SmithersRapra recently released a new report, The Future of Carbon Black to 2021, which gives an overview of the global carbon black market broken down by end use applications, feedstock issues, pricing, supply, demand, and trade. The report also provides an examination of the driving influences for the carbon black market and highlights current developments in the industry.
Historically, carbon black has displayed a stable growth profile. From 2007-2015, the CAGR was 3.75%, growing from 9.8 million tonnes to 13.2 million tonnes.
Demand is forecast to grow at 3.74% CAGR over the next 5 years. The market is driven by growth in tyres and automobiles and is linked to the construction industry. The rebound from the 2009 downturn was strong globally, rebounding from 8.4 million tonnes in 2009 to almost pre downturn levels of 9.8 in 2010. North America is forecast to be a high growth region for the next 5 years. With the new tyre capacity coming online a growth of 3.8% is forecast to 2021. Africa is also expected to be a fast grower, though it has resisted positive predictions previously, and average growth rate of 3.5% is forecast to 2021.
The report also shows statistical data for the global carbon black market by end-use application, region and country. It also includes historical data for the global carbon black market from 2007-2015, an estimate for 2016, and forecasts to 2021, as well as an overview of the market drivers and new applications of carbon black.
This Future of Carbon black to 2021 report was prepared using a variety of primary and secondary research methods from multiple sources. The capacity information was developed from media sources, company reports and websites. The production and consumption figures were derived from sources such as the international Carbon Black Association Rubber Manufacturers Association (ICBA) amongst other sources including SmithersRapra’s database. Trade statistics were derived from Eurostat, and governmental import/export agencies.