[Report Description]
“Carbon black market expected to register CAGR of 4.6% during forecast period”
The carbon black market size is projected to reach USD 13.79 billion by 2021, at a CAGR of 4.6% between 2016 and 2021. Carbon black is a para crystalline form of carbon mainly used as reinforcing filler in tires and other rubber products. Additionally, it is used as black pigment in plastic products, printing inks, paints, and toners. Hence, its demand is expected to rise from tire, rubber, plastic, inks & coatings, construction, metallurgy, resin coloring, and paint industries. Emission of CO2 gas during carbon black production may act as restraint for the carbon black market.
“Furnace black: the dominant type carbon black”
The furnace black segment is projected to witness high growth during the forecast period. This segment accounts for almost 80% of the total carbon black produced. It is produced by oil furnace process and is available in particle sizes ranging from 11nm to 500nm. It is used for various applications ranging from rubber reinforcement to coloring. Growth in furnace black consumption is driven by the growing demand from automobile and tire industries.
“Tire application: the fastest-growing application for carbon black”
The market for carbon black in the tire application segment is projected to register the highest growth during the forecast period. The market in this application is growing due to the increasing demand for reinforcing filler from the tire industry. The use of carbon black as a reinforcing agent has gained significant importance as it improves the life span of tires by conducting heat away from the tread and belt area of tires. Furthermore, carbon black enhances the properties of tires such as handling, fuel mileage, tread wear resistance, abrasion resistance, and hysteresis, thereby, improving the overall performance of tires.
“Asia-Pacific estimated to be the fastest-growing market for carbon black”
Asia-Pacific is estimated to be the fastest-growing market for carbon black. This high growth is owed to the easy availability of feedstock for carbon black production. China is projected to be the fastest-growing market for carbon black in Asia-Pacific, followed by India and Indonesia. China holds the major share of the carbon black market in Asia-Pacific. The expanding tire and rubber industry is driving the carbon black market in this region.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.
The break-up of primary interviews is given below:
• By Company Type - Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
• By Designation - C level – 21%, Director level – 23%, and Others* – 56%
• By Region - North America – 30%, Europe – 18%, Asia-Pacific– 41%, and Others**- 11%
Note: The tiers of the companies are defined on the basis of their total revenue, as of 2015: Tier 1 = >USD 500 million, Tier 2 = USD 100 million to USD 500 million and Tier 3 =
*Others include sales managers, marketing managers, and product managers.
**Others include Latin America and the Middle East & Africa.
The companies profiled in this market research report include Cabot Corporation (U.S.), Birla Carbon/Thai Carbon Black Public Company Limited (Thailand), Orion Engineered Carbons SA (Luxembourg), Phillips Carbon Black Limited (India), Tokai Carbon Co., Ltd. (Japan), Omsk Carbon Group OOO (Russia), Jiangxi Black Cat Carbon Black Inc., Ltd. (China), OCI Company Ltd. (South Korea), China Synthetic Rubber Corporation (China), Sid Richardson Carbon & Energy Co. (U.S.), and Mitsubishi Chemical Corporation (Japan).
Research Coverage:
This research report categorizes the carbon black market on the basis of type, application, grade, and region. The report includes detailed information regarding the major factors influencing the growth of the carbon black market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products & services, key strategies, expansions, acquisitions, new product developments, and recent developments associated with the market.
Reasons to Buy the Report
The report will help market leaders/new entrants in this market in the following ways:
1. This report segments the carbon black market comprehensively and provides the closest approximations of market sizes for the overall market and sub-segments across verticals and regions.
2. The report will help stakeholders understand the pulse of the market and provide them information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders understand the major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, acquisitions, and new product developments.
