Global Carbon Black Market estimated to cross USD 15 billion by 2025

1. Global Carbon Black Market estimated to cross USD 15 billion by 2025 Market Overview: The global carbon black market size was valued at around USD 12.06 billion by revenue in 2019. It is estimated to rise at a CAGR of 4.63% to reach USD 15.12 billion by 2025. Carbon black is pure elemental carbon that is more like fine or aggregate particles which are created by partial combustion or decay of hydrocarbons in controlled temperature and pressure. Furnace black is customarily made with the assistance of heavy aromatic oils as feedstock. Carbon black is employed in a broad diversity of materials to enhance their performance on the basis of physical, electric, and optical properties. Recent Developments and Trends: Cabot China Limited, a wholly-owned subsidiary of Cabot Corporation, has signed an agreement to buy Shenzhen Sanshun Nano New Materials Co., Ltd, a dominating carbon nanotube (CNT) producer in China, for around $115 million in enterprise worth, which includes liabilities and contingent payments. http://investor.cabot-corp.com/node/20751 Market drivers and restraints: Rising call for specialty-grade carbon black for utilization as a pigment in coatings, plastics, and other businesses have encouraged dominating carbon black makers to enhance their production size for specialty–grade carbon black. Variations in prices of raw materials and hazardous gases released into the atmosphere throughout the making of carbon black are some critical restraining factors for the global carbon black market. The external changes of carbon black by other materials like precipitated silica or nano-silica are another constraint of the carbon black market. To know more, click on the link below: https://www.marketdataforecast.com/market-reports/carbon-black-market Report segmented as: By type: •Acetylene •Furnace •Channel •Thermal •Others By pigment source: •Ivory black •Vine black •Lamp black

2. By application: •Tyres •Non-tyre rubber •Inks and coatings •Plastic •Others By grade: •Standard grade •Specialty grade Geographical analysis: On the basis of geography, Asia Pacific had the global market share in the year 2018 and is estimated to be quickest growing market in the projected period, owing to the increasing demand for carbon black in growing industries. Important market players: The key companies operating in the global carbon black market are Cabot Corporation (U.S.), Thai Carbon Black Public Company Limited (Thailand), Orion Engineered Carbons SA (Luxembourg), Jiangxi Black Cat Carbon Black Inc., Ltd. (China), China Synthetic Rubber Corporation (China), Phillips Carbon Black Limited (India), Tokai Carbon Co., Ltd. (Japan), OCI Company Ltd. (South Korea), and Mitsubishi Chemical Corporation (Japan). View a sample and decide: https://www.marketdataforecast.com/market-reports/carbon-black-market/request-sample The Scope of the report: This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors. Apart from the syndicated report, our in-house team has expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions. About Us: Market Data Forecast is a firm working in the areas of market research, business intelligence and consulting. We have rich experience in research and consulting for various business domains to cater to the needs of both individual and corporate clients.

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