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Specialty Carbon Black Market: Segmented By Application (Plastic, Ink, Coating And Others), By End User (Transportation, Industrial, Building & Construction, Printing & Packaging And Others), And Region - Global Analysis Of Market Size, Share & Trends For 2019-2020 And Forecasts To 2030
Specialty carbon black Market to surpass USD 5.2 billion by 2030 from USD 2.5 billion in 2020 at a CAGR of 6.8% in the coming years, i.e., 2021-30.
Specialty carbon black is a refined chemical made by burning hydrocarbons with a small amount of air. Specialty carbon black, also known as pigment black, is the cleanest form of carbon black, with the least amount of ash, Sulphur, metals, and other contaminants. Furnace black, thermal black, acetylene black, and lampblack are the four techniques used to create specialty carbon black. Rubber and commercial carbon black are two more types of carbon black. Specialty carbon black is one of them. Tires, belts, hoses, gaskets, diaphragms, vibration isolation devices, bushings, air springs, chassis bumpers, and various types of pads, boots, wiper blades, fascia, conveyor wheels, and grommets all use specialty carbon black as a strengthening agent. Refuse sacks, industrial bags, photographic containers, agriculture mulch film, stretch wrap, and thermoplastic molding applications for automotive, electrical/electronics, household appliances, and blow-molded containers are just a few of the uses for specialty carbon black.
Increased product demand as reinforcing agents in hoses, belts, tyres, and molding plastic parts is likely to drive the market. One of the most common applications for specialty carbon black compounds is conductive polymers, which have better-conducting characteristics than rubbers and polymers. It also lowers electrical resistance by forming a conductive network with the polymer and rubber. Over the last decade, economies such as China, Mexico, Brazil, and India have experienced remarkable development in terms of industrial output and GDP. This has resulted in increased demand for battery electrodes as a result of increased discretionary spending.
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Global Specialty carbon black market is segmented by application into Plastic, Ink, The plastic application sector led the specialty carbon black market in 2020, and it is projected to continue to do so in the coming years. It is also predicted to have the fastest growth rate over the forecast period.
Global Specialty carbon black market is divided by end-user into Transportation, Industrial, Building & Construction, Printing & Packaging, and Others. Due to strong demand from the household products, food & beverage, and pharmaceutical sectors, the printing & packaging industry dominated the market for specialty carbon black and is likely to stay dominant during the projection period.
Better conductivity characteristics and demand in polymer industry
The rise in demand for polymer industries and its widespread use in metallurgy are projected to propel the specialty carbon market forward in the foreseeable timeframe. Furthermore, the specialty carbon market is expected to increase due to its better conductive properties, such as low Sulphur content and metal help in providing UV radiation protection. Over the last decade, economies such as China, Mexico, Brazil, and India have experienced remarkable development in terms of industrial output and GDP. This has resulted in increased demand for battery electrodes as a result of increased discretionary spending, which is further driving the market.
Increasing demand for non-rubber applications and in fuel-efficient cars
Furthermore, the specialty carbon black materials aid in the manufacturing of lightweight and fuel-efficient passenger cars, which is expected to cushion the specialty carbon market's expansion. Moreover, the increased demand for non-rubber applications will give further chances for the specialty carbon market to grow in the coming years.
Increased pressure from government and health issues
Carbon black is expected to stifle the expansion of the specialty carbon market in the timeframe period due to increased pressure from governments and other environmental protection groups. Inhaling carbon black particles can irritate the lungs, eyes, and other organs, affecting health and causing serious diseases, which could stymie the specialized carbon market's growth in the near future.
Imerys
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Specialty carbon black market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific and the Middle East, and Africa. The market in APAC is expected to hold highest CAGR over the forecasted period. End-use sectors such as building and construction, automotive, food and beverage, personal care, and healthcare have expanded as a result of the region's significant economic expansion and increased disposable income. All of these reasons contribute to Asia-supremacy Pacific's in the worldwide specialized carbon black market.
| Report Attribute | Details |
| Market size value in 2020 | USD 2.5 billion |
| Revenue forecast in 2030 | USD 5.2 billion |
| Growth Rate | CAGR of 6.8% from 2021 to 2030 |
| Base year for estimation | 2020 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2030 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Application, end user and Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Key companies profiled | Imerys, Mitsubishi Chemical Corporation, Denka Company Limited, Phillips Carbon Black Limited, Tokai Carbon Co., Ltd., Lion Specialty Chemicals Co., Ltd., Birla Carbon, Ampacet Corporation, Himadri Specialty Chemical Ltd. and Other Prominent Players |
The Specialty Carbon Black Market size was estimated at USD 2.5 billion in 2020 and is expected to reach 5.2 billion by 2030.
Key players: Imerys, Mitsubishi Chemical Corporation, Denka Company Limited, Phillips Carbon Black Limited, Tokai Carbon Co., Ltd., Lion Specialty Chemicals Co., Ltd., Birla Carbon, Ampacet Corporation, Himadri Specialty Chemical Ltd. and Other Prominent Players
Plastic segment and Printing & Packaging segment are anticipated to hold the largest Specialty Carbon Black Market.
Drivers: Better conductivity characteristics and demand in polymer industry and Increasing demand for non-rubber applications and in fuel-efficient cars
Specialty carbon black is a refined chemical made by burning hydrocarbons with a small amount of air. Specialty carbon black, also known as pigment black, is the cleanest form of carbon black, with the least amount of ash, Sulphur, metals, and other contaminants. Furnace black, thermal black, acetylene black, and lampblack are the four techniques used to create specialty carbon black. Rubber and commercial carbon black are two more types of carbon black. Specialty carbon black is one of them.
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