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CHEMICALS AND ADVANCED MATERIALS

Specialty Carbon Black Market Analysis by Form (Granules, and Powder); and by Application [Plastics {Conductive & Electrostatic Dissipative (ESD), Wires & Cables, and Other Conductive Applications}, Battery Electrodes (Lithium-Ion Battery, and Others), Paints & Coatings, Inks & Tones, and Others] – Global Supply & Demand Analysis & Opportunity Outlook 2021-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • With its high-purity, conductive acetylene black, Orion Engineered Carbons, a well-known provider of specialty and high-performance carbon black, joined the HiQ-CARB project, which is supported by the EU. This project aims to give the lithium-ion battery sector with sustainable and high-performance carbon additives.
  • One of the top producers of carbon black, Birla Carbon, has introduced CONTINUA. Sustainable innovation and cooperation are key. Materials under the Continua brand are carbonaceous, sustainable, and have a worldwide reach, excellent quality, and technical know-how to increase product circularity. Its product availability will surpass 70,000 tonnes annually in five years.

Global Specialty Carbon Black Market Size, Forecast, and Trend Highlights Over 2021 – 2031

Base Year

2021

Forecast Year

2022-2031

CAGR

4.3%

Base Year Market Size (2021)

USD 2990.54 Million

Forecast Year Market Size (2031)

USD 4519.34 Million

Global Specialty Carbon Black Market Size, Forecast, and Trend Highlights Over 2021 – 2031

The global specialty carbon black market is estimated to garner a revenue of USD 4,519.34 Million by the end of 2031 by growing at a CAGR of 4.3% over the forecast period, i.e., 2022-2031. Further, the market generated a revenue of USD 2,990.54 Million in the year 2021. The growth of the market can be attributed to growing demand for specialty chemicals, such as specialty carbon black, across the globe. For instance, by 2030, the demand for carbon black would reach approximately 15 million tonnes annually worldwide.

Specialty-Carbon-Black-Market

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Specialty black carbon provides its usefulness in many application including plastics, printing inks, paints, and more. They act as pigment, UV stabilizer, and conductive or insulating agent. Furthermore, improvement in performance of specialty black carbon by the efforts of various key players is expected to boost the market growth. For instance, Engineered Carbons has announced the introduction of a new range of Specialty Carbon Black XPB 633 BEADS with conductivity and anti-static properties that are intended exclusively for use with thermoplastics.

Global Specialty Carbon Black Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Demand for Tires

It is estimated that the domestic demand for tires would increase by 7-9% in 2023. Most of the tires are manufactured with the help of carbon black, which is anticipated to drive the demand for tires. UV light and ozone, two substances that are known to hasten tire deterioration, are shielded from the tire's destructive effects by carbon black. Furthermore, carbon black is known to strengthen the rubber. Hence, it results in a more reliable vehicle ride for the rider. The car's driver, as a result of this, is consequently kept safer.

  • New Pigment Formulation Trends

APE- and VOC-free high-performance polymeric (HPP) dispersant STEPSPERSE 61 is a brand-new formulation created for a variety of carbon blacks and organic pigments in aqueous applications by Stepan Company.

  • Long Term Sustainability Initiatives

The 1% Sulfur Rotterdam Fuel Oil Index (FO 1% S FOB ROT) has been replaced as of July 1st, 2019, by the Platts North West Europe 1% Sulfur Fuel Oil Index (FO 1% S FOB NWE), according to Orion Engineered Carbons S.A., a global supplier of specialized and high-performance Carbon Black. The decision is viewed as an Orion long-term sustainability initiative.

  •  Increasing Automotive Industry

In 2022, approximately 22 million automobiles were produced annually in India.

Challenges

  • Scarcity of Raw Materials
  • High GHG Emissions from Specialty Carbon Black Manufacturing
  • Highly Consolidated Specialty Carbon Black Market

The cost of the raw materials used to produce specialty carbon black is influenced by the price of feedstock oil, natural gas, high-Sulphur fuel oil (HSFO), anthracene oil, and raw coal tar. The incredibly volatile oil and gas markets have an impact on the price of these products. Producers are forced to increase the price of specialized carbon black goods owing to the volatile nature of oil prices. Therefore, during the forecast period, raw material price volatility might choke off the global specialty carbon black market.

