Current Business Affairs Global Carbon Black Market 2018

Global Carbon Black Market Trends, Analysis, and Forecast To 2025
Carbon black can be defined as refined high-end chemical that is produced by burning of hydrocarbons in partial air
supply. Specialty carbon black is the purest form of carbon black possessing lower level of sulfur, ash, and metals in
combination with other impurities. The four processes that can be used to produce specialty carbon black include
acetylene black, thermal black, furnace black, and lampblack. Specialty carbon black forms a component of carbon black.
Furnace black is the most commonly used type of manufacturing process that helps in the mass production with various
particle sizes as well as structures. Also, furnace black can be utilized for different applications such as coloring and
rubber reinforcement.
The global carbon black market is segmented on the basis of type, application, grade and regions. Based on the type, the
global carbon black market is divided into furnace black, channel black, thermal black, acetylene black. By application,
the global carbon black market is divided into tire, non-tire rubber, inks & coating, and plastic. On the basis of grade, the
global carbon black market is segmented into standard and specialty grade.
The carbon black market is analyzed to grow in the forecast years owing to the increased demand for carbon black from
tire as well as industrial rubber compound. Due to the shift from commodity to specialized grade carbon black, rising
usage of carbon black as pigment in lightweight auto parts to improve conductivity as well as UV protection properties,
and rise in the merger and acquisition activities for consolidation of the market, there will be growth in this market
during the forecast period. Also, the constantly increasing passenger cars fleet size and light commercial vehicles will
fuel this market growth.
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Based on regions, the global carbon black market is segmented into North America, Europe, Asia Pacific, Middle East &
Africa (MEA), and Latin America. The Asia-Pacific region is expected to command the maximum market share for carbon
black during the forecast period. Owing to large production of vehicle and shifting of tire companies in low-cost
countries, such as India and China. The regional markets such as Asia-Pacific and Rest of the World are set to witness an
increased growth during the future years owing to a splurge in automotive demand and rising investment in tire
production facilities in low-cost countries. Also, majority of the carbon black’s manufacturing units located in North
America, Europe are being compelled to shut down their operations owing to the intense competition being faced from
low cost Asian manufacturers. This has led to the shift of carbon black’s manufacturing units towards Asia, thereby
propelling the growth of manufacturing capacities in countries such as China and India.