Specialty Carbon Black Market Status, Key Vendors Analysis and Regional Outlook 2022-2030

Posted on 2023-01-25 by researchinsights in Chemicals // 0 Comments

San Francisco, California , USA, Jan 25, 2023 — /EPR Network/ —

Specialty Carbon Black Industry Overview

The global specialty carbon black market size was valued at USD 2.29 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 10.0% in terms of revenue from 2022 to 2030.

This is attributed to the increasing demand for the product as reinforcing agents, specifically in tires. Additionally, the growing use of the product in agriculture mulch film, refuse sacks, stretch wrap, and industrial bags are estimated to contribute to the market growth.

Specialty grades such as conductive, fiber, and food cater to end-use industries, such as battery electrodes, conductive polymers, PP masterbatches, paints & coatings, specialty packaging, consumer molded parts, printing inks, polyester fiber, and film & sheets. They have excellent conductivity characteristics, are UV-protective, contain metals, and are low in sulfur and ash. Additionally, specialty carbon blacks are used in a variety of coating applications, including automotive, wood, aerospace, industrial coatings, and marine, to offer UV protection, conductivity, and coloring.

Gather more insights about the market drivers, restrains and growth of the Global Specialty Carbon Black Market

Hoses, bushings, fascia, chassis bumpers, tires, conveyor wheels, grommets, gaskets, vehicles, containers, wiper blades, and others are the goods that utilize specialty carbon black as a reinforcing agent. One of the most important properties of specialty carbon black is its capacity to absorb UV light and convert it to heat, making plastics more UV resistant. Plastics ranging from highly conductive to insulation materials benefit from their antistatic and conductive qualities.

Majorly, carbon black is in the form of black colloidal particles, which are produced via the acetylene black process, lamp black process, and furnace black process, among others. The raw material used for these processes differs between petroleum, coal oil, natural gas, and acetylene gas. Furthermore, the product dynamics are heavily dependent on applications, such as non-tire rubber, electrostatic discharge, packaging, paints & coatings, and printing inks consumption, along with regulations formulated for manufacturing technologies and raw materials used. It provides enhanced viscosity, conductivity, UV protection, and sharp color.

The carbon black manufacturing process emits a large amount of toxic GHG, which is not suitable for the environment and health. Companies are investing in R&D activities to develop their manufacturing processes, which will reduce gas emissions within the permissible limit and improves the quality of their product. Additionally, since carbon black is manufactured by partial combustion of fuels directly affecting the environment and human health, it has come under strict regulations from these agencies. Carbon black, in February 2003, was added to the California Office of Environmental Health Hazard Assessment (OEHHA) list of substances known to the State that cause cancer.

The pandemic of COVID-19 has hit every major sector. Major economies of the world had to impose lockdowns and restrictions to stop the spread of the virus. This adversely impacted all major economies. All industries and manufacturing units were closed, affecting the supply chain. Key countries, including India, Germany, China, and the U.K., witnessed an unfavorable effect on the demand for the product. However, the gradual opening up of various industries led to stable growth of the demand in the worldwide market.

Browse through Grand View Research’s Plastics, Polymers & Resins Industry Research Reports.

Cellulose Bioplastic Market – The global cellulose bioplastic market size was valued at USD 327.6 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 19.5% from 2022 to 2030.
Phenolic Resins Market – The global phenolic resins market size was estimated to be USD 12.94 billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 5.5% from 2022 to 2030.

Specialty Carbon Black Market Segmentation

Grand View Research has segmented the market report on the grade, and region:

Specialty Carbon Black Grade Outlook (Volume, Thousand Tons; Revenue, USD Million; 2018 – 2030)
- Conductive Carbon Black
- Fiber Carbon Black
- Food Contact Carbon Black
- Other Carbon Black
Specialty Carbon Black Regional Outlook (Volume, Thousand Tons; Revenue, USD Million, 2018 – 2030)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)

Key Companies profiled:

Some prominent players in the global Specialty Carbon Black market include

Omsk Carbon Group
Tokai Carbon Co., Ltd.
Atlas Organics Private Limited
Continental Carbon Company
Birla Carbon
Cabot Corporation
International China Oak Investment Holdings Co., Ltd.
Himadri Speciality Chemical Ltd
Philips Carbon Black Limited
Orion Engineered Carbons GmbH
Ralson

Order a free sample PDF of the Specialty Carbon Black Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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