Specialty Carbon Black Market Research Report - Global Forecast till 2030

Specialty Carbon Black Market Research Report: Information by Grade (Conductive Grade, Food Grade and others), Application (Plastics, Masterbatch, Printing Inks, Paints & Coatings, Adhesives & Sealants, Batteries and others), End-Use Industry (Automotive, Electrical & Electronics, Packaging, Building & Construction and others) and Region (North America, Europe, Asia-Pacific, South America and the Middle East & Africa) - Forecast till 2030

ID: MRFR/CnM/6698-CR | March 2020 | Region: Global | 208 pages         

Specialty Carbon Black Market

Specialty Carbon Black Market is expected to surpass the market value of over USD 17,027.2 million by the year 2027.

Segmentation

By Grade Conductive Grade Food Grade others
By Application Plastics Masterbatch Printing Inks Paints & Coatings Adhesives & Sealants Batteries others
By End-Use Industry Automotive Electrical & Electronics Packaging Building & Construction others

Key Players

  • Cabot Corporation
  • Imerys
  • Mitsubishi Chemical Corporation
  • Denka Company Limited
  • Phillips Carbon Black Limited
  • Tokai Carbon Co.
  • Ltd.
  • Lion Specialty Chemicals Co.
  • Ltd.
  • Birla Carbon
  • Ampacet Corporation
  • Himadri Specialty Chemical Ltd.
  • Continental Carbon
  • Orion Engineered Carbons
  • Asbury Carbons
  • Pyrolex AG
  • Black Bear Carbon B.V.

Drivers

  • The significantly growing demand for printing inks in the packaging industry is fueling the demand for specialty carbon black
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Specialty Carbon Black Market overview:


 


Specialty Carbon Black Market is expected to surpass the market value of over USD 17,027.2 million by the year 2027.


 


The specialty carbon black is the refined form of carbon that is obtained from burnt hydrocarbons. The potential characteristics such as thermal stability, high opacity, and resistance against acids, alkaline, and black organic dyes are considered as the major drivers of specialty carbon black market growth. They come in various forms and thus are used for various applications from varied end-user industries. The medium-sized granules are utilized by the paper industry as photoprotective products and as decorative elements. On the other hand, they are used in the construction industry as well. However, the automotive industry and the manufacturing industries are considered as the primary end-user industries of the specialty carbon black industry. 


 


The growing population and urbanization have stimulated the overall growth of the specialty carbon black market growth. For instance, countries like India and China have proposed plans to develop their infrastructure and construction which has significantly stimulated the overall growth of the specialty carbon black industry. 


 


COVID 19 Analysis:


 


COVID 19 pandemic has created major distress for several industrial verticals and has affected the business processes and production units of several industries. Therefore the potential end-users of specialty carbon black such as automotive, plastics, construction, paints, and coatings industry were significantly affected and the production and manufacturing processes have reduced during the pandemic. 


 


On the other hand, the consumers were growing inclined towards the fuel-efficient and light-weight vehicles that were considered as the intensive users of specialty carbon black. Therefore the specialty carbon market was witnessing a mixture of growth during the pandemic.


Global Specialty Carbon Black Market Revenue, by Application, 2018 (USD Million) Specialty Carbon Black Market


Sources: MRFR Analysis


Market dynamics:


 


Market drivers:


 


The potential characteristics of specialty carbon black such as UV protection, conductivity in plastics, aesthetical values, and higher performance in carbon additive batteries used in the electric vehicles are considered as the major drivers of specialty carbon black market growth. 


 


In the automotive industry, the utilization of the specialty carbon black is in electric and hybrid electric vehicles. The developed countries are adopting electric vehicles in recent times. These electric vehicles that are operated in lithium-ion battery technology utilize high-performance carbon additives as battery electrodes. This factor is considered as the major market driver of specialty carbon black market growth.


 


Market opportunities:


 


The specialty carbon black market was highly influenced by the multi-national and single country-based products, the increasing investments from these sectors and the key market players such as Cabot Corporation, Orion Engineered Carbons, and significant others were building their production plants to reduce the expenses have presented favorable conditions for the overall growth of specialty carbon black industry during the forecast period.


