Standard Grade Carbon Black Is Projected To Grow Substantially At A CAGR of Around 6% Over 2031

Owing to rapid growth of carbon black as a useful chemical, the global market is projected to grow substantially at a CAGR of around 6% over the decade, and top a valuation of US$ 30 Bn.

The latest study done by Fact.MR, a market research and competitive intelligence provider, estimates the carbon black market to contribute significantly towards global chemical industry GVA. This is mainly attributed to the usage of the material in a wide range of applications such as printing inks, packaging, plastics, and paints and coatings.

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Competition landscape

In order to expand their market share, key players have opted for both, organic and in-organic growth strategies such as acquisitions, collaborations, and partnerships. These have been identified as positive strategies that have helped them garner market share over the past half-decade.

Fact.MR has provided detailed information about price points of carbon black from manufacturers positioned across regions, sales growth, production capacity, and speculative production expansion, in the recently published report.

  • Orion Engineered Carbons in July 2021 announced partnership with HiQ-CARB to provide lithium ion batteries, equipped with high performance carbon additives.
  • Cabot Corporation in April 2020 announced completion of acquisition for Shenzen Sanshun New Materials Co. Ltd. This would help company strengthen its market position in China.
  • Focusing on development of renewable carbon black Orion Engineered Carbons in July 2021 partnered with RISE, Sweden. This approach would help company focus on sustainable development of products thus placing it at the centre stage of innovation.

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Key Companies Profiled :

  • CABOT
  • Mitsubishi Chemical Corporation
  • Orion Engineered Carbons S.A.
  • Phillips Carbon Black Limited
  • Tokai Carbon Co., Ltd.
  • Birla Carbon Public Co. Ltd.
  • Continental Carbon Company
  • Himadri Chemicals & Industries Ltd.
  • JSC
  • Asahi Carbon Co. Ltd.

Key Segments

  • By Grade
    • Standard Grade
    • Specialty Grade
  • By Production Method
    • Furnace Black
    • Thermal Black
    • Others
  • By Application
    • Printing Inks
    • Paints & Coatings
    • Packaging
    • Batteries
    • Plastics
    • Tires
    • Others
  • By Region
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia
    • Oceania
    • Middle East Africa

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Questionnaire answered in the Carbon Black Market report include:

  • How the market for Carbon Black has grown?
  • What is the present and future outlook of the global Carbon Black on the basis of region?
  • What are the challenges and opportunities for the Carbon Black?
  • Why the consumption of Carbon Black highest in region?
  • In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

  • Fact.MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Carbon Black market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.
  • Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Carbon Black market, thus, making it different and special from other reports.
  • Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.
  • Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Carbon Black market and assists to create strategies to overcome the obstacles that may hinder the growth of the Carbon Black market.
  • Leverage: The Carbon Black market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.
  • Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.
  • Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Carbon Black market.

For More Insights of Fact.MR Trending Report:-

https://www.prnewswire.com/news-releases/biosolids-continue-to-replace-chemical-fertilizer-demand-to-surpass-us-2-4-billion-by-2031–301402235.html

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