Jersey City, New Jersey Jun 7, 2019 (Issuewire.com) - A recent industry assessment report on the Carbon Black market applies qualitative and quantitative research techniques to probe into the complete business scenario of the Carbon Black market for the forecast period 2019 - 2030. The study churns out some real-time data and offers enough information on the estimated market size, growth, and share to the stakeholders, field marketing personnel and product owners planning to multiply profitability and reduce costs. Importantly, the market intelligence research dives deep into customer preferences, spending capacity and production volume with the aim to ensure unmatched customer delight.
Market Industry Reports (MIR) has published a new report titled “Carbon Black Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global carbon black market was valued at over US$ 14.0 Mn in 2018 and is anticipated to grow at a substantial CAGR during the forecast period of 2019-2030.
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Volatility in the Prices of Raw Materials
Volatility in the prices of raw materials is the major factor in hampering the market growth. Aromatics oil is used as a major feedstock in the production of carbon black which is a derivative of petrochemicals. Therefore, any fluctuation in the prices of raw material will directly impact the pricing of the final product. Owing to the imbalance in supply and demand of crude oil the prices are fluctuating. This, in turn, is hampering the growth of the carbon black market.
Increasing Tire Production
Rise in production of tires is the major factor driving the market growth. The tire market is witnessing growth owing to the growing automotive industry. Carbon black is used widely as a reinforcement additive in tire manufacturing. It helps to enhance the tear-strength, resilience and conductivity and other physical properties of the product. Carbon black is used in tire components such as sidewalls, inner liners and treads. Worldwide, the automotive industry is recovering from the economic crisis. As the automotive industry is witnessing growth, the demand for the tire is growing which in turn is driving the market for black carbon.
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Key Players
Technological advancement, production capacity enhancement, and joint agreements are the major strategies adopted by the players present in this market. Orion Engineered Carbon, Birla Carbon, Jiangxi Black Cat Carbon Black Co. Ltd, and Birla Carbon are the key players present in this market. Phillips Carbon Black Ltd, Evonik, China Synthetic Rubber Corporation and Nippon are other key players present in this market.
Key Points of Table Of Content
- INTRODUCTION
- RESEARCH METHODOLOGY
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
- UNIQUE SELLING PROPOSITIONS (USPs)
- MARKET, BY THERAPY
- MARKET, BY TYPE
- MARKET, BY END USER
- MARKET - ANALYSIS & FORECAST, BY REGION
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
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