APAC Carbon Black Market size is estimated to cross USD 12.1 billion by 2027, according to a latest forecast report by Graphical Research. Increasing sales of automobiles and rising adoption of electric vehicles in the Asia Pacific region are fueling the market demand.
The consumption of carbon black is significantly affected by the demand for rubber-based products, especially tires. The rising number of on-road vehicles in developing countries is propelling the demand for carbon back, creating a positive outlook for the market growth.
The end-user industries, including polymers, rubber goods & tire manufacturing, coatings, etc. are consuming carbon black in substantial quantities, hence driving the production of the material. China is the major producer and consumer of carbon black, which is attributaed to the presence of a large number of end-user sectors. Moreover, India is another market that is catalyzing industry growth in this region. The high rate of industrial development in countries, such as India and China and accelerating product demand for elastomers, tires, coatings, and polymers will stimulate the market revenue.
The health crisis caused by the outbreak of coronavirus resulted in the disruption of industrial operations and severely hampered the market size. The automotive industry experienced a decline in the sales of vehicles, which acted as a restraining factor for the carbon black market growth. However, China – the major raw material supplier in the region and a growth enabling market has entered into the recovering phase and will support the growth of the overall industry revenue.
Browse detailed statistical insights from the report, “Asia Pacific Carbon Black Market By Grade (N-660, N-550, N-762, N-774, N-772, 991, N-990, N-Others), By Process (Thermal black, Furnace black, Acetylene black, Channel black, Lamp black), By Application (Tires & rubber goods, Graphite manufacturing, Coatings, Polymers, Electronics, Printing), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
The thermal black process segment is anticipated to register a CAGR of around 6.8% from 2021 to 2027. The method involves the production of carbon black by a cyclic or continuous process, with natural gas as the most commonly used feedstock, although higher grade hydrocarbon oils are also used. This process is a cost-effective method owing to the abundance and low cost of natural gas.
The lower grade N-550 carbon black has been attracting a wider consumer base and is likely to held over 36% of the market share in terms of volume in 2020. It is a high structure and low-surface area semi-reinforcing ASTM rank product, which provides enhance dispersion, improved dimensional stability, and high green strength. N-550 grade carbon black is consumed majorly for hoses, extrudate profiles, gaskets & seals, belts, and non-vibrating mountings.
Major companies producing carbon black in the Asia Pacific region include HEG Ltd., Cabot Corp., Showa Denko K. K., Phillips Carbon Black Limited, Bridgestone Corp., Birla Carbon, Lianyungang Jinli Carbon Co., Ltd., OCI Company Ltd., Orion Engineered Carbons, Tokai Carbon, Syrah Resources Limited, and BTR New Material Group Co., Ltd.
The APAC carbon black market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia Pacific Market, By Process
- Thermal black
- Furnace black
- Acetylene black
- Channel black
- Lamp black
Asia Pacific Market, By Grade
Asia Pacific Market, By Grade
- Tires & rubber goods
- Graphite manufacturing
The above information has been provided for the following countries:
- Asia Pacific
- South Korea
- Rest of Asia Pacific