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.
The Latin America carbon black market contributes moderately to the global carbon black market. In 2020, the carbon black production in Latin America reached a volume of almost 0.6 million metric tons and is expected to grow steadily in the forecast period. The steady growth of the market is the result of the increasing number of automotive industries in the region, particularly in Brazil. The growing automotive industries, in turn, increases the demand for tyres, thus aiding the carbon black market as carbon black is majorly used in the rubber industry as a reinforcing filler.
In October 2017, Daimler AG (ETR: DAI) sold 30,500 Daimler trucks in Latin America. Further, the company announced that it will invest approximately USD 659 million in Brazil during the 2018-2022 period to modernise the product lineup and to develop the two plants located in São Bernardo do Campo and Juiz de Fora, which are expected to meet the highest production standards by 2022. Thus, the growing automotive sector in Brazil is expected to boost the demand for carbon black in the region, aiding the global market as well.
The use of carbon black in specialty products, which find applications in segments like sealants, adhesives, and coatings, among others, is also increasing, which is further aiding the market growth in Latin America. The continuously growing demand for waterborne and solvent-borne coatings in the specialty segment is providing further impetus to the carbon black market growth, globally. In June 2020, the Orion Engineered Carbons S.A. (NYSE: OEC), a global supplier of specialty carbon black and a major player in Latin America, announced the expansion of its production capacity for Gas Blacks at its Cologne (Kalscheuren) plant in Germany. Gas Blacks, Orion’s specialty carbon black, has excellent fineness, which provides the deepest blackness required for coatings, thus, fulfilling the demand for high-quality carbon black for specialty and technical rubber applications, globally.
Market Breakup by Types, Grades, Applications, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the Latin America carbon black market are Birla Carbon, Cabot Corporation, Continental Carbon Company, Orion Engineered Carbons S.A., and Polimix Ambiental, among others. This comprehensive report by EMR covers the market share, capacity, and latest developments like plant turnarounds, acquisitions, mergers, and capacity expansions of the 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
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
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.
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.
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.
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.