Specialty carbon black market has significant growth scope and is estimated to reach USD 3 million by 2025. The reports forecast the specialty carbon black market by type, application, end-use industry, and region. It highlights COVID-19 impact on the specialty carbon black industry.

Description

Specialty Carbon Black Market: By Type (Granules Form, Powder Form), By Application (Coatings, UV Protection, Plastics, Pigmentation, Toners, Polymers, and Others), By End-Use Industry (Printing & Packaging, Automotive & Transportation, Consumer Electronics, Building & Construction, Industrial and Others), and by Region – Global Industry Sizing, Growth, Trend, Opportunity, and Forecast (2020–2025)

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The specialty carbon black market report covers a thorough analysis of the market dynamics, business models, segmental/regional analysis, and respective market shares and strategies adopted by the key market players operating in the global market. It entails an in-depth analysis of the factors influencing the global market and market statistics indicating region wise and segment-wise market share/growth analysis. The study of the report will outlook one of the most exhaustive analyses of the market, capturing all the aspects of the specialty carbon black industry. Also, the report identifies and highlights the COVID-19 impact on the specialty carbon black market.

Specialty Carbon Black Market: Introduction

The specialty carbon black market size was estimated at USD 2.1 billion in 2019, which is expected to reach USD 3 million by 2025, registering a CAGR of 6% during the forecast period (2020-2025). Specialty carbon black is the highest and purest form/grade of the carbon black and the low presence of sulfur, ash, and metals. With the limited air supply, the hydrocarbon is burned to manufacture high-end, refined chemicals such as specialty carbon black. Specialty Carbon black is widely used for various applications such as UV stabilizing, conductive agents, and pigmenting purposes in the different specialty products. Plastics have witnessed leading application area for specialty carbon black from the last decade; however, increasing usage in the battery technology is gaining traction and is expected to witness lucrative growth in the upcoming years. In recent years, the world has seen the Asia Pacific is a leading consumer in the global specialty carbon black market. It is anticipated to be dominating in the upcoming years ahead.

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Specialty Carbon Black: Market Dynamics

The demand for specialty carbon black for the conductive packaging, film and sheet, fibers, moldings, pipes, and semi-conductive cables are gaining traction over the last few years. Owing the implantation of smart materials such as conductive specialty carbon black in the building & construction activities is expected to create lucrative growth for specialty carbon black in the upcoming years.

The specialty carbon black is used in the industrial and automotive applications for painting and coatings to provide UV protection, conductivity, and pigmentation to the end products acts as a reinforcing agent. The positive outlook of the automotive and industrial activities are expected to boost the demand for specialty carbon black. In recent years, consumer buying behavior is shifted towards the corrosion resistance, flexibility, high durability, and low maintenance of the product, especially in automotive and consumer electronics. In the era of perfection and quality, specialty carbon black is acts as a catalyst to enhance the product quality to the desired level. According to consumer preference, the increasing concern towards product development is expected to support the specialty carbon black market's growth. 

During the COVID 19 pandemic, the global specialty carbon black market has witnessed a substantial supply-demand gap, which results in a drop in the overall sales. End-use industries are going through huge setbacks that affect the overall demand for the specialty carbon black.

Specialty Carbon Black Market: Scope of the Report

The report outlines the study of the specialty carbon black market on the basis of type, application, and end-use industry.

Based on application, the specialty carbon black market is segmented into-

• Coatings
• UV Protection
• Plastics    
• Pigmentation
• Toners    
• Polymers
• Others

Based on the end-use industry, the specialty carbon black market is segmented into-

• Printing & Packaging
• Automotive & Transportation
• Consumer Electronics
• Building & Construction
• Industrial
• Others

Specialty Carbon Black Market: Regional Lookout

The global specialty carbon black market has been segmented into five geographical regions, namely, North America, Asia Pacific, South America, Europe, and the Middle East and Africa. In 2019, Asia Pacific was estimated to hold a dominating position in the global market in which China is the leading consumer, among others, followed by India and ASEAN countries. The emerging positive march of the automotive, packaging, and consumer electronics industry in the Asia Pacific fuel the demand for specialty carbon black. Developing nations such as Indonesia, India, and China is estimated to witness promising growth in the upcoming years due to government initiatives to boost industrial activities. North America, followed by Europe, is expected to hold a considerable share and anticipated to witness a moderate growth rate in the near future.

Specialty Carbon Black Market: Competitive Landscape

The key specialty carbon black manufacturers in the market include Cabot Corporation, Continental Carbon Company, Aditya Birla Management Corporation Pvt. Ltd., Orion Engineered Carbons GmbH, and Tokai Carbon Co., Ltd.

Other leading companies in the Specialty Carbon Black market are Continental Carbon Company, Omsk Carbon Group, Zaozhuang Xinyuan Chemical Industry Co. Ltd., Asia Carbon Industries Inc., Sid Richardson Carbon & Energy Co., and Philips Carbon Black. The majority of the manufacturer focuses on strengthening the distributors’ network, which caters to the increasing demand for specialty carbon black. Though the demand for specialty carbon black is gaining traction, complying with stringent regulations is a real threat for the manufacturers.

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