Carbon Black Market Opportunity Analysis and Industry Forecast
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Market Industry Reports (MIR) has published a new report titled “Carbon Black Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global carbon black market was valued at over US$ 14.0 Mn in 2018 and is anticipated to grow at a substantial CAGR during the forecast period of 2019-2030.
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Volatility in the Prices of Raw Materials
Volatility in the prices of raw materials is the major factor hampering the market growth. Aromatics oil is used as a major feedstock’s in the production of carbon black which is a derivative of petrochemicals. Therefore, any fluctuation in the prices of raw material will directly impact the pricing of the final product. Owing to imbalance in supply and demand of crude oil the prices are fluctuating. This in turn is hampering the growth of the carbon black market.
Increasing Tire Production
Rise in production of tires is the major factor driving the market growth. The tire market is witnessing growth owing to growing automotive industry. Carbon black is use widely as reinforcement additive in tire manufacturing. It helps to enhance the tear-strength, resilience and conductivity and other physical properties of the product. Carbon black is use in tire components such as sidewalls, inner liners and treads. Worldwide, the automotive industry is recovering from the economic crisis. As the automotive industry is witnessing growth, the demand for tire is growing which in turn is driving the market for black carbon.
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Key Players
Technological advancement, production capacity enhancement, and joint agreements are the major strategies adopted by the players present in this market. Orion Engineered Carbon, Birla Carbon, Jiangxi Black Cat Carbon Black Co. Ltd, and Birla Carbon are the key players present in this market. Phillips Carbon Black Ltd, Evonik, China Synthetic Rubber Corporation and Nippon are other key players present in this market.
Major Points of Table Of Content
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. ABSTRACT OF THE STUDY
4. MARKET DYNAMICS ASSESMENT
5. UNIQUE SELLING PROPOSITIONS (USPs)
6. MARKET, BY THERAPY
7. MARKET, BY TYPE
8. MARKET, BY END USER
9. MARKET - ANALYSIS & FORECAST, BY REGION
10. COMPETETIVE LANDSCAPE
11. COMPANY PROFILES
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