TABLE OF CONTENTS
1 INTRODUCTION 18
1.1 OBJECTIVES OF THE STUDY 18
1.2 MARKET DEFINITION 18
1.3 STUDY SCOPE 19
1.3.1 MARKETS COVERED 19
1.3.2 YEARS CONSIDERED FOR MARKET SIZE ESTIMATION IN THE REPORT 19
1.4 CURRENCY 20
1.5 UNIT CONSIDERED 20
1.6 STAKEHOLDERS 20
2 RESEARCH METHODOLOGY 21
2.1 RESEARCH DATA 21
2.2 SECONDARY DATA 22
2.2.1 KEY DATA FROM SECONDARY SOURCES 22
2.3 PRIMARY DATA 23
2.3.1 KEY DATA FROM PRIMARY SOURCES 23
2.3.2 BREAKDOWN OF PRIMARY INTERVIEWS 24
2.4 MARKET SIZE ESTIMATION 24
2.5 DATA TRIANGULATION 26
2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS 27
2.6.1 ASSUMPTIONS 27
2.6.2 LIMITATIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 33
4.1 SIGNIFICANT OPPORTUNITIES IN THE CARBON BLACK MARKET 33
4.2 CARBON BLACK MARKET IN ASIA-PACIFIC, BY TYPE AND COUNTRY 34
4.3 CARBON BLACK MARKET SIZE, BY COUNTRY 35
4.4 CARBON BLACK MARKET, BY TYPE 35
4.5 CARBON BLACK MARKET, BY GRADE 36
5 MARKET OVERVIEW 37
5.1 INTRODUCTION 38
5.2 MARKET SEGMENTATION 38
5.2.1 BY TYPE 38
5.2.2 BY APPLICATION 39
5.2.3 BY GRADE 39
5.2.4 BY REGION 39
5.3 MARKET DYNAMICS 40
5.3.1 DRIVERS 41
5.3.1.1 Increasing application in plastics and coating industries 41
5.3.1.2 Growth in global rubber industry likely to drive carbon black demand 41
5.3.2 RESTRAINTS 42
5.3.2.1 Emission of CO2 in carbon black production 42
5.3.3 OPPORTUNITIES 42
5.3.3.1 High demand in Asia-Pacific region 42
5.3.3.2 Increasing requirement for UV protection and conductive properties in plastics 43
5.3.4 CHALLENGES 43
5.3.4.1 Volatility in raw material prices 43
5.3.4.2 Substitution with silica in tires 43
5.3.4.3 Availability of acceptable quality of feedstock 43
5.4 IMPACT ANALYSIS 44
6 INDUSTRY TRENDS 45
6.1 INTRODUCTION 45
6.2 CARBON BLACK MARKET TRENDS, BY REGION 45
6.2.1 U.S.: HUGE IMPACT OF EPA REGULATIONS ON CARBON BLACK 45
6.2.2 EUROPE: SLOW GROWTH IN CARBON BLACK MARKET 46
6.2.3 ASIA-PACIFIC: CARBON BLACK MARKET OPPORTUNITY 46
6.3 SUPPLY CHAIN ANALYSIS 47
6.3.1 RESEARCH & PRODUCT DEVELOPMENT 47
6.3.2 LOGISTICS 47
6.3.3 MANUFACTURING 47
6.3.4 DISTRIBUTION 48
6.3.5 MARKETING & SALES 48
6.4 PORTER’S FIVE FORCES 48
6.4.1 THREAT OF SUBSTITUTES 49
6.4.2 THREAT OF NEW ENTRANTS 49
6.4.3 BARGAINING POWER OF SUPPLIERS 50
6.4.4 BARGAINING POWER OF BUYERS 50
6.4.5 INTENSITY OF COMPETITIVE RIVALRY 51
6.5 MACRO-ECONOMIC INDICATORS 51
6.5.1 GDP GROWTH RATE FORECAST OF MAJOR ECONOMIES IN THE WORLD 51
6.5.2 AUTOMOTIVE INDUSTRY ANALYSIS 52
6.5.3 TIRE INDUSTRY ANALYSIS 53
6.5.4 RUBBER INDUSTRY ANALYSIS 55
6.6 PATENT ANALYSIS 55
7 CARBON BLACK MARKET, BY TYPE 57
7.1 INTRODUCTION 58
7.2 FURNACE BLACK 59
7.3 CHANNEL BLACK 61
7.4 THERMAL BLACK 62
