Specialty Carbon Black Market is Expected to Grow at a CAGR of 5.02% by 2030

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Specialty Carbon Black Market is Expected to Grow
at a CAGR of 5.02 by 2030
According to ChemAnalyst report, Specialty
Carbon Black Market Analysis Plant Capacity,
Production, Operating Efficiency, Technology,
Demand Supply, End- User Industries,
Distribution Channel, Regional Demand,
2015-2030. Specialty Carbon Black market
observed a demand of 1.95 million tons in 2020
and is expected to reach 3.23 million tons by
2030, growing at a CAGR of 5.02 in the next ten
years. Anticipated growth in the market can be
attributed to the increasing demand from
downstream industries such as Automobiles,
Plastics, Printing Inks, Paints and Coatings and
Others. Read Full Report Here https//www.chemana
lyst.com/industry- report/specialty-carbon-black-
441 Specialty Carbon Black, also known as pigment
black, is an intense and the purest black form
of carbon derived by the incomplete combustion of
hydrocarbons exhibiting superior properties that
offers enhanced pigmentation, UV protection,
dispersibility as well as antistatic/
conductivity applications. It is also used as a
viscosity control additive and offers
electro-magnetic shielding. Owing to all these
properties it is being employed in various
industries and also gaining popularity in the
field of Engineered Plastics. Products from the
engineered plastics finds application in wide
range of sectors like automotive, electronics,
which is expected to expand its market in the
upcoming years.
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Based on application, market can be segregated
into Plastics, Printing Inks Toners, Paints
Coatings, and Others. Plastics segment led the
market in the past year as it is the leading end
user industry for Specialty Carbon Black since it
offers improved characteristics like enhanced
flexibility, durability, thermal, water and UV
resistance to plastics products such as pipes,
semi-conductive cables, synthetic fibers,
conductive packaging, moldings, films and
sheets. Read Free Request Sample Online
https//www.chemanalyst.com/ChemAnalyst/RequestFor
m Moreover, Specialty Carbon Black is used to
modify the mechanical and rheological properties
of sealants and adhesives as it helps to reduce
product weight, improvise flexibility of
material, conserve resources along with
reductions in operational costs in building and
construction. Hence, increased use of sealants
adhesives in construction and industrial
activities are expected to impel the market
growth of global Specialty Carbon black. In first
half of 2020, due to the unprecedented outbreak
of novel corona virus, majority of the
industries were severely affected due to the halt
in the manufacturing sector. Alongside,
disturbance in supply and demand chain followed
by the imposition of lockdowns across the nations
further impeded the demand of the material. It
resulted into the huge slump in the growth curve
of Specialty Carbon Black growth as its demand
was declined due to the major hit in end use
industries like Automotive, Consumer Goods,
Construction and Others. However, since the
resumption in the industrial operations with
their full efficacy after the upliftment of
lockdowns in the latter half of 2020 and a speedy
recovery in the demand for Specialty Carbon
Black has been witnessed and further expected to
boost in the forecast period due to high demand
from end use industries. Region wise, In 2020,
Asia-Pacific accounted for the largest share of
over 45 in global Specialty Carbon Black market
followed by North America and Europe owing to
the flourishing industries in the region
including construction, automotive and Plastics.
Moreover, rapid industrialization, growing
population and the presence of large consumer
base are the key factors backing up its market
growth in the next ten years. Companies
operating in the global Specialty Carbon Black
market are using organic strategies such as
product innovation, business expansion, among
others to increase their share in the market. In
August 2021, Phillips Carbon Black Limited
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(PCBL) has announced to invest about Rs 800 crore
in a green field plant near Chennai and around
300-400 crore in the brownfield expansion for
Specialty Carbon Black near Mundra (India) over
the next two years. According to ChemAnalyst
report, Specialty Carbon Black Market Analysis
Plant Capacity, Production, Operating
Efficiency, Technology, Demand Supply, End-
User Industries, Distribution Channel, Regional
Demand, 2015-2030, Major players for Specialty
Carbon Black globally include Orion Engineered
Carbons S.A., Cabot Corporation, Birla Carbon,
Phillips Carbon Black Limited, Denka Company
Limited, Tokai Carbon Co. Ltd, Mitsubishi
Chemical Corporation, China Synthetic Rubber
Corporation, Shandong Huibaichuan New Materials
Co., Ltd, Imerys SA and others. Demand of
Specialty Carbon Black is directly linked to
Automotive, Plastics and Construction that are
perpetually growing sectors owing to the rising
population, rapid industrialization and changing
consumer preferences consequently contributing
to the growth of Specialty Carbon Black industry.
It is extensively used in meeting color
requirements for toners and printing inks as well
as in paints and coatings sector. Specialty
Carbon Black owing to its improved energy density
and lightweight in comparison to nickel cadmium,
finds application in automotive industry for
electric vehicle production. Additionally, in
automotive industry, Specialty Carbon Black is
also used to offer protection against corrosion,
improved durability of components as well as a
reinforcing agent in tire, thereby, boosting the
demand for Specialty Carbon in the forthcoming
years. said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global
management consulting firm promoting
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