Lucintel anticipates that Asia Pacific will be the fastest growing region in the specialty carbon black market
According to a new market report published by Lucintel, the future of the specialty carbon black market looks attractive with opportunities in the printing and packaging, building & construction, transportation, and industrial sectors. The global specialty carbon black market is expected to reach an estimated $2.6 billion by 2023 with a CAGR of 7.5% from 2018 to 2023.
The major drivers of growth for this market are increasing demand for plastic and coating in the building and construction, packaging, and automotive industries.
Browse 64 market data Tables and 115 Figures spread through 198 Pages and in-depth TOC on "Specialty Carbon Black Market" www.lucintel.com/specialty-carbon-…market-2018.aspx
Within the specialty carbon black market, printing and packaging will remain the largest end use industries, and they are expected to witness highest growth during the forecast period supported by increasing demand in the food and beverages, household products, personal care, and pharmaceuticals sectors.
Asia Pacific is expected to be the largest region by value and volume and will experience the highest growth over the forecast period supported by growth in plastic, ink, and coating demand in emerging countries, such as China and India.
Emerging trends, which have a direct impact on the dynamics of the industry, include the shifting focus of carbon black suppliers from commodity to specialty grade and increasing use of specialty carbon black as pigment in lightweight automotive parts. Orion Engineered Carbons Holdings, Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), OMSK Carbon Group, Tokai Carbon, Continental Carbon, and Sid Richardson Carbon & Energy are among the major specialty carbon black providers.
The study includes a forecast for the global specialty carbon black by application, attributes, and region as follows:
By Application [Kilotons and $M shipment analysis from 2012 to 2023]:
- Blow and Injection Molding
- Wire & Cable
- Printing Ink
By End Use Industry [Kilotons and $M shipment analysis from 2012 to 2023]:
- Printing and Packaging
- Building and Construction
By Function [Kilotons and $M shipment analysis from 2012 to 2023]:
- UV Protection
By Region [Kilotons and $M shipment analysis for 2012 – 2023]:
- North America
- Asia Pacific
- The Rest of the World
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