7.5 ACETYLENE BLACK 64
7.6 OTHERS 65
8 CARBON BLACK MARKET, BY APPLICATION 67
8.1 INTRODUCTION 68
8.2 TIRE 69
8.3 NON-TIRE RUBBER 70
8.4 PLASTICS 72
8.5 INKS & COATINGS 73
8.6 OTHERS 75
9 CARBON BLACK MARKET, BY GRADE 78
9.1 INTRODUCTION 79
9.2 STANDARD GRADE 80
9.3 SPECIALTY GRADE 82
10 CARBON BLACK MARKET, BY REGION 85
10.1 INTRODUCTION 86
10.2 ASIA-PACIFIC 87
10.2.1 CHINA 91
10.2.2 INDIA 93
10.2.3 JAPAN 96
10.2.4 INDONESIA 98
10.2.5 MALAYSIA 100
10.2.6 THAILAND 101
10.2.7 REST OF ASIA-PACIFIC 104
10.3 NORTH AMERICA 106
10.3.1 U.S. 110
10.3.2 CANADA 113
10.3.3 MEXICO 115
10.4 EUROPE 117
10.4.1 GERMANY 119
10.4.2 U.K. 121
10.4.3 FRANCE 122
10.4.4 ITALY 124
10.4.5 SPAIN 126
10.4.6 RUSSIA 127
10.4.7 REST OF EUROPE 129
10.5 SOUTH AMERICA 131
10.5.1 BRAZIL 133
10.5.2 ARGENTINA 135
10.5.3 REST OF SOUTH AMERICA 137
10.6 MIDDLE EAST & AFRICA 138
10.6.1 SOUTH AFRICA 141
10.6.2 SAUDI ARABIA 143
10.6.3 REST OF MIDDLE EAST & AFRICA 145
11 COMPETITIVE LANDSCAPE 147
11.1 OVERVIEW 147
11.2 COMPETITIVE SCENARIO AND TRENDS 148
11.3 EXPANSIONS: MOST POPULAR GROWTH STRATEGY BETWEEN 2014 AND 2016 149
11.3.1 EXPANSIONS 150
11.3.2 NEW PRODUCT DEVELOPMENTS 151
11.3.3 ACQUISITIONS 152
11.4 MARKET SHARE ANALYSIS 152
11.4.1 CABOT CORPORATION ACCOUNTED FOR THE LARGEST SHARE IN 2015 153
11.4.2 CAPACITIES OF KEY INDUSTRY PLAYERS 153
12 COMPANY PROFILES 153
(Overview, Financial*, Products & Services, Strategy, and Developments)
12.1 CABOT CORPORATION 154
12.2 THAI CARBON BLACK PUBLIC COMPANY LIMITED (BIRLA CARBON) 159
12.3 ORION ENGINEERED CARBONS S.A. 162
12.4 PHILLIPS CARBON BLACK LIMITED 165
12.5 TOKAI CARBON CO., LTD. 168
12.6 OMSK CARBON GROUP OOO 171
12.7 JIANGXI BLACK CAT CARBON BLACK INC., LTD. 173
12.8 OCI COMPANY LTD. 174
12.9 CHINA SYNTHETIC RUBBER CORPORATION 176
12.10 SID RICHARDSON CARBON & ENERGY CO. 177
12.11 MITSUBISHI CHEMICAL CORPORATION 178
12.12 OTHER KEY MARKET PLAYERS 179
12.12.1 RALSON GOODLUCK CARBON 179
12.12.2 LONGXING CHEMICAL STOCK CO, LTD. 179
12.12.3 HIMADRI CHEMICALS & INDUSTRIES LTD. 179
12.12.4 SHANDONG LION KING CARBON BLACK CO., LTD. 179
12.12.5 NIPPON STEEL & SUMIKIN CHEMICAL CO., LTD. 180
12.12.6 SUZHOU BAOHUA CARBON BLACK CO., LTD. 180
12.12.7 ASAHI CARBON CO., LTD. 180
12.12.8 SHANDONG HUADONG RUBBER MATERIALS CO., LTD. 180
12.12.9 PJSC "KREMENCHUG CARBON BLACK PLANT" 180
*Details might not be captured in case of unlisted companies.
13 APPENDIX 181
13.1 INSIGHTS FROM KEY INDUSTRY EXPERT 181
13.2 DISCUSSION GUIDE 182
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 185
13.4 RT: REAL TIME MARKET INTELLIGENCE 187
13.5 AVAILABLE CUSTOMIZATIONS 188
13.6 RELATED REPORTS 188
13.7 AUTHOR DETAILS 189
