in turn is hampering the growth of the carbon black market.
Increasing Tire Production
Rise in production of tires is the major factor driving the market growth. The tire market is witnessing growth owing to growing automotive industry. Carbon black is use widely as reinforcement additive in tire manufacturing. It helps to enhance the tear-strength, resilience and conductivity and other physical properties of the product. Carbon black is use in tire components such as sidewalls, inner liners and treads. Worldwide, the automotive industry is recovering from the economic crisis. As the automotive industry is witnessing growth, the demand for tire is growing which in turn is driving the market for black carbon.
Technological advancement, production capacity enhancement, and joint agreements are the major strategies adopted by the players present in this market. Orion Engineered Carbon, Birla Carbon, Jiangxi Black Cat Carbon Black Co. Ltd, and Birla Carbon are the key players present in this market. Phillips Carbon Black Ltd, Evonik, China Synthetic Rubber Corporation and Nippon are other key players present in this market.
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Significant driving forces shaping the future of the Carbon black market for the forecast period 2019 – 2030 find a special mention in the study and are backed by a real-time statistics. Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry’s growth. In addition, bifurcation of the market on the basis of consumption volume, customer preference, end-user, and production capacity is explained through important resources including but not limited to charts, graphic images, and tables.
Key Points of Table Of Content
• RESEARCH METHODOLOGY
• ABSTRACT OF THE STUDY
• MARKET DYNAMICS ASSESMENT
• UNIQUE SELLING PROPOSITIONS (USPs)
• MARKET, BY THERAPY
• MARKET, BY TYPE
• MARKET, BY END USER
• MARKET – ANALYSIS & FORECAST, BY REGION
• COMPETETIVE LANDSCAPE
• COMPANY PROFILES
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