Speciality carbon black experiences rapid increase in demand: Ken Research

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Speciality carbon black experiences rapid
increase in demand Ken Research
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Carbon black is a fine, deep black coloured
powder that is formed by burning hydrocarbons in
insufficient air. It is used in various sectors
due to its reinforcing, conducting and tinting
properties. The tyre industry is the biggest
consumer of carbon black. It increases the
tensile strength and abrasion resistance of the
automotive tyres and provides longevity and
strength. There has been a rise in demand for
carbon black for paints and coatings and inks. It
is expected that this demand will continue to
rise in the future.
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Speciality carbon blacks enhance conductivity,
viscosity and UV protection and provide sharp
colour. The contribution of speciality blacks to
the industry has been on a rise as they from a
major portion of non-rubber application of carbon
black. Metallurgy is yet another emerging
consumer market for speciality carbon black.
Apart from this, the suppliers also favour them
as they have a higher profit margin than the
furnace blacks because of being higher priced. In
addition, the cyclicality in the rubber and motor
vehicle industries do not affect the demand for
special blacks, which is a major advantage.
Industrial rubber compounds and other equipment
that are used in the construction and
manufacturing sectors demand high quantities of
carbon black to provide strength. The industry
faces threat from other materials that may
substitute carbon black such as Silica, which may
affect the demand for carbon black. The rising
concerns for environment are also a constraint for
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the growth of the industry. The prices of raw
materials for production of carbon black have
also been fluctuating which has caused
uncertainty in the market. According to the
market research report "Global Carbon Black
Industry Situation and Prospects Research report
2017", in 2016, the world economy expanded by
just 2.2 per cent, the slowest rate of growth
since the Great Recession of 2009. Underpinning
the sluggish global economy are the feeble pace
of global investment, dwindling world trade
growth, flagging productivity growth and high
levels of debt. World gross product is forecast
to expand by 2.7 per cent in 2017 and 2.9 per
cent in 2018, with this modest recovery more an
indication of economic stabilization than a
signal of a robust and sustained revival of
global demand. Given the close linkages between
demand, investment, trade and productivity, the
extended episode of weak global growth may prove
self-perpetuating in the
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Carbon Blackence of concerted policy efforts to
revive investment and foster a recovery in
productivity. This would impede progress towards
the Sustainable Development Goals (SDGs),
particularly the goals of eradicating extreme
poverty and creating decent work for all. The
competition in the global carbon black market is
very high. Birla Carbon, Cabot Corporation and
Orion Engineered Carbons is the top three
companies present in the market. The other
significant companies having good market presence
include Bridgestone Corporation, Phillips Carbon
Black Ltd., China Synthetic Rubber Corporation,
Mitsubishi Chemical Holdings Corporation,
Columbian Chemicals Co., Continental Carbon
Company, Evonik Industries AG, Sid Richardson
Carbon Energy Co. and Tokai Carbon Co. Ltd.
among others. All the companies have been making
heavy investments in research and development to
improve their product quality and earn a
competitive edge. Many of the companies are now
increasing their production of speciality carbon
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black or shifting their current production from
standard carbon black to speciality carbon black
due to the higher price and increasing demand for
the same. The largest carbon black market in the
world remains to be the Asia-Pacific region. The
developing countries like India and China have
been the major contributors to carbon black
market because of the growth in tyre
manufacturing facilities as well as the expansion
of the construction sector. Many of the tyre
manufactures are also shifting their
manufacturing units to these countries, which
will further lead to an increase in demand for
carbon black. The region forms about 37 of the
global demand of the industry and is expected to
increase in the coming years. Latin America and
Eastern Europe are also expanding their
construction sector and hence a rise in demand
for carbon black. The demand for speciality black
is anticipated to grow in developed economies
like Western Europe and USA while the demand for
carbon black may remain stagnant.
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Key Topics Covered in the Report Global Carbon
Black Industry Market Research Report Global
Carbon Black Industry Market Size Global Carbon
Black Industry Market Global Carbon Black
Industry Production Output Global Carbon Black
Industry Import Volume Global Carbon Black
Industry Export Volume Global Carbon Black
Industry Market Future Outlook Global Carbon
Black Industry Market competition For further
reading click on the link below https//www.kenre
search.com/metal-mining-and-chemicals/chemicals/gl
obal-carbon-black/84795-101.html
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/111218-101.html Contact Ken Research Ankur
Gupta, Head Marketing Communications query_at_kenre
search.com 91-124-4230204