In terms of revenue, the global carbon black market is projected to expand at a CAGR of 4.4% from 2018 to 2026, according to a new research report titled ‘Carbon Black Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR). According to the report, in terms of volume, the global carbon black market is expected to reach 18,898.4 kilo tons by 2026. The market is driven by rise in the demand for carbon black from automotive and rubber industries. The carbon black market in Asia Pacific is estimated to expand at a CAGR of 5.1% during the forecast period, owing to presence of a large number of manufacturers of carbon black in the region. Among grades, the reinforced grade segment held a major share of the global carbon black market in 2017. However, the specialty grade segment is expected to expand significantly from 2017 to 2026. This trend is projected to continue throughout the forecast period.
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Usage of recovered carbon black (rCB) from waste tires offers key opportunities
Recovered carbon black (rCB) is carbon black recovered from end-of-life tires (ELTs). The product has recently been introduced in the market in commercial quantities. Unlike virgin carbon black, production of rCB does not result in high emissions of sulfur oxides (SOx), nitrogen oxides (NOx), or particulate matter. There exists a growing concern, as carbon black production plants in the U.S. are being forced to reduce their air emissions. Carbon black recovered from waste tires with improved product quality offers a cost-effective measure to the tire industry to reduce its carbon footprint. Development of carbon black products for green rubber tires is anticipated to create lucrative growth opportunities for the market in the next few years.
Global carbon black market is mostly consolidated
The report comprises profiles of major companies operating in the global carbon black market. Around 65% of the global carbon black market is consolidated, while the rest is fragmented with a few small players operating in the market. Key players include Cabot Corporation, Orion Engineered Carbons, Birla Carbon, Continental Carbon Company, Tokai Carbon Co. Ltd., and Philips Carbon Black Ltd. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. The report also comprises a matrix of comparison between the top four players operating in the global carbon black market along with analysis of their market share for 2017.
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