Specialty Carbon Black Market Growth Analysis | 2022-2028

Market Insights

The specialty carbon black market was estimated at USD 2.52 billion in 2021 and is likely to grow at a CAGR of 10.01% during 2022-2028 to reach USD 4.93 billion in 2028.

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Market Dynamics

Introduction

Specialty carbon black is the purest carbon black form that has a lower amount of metals, sulphur, ashes, or any other impurities. Furnace black, lampblack, acetylene black, and thermal black are some of the processes through which this particular carbon black form is processed and obtained. Specialty carbon black is featured to offer protection against conductivity, UV protection, and other factors. It is used mainly in a number of areas such as plastics, printing inks, coatings, and toners.

Market Drivers

Key factors that is contributing to the growth of the specialty carbon black market are:

• Growing demand for plastics, paints, and coatings in building and construction.
• Growing demand for packaging and automotive industries.
• Increasing demand for the product as reinforcing agents, specifically in tires.
• The growing use of the product in agriculture mulch film, refuse sacks, stretch wrap, and industrial bags.

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Segments Analysis

By Application Type

The market has been segmented as plastic, ink, coating, and others. The plastic application segment dominated the market and is expected to remain the major one during the forecast period. Further, it is also expected to register the highest growth during the forecast period.

By 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. The growth of this segment is driven by the demand from household products, food & beverages, and pharmaceutical sectors.

Regional Insights

Asia-Pacific held the largest market share of more than 45% in 2021 and 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 to the dominance of Asia-Pacific in the global market.

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Key Players

Some of the major players in the market are:

• Birla Carbon
• Tokai Carbon CB, Ltd.
• Omsk Carbon Group
• Orion Engineered Carbons S.A.
• Cabot Corporation
• Philips Carbon Black Limited
• China Synthetic Rubber Corporation

Note: The above list does not necessarily include all the top players in the market.

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s specialty carbon black market realities and future market possibilities for the forecast period of 2022 to 2028. After a continuous interest in our specialty carbon black market report from the industry stakeholders, we have tried to further accentuate our research scope to the specialty carbon black market to provide the most crystal-clear picture of the market. The report segments and analyses the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
• COVID-19 impact and its recovery curve
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Market Segmentation

This report studies the market, covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The specialty carbon black market is segmented into the following categories.

By Application Type

• Plastic 
• Ink 
• Coating 
• Others

By End-Use Industry Type

• Transportation
• Industrial
• Building & Construction
• Printing & Packaging
• Others

By Function Type

• Color
• UV Protection
• Conductive
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.