Volume demand for carbon black is directly associated with the end use industries, according to a new analysis report released by ReportLinker, an award-winning market research solution. The automotive industry takes the lead in this market, given that the largest quantity of thecarbon black material is utilized by tyres and other rubber products largely used in automobiles. Any volatility in the production of tyres and, to a lower degree, mechanical rubber products correspondingly affects demand for carbon black. In turn, tyre production is heavily reliant on automobile production, which has been posting steady growth over the past few years and is likely to continue doing so.
However, the concept of tyre retreading has its own advantages and disadvantages. While increase in retreading is apt to hit new tyre production, the market for carbon black stands to gain since the material is used in both instances. Technological developments and innovative applications in these sectors will also be instrumental in fuelling demand for carbon black.
Worldwide market for Carbon Black application segments explored in this study includes Industrial Rubber Products, Paints & Coatings, Plastics, Printing Inks & Toners and Tires. The global markets for the above mentioned application segments are analyzed in terms of value in metric tons and value in USD. Global consumption of Carbon Black, estimated at 13.2 million metric tons valued at US$13.7 billion in 2015, is expected to reach 13.9 million metric tons equated to US$14.4 billion in 2016 and further forecast to maintain a CAGR of 5.6% between 2016 and 2022 to reach 19.2 million metric tons corresponding to US$20.4 billion by 2022.
This report reviews, analyses and projects the Carbon Black market for global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World. The regional markets further analyzed for 18 independent countries across North America (The United States, Canada, Mexico), Europe(France, Germany, Italy, Russia, Spain, and the United Kingdom), Asia-Pacific (China, India, Indonesia, Japan, Taiwan, Thailand, South Korea), and South America (Argentina and Brazil).
This 328-page global market research report includes 240 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report also profiles 21 key global players and 29 major players across North America (5), Europe (5), and Asia-Pacific (19). The research also provides the listing of the companies engaged in manufacturing and supply of Carbon Black. The global list of companies covers addresses, contact numbers and the website addresses of 180 companies.
Source: Report Linker