Carbon Black Market 2019 | Potential Growth, Size & Share, Demand and Analysis of Key Players- Forecasts To 2023

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Carbon Black Market Research Report - Forecast to
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Carbon Black Market Research Report- Forecast to
2023
Carbon Black Market - Overview
Global sales of Carbon Black have witnessed
higher growth as the demand for tire and rubber
manufacturing continues to reach new heights in
major emerging markets across the globe.
According to the study conducted by Market
Research Future (MRFR), the Global Carbon Black
Market is set to expand at a robust CAGR of 4.59
over the forecast period (2017-2023). The demand
for the product in advanced economies has been
observed to reach a maturity level. The countries
such as China, India, South Korea, and Brazil
have emerged as the new growth avenues for major
industry players. The substantial boost to
construction activities in recent years,
particularly in Asia Pacific, Latin America, and
the Middle East is expected to fuel the growth of
the market during the years to follow. The
protuberant factor favoring the growth of the
Global Carbon Black Market is the surging the use
of Carbon Black in tire manufacturing and rubber
reinforcement. Additionally, widening application
scope for Carbon Black in rapidly emerging
industries such as plastics and paints coatings
is likely to propel the market growth. Moreover,
the increased demand in major end-use industries
such as automotive and aerospace is anticipated
to fuel demand for the product during the
forecast period. However, the major bottleneck in
the growth trajectory of the market is that the
market is challenged with the changing
regulations resulting in replacement of Carbon
Black with silica as a reinforcing agent in tire
manufacturing. Nevertheless, bolstering
automotive aftermarket construction sector in
emerging economies is posing as an important
opportunity for further growth of the market.
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Carbon Black Market Research Report- Forecast to
2023
Segmentation
MRFRs report offers a detailed segmental
analysis of the market based on Process Type,
Function, End-Use, and Region. By Process Type,
the market is segregated into furnace black,
channel black, thermal black, acetylene black,
and others. Among them, the furnace black segment
dominated the market with 81.14 share of the
market and is projected to retain its dominance
throughout the review period. By Function, the
market is divided into reinforcement and
pigments. In 2017, the reinforcement segment was
valued at USD 11,329.3 million and is projected
to maintain a healthy growth rate during the
forecast period. By End-Use, the market is
bifurcated into tire, non-tire, paints
coatings, inks, plastics, and others. The tire
segment, among them, is estimated to remain
dominant towards the end of the assessment
period. Read Comprehensive Overview of Report _at_
https//www.marketresearchfuture.com/reports/carbo
n-black-market-4701
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Carbon Black Market Research Report- Forecast to
2023
Regional Outlook
On the basis of Region, the global market has
been segmented into North America, Europe, Asia
Pacific, the Middle East Africa, and Latin
America. Asia Pacific accounted for the largest
market share in 2017, and the region is most
likely to remain dominant during the years to
follow. This is due to the high demand for the
product from leading end-use industries such as
tire making, rubber, plastics, and ink in this
region. Moreover, changing lifestyle, rising
standards of living, and increasing disposable
income have enhanced dynamism of major emerging
economies in this region such as India, South
Korea, China, and ASEAN countries. North America
and Europe are expected to be other substantial
growth pockets in the global Carbon Black Market
during the assessment period. Both the regions
collectively account for over 35 share of the
global market. The Middle East Africa and Latin
America are also important regions in this
market, which are growing at moderate CAGR and
are expected to gain momentum during the forecast
period.
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Carbon Black Market Research Report- Forecast to
2023
Major Players in this Research

• Carbon Black Market Prominent Players
• Mitsubishi Chemical Corporation
• Cabot Corporation
• OCI COMPANY Ltd.
• Orion Engineered Carbons
• Phillips Carbon Black Ltd.
• Tokai Carbon Co., Ltd.
• Longxing Chemical
• JINNENG
• Himadri Speciality Chemical Ltd.
• ChemChina
• Sid Richardson Carbon and Energy Co. Ltd.
• Kremenchug Carbon Black Plant
• Shandong Huadong Rubber Materials Co., Ltd.,

Get In-Depth Sample Report _at_ https//www.marketres
earchfuture.com/sample_request/4701
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