The report of Specialty Carbon Black Market by Form (Granules and Powder), Application (Plastics, Battery Electrodes, Paints & Coating, Inks & Toners and Others (Rubber, etc.)) and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) is expected to reach US$ XX Bn by 2026, at a CAGR of 4.6% during a forecast period.
The specialty carbon black landscape has witnessed healthy growth in the past few years. The growing number of manufacturers in this market, such as Cabot Corporation, Orion Engineered Carbons and Himadri Specialty Chemical Ltd., expanding their production services, the specialty carbon black market is likely to witness noteworthy growths during forecast period. The growing demand from polymer industries and major utilization in metallurgy, triggers the demand for specialty carbon black products, and its drivers the growth of the specialty carbon black market. Also, greater conductive properties such as lesser amount of sulfur and metal aids in providing shield against UV radiations, which drives the utilization of specialty carbon black products in the automotive sector. The specialty carbon black landscape is growing rapidly, as applications in a widespread range of industrial segments generate new opportunities for stakeholders. While the amplifying growth of the paints and coatings, and inks & toners industries continues to adoptive growth, profitable opportunities in the promptly growing plastics industry will support manufacturers in strengthening their sales performance in the specialty carbon black landscape. Although, increased burden from governments and other environment protection groups as carbon black is considered to be the main greenhouse gas emitter limits the market growth.
The Form segment is expected to grow at the highest XX% CAGR during the forecast period.
The Granules is accounted for the largest XX% market share in the Specialty Carbon Black market due to its low price and ease of transportation. In terms of Application, the Battery Electrodes are the most profitable segment of the Specialty Carbon Black market, in terms of revenue. Because of increase in the demand for lithium-ion batteries led by the growth in the demand for consumer electronics products and electric vehicles has driven the demand for battery materials.
Asia Pacific is expected to witness the fastest growth during the forecast period.
In terms of revenue, Asia Pacific established a leading share of the specialty carbon black market in 2018. The main share of this region can be attributed to the low production cost of specialty carbon black and growth in large-volume exports of specialty carbon black by China. The market in Asia Pacific is expected to grow at a rapid pace throughout the forecast period. North America and Europe also held a substantial share of the global specialty carbon black market in 2018. The market in these regions is likely to enlarge at an adequate pace throughout the forecast period.
Key players operating in the Specialty Carbon Black market are Cabot Corporation, 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., Continental Carbon, Orion Engineered Carbons, Asbury Carbons, Pyrolex AG, Black Bear Carbon B.V., Zaozhuang Xinyuan Chemical Industry Co. Ltd., Asia Carbon Industries Inc., Sid Richardson Carbon & Energy Co., OMSK Carbon Group, ATLAS ORGANIC PVT. LTD, International CSRC Investment Holdings Co. Ltd., Himadri Specialty Chemical Ltd, Mil-Spec Industries Corporation and Cancarb.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain positioning of competitors.
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