Trends, opportunities and forecast in carbon black market to 2023 by application (tire rubber, non-tire rubber, plastic, ink, coating, and others), by end use industry (transportation, industrial, building and construction, printing and packaging, and others) and by region (North America, Europe, Asia Pacific, and the Rest of the World)
According to a new market report published by Lucintel, the future of the global carbon black market looks attractive with opportunities in the transportation, industrial, and building & construction, and packaging sectors. The global carbon black market is expected to reach an estimated $20.2 billion by 2023 with a CAGR of 6.0% from 2018 to 2023.
The major growth drivers for this market are increasing tire production, and rising demand for specialty carbon black in plastic, ink, and coating applications.
Browse 96 Market Data Tables and 103 Figures spread through 184 Pages and in-depth TOC on "Global Carbon Black Market- Global Forecast to 2023" www.lucintel.com/carbon-black-market-2018.aspx
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 higher vehicle production and shift of tire production in low-cost countries, such as India and China.
Emerging trends, which have a direct impact on the dynamics of the industry, include growing usage of recycled and bio-based carbon black, and shifting focus from commodity to more specialize grade carbon black. Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), Orion Engineered Carbons Holdings, OMSK Carbon Group, Tokai Carbon, Philips Carbon Black, and Sid Richardson Carbon & Energy are among the major carbon black providers.
The Lucintel report includes a forecast for the global carbon black by application, end use, and region as follows:
By Application [Kilotons and $M shipment analysis from 2012 to 2023]:
- Tire Rubber
- Non-Tire Rubber
By End Use Industry [Kilotons and $M shipment analysis from 2012 to 2023]:
- Building and Construction
- Printing and Packaging
By Region [Kilotons and $M shipment analysis for 2012 – 2023]:
- North America
- United States
- Asia Pacific
- South Korea
- The Rest of the World
Category: Market Research Publishers and RetailersCompany about: Lucintel, the premier global market research and management consulting firm creates your equation for growth - whether you need to understand market dynamics, identify new opportunities or increase your profitability. Lucintel team of trusted industry experts for materials and manufacturing industries have executed over hundreds of consulting projects for clients, ranging from small, emerging organizations up to multinational companies such as 3M, Audi, BASF, Cytec, DSM, Eastman, GE, H ...