Lucintel identifies and prioritizes opportunities for growth in the specialty carbon black market by application and region

According to a new market report published by Lucintel, the future of the specialty carbon black market looks good with opportunities in the plastic and coating applications. The global specialty carbon black market is forecast to grow at a CAGR of 6.7% from 2016 to 2021. The major drivers of growth for this market are increased automotive production and growth in construction industry.

In this market, specialty carbon black is used in plastic, ink, and coating applications. Lucintel forecasts that the plastics segment is expected to remain as the largest market by value and volume consumption supported by growth in demand for UV resistant agriculture films, cable, and pipe applications. On the basis of its comprehensive research, Lucintel predicts that plastics segment is expected to show above average growth during the forecast period.

Asia Pacific is expected to remain the largest market by value and volume due to the higher production of plastics and printing ink.

Asia Pacific and the Rest of the World are expected to witness good growth over the forecast period because of increase in automotive production and growth of industrial, infrastructure, and printing and packaging sectors.

For business expansion, the report suggests innovation and new product development to enhanced jetness properties for coatings application. The report further suggests the development of partnerships with customers to create win-win situations and development of low-cost solutions for the end user.

Emerging trends, which have a direct impact on the dynamics of the industry, include the shift from commodity to more specialize grade specialty carbon black and increasing use of specialty carbon black as pigment in lightweight automotive parts to enhance the conductivity and UV protection properties. Cabot Corporation, Birla Carbon, Orion Engineered Carbons, Omsk Carbon Group and Philips Specialty carbon black are among the major suppliers of the specialty carbon black. Some companies are opting for M&A as a strategic initiative for driving growth.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global specialty carbon black market by application and region and has come up with a comprehensive research report, “Growth Opportunities in the Global Specialty Carbon Black Market 2016-2021: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a spring board for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global specialty carbon black market by application and region as follows:

By application [Volume (M lbs. / Kilotons) and $M shipment analysis for 2010 – 2021]:

• Plastics
• Ink
• Coatings
• Others

By region [Volume (M lbs. / Kilotons) and $M shipment analysis for 2010 – 2021]:

• North America
• Europe
• Asia Pacific
• Rest of World

This 126-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 helpdesk@lucintel.com. Lucintel offerings include Chemical Market Research Reports, Chemical Industry Analysis Report, Strategic Growth Consulting, Commercial Due Diligence Report and Business Strategy Consulting.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This entry was posted in Chemical Reports and tagged , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>