Carbon Black Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the carbon black market and it is expected to grow by $ 3.11 billion, accelerating at a CAGR of almost 4.45% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.

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Carbon Black Market: Key Trends to impact market growth

Growth by the tires segment will be significant during the forecast period. Carbon black is extensively used in the manufacture of tires and helps enhance their performance properties. APAC has been exhibiting a significant growth rate for carbon black market vendors. Factors such as the thriving automotive, packaging, and pharmaceutical industries are accelerating the carbon black market growth in APAC. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Carbon Black Market: Top Drivers to Boost Demand

Increasing use of carbon black in end-use industries is one of the primary factors driving the growth of the carbon black market. It is used as a reinforcing and pigment agent while leading to a reduction of thermal damage and increasing the life of tires. The rising demand for rubber tires in the automotive industry will drive the carbon black market during the forecast period. Rubber seals reinforced with carbon black are increasingly being used in fittings, shafts, and hoses to prevent leakages in the automotive air-conditioning systems. Also, carbon black is also finding significant use in the medical and pharmaceutical industries as injection vials and blood collection tubes. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business on the right track.

Vendor Analysis: Aditya Birla Management Corp. Pvt. Ltd., ASAHI CARBON Co. Ltd. and Cabot Corp. are key growth contributors

The market is concentrated. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Aditya Birla Management Corp. Pvt. Ltd., ASAHI CARBON Co. Ltd., Cabot Corp., Himadri Speciality Chemical Ltd., Mitsubishi Chemical Holdings Corp., OCI Company Ltd., Omsk Carbon Group, Orion Engineered Carbons SA, Phillips Carbon Black Ltd., and Tokai Carbon Co. Ltd. are some of the major market participants.

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Carbon Black Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive carbon black market growth during the next five years
• Precise estimation of the carbon black market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the carbon black market industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of carbon black market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of 4.45%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 3.11 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Increasing use of carbon black in end-use industries will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   49% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Aditya Birla Management Corp. Pvt. Ltd., ASAHI CARBON Co. Ltd., Cabot Corp., Himadri Speciality Chemical Ltd., Mitsubishi Chemical Holdings Corp., OCI Company Ltd., Omsk Carbon Group, Orion Engineered Carbons SA, Phillips Carbon Black Ltd., and Tokai Carbon Co. Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by Application (Tires, Non-tires rubber, and Non-rubber) and Geography (APAC, Europe, North America, South America, and MEA)