 


The growing demand for lightweight and fuel-efficient cars among potential consumers across the globe, especially across the developed countries are presenting lucrative opportunities for the overall growth of the specialty carbon black industry during the forecast period. Similarly, the demand for automotive products such as hoses, belts, tires, and significant others are expected to project the specialty carbon black market growth during the forecast period.


 


Market restraints: 


 


The government of the developed countries were proposing regulations and updating their existing regulations that are against the usage of specialty carbon and the rising awareness of environmental concerns because using the specialty carbon black across the globe are also considered as the major restraints of specialty carbon black market growth. For instance, the production processes of the specialty carbon black emit harmful emissions such as Carbon monoxide, nitrogen oxide, sulfur compounds, and other trace elements. Therefore the government of several countries is imposing stringent regulations over the production of specialty carbon black.


 


The health-related hazards which include, lungs, eyes, and other vital organs getting irritated due to inhaling the specialty carbon black particles during the production or the processing stages are considered as the major restraints of specialty carbon black market growth.


 


Market challenges:


 


The fluctuation in the price of crude oil is considered as the major market restraint of the specialty carbon black industry. As the raw materials are obtained from the crude oil, the prices and the production processes of the crude oil affect the growth of the specialty carbon black industry. Moreover, the regulations imposed by the government and the manufacturers complying with the regulations make the production processes slow down and affect the production rates as well. Such factors are considered as the major challenge for specialty carbon black market growth.


 


There is no development or technology to recover the waste generated by burning the tires or the products manufactured using the specialty carbon black. For instance, there has been technology to reduce the carbon waste generated by burning the old tires or dumping the old tires that were manufactured using the specialty carbon black. This factor is considered as the major challenge for the overall growth of specialty carbon black as it is considered as the major loss for the industry.


 


Cumulative growth analysis:


 


The specialty carbon black market size is growing with a CAGR of 4.5 % during the forecast period, where the market value was at USD 12639.2 million in the year 2019 and it is expected to surpass the market value of over USD 17,027.2 million by the year 2027. The market value is increasing at a rapid pace due to potential characteristics such as efficient absorption of UV radiation, converting UV radiation to heat, tread wear and rolling resistance, supreme thermal conductivity, UV protection, and many others. Therefore the demand for the specialty carbon black is rapidly increasing across varied applications. The potential end-user industries such as consumer electronics, automotive industries, and plastic products for the electronics are some of the prominent end-user industries that are driving the specialty carbon black market growth in recent years.


 


However, the decline in some of the manufacturing industries and the interruption in large-scale production, and disruption in the supply of raw materials due to the pandemic have significantly affected the overall growth of the specialty carbon black industry. The sharp demand shock in the automotive industry has reduced the growth of the specialty carbon black industry. However, the government aid and investment from the potential industries are expected to boost the specialty carbon black market growth during the forecast period.


 


Value chain analysis:


 


The adverse effects created during the production of the specialty carbon black propelled the government of several countries to impose stringent regulations upon the production of the specialty carbon black. The wastage generated at the end of the utilization of the end-products produced from the specialty carbon black cannot be eliminated and this has further caused a challenge for the growth of the specialty carbon black industry. 


 


On the other side, they are highly preferred because of specific characteristics such as electric conductivity, UV protection, dispersion, pigmentation, viscosity control, and many others. The manufacturers and key market players are also investing more for the growth of the specialty carbon black industry and the government is also trying hard to bring in the pace across the industries and bringing in automated machines to enhance productivity. Such factors are presenting favorable conditions for the growth of the specialty carbon black industry during the forecast period. The manufacturers are also handling strategies to reduce the shipping costs and other costs while purchasing carbon black. The granule form is exhibiting higher demand as they can be shipped at lower costs and ground into powder when the application demands. 


