Carbon black is produced by incomplete combustion of heavy petroleum. Traditionally, it was produced by charring wood or bone. It appears black and reflects very little light. Its major application is in the manufacture of automobile tires since it reflects the heat away from the treads and the belt area of the tire, thereby increasing the lifespan of tires. It is also used as pigmentation for food coloring, and in films and resins, depending on the method of extraction and other non-rubber goods.
One of the primary drivers for the carbon black market would be the manufacturing of special-grade carbon black also known as Special Blacks. Apart from being used in the tire industry, carbon black imparts color, is not damaged by ultraviolet rays, is a good conductor of electricity, exhibits non-degradation physical property of polymers, and has ease of dispersion; hence, its scope of application has increased in the non-tire industry. Other main properties of carbon black are its chemical inertness, porous structure, and thermal stability.
Some of the other advantages of carbon black include its chemical purity, low water absorption affinity, and ease of handling. However, there is a major impact on the atmosphere caused by the emission of gases such as carbon dioxide and other greenhouse gases, which are contributing to global warming. In the recent years, carbon blacks are being replaced by silica in high performance tires due to better performance of the latter.
The growing automotive and tire industry in developing regions such as India and China is expected to drive the demand for carbon black. In addition, industrial expansion in these regions has resulted in a surge in the demand for carbon black for applications including conveyor belts, mounts, and in heat absorbing devices. Increased application of carbon black in electronics, plastics, paints, resins, films, and other non-tire sectors would also increase the consumption.
Some of the leading global manufacturers of carbon black are Evonik Industries, Mitsubishi Chemicals, Sid Richardson Carbon and Energy, OJSC Kremenchug Carbon Black, Aditya Birla, and TransCanada Corporation.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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