LONDON, Oct 13, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the specialty carbon black market, rising demand for plastics and coatings is expected to drive growth in the specialty carbon black market. special coal in the future. Plastic refers to a group of materials that are either natural or synthetic, and coating refers to a layer of a particular substance that covers a surface. Special carbon black is used as an insulating agent in a variety of rubber, plastic, ink and coating applications, helping to strengthen vehicle tires. For example, in June 2021, according to European Coatings, a European magazine, there was a sharp increase in global demand for paints and coatings. The demand increased from 14% in the first quarter of the year 2021 to 22% in the second quarter. The strongest increase in demand was seen in India and China. Therefore, the increasing demand for plastics and coatings is driving the growth of the specialty carbon black market.
Request for a sample of the global special carbon black market report
The global specialty carbon black market size is expected to grow from $2.40 billion in 2021 to $2.65 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The global specialty carbon black market size is expected to grow to $3.92 billion in 2026 at a compound annual growth rate (CAGR) of 10.2%.
Increasing investment is a key trend gaining popularity in the specialty carbon black market. Major companies operating in the specialty carbon black market are investing heavily to maintain their position in the specialty carbon black market. For example, in August 2021, Phillips Carbon Black Ltd, an India-based manufacturer of specialty carbon black, announced an investment of INR 300 million to increase capacity at Mundra for specialty carbon black. The company will also invest INR 100 million in research and development facilities in Belgium and India.
Major players in the specialty carbon black market are Cabot Corporation, Birla Carbon, Continental Carbon, Omsk Carbon Group, Orion Engineered Carbons, Phillips Carbon Black Limited, Himadri Specialty Chemical Limited, Imerys Graphite & Carbon Switzerland SA, Black Bear Carbon BV, Asia Carbon Industries Inc., Lion Specialty Chemicals Co Ltd., Asbury Carbons, Zaozhuang Xinyuan Chemical Industry Co. Ltd. and Asia Carbon Industries Inc.
The analysis of the global specialty carbon black market is segmented by form into granules, powder; by grade in conductive carbon black, fiber carbon black, food contact carbon black; by type of process in furnace black, gas black, lamp black, thermal black; by function in color, UV protection, conductive, other functions; by application in plastics, battery electrodes, paints and coatings, inks and toners, rubber, other applications.
Pacific Asia was the largest region in the specialty carbon black market in 2021. Pacific Asia is expected to be fastest growing region in the global specialty carbon black market forecast period. Regions covered in global Specialty Carbon Black market research report is Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Global Specialty Carbon Black Market Report 2022: Market Size, Trends and Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company providing Specialty Carbon Black market overviews, analysis specialty carbon black market forecast and market size and growth forecast for the entire market, specialty carbon black market segments and geographies, specialty carbon black market trends, carbon black market drivers carbon black, specialty carbon black market restraints, revenue, profiles, and market shares of leading competitors in the specialty carbon black market in more than 1,000 industry reports, covering more than 2500 market segments and 60 geographies.
The report also offers an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 data sets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and knowledgeable team of analysts and modelers provide market analysis and forecasts. The reports identify the top countries and segments for opportunities and strategies based on market trends and the approaches of major competitors.
Not the market you are looking for? Check out some similar market intelligence reports:
Global OTR Tire Market Report 2022: By Type (Radial Tires, Bias Tires, Solid Tires), By Process (Pre-Curing, Mold Curing), By Vehicle Type (Loaders, Dump Trucks, Motor Graders, Cranes, Dump Trucks, Tractors, Forklifts ), By Sales Channel (OEM, Aftermarket), By End User (Construction & Mining, Industrial, Agricultural, Other End Users): Market Size, Trends & Global Forecast 2022-2026
Plastic Material and Resins Global Market Report 2022: By Type (Polypropylene-Plastic Material and Resins, High-Density Polyethylene, Polyvinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material and Resins, Other Plastic Materials and resins), by application (packaging, housewares, bags, sheets, bottles, fibers, tapes, films, medical materials, other applications), by end-user industry (chemical industry, coatings and printing industry, electronics industry , Food and Pharmaceutical Industry, Other End-User Industries): Market Size, Trends and Global Forecast 2022-2026
Global Powder Coatings Market Report 2022: By Type (Thermoset, Thermoplastic), By Coating Method (Electrostatic Spray, Fluidized Bed), By End-User Application (Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, and Equipment) Earth Moving (ACE) , General Industrial, Other End-User Applications : Global Market Size, Trends & Forecast 2022-2026
Interested in learning more about The Business Research Company?
Business Research Company is a market intelligence company that excels in business, market and consumer research. Located around the world, it has specialist consultants in a wide range of industries, including manufacturing, healthcare, financial services, chemicals and technology.
The most complete database in the world
Business Research Company’s flagship product, Global Market Model, is a market intelligence platform that covers various macroeconomic indicators and metrics across 60 geographies and 27 industries. The global market model covers multi-layered datasets that help its users assess the gaps between supply and demand.