Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Asia Pacific Carbon Black Market to Aid the Global Market Growth, Expected to Grow at a CAGR of 4.4% between 2020 and 2025.

According to a new report by EMR titled, ‘Asia Pacific Carbon Black Market Report and Forecast 2020-2025’, the Asia Pacific carbon black market reached a production volume of around 8.01 million metric tons in 2019. It is expected to significantly affect the global market and push the growth of the global market further. The global carbon black market is expected to grow at a CAGR of 4.4% in the forecast period of 2020 and 2025. 

The Asia Pacific carbon black market is driving the growth of the global carbon black market, which is expected to reach a volume of 21 million metric tons by 2025.

The Asia Pacific is the leading regional market for carbon black, accounting for nearly half of the total global production. China stands as one of the largest markets in the Asia-Pacific region and the leading manufacturer of the product. China and India together produce more than half of the carbon black globally. China is also the biggest consumer in the region, followed by India and Japan. The rapid growth of the tyre industry in the region is leading to the development of the Asia Pacific market. The global tyre market is dominated by the Asia Pacific region, with key players moving their manufacturing plants to East and South Asia. The rapidly growing automotive market in the region is also supporting the carbon black market growth. Ford Motor Company (NYSE: F), one of the major automotive companies, is expanding into the region, which, in turn, is helping the growth of carbon black industry.

With growing consciousness among the consumers and producers about environment pollution, many key players are trying to make their production process more sustainable. In 2019, Birla Carbon, one of the key players in the Asia Pacific carbon black market, released its seventh annual sustainability report titled “Evolving Sustainability, Together.” The report concentrates on sustainability operations used to manufacture products without causing much damage to the environment. Their purpose is to create products with minimum impact on the environment.

Market Breakup by Product, Grade, End-Use, and Regions:

  • The various product types of carbon black are specialty, lamp black, channel black, acetylene black, furnace black, gas black, commodity, and thermal black, among others.
  • The carbon black grades are divided into specialty grade, standard grade, N330, N550, N660, N220, and N990, among others.
  • Carbon black has its end-uses in industrial applications, printing and packaging, building and construction, and transportation, among others.
  • The major regions included in the Asia Pacific market are China, India, Japan, and South Korea.

Key Findings of the Report:

  • The rising electric vehicles industry with special tyre requirements is supporting both the tyre and carbon black industries.
  • The Asia Pacific carbon black market is being aided by its large tyre industry and growing automotive industry.
  • With the increasing applications of carbon black in products like sealants, coatings, plastics, paints, and printing ink, their related application sectors are aiding the growth of the market.
  • The growing construction sector of China and India are further driving the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the Asia Pacific carbon black market for the periods (2015-2019) and (2020-2025).
  • The historical (2015-2019) and forecast (2020-2025) analysis for the products, grades, end-uses, and regions have also been provided in the report by EMR.
  • An in-depth assessment of the regional price trends of carbon black for the periods (2015-2019) and (2020-2025) has been provided within the report.
  • It also analyses the global trade data for the year 2019 by covering the volume and value of the leading exporting and importing countries.

The major players included in the Asia Pacific black carbon market are Birla Carbon, Phillips Carbon Black Limited, Jiangxi Blackcat Carbon Black Inc., Tokai Carbon Co., Ltd., Longxing Chemical Industry Co., Ltd., Mitsubishi Chemical Holdings Corporation, Nippon Steel & Sumikin Chemical, OCI Company Ltd., Shandong Huadong Rubber Materials Co., Ltd, and Goodluck Carbon Pvt. Ltd. This comprehensive report by EMR covers the market share, capacity, and latest developments like mergers, acquisitions, plant turnarounds and capacity expansions of these major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Industrial Wax Market Report and Forecast 2020-2025



Global Chlorinated Paraffin Wax Market Report and Forecast 2020-2025


Global Naphtha Market Report and Forecast 2020-2025


Latin America Carbon Black Market Report and Forecast 2020-2025


NEWSLETTER