Press Release
Press Release
The Asia Pacific carbon black market is expected to grow at CAGR of 6.0% in the forecast period of 2024 and 2032 to reach a value of USD 13.24 billion by 2032.
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 2020, 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.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
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, Others. 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.
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.
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
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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.