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North America Carbon Black Market

North America Carbon Black Market

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North America Carbon Black Market

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  1. North America Carbon Black Market Revenue to Surpass USD 5.1 Billion by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. According to a recent study from market research firm Graphical Research, the North America carbon black market size is poised to expand at substantial CAGR during the forecast period. Since carbon black has a high colouring power in comparison with other colorants, the demand for this product is expected to rise through 2026 across Asia Pacific. It is used as ink-jet toner, in printing of newspapers, and other such uses. Carbon black also acts as an effective pigment for car fenders, heat-moulded plastics, and coating for electric wires. It also serves as a cost-effective rubber reinforcing agent used in manufacturing tires. In addition, carbon black mixed with rubber is used for dampening earthquake vibrations. The COVID-19 pandemic impacted the overall carbon black market in 2020. However, with the help of supportive government initiatives, Investments in R&D as well as product innovations, the North America carbon black market growth through 2021 to 2026 is certain. The demand for plastics will also continue to rise through the coming years, thereby increasing the overall demand for carbon black. Tire and rubber goods are projected to rise at a CAGR of 6.4% through the forecast period. Carbon black has excellent conductive properties and it is also used as an essential component for semiconductors and magnetic tapes. With the growing product innovations and development, carbon black can be developed with required specified characteristics. The North America carbon black market is likely to benefit from the growing number of R&D initiatives toward sustainable solutions. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Browse detailed statistical insights from the report, “North America Carbon Black Market” along with the table of contents (ToC) @https://bit.ly/3parMvl Get sample copy of this research report @ https://www.graphicalresearch.com/request/1760/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. By end-user segment, carbon black is widely used in manufacturing mechanical rubber goods, tires, plastics, toners, and printing inks, linking the carbon black market segment growth with the performance of a wide range of global tire and rubber products. Graphite manufacturing is also witnessing growing demand from emerging countries such as India and China. North America captured a substantial portion of the carbon black market share of more than USD 3.4 billion in 2020. The strong presence of product end-user industries in the region fuels the demand of carbon black. The market penetration of speciality carbon will attract considerable market growth through 2026. The widespread presence of tire-producing plants in the region will also generate market growth opportunities for carbon black manufacturers. Furnace black is set to capture more than 70% of market share through 2027 among types of carbon black. Furnace black has higher yield compared to other processes for obtaining carbon black. Furnace black process is majorly used for mass production, whereby cost-effectiveness can be achieved. Thermal black held about 10% of market share in 2020 and is projected to rise at a CAGR of 5.5% through 2027. The demand from automotive manufacturing sector has been gaining considerable momentum. For instance, in 2019, 10.8 million cars & trucks where produced in the US and the regional automotive sector generated across USD 560 billion of revenue generation in 2020. Furthermore, the rising sales of electric vehicles (EVs) and luxury cars in North America are fuelling the market revenue growth. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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