 


Segment overview:


 


Based on the form:


 



  • Granules

  • Powder

  • Others


 


Based on Application:


 



  • Plastics

  • Wires and cables

  • Battery electrode

  • Paints and coatings

  • Inks and toners

  • Others


 


Based on the process:


 



  • Furnace black

  • Channel

  • Acetylene black

  • Lampblack


Global Specialty Carbon Black Market Share, by Region, 2018 (%) Specialty Carbon Black Market


Sources: MRFR Analysis


Regional analysis:


 


The specialty carbon black market value across the Asia-pacific region was at USD 7094.5 million in the year 2019 and it is expected to have a healthy growth during the forecast period. This growth across the Asia-pacific region is due to the presence of potential producers across the region. For instance, China is considered as one of the largest consumers and producers of specialty carbon black and they also have several industries across the region utilizing the specialty carbon black in crucial applications. Such factors are propelling Asia-pacific to become the largest specialty carbon black market share among the other potential regions.


 


On the other hand, North America is also witnessing higher growth in the specialty carbon black industry. This is due to the increasing utilization of the specialty inks and coatings for the major applications and the growing automotive industry across the region also facilitates the demand for automotive products such as air springs, vibration isolation, tires, and inner-liners for the vehicles, treads, sidewalls, and many others. Therefore the increasing product demand of these automotive parts is projecting the specialty carbon black market growth across North America and other developed regions as well.


 


Competitive landscape:


 



  • Cabot Corporation 

  • Imerys

  • Mitsubishi Chemical Corporation

  • Denka Company Limited

  • Phillips Carbon Black Limited

  • Tokai Carbon Co., Ltd.

  • Lion Specialty Chemicals Co., Ltd.

  • Birla Carbon

  • Ampacet Corporation

  • Himadri Specialty Chemical Ltd.

  • Continental Carbon

  • Orion Engineered Carbons

  • Asbury Carbons

  • Pyrolex AG

  • Black Bear Carbon B.V.


 


Recent developments:


 


In the year 2021, one of the leading market players, Birla Carbon has joined hands with Circtec and they announced their partnership and their vision towards manufacturing the materials for the tires, mechanical rubber goods, and supply to the plastic industries. This acquisition is expected to increase the specialty carbon market value during the forecast period.


 


In the year 2021, one of the leading market players, Birla Carbon has introduced a sustainable carbonaceous material that is suitable for several applications while not disturbing the environment or the ecosystem. The material is named CONTINUA and is considered one of the cleanest and greenest carbon materials as it has significantly reduced the carbon footprint.


 


Report overview:


 


 This report has covered:


 



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments


 


Segmentation Table:


 


Based on the form:


 



  • Granules

  • Powder

  • Others


 


Based on Application:


 



  • Plastics

  • Wires and cables

  • Battery electrode

  • Paints and coatings

  • Inks and toners

  • Others


 


Based on the process:


 



  • Furnace black

  • Channel

  • Acetylene black

  • Lampblack



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   5.28% (2022–2030)
  Base Year   2021
  Forecast Period   2022–2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Grade, Application and End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Cabot Corporation (US), Orion Engineered Carbons SA (Luxembourg), Birla Carbon (Thailand), Himadri Speciality Chemical Ltd (India), Mitsubishi Chemical Corporation (Japan), Phillips Carbon Black Limited (India), Continental Carbon Company (US), DyStar Singapore Pte Ltd (Singapore), Imerys Graphite & Carbon (Switzerland), and Omsk Carbon Group (China).
  Key Market Opportunities   The polymer manufactured using specialty carbon black is used in wires & cables, electronics, conductive packaging, film and sheet, fibers, moldings, and pipes.
  Key Market Drivers   The significantly growing demand for printing inks in the packaging industry is fueling the demand for specialty carbon black


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Frequently Asked Questions (FAQ) :

The specialty carbon black market size is growing with a CAGR of 4.5 % during the forecast period, where the market value was at USD 12639.2 million in the year 2019 and it is expected to surpass the market value of over USD 17,027.2 million by the year 2027.

Global Specialty Carbon Black Market is predicted to touch USD 25.02 billion by 2024.

The Asia Pacific is expected to dominate the Specialty Carbon Black Market.

• Furnace black • Channel • Acetylene black • Lampblack

• Plastics • Wires and cables • Battery electrode • Paints and coatings • Inks and toners • Others

• Cabot Corporation • Imerys • Mitsubishi Chemical Corporation • Denka Company Limited • Phillips Carbon Black Limited • Tokai Carbon Co., Ltd. • Lion Specialty Chemicals Co., Ltd. • Birla Carbon • Ampacet Corporation