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    North America Carbon Black Market Size By Application (Tires & rubber goods, Graphite manufacturing, Coatings, Polymers, Electronics, Printing), By Process (Thermal black, Furnace black, Acetylene black, Channel black, Lamp black), By Grade (N-660, N-550, N-762, N-774, N-772, 991, N-990, N-Others), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027
    Published Date: April 2021   |   Report ID: GR1760   |   Delivery: PDF  Request Free Sample

    North America Carbon Black Market size surpassed USD 3,433 million in 2020 and is predicted to record a CAGR of around 6.1% from 2021 and 2027. The robust domestic sector and mass production of automobiles in the region are key factors attributing to the industry expansion.

    North America Carbon Black Market

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    Carbon black acts as a structure reinforcing additive in a comprehensive range of rubber-based products. Higher carbon petroleum products, such as coal tar, ethylene, cracking tar, and FCC tar are some of the raw materials used to produce carbon black through a process of partial combustion. The major application of the product is in the manufacturing of vehicle tires. Carbon black is also a powerful coloring agent and possesses excellent conductive properties which allow its usage in inks, heat-molded plastics, electric wire coatings, car fenders, semiconductors, and magnetic tapes, among others.

    North American Market, By Application

    The tire & rubber goods segment dominated more than 75% of the North America carbon black market share in 2020 and is anticipated to expand at over 6.1% CAGR till 2027. The strong market growth is underpinned by the robust regional automotive sector. For instance, in 2019, the US produced some 10.8 million cars & trucks, and the automotive industry in the nation generated over USD 560 billion in revenue in 2020. Additionally, the high rate of adoption of electric vehicles and the improving sales performance of luxury cars in North America is further fueling the market revenue growth.

    The COVID-19 outbreak had a severe blow on the carbon black industry in 2020. The market witnessed a significant downfall in revenue generations while representing a decline of over 9 percent in terms of volume within the same year. This was a result of nationwide imposed lockdowns, halted manufacturing operations, restricted mobility, and plummeted consumer spending power. However, government initiatives to weaken the impact of the economy by the health crisis and resuming economic activities are likely to support the industry rebound in the coming years.

    North America Market, By Process

    North America Carbon Black Market

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    The furnace black segment contributed more than USD 2.7 billion revenue in 2020 and is set to observe around 6.2% growth rate through 2027. The production method involves the injection of coal oil or petroleum oil as feedstocks into high-temperature gases to achieve partial combustion. The method is mostly favored owing to its high yield capacity and the ability to control product properties, such as structure or particle size. Hence, the furnace black process is highly adopted for producing carbon black for numerous applications from coloring to rubber reinforcement.

    North America Market, By Grade

    North America Carbon Black Market

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    The N-660 grade carbon black segment is estimated to reach USD 1,062.6 million by 2027, while representing the highest growth of 5.3% in volume. On the other hand, N-500 grade carbon black segment accounted for 35% market share in 2020. Due to the cost-effectiveness and high dimensional solidity, this grade of carbon black finds major usage in tire and rubber goods production. The other applications of N-500 grade include belts, shoes, extruded profiles, brake diaphragms, and plastic piping, among others.

    Competitive Industry Landscape

    Major international companies are expanding their business presence through developmental strategies, such as product launches, mergers, and acquisitions. For instance, the US-based Cabot Corporation acquired the Mexican-based carbon black producer NHUMO to reinforce its market presence in North America.

    Key manufacturers of carbon black operating in North America are Cabot Corporation, Continental Carbon Company, Showa Denko K. K., Bridgestone Corp., Birla Carbon, Orion Engineered Carbons, GrafTech International Ltd., Tokai Carbon Co., Ltd., Continental Carbon Company, Cancarb Limited, and Andicor Specialty Chemicals Corp.
     


    Frequently Asked Question(FAQ) :

    What is the estimated growth rate for North America carbon black market during 2021-2027?
    The industry for carbon black in North America reached USD 3,433 million in 2020 and will register a healthy CAGR of over 6.1% through 2027.
    Why will the demand for carbon black rise across tire and rubber goods application in North America?
    Tire and rubber goods application segment held over 75% market share in 2020 and will grow at around 6.1% CAGR up to 2027 with promising opportunities across the automotive sector.
    How will the demand for furnace black grow in the North American carbon black industry?
    North America furnace black market generated USD 2.7 billion in revenue in 2020 and will expand at about 6.2% CAGR over 2021-2027.
    How much revenue did the N-660 grade carbon black segment generate in 2020?
    The market for N-660 grade carbon black in North America is likely to reach USD 1,062 million by 2027, growing at a CAGR of 5.3% in volume.

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