Press Release

Specialty Carbon Black Market to Grow with a CAGR of 8.76% through 2028

Growing demand of specialty carbon black in manufacturing of printing inks and toners is expected to drive the Global Specialty Carbon Black Market growth in the forecast period, 2024-2028.

 

According to TechSci Research report, “Specialty carbon black Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Specialty Carbon Black Market stood at USD2.24 billion in 2022 and is anticipated to grow with a CAGR of 8.76% in the forecast period, 2023-2028. The initiatives taken by government based on specialty carbon black has led to favorable market conditions for the Global Specialty Carbon Black Market. Several factors contribute to the growth of various specialty carbon black products.

Governments across the globe have recognized the importance of controlling air emissions from carbon black manufacturing sites and related industries. To achieve this, they have implemented regulations and standards like the National Emission Standards for Hazardous Air Pollutants (NEHSAP). These proactive initiatives not only aim to reduce environmental pollution but also strive to improve air quality for the well-being of communities.Additionally, governments understand the significance of fostering economic development and supporting industrial growth. In alignment with these goals, they often introduce initiatives that indirectly benefit the specialty carbon black industry. These initiatives aim to enhance competitiveness, reduce import dependence, and create a favorable environment for specialty carbon black manufacturers to thrive. By offering support and opportunities, governments contribute to the sustainable growth of the specialty carbon black sector, which in turn positively impacts the overall economy.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Specialty Carbon Black Market.”

 

Specialty carbon black plays a crucial role in the manufacturing of printing inks and toners. It is highly valued for its superior pigmenting qualities, providing deep black coloration, excellent dispersion, and impressive gloss characteristics. These attributes make it an ideal choice for high-quality printing applications.In the realm of inkjet and laser printers, specialty carbon black is extensively used to produce toners and inks that offer high-resolution printing. Its exceptional conductivity and heat-resistance properties further enhance the overall performance and longevity of these products.The growing demand for high-quality printing solutions, particularly in industries such as publishing, packaging, and advertising, has led to an increased need for specialty carbon black. The rise of digital printing technology has significantly amplified this demand.

Furthermore, the ongoing shift towards eco-friendly and sustainable products in the printing industry has also contributed to the market growth of specialty carbon black. This material is considered a safer and more environmentally friendly alternative to traditional petroleum-based inks.The Global Specialty Carbon Black Market is segmented into type, application, regional distribution, and company.

Based on its type, the others segment held the largest share in the market. The pure specialty carbon black segments accounted for approximately 23.68% of the market share in 2022 and are estimated to grow at a significant compound annual growth rate (CAGR) during the forecast period. This growth is primarily driven by the increasing demand for pure specialty carbon black in various industries such as construction, automotive, and paints & coatings.In the construction industry, pure specialty carbon black is widely used in the production of sealants, adhesives, coatings, umbilicals, rollers, and centralizers. These products play a crucial role in enhancing the durability and performance of construction materials. With the rising investments in infrastructure development and the growing need for sustainable construction practices, the demand for pure specialty carbon black is expected to witness substantial growth.

Similarly, the automotive industry is another major consumer of pure specialty carbon black. It is used in the manufacturing of automotive components such as tires, belts, hoses, and gaskets. The exceptional properties of pure specialty carbon black, including high strength, heat resistance, and abrasion resistance, make it an ideal choice for enhancing the performance and longevity of automotive parts.Moreover, the paints & coatings industry also contributes significantly to the demand for pure specialty carbon black. In 2019, the British Coatings Federation reported a staggering expenditure of US$ 403.92 billion in the United Kingdom on paint, printing inks, and wall coverings. These products find extensive applications in the construction, home improvement, printing, automotive, aerospace, and other advanced manufacturing sectors.

Overall, the market for pure specialty carbon black is poised for substantial growth due to its versatile applications and the increasing demand from various industries. As industries continue to focus on developing high-performance and sustainable products, the role of pure specialty carbon black in driving innovation and meeting market demands will become even more crucial during the forecast period.

Based on region, Asia Pacific segment is expected to grow during the forecast period. The growth of the Specialty Carbon Black market in this region can be attributed to several factors. One of the key drivers is the presence of a manufacturing plant, which allows for cost minimization. Additionally, the region is experiencing a surge in commercial and residential construction projects, particularly in countries like China, South Korea, Japan, and India. According to Global Construction Perspectives and Oxford Economics, the global construction market is projected to reach a staggering US$ 8 trillion by 2030, with China, the US, and India leading the way. Invest India reports that construction activity is expected to grow at a rate of 7.1% each year. Moreover, the increasing demand for Specialty Carbon Black in various industries such as automotive, electronic appliances, and furniture further contributes to the growth of the market in this region during the forecast period.

 

Major companies operating in Global Specialty Carbon Black Market are:

  • Omsk Carbon Group
  • Tokai Carbon Co., Ltd.
  • Atlas Organics Private Limited
  • Continental Carbon Company
  • Birla Carbon India Private Limited
  • Cabot Corporation
  • International China Oak Investment Holdings Co., Ltd.
  • Himadri Speciality Chemical Ltd
  • Phillips Carbon Black Limited
  • Orion Engineered Carbons GmbH

 

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“Growing application of specialty carbon black in various end user industries are key drivers of the specialty carbon black market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of specialty carbon black with every passing year are anticipated to register an impressive growth to Global Specialty Carbon Black Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Specialty carbon black Market By Type (Lamp Black, Acetylene Black, Conductive Black, Others), By Application (Plastics, Printing Inks & Toners, Paints & Coatings, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Specialty Carbon Black Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Specialty Carbon Black Market.


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