The global specialty carbon black market is segmented and analyzed for demand and supply by form into granules, and powder. Out of these segments, granules segment is anticipated to garner the largest revenue by the end of 2031 owing to its ability of being an excellent choice for eliminating pollutants from water, air, liquids, and gases. According to the EPA, GAC (Granular Activated Carbon) is a proven technology with high removal efficiency (up to 99.9%) for various VOCs, including trichloroethylene (TCE) and tetrachloroethylene (TCE) (PCE). Target pollutants can often be removed with GAC to concentrations below 1 g/l. Further, the powder segment is expected to grow at a highest CAGR of 4.8% over the forecast period.

Global Specialty Carbon Black Market Regional Synopsis

Regionally, the global specialty carbon black market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these regions, the market in Asia Pacific is projected to hold the largest market share of USD 1,945.22 Million by the end of 2031, up from a revenue of USD 1,268.54 Million in the year 2021. The growth of the market in the Asia Pacific region can be attributed to the availability of cheaper energy sources and fewer taxes. Moreover, increasing demand for high-performance items has boosted the use of specialty carbon. Owing to which there has been rise in producers of carbon black. For instance, the main manufacturer of carbon black in India is Phillips Carbon Black Limited (PCBL), one of the top international companies, with four cutting-edge facilities located in Mundra, Kochi, Palej, and Durgapur. Furthermore, Middle East & Africa is anticipated to grow at a largest CAGR of 4.7% during the forecast period.

The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation

Our in-depth analysis of the global specialty carbon black market includes the following segments:

By Form

  • Granules
  • Powder

By Application

  • Plastics
    • Conductive & Electrostatic Dissipative (ESD
    • Wires & Cables
    • Other Conductive Applications
  • Battery Electrodes
    • Lithium-Ion Battery
    • Others
  • Paints & Coatings
  • Inks & Toners
  • Others

Key Companies Dominating the Global Specialty Carbon Black Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global specialty carbon black market that are included in our report are Orion Engineered Carbons GmbH, Cabot Corporation, Birla Carbon, Imerys, Tokai Carbon Co., Ltd., Mitsubishi Holding Chemicals Corporation, Denka Company Limited, PCBL, Lion Specialty Chemicals Co. Ltd., Himadri Speciality Chemical Ltd., Continental Carbon Company, Asbury Carbons, Black Bear Carbon B.V., Omsk Carbon Group, Ralson Tyres, OCI Company Ltd., and Asahi Carbon Co., Ltd.

