Demand Scenario of Carbon Black Market To Remain Positive Through 2022 – 2031 : Fact.MR

Conventional ways of producing carbon black over the years have been polluting the environment. This can mainly be attributed to the use of traditional furnaces and partially burning of crude oil. Additionally, inability of companies to effectively curb pollution from the production of carbon black has compelled governments to draft stringent policies. For instance, in 2018 three major carbon black producers were imposed with a total fine of US$ 2.5 Mn for not being able to control air pollution coming out of their manufacturing facilities.

Attributed to the above concerns, companies have now started to adopt sustainable practices in their business operations. For instance, Birla Carbon in May 2021, announced the launching of sustainable carbon material CONTINUA with the aim of including circularity in its business.

Similar key trends practiced by manufacturers across the carbon black industry are presented by Fact.MR, a market research and competitive intelligence provider, in its recently launched report.

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Key Segments

  • By Grade
    • Standard Grade Carbon Black
    • Specialty Grade Carbon Black
  • By Production Method
    • Furnace Black
    • Thermal Black
    • Others
  • By Application
    • Carbon Black for Printing Inks
    • Carbon Black for Paints & Coatings
    • Carbon Black for Packaging
    • Carbon Black for Batteries
    • Carbon Black for Plastics
    • Carbon Black for Tires
    • Others

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Report Benefits & Key Questions Answered

  • Carbon Black Company & brand share analysis: The report offers brand-share analysis on Carbon Black market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
  • Carbon Black Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
  • Carbon Black Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
  • Carbon Black Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
  • Carbon Black Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
  • Post COVID consumer spending on Carbon Black: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Carbon Black sales.

Competition landscape

In order to expand their market share, key players have opted for both, organic and in-organic growth strategies such as acquisitions, collaborations, and partnerships. These have been identified as positive strategies that have helped them garner market share over the past half-decade.

Fact.MR has provided detailed information about price points of carbon black from manufacturers positioned across regions, sales growth, production capacity, and speculative production expansion, in the recently published report.

  • Orion Engineered Carbons in July 2021 announced partnership with HiQ-CARB to provide lithium ion batteries, equipped with high performance carbon additives.
  • Cabot Corporation in April 2020 announced completion of acquisition for Shenzen Sanshun New Materials Co. Ltd. This would help company strengthen its market position in China.
  • Focusing on development of renewable carbon black Orion Engineered Carbons in July 2021 partnered with RISE, Sweden. This approach would help company focus on sustainable development of products thus placing it at the centre stage of innovation.

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Key Takeaways from Market Study

  • Rubber carbon black by grade is projected to provide highest absolute $ opportunity during the forecast period.
  • Based on production method, furnace black is projected to rise at a high single-digit CAGR over the next ten years.
  • On the basis of application, consumption of carbon black for tire production is anticipated to expand 2X by 2031.
  • East Asia is projected to capture around 40% global carbon black market share by 2031.
  • South Asia & Oceania to account for around 13% market share by 2031-end.

“Tyre production to remain the forefront of carbon black consumption till 2025 under the likely scenario,” says a Fact.MR analyst.

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