Summary
Asia Pacific Carbon Black Market-Segmented by Types , Application , and Geography-Trends and forecasts ( 2017-2022 )
Description
The Asia Pacific carbon black market is expected to surpass $ XX billion by 2020 growing at a CAGR of over X % during the forecast period . Carbon black is a deep black colored powder with reinforcing , tinting and conductive properties which are utilized across various sectors . Type industry is the largest customer of carbon black , wherein it is used to improve strength and longevity of automotive types by increasing tensile strength and abrasion resistance . However , Asia Pacific carbon black market is witnessing increased penetration of specialty carbon black which provides sharp colour and enhanced conductivity , viscosity and UV protection .
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In the Carbon Black market report , we have taken the following major application sectors into consideration : Tires and Industrial Rubber Products , Plastics , Toners and Printing Inks , Coatings , Textile Fibers , and others . According to the type of carbon black , the market has been segmented into Furnace black , Gas Black , Lamp black , and Thermal black .
This market is driven by a number of factors , such as the Rising demand from tyre industry , Growth in construction sector and huge demand from emerging countries . However , this market faces certain drawbacks , such as Volatility of raw material prices , Environmental concerns , and Substitution by Silica . These factors may act as a roadblock to the growth of the market .
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The market has also been geographically segmented into Asia Pacific region by countries such as China , India , Japan , South Korea , ASEAN Countries and Rest of Asia Pacific region . It represents the largest market for carbon black in the world , with a strong hold of XX % share , wherein majority of the demand emanates from emerging economies such as China and India , on account of expanding tyre manufacturing facilities and growth in construction sector . Asia-Pacific is anticipated to maintain its dominance in the market through 2020 , with tyre manufacturers shifting production base to developing countries in the region .
Some of the major companies dominating this market for its products , services , and continuous product developments Birla Carbon , Bridgestone Corporation , Cabot Corporation , China Synthetic Rubber Corporation , Columbian Chemicals Co ., Continental Carbon Company , Evonik Industries AG , Mitsubishi Chemical Holdings Corporation , Orion Engineered Carbons , Phillips Carbon Black Ltd ., Sid Richardson Carbon & Energy Co . and Tokai Carbon Co . Ltd . among others .
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