Specialty Carbon Black Market to experience an impressive growth of 8.1 % during 2020-2025
February 03, 2020
Specialty carbon black market is likely to witness an impressive CAGR of 8.1% during the forecast period. Growing demand for plastics, paints, and coatings in building and construction, packaging and automotive industries are the major factors driving the demand for specialty carbon black in the global market.
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Specialty Carbon Black Market Segment Insights:
By Application Type:
Based on the application type, the specialty carbon black market has been segmented as plastic, ink, coating, and others. The plastic application segment dominated the specialty carbon black market and is expected to remain the major one during the forecast period as well. Further, it is also expected to register the highest growth during the forecast period.
By End-Use Industry Type:
Based on the end-use industry type, the market is segmented as transportation, industrial, building & construction, printing & packaging, and others. The printing & packaging industry led the demand for specialty carbon black and is expected to remain dominant during the forecast period, owing to substantial demand from household products, food & beverages, and pharmaceutical sectors.
By Region:
In terms of regions, Asia-Pacific is expected to remain the largest market for specialty carbon black during the forecast period. Significant economic development in the region along with the rising disposable income has led to expanding end-use industries, such as building and construction, automotive, food & beverage, personal care, and healthcare. All these factors are contributing towards the dominance of Asia-Pacific in the global specialty carbon black market.
By Key Players:
Some of the specialty carbon black manufacturers are Birla Carbon, Orion Engineered Carbons S.A., Cabot Corporation, Omsk Carbon Group, Philips Carbon Black Limited, China Synthetic Rubber Corporation, and Tokai Carbon CB, Ltd.
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