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Latin America Carbon Black Market is Likely to Grow at a CAGR of 5.8% Between 2022 and 2027.

According to a new report by EMR titled, ‘Latin America Carbon Black Market Report and Forecast 2022-2027’, the Latin America Carbon Black Market is Likely to Grow at a CAGR of 5.8% Between 2022 and 2027.

The Latin America carbon black market contributes moderately to the global carbon black market. In 2021, the carbon black market in Latin America reached a volume of almost 366.2 KMT 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:

  • The various product types of carbon black are acetylene, furnace, and thermal black, among others.
  • The common carbon black grades are the specialty grade and rubber grade. 
  • Carbon black finds application in industrial, printing and packaging, building and construction, and transportation sectors, among others.
  • The major regional markets for carbon black in Latin America are Brazil, Argentina, and Mexico.

Key Findings of the Report:

  • The Latin America carbon black market is being driven by the growing automotive industry in the region, particularly in Brazil. 
  • The growing applications of carbon black in printing, ink, and plastic sectors with the development of packaging industry is further aiding the market growth.
  • The growing infrastructural activities, owing to the various schemes initiated by the government in the region, is providing further impetus to the market. 
  • The rising demand for tyres and other rubber related products is expected to propel the market further.

Key Offerings of the Report:

  • The EMR report gives an overview of the global carbon black market for the periods (2017-2021) and (2022-2027).
  • The report provides the historical (2017-2021) and forecast (2022-2027) data for the product types, grades, applications, and regional markets of the product.
  • It offers a thorough analysis of the global trade data for the year 2020, covering the value and volume of the major exporting and importing countries.
  • The report by EMR also gives an in-depth insight into the regional price trends of carbon black in Latin America for the (2017-2021) and (2022-2027) periods.
  • An assessment of the market, based on the Porter’s Five Forces model along with SWOT and value chain analysis, has also been provided in 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.

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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.

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