Carbon black is a highly versatile and essential material that has seen significant recent developments in various industries. It is a fine black powder consisting of nearly pure carbon, primarily produced by incomplete combustion of hydrocarbons. Carbon black’s exceptional properties, including its ability to reinforce rubber and plastic materials, enhance their durability, and improve electrical conductivity, make it a vital component in countless applications, from automotive tires to industrial coatings and inks.
The carbon black market accounted for US$ 24.7 billion in 2019 and is projected to register a moderate CAGR of 4.7% over the forecast period.
Recent Development:
Recent advancements in carbon black production have focused on improving sustainability and reducing environmental impacts. Innovations in cleaner and more efficient manufacturing processes, as well as the development of alternative feedstocks such as biomass, aim to reduce carbon emissions associated with its production. Additionally, carbon black is gaining prominence in emerging fields such as energy storage and advanced materials, where its unique properties are being harnessed to create innovative solutions for a wide range of challenges. These developments underscore carbon black’s enduring significance and its ever-expanding role in modern industries.
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Key Market Insights from the report:
- By type, the global carbon blackmarket is segmented into furnace black, channel black, thermal black, and acetylene black.
- By application, the global carbon blackmarket is bifurcated into tire, plastic, non-tire rubber, inks and coating, and others. Others application sub-segment is divided into graphite manufacturing, lithium-ion batteries, construction industry, and metallurgy.
- By region, Asia Pacific carbon black market accounted for major revenue share of the global metamaterialmarket and is further anticipated to maintain its dominance over the forecast period, owing to increasing production and consumption of carbon black especially in the China. The market in North America is expected to account for second-highest revenue share in 2019.
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The prominent player operating in the global carbon black market includes:
Cabot Corporation, Orion Engineered Carbons, S.A., Birla Carbon U.S.A., Inc., Continental Carbon Company, Inc., Tokai Carbon Co. Ltd., Philips Carbon Black Ltd, Pyrolyx AG, Nippon Steel & Sumikin Chemical Co., Ltd., Shandon Huadong Rubber Materials Co., Ltd., Black Bear Carbon BV, Mitsubishi Chemical Corporation, Imerys Graphite & Carbon Switzerland SA, Omsk Carbon Group OOO, Longxing Chemical Stock Co., Ltd., and Ashahi Carbon Co., Ltd.
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