October 13, 2022 11:30 ET | Source: TBRC Business Research PVT LTD TBRC Business Research PVT LTD

LONDON, Oct. 13, 2022 (GLOBE NEWSWIRE) -- According to The Business Research Company’s research report on the specialty carbon black market, the increasing demand for plastics and coatings is expected to propel the growth of the specialty carbon black market going forward. Plastic refers to a group of materials that are either natural or synthetic, and coating refers to a layer of a particular substance that covers a surface. Specialty carbon black is used as an insulating agent in a variety of rubber, plastic, ink, and coating applications, this helps to strengthen the tires of vehicles. For instance, in June 2021, according to European Coatings, a European magazine, there was a strong increase in global demand for paints and coatings. The demand increased from 14% in the first quarter of the year 2021 to 22% in the second quarter. The strongest surge in demand was observed in India and China. Therefore, the increasing demand for plastics and coatings is driving the specialty carbon black market growth.

Request for a sample of the global specialty carbon black market report

The global specialty carbon black market size is expected to grow from $2.40 billion in 2021 to $2.65 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The global specialty carbon black market size is expected to grow to $3.92 billion in 2026 at a compound annual growth rate (CAGR) of 10.2%.

Rising investments are a key trend gaining popularity in the specialty carbon black market. Major companies operating in the specialty carbon black market are investing huge amounts to sustain their position in the specialty carbon black market. For instance, in August 2021, Phillips Carbon Black Ltd, an India-based manufacturer of specialty carbon black, announced an investment of INR 300 million to ramp up the capacity in Mundra for specialty carbon black. The company will also invest INR 100 million in research and development facilities in Belgium and India.

Major players in the specialty carbon black market are Cabot Corporation, Birla Carbon, Continental Carbon, Omsk Carbon Group, Orion Engineered Carbons, Phillips Carbon Black Limited, Himadri Speciality Chemical Limited, Imerys Graphite & Carbon Switzerland SA, Black Bear Carbon B.V., Asia Carbon Industries Inc., Lion Specialty Chemicals Co Ltd., Asbury Carbons, Zaozhuang Xinyuan Chemical Industry Co. Ltd., and Asia Carbon Industries Inc.

The global specialty carbon black market analysis is segmented by form into granules, powder; by grade into conductive carbon black, fiber carbon black, food contact carbon black; by process type into furnace black, gas black, lamp black, thermal black; by function into color, UV protection, conductive, others functions; by application into plastics, battery electrodes, paints and coatings, inks and toners, rubber, others applications.

Asia-Pacific was the largest region in the specialty carbon black market in 2021. Asia-Pacific is expected to be the fastest-growing region in the global specialty carbon black market forecast period. The regions covered in the global specialty carbon black market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Specialty Carbon Black Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provide specialty carbon black market overviews, specialty carbon black market analyze and forecast market size and growth for the whole market, specialty carbon black market segments and geographies, specialty carbon black market trends, specialty carbon black market drivers, specialty carbon black market restraints, specialty carbon black market leading competitors’ revenues, profiles and market shares in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.

The report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Not the market you are looking for? Check out some similar market intelligence reports:

OTR Tyre Global Market Report 2022 – By Type (Radial Tires, Bias Tires, Solid Tires), By Process (Pre-Cure, Mold Cure), By Vehicle Type (Loaders, Dump Truck, Graders, Cranes, Dumpers, Tractors, Forklifts), By Sales Channel (Original Equipment Manufacturer, Aftermarket), By End-User (Construction And Mining, Industrial, Agricultural, Other End Users) – Market Size, Trends, And Global Forecast 2022-2026

Plastic Material And Resins Global Market Report 2022 – By Type (Polypropylene-Plastic Material And Resins, High-Density Polyethylene, Poly-Vinyl Chloride, Polyethylene Terephthalate, Polyurethane, Low-Density Polyethylene, Polystyrene-Plastic Material And Resins, Other Plastic Material And Resins), By Application (Packaging, Housewares, Bags, Sheets, Bottles, Fibers, Tapes, Films, Medical Materials, Other Applications), By End-User Industry (Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Other End-User Industries) – Market Size, Trends, And Global Forecast 2022-2026

Powder Coatings Global Market Report 2022 – By Type (Thermoset, Thermoplastic), By Coating Method (Electrostatic Spray, Fluidized Bed), By End-User Application (Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, Other End-User Applications) – Market Size, Trends, And Global Forecast 2022-2026

Interested to know more about The Business Research Company?

The Business Research Company is a market intelligence firm that excels in company, market, and consumer research. Located globally it has specialist consultants in a wide range of industries including manufacturing, healthcare, financial services, chemicals, and technology.

The World’s Most Comprehensive Database

The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps.