Owing to Withstanding Adverse Weather Conditions and High Resistance to Wear & Tear, Global Demand for Carbon Black is Expected to Reach 20 Million Metric Tons by 2024 – Market Report (2018-2024) by Industry Experts, Inc.
Monday 10 Jun 2019
Industry Experts, Inc. unveiled an updated 2019 version of the global market research report on Carbon Black. The new report entitled "Carbon Black – A Global Market Overview" reveals that Furnace Carbon Black dominates the global volume market for Carbon Black by type, estimated at 12.9 million metric tons, valued at US$14.9 billion, in 2018, which is also expected to record the fastest CAGR of 5.5% between 2018 and 2024 and reach a projected 17.8 million metric tons, translated to US$20.8 billion, by 2024.
Carbon black becoming an integral component of high-performance coatings can be attributed to its superior properties, such as resistance to high wear & tear, ability to withstand adverse weather conditions and insulation features. Another trend being witnessed is a move towards “green” carbon black, which is obtained from end-of-life discarded tires through a process called pyrolysis. All these factors augur a steady positive growth in demand for carbon black.
Automotive & Transportation sector is the principal global volume market for Carbon Black
, which is estimated at 8.7 million metric tons in 2019 and is anticipated to post a 2018-2024 CAGR of 5.4% in reaching a projected 11.4 million metric tons, valued at US$13.2 billion, by 2024. Printing & Packaging sector is anticipated to be the fastest growing market for Carbon Black in terms of both volume and value.
This comprehensive market report reviews, analyses and projects the Carbon Black market for the period 2015-2024 in terms volume in metric tons and value in USD. Carbon Black types analyzed in this study include Acetylene Carbon Black, Furnace Carbon Black, Thermal Carbon Black and Other Carbon Blacks. The report further explores Furnace Carbon Black market by sub-type consisting of Carcass Grade Furnace Carbon Black and Tread Grade Furnace Carbon Black. The report explores Carbon Black market with respect to Carbon Black grades segmented in to Reinforced Grade, Semi-Reinforced Grade and Specialty Grade. Report studies the Carbon Black market by application comprising Tires, Non-Tire Rubber Products, Paints & Coatings, Plastics, Printing Inks & Toners and Other Applications. The report also analyzes the market for Carbon Black by end-use sectors including Automotive & Transportation, Building & Construction, Industrial, Printing & Packaging and Other End-Use Sectors.
The worldwide Carbon Black market
is segmented, for the purpose of this study, in to five major regions namely North America, Europe, Asia-Pacific, South America and Rest of World. These regional markets further analyzed for 17 independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Indonesia, Japan, South Korea and Thailand; and South America – Argentina and Brazil.
This 520 page global Carbon Black market report includes 651 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. This report profiles 16 key global players and 45 major players across the North America – 6; Europe – 7; Asia-Pacific – 28; South America – 2; and Rest of World – 2. The report also provides the listing of the companies engaged in research & development, manufacturing and supply of Carbon Black. The global list of companies covers addresses, contact numbers and the website addresses of 202 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: http://industry-experts.com/verticals/chemicals-and-materials/carbon-black-a-global-market-overview