According to a new market report published by Lucintel, the future of the specialty carbon black market looks attractive with opportunities in the printing and packaging, building & construction, transportation, and industrial sectors. The global specialty carbon black market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $3 billion by 2025 with a CAGR of 5% to 7% from 2020 to 2025. The major drivers of growth for this market are increasing demand for plastic and coating in the building and construction, packaging, and automotive industries.
In this market, specialty carbon black is used as pigment and performance additive for plastic, ink and coating applications. The plastic segment is expected to remain the largest application, and will witness the highest growth over the forecast period with growth in packaging, plastic pipe, film, and wire & cable.
Browse 64 market data Tables and 115 Figures spread through 198 Pages and in-depth TOC on "Specialty Carbon Black Market" To download report brochure, please go to www.lucintel.com/specialty-carbon-black-market-2020.aspx and click "report brochure" tab from the menu .
Within the specialty carbon black market, printing and packaging will remain the largest end use industries, and they are expected to witness highest growth during the forecast period supported by increasing demand in the food and beverages, household products, personal care, and pharmaceuticals sectors.
Asia Pacific is expected to be the largest region by value and volume and will experience the highest growth over the forecast period supported by growth in plastic, ink, and coating demand in emerging countries, such as China and India.
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Emerging trends, which have a direct impact on the dynamics of the industry, include the shifting focus of carbon black suppliers from commodity to specialty grade and increasing use of specialty carbon black as pigment in lightweight automotive parts. Orion Engineered Carbons Holdings, Birla Carbon, Cabot Corporation, China Synthetic Rubber (CSR), OMSK Carbon Group, Tokai Carbon, Continental Carbon, and Sid Richardson Carbon & Energy are among the major specialty carbon black providers.
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The study includes a forecast for the global specialty carbon black by application, attributes, and region as follows:
By Application [Kilotons and $M shipment analysis from 2014 to 2025]:
Plastic
Films
Blow and Injection Molding
Pipes
Wire & Cable
Fiber
Others
Ink
Toners
Printing Ink
Others
Coating
Industrial
Automotive
Others
Others
By End Use Industry [Kilotons and $M shipment analysis from 2014 to 2025]:
Printing and Packaging
Building and Construction
Transportation
Industrial
Others
By Function [Kilotons and $M shipment analysis from 2014 to 2025]:
Color
UV Protection
Conductive
Others
By Region [Kilotons and $M shipment analysis for 2014 – 2025]:
North America
Europe
Asia Pacific
The Rest of the World
This 198-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/specialty-carbon-black-market-2020.aspx or helpdesk@lucintel.com
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