DUBLIN--(BUSINESS WIRE)--The "Specialty Carbon Black Market - A Global and Regional Analysis: Focus on Application, Grade, Form, Function, and Region - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
Global Specialty Carbon Black Market to Reach $6,378.3 Million by 2031
The growth in the global specialty carbon black market is expected to be driven by its increasing use as a pigment in plastics. However, government regulations regarding its utilization and volatile raw material prices are anticipated to hinder the market growth in the upcoming future.
Early civilizations adopted coal as a black pigment for writing letters in ancient Egypt and China. Carbon black was first made using the channel process in the late 19th century. The development of various carbon black's production technology, mostly driven by the growth of the tire business, came in industrial mass production around the start of the 20th century.
Today, carbon black is a high-tech raw material with well-defined qualities that is extensively employed in a variety of applications such as plastics, tires, and coatings. Specialty carbon black is utilized in a range of coatings, polymers, and printing applications, among others.
Rising investments in research and development activities are expected to boost the growth of specialty carbon black. Specialty carbon black can be customized and utilized in various applications such as printing, paints, coatings, plastics, and fiber.
The growth of specialty carbon black is closely tied to the plastics industry and the production of paint, coatings, and battery electrodes. The demand for specialty carbon black is gradually growing in China, Asia-Pacific, and Japan owing to the presence of key producers such as Birla Carbon, PCBL Limited, Mitsubishi Chemical Holdings Corporation, and Tokai Carbon Co., Ltd.
The outbreak of COVID-19 has caused several delays in manufacturing operations, which resulted in the slowdown of the specialty carbon black industry. Also, supply chain disruptions have negatively impacted the specialty carbon black market. Nowadays, companies are trying to secure long-term supply contracts with other suppliers, to maintain smooth operations.
The specialty carbon black market is expected to be led by the plastics industry. Rising demand due to its UV protection and conductive properties is one of the key drivers behind the market growth.
The specialty carbon black market is dominated by the granular segment. This is due to the significant advances that have been made in handling and shipping granulated goods in recent years.
The specialty carbon black market is estimated to be led by the fiber grades of carbon black owing to its extensive utilization in textile, industrial, and non-woven materials.
The color segment is expected to have a significant share in the market. The primary function of specialty carbon black is coloring or pigmentation, which is the reason it is holding major share.
Asia-Pacific and Japan is anticipated to gain traction in terms of specialty carbon black production owing to the presence of key market players such as Cabot Corporation, Birla Carbon, Phillips Carbon Black Limited, and Himadri Specialty Chemical Ltd., among others.
Key players in the specialty carbon black market analyzed and profiled in the study involve specialty carbon black manufacturers.
Moreover, a detailed competitive benchmarking of the players operating in the specialty carbon black market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Recent Developments in Specialty Carbon Black Market
Key Market Players and Competition Synopsis
The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent names established in this market are:
1.1.1.1 Rising Research Activities for Improved Dispersibility and Increased Viscosity of Specialty Carbon Black
1.1.1.2 Emergence of Recovered Carbon Black
1.1.4 Impact of COVID-19 on the Specialty Carbon Black Market
1.2.1.1 Increasing Prominence of Specialty Carbon in the Plastics Industry
1.2.1.2 Rising Demand for Specialty Carbon Black for Lithium-Ion Batteries
1.2.2.1 High Cost of Specialty Carbon Black
1.2.2.2 Growing Environment Concern due to Usage of Specialty Carbon Black
1.2.4.1 Rising Demand for Wire and Cable, Pressure Pipes, and Construction Materials
1.2.4.2 Growing Demand for Packaging and Printing Inks
1.3.1 Key Start-Ups in the Ecosystem
1.4 Carbon Footprint Comparison for Specialty Carbon Black with Carbon Black and Lignin-Based Cellulose
1.5 Performance and Price Comparison of Specialty Carbon Black and Carbon Black
2.2 Demand Analysis of Specialty Carbon Black Market (by Applications), Value and Volume Data
3.1 Specialty Carbon Black Market - Products and Specifications (by Form)
3.2 Specialty Carbon Black Market- Demand Analysis (by Form)
3.2.1 Demand Analysis of Specialty Carbon Black Market (by Form), Value and Volume Data
3.3 Specialty Carbon Black Market - Products and Specifications (by Grade)
3.4 Specialty Carbon Black Market- Demand Analysis (by Grade)
3.4.1 Demand Analysis of Specialty Carbon Black Market (by Grade), Value and Volume Data
3.5 Specialty Carbon Black Market (by Function)
3.6 Specialty Carbon Black Market- Demand Analysis (by Function)
3.6.1 Demand Analysis of Specialty Carbon Black Market (by Function), Value and Volume Data
3.7 Product Benchmarking: Growth Rate - Market Share Matrix, 2021
3.9 Global and Regional Level: Average Pricing Analysis
5 Markets - Competitive Benchmarking & Company Profiles
5.1.2 Product Matrix for Key Companies
5.1.3 Market Share Analysis of Key Companies
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