Carbon Black Market 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
The Global Carbon Black Market has been
witnessing significant growth year after year.
The market is predominantly driven by the vast
consumption in major end-use industries such as
tire, paints coatings, and plastics. Moreover,
rising usage of Carbon Black in tire
manufacturing and widening application scope of
carbon black in plastics and paints coatings
applications escalate the market on the global
platform. According to Market Research Future
(MRFR), the Carbon Black Market is poised to
touch a valuation of USD 17.23 BN by the end of
2023. In its recently published analysis, MRFR
also asserts that the market would register a
CAGR over 4.59 throughout the review period
(2017 2023). Increased demand from the
burgeoning end-use industries such as automotive
and aerospace is a key driving force behind the
growth of the market. The tire manufacturing
sector is one of the largest end-users of Carbon
Black. The tire market has been witnessing an
increasing production over the last few years,
which defines the growing market landscape.
Additionally, increasing investments in the tire
rubber making industry and substantial growth
in the automotive and construction sectors
substantiate the growth of the market. On the
other hand, changing regulations are posing
challenges to the growth of the market, reducing
usages and Carbon Black and increasing silica
instead as a reinforcing agent in tire
manufacturing. However, bolstering automotive
aftermarket and construction sector in emerging
economies would support the market growth,
offering several growth opportunities.
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Carbon Black Market Research Report- Forecast to
2023
Segmental Analysis
The report is segmented into four market
dynamics to widen the scope of understanding, By
Process Type Channel Black, Furnace Black,
Thermal Black, and Acetylene Black, among
others. By End-use Tire, Non-tire, Paints
Coatings, Inks, and Plastics, among others. By
Function Reinforcement and Pigments, among
others. By Regions Asia Pacific, North America,
Europe, and the Rest-of-the-World. View Full
Press Release _at_ https//www.marketresearchfuture.c
om/reports/carbon-black-market-4701

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Carbon Black Market Research Report- Forecast to
2023
Regional Outlook
The Asia Pacific region leads the Global Carbon
Black Market with the largest market share. This
region is estimated to retain its dominance
throughout the forecast period, reaching USD
9,242.0 MN by the end of 2023. The market is
majorly driven by the rapid urbanization,
industrialization, and robust growth in the key
end-user industries that promote high penetration
of the Carbon Black. Countries such as India,
China, South Korea, and Japan account for the
major contributors to the regional market growth
due to their substantially large tire markets.
Policymakers in major economies such as China,
India, South Korea, and ASEAN countries are
investing hugely to improve their residential and
commercial infrastructure, which, in turn, impact
the growth of the regional market. The Carbon
Black Market in the North American region takes
the second lead, following the APAC market
closely. Heading with its expanding automotive
sector, the region is expected to create a
substantial revenue pocket. Moreover, factors
such as the high consumption potential,
increasing production capacities, and the
well-developed economy are positively affecting
the growth of the regional market. Strict
regulatory framework, high technology adoption
rate, and spurting growth in paints coatings
application are factors fostering the market
growth in the region. The US and Canada are among
major contributors in the regional market growth
and are expected to witness tremendous growth
during the review period. The European Carbon
Black Market has emerged as a profitable market
globally. The increasing expenditure in
innovation and growing purchasing power of
consumers led by the resurging economy in the
region is predicted to increase the demand for
carbon black. Germany heading with its massive
automotive production dominates the regional
market.
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Carbon Black Market Research Report- Forecast to
2023
Major Players in this Research

• Carbon Black Market Prominent Players
• Orion Engineered Carbons
• Phillips Carbon Black Ltd.
• Tokai Carbon Co., Ltd.
• Himadri Speciality Chemical Ltd.
• Sid Richardson Carbon and Energy Co. Ltd.
• Kremenchug Carbon Black Plant
• Shandong Huadong Rubber Materials Co., Ltd.
• NIPPON STEEL SUMIKIN CHEMICAL CO., LTD.
• Shijiazhuang Xinxing Chemical Carbon Co. Ltd.
• Hebei Daguangming Juwuba Carbon Black Co. Ltd.
• Suzhou Baohua Carbon Black Co., Ltd.
• Jiangxi Black Cat Carbon Black Inc., Ltd.

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