iCrowd Newswire
24 Nov 2022, 10:02 GMT+10
Carbon Black Market: Introduction
Transparency Market Research delivers key insights on the global carbon black market. In terms of revenue, the global carbon black market is estimated to expand at a CAGR of 4.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global carbon black market.
The global carbon black market is broadly affected by several factors, including rise in usage of carbon black in the tire industry. Rise in demand for carbon black in the automobile industry is propelling the global carbon black market.
Get PDF sample for Industrial Insights and business Intelligence - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1491
Carbon Black Market: Dynamics
Global car sales increased by 4% in 2021, with China being the largest single-country new car market and India the fastest-growing major global vehicle market. China remained the largest and best-performing major single-country car market in the world with sales up 6.6% to more than 21 million vehicles in 2021.
The carbon black market is majorly dependent on the automobile industry, as carbon black is mainly used to reinforce rubber in tires. Carbon black can make up about 30% of the weight of a tire. Carbon black is used in automotive rubber parts such as sealing systems, hoses, anti-vibration parts, and engine mounts. Growth in automobile industry has a positive impact on the carbon black market.
Majority of carbon black feedstock is a byproduct of the crude oil refining process. Volatility in crude oil prices is one of the major restraining factors for carbon black manufacturers. Majority of carbon black basic ingredients are petroleum-based, making them susceptible to price swings in crude oil. The price of raw materials used in carbon black is directly affected by the price of crude oil.
Manufacturers are witnessing volatility and high prices of raw material, which hinders revenues. Businesses need to increase efficiency and productivity of their operations in order to maintain growth and market share.
Request for Custom Research - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1491
Carbon Black Market: Prominent Regions
Based on region, the global carbon black market has been divided into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific accounted for major share of the global carbon black market in 2020. China held a significant share of the carbon black market in Asia Pacific in 2020. The trend is likely to continue during the forecast period. However, the current environmental crackdown in China raises serious concerns about capacity and future additions.
The carbon black market in Europe is anticipated to expand at a substantial pace during the forecast period. Larger size of end-use industries in Germany and France is expected to augment the market in the region during the forecast period. Expansion of the tire industry in Europe is expected to drive the carbon black market in the region in the next few years.
Carbon Black Market: Key Players
The global carbon black market is fragmented, with the presence of large numbers of players. Major players operating in the global carbon black market are Orion Engineered Carbon, Birla Carbon, Cabot Corporation, Phillips Carbon Black Limited, Tokai Carbon Co Ltd., ASAHI CARBON CO., LTD., Mitsubishi Chemical Corporation, Abu Dhabi National Oil Company (ADNOC), Nippon Steel Chemical & Material, OCI Company Ltd, Shandong Huadong Rubber Types Co., Ltd, Himadri Speciality Chemical Ltd, and OMSK Carbon Group.
Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1491
Global Carbon Black Market: Segmentation
Carbon Black Market, by Grade
Carbon Black Market, by Type
Carbon Black Market, by Application
Carbon Black Market, by Region
Get Trending Report:
Xanthan Gum Market - https://www.prnewswire.com/news-releases/xanthan-gum-market-to-rise-at-a-cagr-of-5-9-during-forecast-period-observes-tmr-study-301626248.html
Monochloroacetic Acid Market - https://www.prnewswire.com/news-releases/monochloroacetic-acid-market-to-rise-at-cagr-of-3-9-over-forecast-period-of-2022-2031-tmr-study-301630597.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports
Tags: Carbon Black Market
See Campaign: https://www.transparencymarketresearch.com
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: [email protected]
Tags:Reportedtimes, Financial Content, Extended Distribution, iCN Internal Distribution, Research Newswire, EnglishGet a daily dose of San Diego Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to San Diego Sun.
More InformationSAN FRANCISCO, California: Just weeks after California banned its self-driving vehicles from public roads after an accident last month, Cruise, ...
(Photo credit: Gary A. Vasquez-USA TODAY Sports) Tom Wilson celebrated his 700th NHL game with his first career hat trick ...
(Photo credit: Gary A. Vasquez-USA TODAY Sports) Tom Wilson celebrated his 700th NHL game with his first career hat trick ...
Taipei's top official said international support is ?as solid as it has ever been?The government in Beijing is too "overwhelmed" ...
(Photo credit: Bob Frid-USA TODAY Sports) Jack Eichel finished with a goal and two assists and Ivan Barbashev had a ...
(Photo credit: Kelley L Cox-USA TODAY Sports) Stephen Curry had a team-high 26 points, Jonathan Kuminga led a difference-making bench ...
LONDON - Health experts and tobacco campaigners have strongly criticized New Zealand's decision to repeal laws that aimed to ban ...
NEW YORK, New York - The Dow Jones index was the standout on U.S. financial markets on Thursday with a ...
WASHINGTON D.C.: Despite the ongoing economic uncertainty, major discounts during the Thanksgiving weekend enticed U.S. shoppers, who spent some US$38 ...
BANGKOK, Thailand: This week, Thailand's Deputy Finance Minister Krisada Chinavicharana said after a weaker-than-expected third quarter, the country will downgrade ...
BEIJING, China: The country's commerce ministry said that during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho ...
NEW YORK, New York - Retreating bond yields and a higher-then-expected GDP reading for the third quarter boosted U.S. stocks ...