Published on : Dec 20, 2018
Albany, New York, December 20, 2018: The carbon black market is expected to witness substantial progress owing to its usability as a filler component in rubber based products such as tires. The compound is also widely used in plastics, ink, and paint industries owing to its black pigment. Rising end-user applications are expected to uptick growth in carbon black market in foreseeable future. However, emergence of silica as a potent substitute is likely to deter growth of carbon black market in coming years. Such vital market highlights are extracts from Market Research Hub’s (MRH) recent report addition titled, ‘Carbon Black Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026’ included in its fast expanding database.
Leading Vendors Keen on Curbing Hazardous Implications of Carbon Black Production
Surged demands for high-end carbon black amongst end-user applications has encouraged leading vendors to elevate their production capabilities to suffice demand upsurge, besides ensuring superlative quality. Additionally, manufacturers are also akin on curbing hazardous implications associated with silica production, thus conforming to stringent stipulation as well as transitioning end-user expectations.
Further, to strengthen their footing, leading market players are also investing substantially towards strategic acquisitions and coalitions. In this light, Orion Engineered Carbons S.A. a global provider of carbon black has recently inked an acquisition deal of Société du Noir d'Acétylène de l'Aubette, SAS, a noted carbon black manufacturer. The development is expected to unwind novel growth avenues in carbon black market besides positioning Orion Engineered Carbons lucratively on the growth curve of carbon black market.
Tire Manufacturing End-Use Segment to Anchor Revenue Maximization through the Forecast Tenure
This report on carbon black market aims to offer a detailed overview of market spectrum, highlighting key factors and segments that define growth scope of carbon black market. The report commences with an executive summary following by market scope, inclusive of detailed account of micro and macro economic factors that maneuver growth in carbon black market. To offer readers with ample competitive advantage, the report also segregates the market into several segments such as grade and end-user industry, thus allowing readers to decipher key insights. Based on grade, carbon black market is diversified into reinforced grade, semi-reinforced grade, and specialty grade. In terms of end-user industry carbon black market is stratified into tire manufacturing, non-tire rubber goods, plastics, paints and coatings, and inks and pigments amongst others.
Asia-Pacific Estimated to Remain Lucrative through the Forecast Span
Further in the course of the report, readers are also enlightened about regional diversification of carbon black market based on which North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa are accounted as major regional fringes.
Competition Spectrum: Carbon Black Market
In the concluding sections, readers are provided with a holistic overview of competition spectrum highlighting key players, their growth strategies, recent developments as well as market share. The report also benchmarks key players in carbon black market, some of them include, Orion Engineered Carbons, Cabot Corporation, Aditya Birla Group, Phillips Carbon Black Limited, and Pyrolyx AG amongst several others.
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