North America Carbon Black Market

North America Carbon Black Market by Product Types (Furnace Black, Gas Black, Lamp Black, and Thermal Black), Applications (Tires & Industrial Rubber Products, Plastics, Toner & Printing Inks, Coatings, Textile Fibers, and Others), and Geography (United States, Canada, Mexico, and Rest of North America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-2169
  • Author: Growth Market Reports
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  • No. Of Pages: 182
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The North America carbon black market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to its advantages in absorbing ultraviolet light making the plastic more UV resistant and increased product use in plastics.

North America Carbon Black Market summary

Carbon black is a form of crystalline carbon containing 95% pure carbon and improves the physical and mechanical properties of the material, making the final product more efficient. It can absorb ultraviolet light and convert it to heat, so its main application is in wire and cable insulation. Besides, it is also used in the production of various rubber products and pigments serves as economical rubber reinforcement used in tires. Carbon black acts as a structure-strengthening additive in a wide range of rubber-based products. High carbon oil products such as coal tar, ethylene, tar and FCC are used as feedstock. The main application of the product is in the production of tires. Carbon black is also a strong colorant and has excellent electrical conductivity properties, making it suitable for use in printing inks, thermosetting plastics, electrical cable coatings, car fenders, semiconductors, and magnetic materials. The surfaces contain several functional groups such as carbon-oxygen, carbon-hydrogen surface groups, carbon-nitrogen elements, and carbon-halogen surface compounds, the most important of which is the surface carbon group.. It also helps to conduct heat away from the tire's tread and belt portions, reducing thermal damage and extending tire life.

The product is used in the production of various plastic products such as tubes, films, wrappers, stretch, photographic packaging, and industrial bags. The suit is considered to have high strength, thermal conductivity, and anti-static properties. In addition, they act as a UV absorber that helps protect the plastic from fading, discoloration, fading and cracking.

The Covid-19 pandemic affected the demand and supply of North America carbon black market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing applications in plastics & coating industry owing to increased demand for lightweight vehicles and rising production of vehicles is expected to boost the market during forecast period.
  • Rapid growth of rubber industry owing to growing demand from automotive, electronics, and construction industry for wires & cables, automotive tires are major factors fueling the market.
  • Growing adoption of carbon black materials is anticipated to drive the market during the forecast period.
  • High fluctuation in cost of raw materials for carbon black and increasing environmental concerns is projected to restrict the market growth.
  • Increasing awareness among people about the harmful gas emission during production of carbon black and use of silica as a substitute act as major factors that can restrict the market growth during the forecast period.
  • R&D investment and technological advancement is expected to offer significant opportunities for the market players.

Scope of the Report

The report on the North America carbon black market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Carbon Black Market – North America Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Types (Furnace Black, Gas Black, Lamp Black, and Thermal Black), and Applications (Tires & Industrial Rubber Products, Plastics, Toner & Printing Inks, Coatings, Textile Fibers, and Others)

Geography

United States, Mexico, Canada, and rest of North America

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Tokai Carbon Co. Ltd.; Cabot Corporation; Birla Carbon; Orion Engineered Carbons; and Philips Carbon Black Ltd.

Market Segment Insights

The furnace black segment is projected to hold a major market share

Based on product types, the carbon black market is divided into furnace black, lamp black, gas black, and thermal black. The furnace black segment is expected to represent a key share of the market during the forecast period. This grade is obtained by incomplete combustion of oil or coal in an oil furnace. This process allows the mass production of carbon black with various structures and grain sizes. In addition, this grade is widely used as a reinforcing agent in rubber production. Furnace black is the most common process due to its maximum manufacturability. It is produced by burning large petroleum products such as liquid catalyst tar and coal tar.  In addition, the rapid introduction of modern technologies in tire production is expected to increase the market in the region.

North America Carbon Black Market product types

The tires & industrial rubber products segment is expected to grow at a significant pace

In terms of applications, the carbon black market is segmented into plastics, tires & industrial rubber products, coatings, textile fibers, toner & printing inks, and others. The tires & industrial rubber products segment is expected to represent a key share of the market during forecast period owing to carbon black is mainly used as filler in tires to improve various characteristics such as tire wear, fuel economy, and durability. Rubber compounds improve handling, tread wear, fuel consumption, and durability. Carbon black is one of the most important industrial chemicals produced worldwide. In addition to tires, it is also required for a variety of molded and extruded rubber products such as conveyor belts, gaskets, air springs, bushings, vibration dampers, and hoses that provides flexural strength in such products. There is competition for market share in tires for small agricultural enterprises. In addition, due to the growing demand for passenger cars and electronics in the region, demand for carbon black is expected to continue to grow during the forecast period.

