Market Analysis
The global specialty carbon black market is likely to touch USD 2.3 billion at a 5.3% CAGR between 2022- 2030, according to the recent Market Research Future (MRFR) report. Specialty carbon black, simply put, is a pure form of carbon black that has low content of metals, sulfur, ash, and other impurities. It has excellent UV protection and conductive properties and provides pigmentation. Owing to its alluring features and key benefits specialty black market has wide applications in foaming reagents, adhesives and sealants, batteries, masterbatches, paints and coatings, printing inks, plastics, and others.
Various factors are adding to the global Specialty Carbon Black Market growth. These factors, as stated by the MRFR report, include demand for printing inks in packaging industries for its excellent pigmenting property, used for imparting functionalities like conductive characteristics and UV protection to polymers, increasing adoption of hybrid and electric vehicles, and expanding construction industry both in developed and emerging economies. Additional factors adding the market growth include growing electrical electronics industry, rapid technological advancements, increasing use to manufacture paints and coatings, polymers, and burgeoning demand for printing inks in different end use industries.
On the contrary, high carbon dioxide emission in the production of carbon black may limit the specialty carbon black market growth.
Regional Analysis
Based on the region, the global specialty carbon black market covers the recent trends and growth opportunities across the Americas, Europe, the Asia Pacific (APAC), Latin America the Middle East Africa (MEA). Of these, the APAC region will have the lions share in the market for the rapidly growing building and construction, packaging, and automotive industries across India China.
The specialty carbon black North America and Europe is predicted to have healthy growth during the forecast period for the burgeoning demand for conductive ink from the electronics industry.
The specialty carbon black market in Latin America and the MEA will have the smallest share over the forecast period but is likely to have a healthy growth for the growing building construction and automotive industry in this region.
Market Segmentation
By grade, the global specialty carbon black market is segmented into food-grade, conductive grade, and others. Of these, the conductive grade segment will lead the market over the forecast period for its increasing demand from packaging and electronics applications and technological advances in the paints and coatings, electronics, and energy industries.
By application, the specialty carbon black market is segmented into batteries, adhesives and sealants, paints and coatings, printing inks, masterbatch, plastics, and others. Of these, the plastics segment will dominate the market over the forecast period, followed by the masterbatch segment.
By end use industry, the specialty carbon black market is segmented into building and construction, packaging, electrical and electronics, automotive, and others. Of these, the automotive segment will have a major share in the market over the forecast period for the increasing automotive production.
Key Players
Key players profiled in the specialty carbon black market report include Omsk Carbon Group (China), Imerys Graphite Carbon (Switzerland), DyStar Singapore Pte Ltd (Singapore), Continental Carbon Company (US), Phillips Carbon Black Limited (India), Mitsubishi Chemical Corporation (Japan), Himadri Speciality Chemical Ltd (India), Birla Carbon (Thailand), Orion Engineered Carbons SA (Luxembourg), and Cabot Corporation (US). Industry players have encompassed several strategies to create a niche in the market and cater to consumers growing needs such as joint ventures and collaborations, mergers and acquisitions, partnerships, strategic alliances, geographic expansions, new product launch, and others.
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