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.
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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
- Europe
- 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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