Specialty Carbon Black Market is Expected to Show a Significant Growth During the Forecast Period 2021 – 2027

Posted on 2022-01-24 by researchinsights in Chemicals // 0 Comments

San Jose, California , USA, Jan 24, 2022 — /EPR Network/ —

The Specialty Carbon Black Market report provides a detailed evaluation of the industry by highlighting information on different aspects which include drivers, restraints, growth opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing. It also provides a detailed analysis of global market size, regional and country-level market size, competitive landscape, impact of domestic market players and value chain optimization. Furthermore, it sheds light on the market contribution, recent developments and successful marketing strategies of leading companies.

Market Insights

The global specialty carbon black market size is projected to touch USD 4.0 billion by 2027, as per a new report by Million Insights. The market is projected to register 8.9% CAGR over the forecast duration. Increasing use of the product in agriculture mulch film, refuse sacks, industrial bags and photographic containers are driving the market growth. In lithium-ion batteries, graphite powder and specialty carbon black are used in order to improve the electrical conductivity.

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It displays excellent properties such as stability at higher voltage, improved adhesion and less solvent. Owing to this, specialty black powder is increasingly used in applications such as grid storage, E-bike, mild hybrid vehicle, hybrid vehicles and telecom industries. In addition, it provides electrical antistatic and conductivity features to plastic materials.

The product is formulated in five categories such as lampblack, acetylene black, furnace black, thermal black and channel process. In these processes, different raw materials such as acetylene gas, coal gas, petroleum gas and natural gas are used. Fluctuation in crude oil prices because of the supply-demand gap, political imbalance and seasonal variations are driving the use of alternate fuel.

List of Key Players of Specialty Carbon Black Market

Cabot Corp.
Birla Carbon
Tokai Carbon Co. Ltd.
Continental Carbon Company
Omsk Carbon Group

Further key findings from the report suggest:

Depending on the grade, conductive carbon black segment is projected to register the highest CAGR over the forecast duration.
This growth is fueled by the growing use of conductive carbon black in the manufacturing of plastic compounds.
The Asia Pacific is anticipated to register the highest growth of 6.4% from 2020 to 2027.

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In 2019, Asia Pacific held the largest share in the specialty carbon black market and accounted for more than 46.0% by volume. Further, the region is projected to register the maximum growth over the forecast duration owing to the increasing adoption of sustainable and recyclable products. Asian countries like India, China, Thailand, and Vietnam are anticipated to register the increased demand for the product over the next few years.

The growth of the automotive sector has positively affected the diverse sectors both upstream and downstream. Countries such as India, Southeast Asian countries, and China are witnessing the rise in the establishment of new automotive plants, which in turn, is projected to fuel market growth.

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