Specialty Carbon Black Market Forecast | 2022-2028

Market Insights

The Specialty Carbon Black Market was estimated to grow from US$ 2.52 billion in 2021 to US$ 4.93 billion by 2028 at a CAGR of 10.01% during the forecast period of 2022-2028.

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What is Specialty Carbon Black?

Specialty Carbon Back 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.

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

Market Drivers

The prime factor that is contributing to the growth of the 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 Plastic Application segment dominated the market and is expected to remain the major one during the forecast period of 2022-2028.

The market has been segmented as plastic, ink, coating, and others. Further, it is also expected to register the highest growth during the forecast period of 2022-2028.

By End-Use Industry Type

The Printing & Packaging Industry led the demand for specialty carbon black and is expected to remain dominant during the forecast period of 2022-2028.

The market is segmented as transportation, industrial, building & construction, printing & packaging, and others. The growth of this segment is driven by the demand from household products, food & beverages, and pharmaceutical sectors.

By Region

Asia-Pacific held the largest market share of >45% in 2021 and is expected to remain the largest market for specialty carbon black during the forecast period of 2022-2028.

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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The market is segmented into the following categories. 

By Application Type

• Plastic 
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Application Type Analysis: Film, Blow & Injection Molding, Pipes, Wire & Cable, Fiber, and Others
• Ink 
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Application Type Analysis: Printing Inks and Toners
• Coating 
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW
  • Application Type Analysis: Industrial Coatings, Automotive Coatings, and Others
• Others 
  • Regional Analysis: North America, Europe, Asia-Pacific, and RoW

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

Report Features

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

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Trend and forecast analysis
• Segment trends and forecast
• Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
• Attractive segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Research Methodology

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 1,000 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 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Target Audience

The following is a list of the customers that the market aims to convert the most:

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

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.