Carbon Black Market Trends, Cost Structure Analysis, Growth Opportunities And Forecast To 2023

A major driver in the carbon black market is growth in the automotive industry. The outstanding growth in chemical and automobile industry and naturally available essential resources is actively driving the global carbon black market.

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Globally, the largest sales market for carbon black is the automotive industry. Carbon black is produced by partial combustion of heavy petroleum products like coal tar, FCC tar and ethylene cracking tar. It is a black colored powder in its physical state. It has variants such as thermal black, acetylene black, channel black, furnace black and lampblack.

Most of the carbon black consumption is associated with production of tires of all types. Other industrial sectors including paints, plastics, printing inks and varnishes also use carbon black to deploy black color to their products

The global carbon black market can be segmented broadly into four regions namely North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific leads the market share in the global carbon black market and also has manufacturers producing carbon black at cheapest price.

The global carbon black market can be categorized on the basis of application into Rubber applications and other applications. The market can also be categorized on the basis of end user into tire industry, rubber goods industry and other non-rubber goods industry.

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Some of the major industry players include Phillips Carbon Black Limited, Cabot Corporation, Aditya Birla Group, Omsktechuglerod OOO, OCI Company Ltd., China Synthetic Rubber Corporation (CSRC), Orion Engineered Carbons GmbH, Sid Richardson Carbon Co., Shandong Huadong Rubber Materials Co., Ltd.