FREQUENTLY ASKED QUESTIONS

Global Specialty Carbon Black Market TOC

  1. Market Definition and Research Methodology
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Challenges
    3. Market Opportunities
    4. Market Trends
  4. Porter’s Five Forces Analysis
  5. Regulatory Scenario
  6. Value Chain Analysis
  7. Cost Structure Analysis
  8. Import-Export Scenario
  9. Price Trend Analysis, By Region
  10. Production Analysis
  11. Global Specialty Carbon Black Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. Global Specialty Carbon Black Market Segmentation Analysis 2021-2031
      1. By Form
        1. Granules, 2021-2031F (USD Million & Kilo Tons)
        2. Powder, 2021-2031F (USD Million & Kilo Tons)
      2. By Application
        1. Plastics, 2021-2031F (USD Million & Kilo Tons)
          1. Conductive and Electrostatic Dissipative (ESD), 2021-2031F (USD Million & Kilo Tons)
          2. Wires & Cables, 2021-2031F (USD Million & Kilo Tons)
          3. Other Conductive Applications, 2021-2031F (USD Million & Kilo Tons)
        2. Battery Electrodes, 2021-2031F (USD Million & Kilo Tons)
          1. Lithium-Ion Battery, 2021-2031F (USD Million & Kilo Tons)
          2. Others (Including Lead–Acid Battery And Zinc–Carbon Battery), 2021-2031F (USD Million & Kilo Tons)
        3. Paints & Coatings, 2021-2031F (USD Million & Kilo Tons)
        4. Inks & Toners, 2021-2031F (USD Million & Kilo Tons)
        5. Others, 2021-2031F (USD Million & Kilo Tons)
      3. By Region
        1. North America, 2021-2031F (USD Million & Kilo Tons)
        2. Europe, 2021-2031F (USD Million & Kilo Tons)
        3. Asia Pacific, 2021-2031F (USD Million & Kilo Tons)
        4. Latin America, 2021-2031F (USD Million & Kilo Tons)
        5. Middle East & Africa, 2021-2031F (USD Million & Kilo Tons)
  12. North America Specialty Carbon Black Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. Specialty Carbon Black Market Segmentation Analysis 2021-2031
      1. By Form
        1. Granules, 2021-2031F (USD Million & Kilo Tons)
        2. Powder, 2021-2031F (USD Million & Kilo Tons)
      2. By Application
        1. Plastics, 2021-2031F (USD Million & Kilo Tons)
          1. Conductive and Electrostatic Dissipative (ESD), 2021-2031F (USD Million & Kilo Tons)
          2. Wires & Cables, 2021-2031F (USD Million & Kilo Tons)
          3. Other Conductive Applications, 2021-2031F (USD Million & Kilo Tons)
        2. Battery Electrodes, 2021-2031F (USD Million & Kilo Tons)
          1. Lithium-Ion Battery, 2021-2031F (USD Million & Kilo Tons)
          2. Others (Including Lead–Acid Battery And Zinc–Carbon Battery), 2021-2031F (USD Million & Kilo Tons)
        3. Paints & Coatings, 2021-2031F (USD Million & Kilo Tons)
        4. Inks & Toners, 2021-2031F (USD Million & Kilo Tons)
        5. Others, 2021-2031F (USD Million & Kilo Tons)
      3. By Country
        1. US, 2021-2031F (USD Million & Kilo Tons)
        2. Canada, 2021-2031F (USD Million & Kilo Tons)
  13. Europe Specialty Carbon Black Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. Specialty Carbon Black Market Segmentation Analysis 2021-2031
      1. By Form
      2. By Application
      3. By Country
        1. Germany, 2021-2031F (USD Million & Kilo Tons)
        2. UK, 2021-2031F (USD Million & Kilo Tons)
        3. France, 2021-2031F (USD Million & Kilo Tons)
        4. Italy, 2021-2031F (USD Million & Kilo Tons)
        5. Spain, 2021-2031F (USD Million & Kilo Tons)
        6. Russia & CIS, 2021-2031F (USD Million & Kilo Tons)
        7. Rest of Europe, 2021-2031F (USD Million & Kilo Tons)
  14. Asia Pacific Specialty Carbon Black Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. Specialty Carbon Black Market Segmentation Analysis 2021-2031
      1. By Form
      2. By Application
      3. By Country
        1. China, 2021-2031F (USD Million & Kilo Tons)
        2. Japan, 2021-2031F (USD Million & Kilo Tons)
        3. India, 2021-2031F (USD Million & Kilo Tons)
        4. ASEAN, 2021-2031F (USD Million & Kilo Tons)
        5. Rest of Asia Pacific, 2021-2031F (USD Million & Kilo Tons)
  15. Latin America Specialty Carbon Black Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. Specialty Carbon Black Market Segmentation Analysis 2021-2031
      1. By Form
      2. By Application
      3. By Country
        1. Brazil, 2021-2031F (USD Million & Kilo Tons)
        2. Mexico, 2021-2031F (USD Million & Kilo Tons)
        3. Rest of Latin America, 2021-2031F (USD Million & Kilo Tons)
  16. Middle East & Africa Specialty Carbon Black Market 2021-2031
    1. Market Overview
    2. By Value (USD Million)
    3. Specialty Carbon Black Market Segmentation Analysis 2021-2031
      1. By Form
      2. By Application
      3. By Country
        1. GCC, 2021-2031F (USD Million & Kilo Tons)
        2. South Africa, 2021-2031F (USD Million & Kilo Tons)
        3. Rest of Middle East & Africa, 2021-2031F (USD Million & Kilo Tons)
  17. Competitive Landscape
    1. Competitive Positioning
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking
      1. Orion Engineered Carbons GmbH
      2. Cabot Corporation
      3. Birla Carbon
      4. Imerys
      5. Tokai Carbon Co., Ltd.
      6. Mitsubishi Chemical Holdings Corporation
      7. Denka Company Limited
      8. PCBL
      9. Lion Specialty Chemicals Co. Ltd.
      10. Himadri Speciality Chemical ltd.
      11. Continental Carbon Company
      12. Asbury Carbons
      13. Black Bear Carbon B.V.
      14. Omsk Carbon Group
      15. Ralson Tyres  
      16. OCI Company Ltd.
      17. Asahi Carbon Co., Ltd.

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