June 20, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Specialty Carbon Black Market.
It was estimated prior to this unanticipated outbreak that the Specialty Carbon Black Market is likely to witness an impressive CAGR of 8.1% during the forecast period. Growing demand for plastics, paints, and coatings in building and construction, packaging and automotive industries are the major factors driving the demand for specialty carbon black in the global market.
Market Scope & Segmentation
Specialty Carbon Back is the purest carbon black form that has a lower amount of metals, Sulphur, ashes, or any other impurities. Furnace black, lampblack, acetylene black, and thermal black are some of the processes through which this particular carbon black form is processed and obtained.
Specialty Carbon Black is featured to offer protection against conductivity, UV protection, and other factors. It is used mainly in a number of areas such as plastics, printing inks, coatings, and toners.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the application type, the specialty carbon black market has been segmented as plastic, ink, coating, and others. The plastic application segment dominated the specialty carbon black market and is expected to remain the major one during the forecast period as well. Further, it is also expected to register the highest growth during the forecast period.
Based on the end-use industry type, the market is segmented as transportation, industrial, building & construction, printing & packaging, and others. The printing & packaging industry led the demand for specialty carbon black and is expected to remain dominant during the forecast period, owing to substantial demand from household products, food & beverages, and pharmaceutical sectors.
In terms of regions, Asia-Pacific is expected to remain the largest market for specialty carbon black during the forecast period. Significant economic development in the region along with the rising disposable income has led to expanding end-use industries, such as building and construction, automotive, food & beverage, personal care, and healthcare. All these factors are contributing towards the dominance of Asia-Pacific in the global specialty carbon black market.
Key players operating in the global Specialty Carbon Black market are-
- Birla Carbon
- Orion Engineered Carbons S.A.
- Cabot Corporation
- Omsk Carbon Group
- Philips Carbon Black Limited
- China Synthetic Rubber Corporation
- Tokai Carbon CB, Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Specialty Carbon Black analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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