(MENAFN-GetNews) According to a new report provided by Million Insights, the global specialty carbon black industry research report provides comprehensive insights on scale, top suppliers, applications and revenue. This research provides many opportunities for market participants to invest in research and development.
According to the latest report of Million Insights, by 2027, the scale will reach 4 billion US dollars. The compound annual growth rate of this market during the forecast period is expected to be 8.9%. The increasing use of this product in agricultural mulch films, garbage bags, industrial bags and photographic containers is driving the growth of the market. In lithium ion batteries, graphite powder and special carbon black are used to improve conductivity.
It shows excellent properties such as stability at higher voltages, improved adhesion and less solvent. Therefore, special black powder is increasingly used in applications such as grid storage, electric bicycles, mild hybrid vehicles, hybrid vehicles and telecommunications industries. In addition, it also provides antistatic and conductive functions for plastics.
The product is divided into five categories, such as oil fume, acetylene black, furnace carbon black, thermal cracking carbon black and channel method. In these processes, different raw materials are used, such as acetylene gas, coal gas, petroleum gas and natural gas. Due to supply and demand gaps, political imbalances and seasonal changes in crude oil prices are driving the use of alternative fuels.
Major players in the specialty carbon black market include Birla Carbon, Continental Carbon Company, Cabot Corp. and Omsk Carbon Group. The major market participants are focusing their energy on purchasing raw materials conveniently, thereby gaining a competitive advantage over their peers.
• According to the grade, the conductive carbon black segment is expected to record the highest CAGR during the forecast period.
• The growing use of conductive carbon black in the production of plastic compounds is driving this growth.
• It is estimated that from 2020 to 2027, the Asia-Pacific region will achieve the highest growth of 6.4%.
• Major chemical companies such as Sid Richardson, Mitsubishi and Evonik Industries have been integrated into the value chain from carbon black production to raw material manufacturing.
• Conductive carbon black
•Paints and coatings
•Fiber Carbon Black
•Other synthetic fibers
•Food contact carbon black
•Other carbon black
• North America
• United States
• United Kingdom
• Southeast Asia
• Latin America
•Middle East and Africa
• Saudi Arabia
• Birla Carbon Fiber
• Tokai Carbon Co., Ltd.
• Continental Carbon Corporation
• Omsk Carbon Group
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Million Insights is the publisher of market research reports and is only published by senior publishers. We have a comprehensive market that allows you to compare data points before buying. Enabling informed buying is our motto, and we strive to ensure that customers can browse multiple samples before investing. Service flexibility and the fastest response time are the two pillars of our business model. Our market research report library contains in-depth reports from various industry verticals, such as healthcare, technology, chemistry, food and beverage, consumer products, materials science, and automotive.
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