North America Carbon Black Market application

The United States is anticipated to dominate the market

On the basis of regions, the carbon black market is categorized as the United States, Canada, Mexico, and Rest of North America. The US is anticipated to dominate the market during the forecast period. The United States is the largest tire consumer in the North American market and also the largest tire consumer in the North American market. In addition, many tire manufacturers have also expressed interest in opening new factories in the United States, which are expected to increase domestic tire production, thereby increasing the tire market. Carbon black is also used as a pigment in paints and coatings, plastics, and printing inks. The market for coatings in the United States is growing steadily due to growing demand from the construction, transportation, and consumer goods industries.

Segments

Segments Covered in the Report
The North America carbon black market has been segmented on the basis of
Product Types

  • Furnace Black
  • Gas Black
  • Lamp Black
  • Thermal Black

Applications

  • Tires & Industrial Rubber Products
  • Plastics
  • Toner & Printing Inks
  • Coatings
  • Textile Fibers
  • Others

Geography

  • United States
  • Mexico
  • Canada
  • Rest of North America

Key Players

  • Tokai Carbon Co. Ltd.
  • Cabot Corporation
  • Birla Carbon
  • Orion Engineered Carbons
  • Philips Carbon Black Ltd.

 

Competitive Landscape

Key players competing in the carbon black market include Tokai Carbon Co. Ltd.; Cabot Corporation; Birla Carbon; Orion Engineered Carbons; and Philips Carbon Black Ltd.

Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

North America Carbon Black Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Carbon Black Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Carbon Black Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Carbon Black Market - Supply Chain
  4.5. Global Carbon Black Market Forecast
     4.5.1. Carbon Black Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Carbon Black Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Carbon Black Market Absolute $ Opportunity
5. Global Carbon Black Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Carbon Black Market Size and Volume Forecast by Types
     5.3.1. Furnace Black
     5.3.2. Gas Black
     5.3.3. Lamp Black
     5.3.4. Thermal Black
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Carbon Black Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Carbon Black Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Carbon Black Demand Share Forecast, 2019-2026
7. North America Carbon Black Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Carbon Black Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Carbon Black Market Size and Volume Forecast by Types
     7.4.1. Furnace Black
     7.4.2. Gas Black
     7.4.3. Lamp Black
     7.4.4. Thermal Black
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Carbon Black Demand Share Forecast, 2019-2026
8. Latin America Carbon Black Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Carbon Black Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Carbon Black Market Size and Volume Forecast by Types
     8.4.1. Furnace Black
     8.4.2. Gas Black
     8.4.3. Lamp Black
     8.4.4. Thermal Black
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Carbon Black Demand Share Forecast, 2019-2026
9. Europe Carbon Black Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Carbon Black Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Carbon Black Market Size and Volume Forecast by Types
     9.4.1. Furnace Black
     9.4.2. Gas Black
     9.4.3. Lamp Black
     9.4.4. Thermal Black
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Carbon Black Demand Share Forecast, 2019-2026
10. Asia Pacific Carbon Black Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Carbon Black Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Carbon Black Market Size and Volume Forecast by Types
     10.4.1. Furnace Black
     10.4.2. Gas Black
     10.4.3. Lamp Black
     10.4.4. Thermal Black
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Carbon Black Demand Share Forecast, 2019-2026
11. Middle East & Africa Carbon Black Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Carbon Black Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Carbon Black Market Size and Volume Forecast by Types
     11.4.1. Furnace Black
     11.4.2. Gas Black
     11.4.3. Lamp Black
     11.4.4. Thermal Black
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Carbon Black Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Carbon Black Market: Market Share Analysis
  12.2. Carbon Black Distributors and Customers
  12.3. Carbon Black Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Tokai Carbon Co. Ltd.
     12.4.2. Cabot Corporation
     12.4.3. Birla Carbon
     12.4.4. Orion Engineered Carbons
     12.4.5. Philips Carbon Black Ltd.

Segments Covered in the Report
The North America carbon black market has been segmented on the basis of
Product Types

  • Furnace Black
  • Gas Black
  • Lamp Black
  • Thermal Black

Applications

  • Tires & Industrial Rubber Products
  • Plastics
  • Toner & Printing Inks
  • Coatings
  • Textile Fibers
  • Others

Geography

  • United States
  • Mexico
  • Canada
  • Rest of North America

Key Players

  • Tokai Carbon Co. Ltd.
  • Cabot Corporation
  • Birla Carbon
  • Orion Engineered Carbons
  • Philips Carbon Black Ltd.

 

Key players competing in the carbon black market include Tokai Carbon Co. Ltd.; Cabot Corporation; Birla Carbon; Orion Engineered Carbons; and Philips Carbon Black Ltd.

Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

North America Carbon Black Market keyplayers

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