Originally Published on Technavio | <strong>Carbon Black Market by End-user, Grade Type, and Geography – Forecast and Analysis 2023-2027</strong>
Delve into the evolving landscape of the global carbon black market with Technavio’s comprehensive analysis, published in May 2023. This 167-page report provides valuable insights into market trends, growth drivers, challenges, and regional dynamics, guiding stakeholders to make informed decisions in this dynamic industry.
<strong>Key Report Highlights:</strong>
– Market Growth Projection: The carbon black market is poised to grow by USD 4,867.17 million between 2022 and 2027, showcasing a robust CAGR of 4.94%. Explore the factors contributing to this growth, including the increasing use of carbon black in diverse industries.
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Focus Areas:</strong>
1. Segmentation Breakdown:
– End-Users: Gain a comprehensive understanding of the market through end-user segments such as tires, non-tires rubber, and non-rubber. Explore the varied applications of carbon black across industries.
– Grade Types: Delve into the market based on grade types, including specialty grade and standard grade. Understand the distinctions and applications of each grade in the carbon black industry.
– Geographical Insights: Navigate the market’s regional dynamics, covering APAC, Europe, North America, South America, and the Middle East and Africa. Uncover trends, challenges, and growth opportunities in each region.
2. Market Drivers, Trends, and Challenges:
– Key Drivers: Explore crucial drivers, such as the increasing use of carbon black in end-user industries. Understand its applications in automotive, medical, and pharmaceutical sectors, driving global market growth.
– Trends Shaping the Market: Identify the trend towards sustainable carbon black, driven by environmental considerations. Discover bio-based and recycled carbon black as alternatives, gaining popularity for their eco-friendly characteristics.
– Challenges: Evaluate challenges, including the rising use of silica as reinforcing fillers, posing a threat to the carbon black market. Assess the impact of silica on tire manufacturing and its implications for carbon black usage.
Customer Landscape Analysis:
The report includes a comprehensive customer lifecycle analysis, spanning from innovators to laggards. Explore adoption rates in different regions, along with key purchase criteria and drivers of price sensitivity, aiding companies in refining growth strategies.
Major Companies and Strategies:
– Key Players: Uncover strategies employed by major market players, including Aditya Birla Management Corp. Pvt. Ltd., Abu Dhabi National Oil Co., Bridgestone Corp., Cabot Corp., CSRC Investment Holdings Co. Ltd., and others.
– Strategies: Learn about diverse strategies, including strategic alliances, partnerships, mergers, acquisitions, geographical expansion, and product/service launches, adopted by leading companies to enhance their market presence.
Segmental Breakdown:
1. Fastest-Growing Segment: Identify the tires segment as a significant contributor to market growth. Explore how carbon black enhances tire performance, its role as a pigment, and its impact on the automotive industry.
2. Key Regions for Market Growth:
– APAC Dominance: Understand why APAC is estimated to contribute 49% to global market growth. Explore regional trends and drivers, with a focus on countries like China, India, Malaysia, and Indonesia, driving demand in the automotive and rubber industries.
– COVID-19 Impact and Recovery: Assess the impact of the COVID-19 pandemic on the carbon black market, noting the decline in 2020 and the subsequent recovery with the initiation of vaccination drives.
Forecast Overview:
The report provides a detailed forecast of market growth by revenue at the global, regional, and country levels. Gain insights into the latest trends and growth opportunities from 2017 to 2027.
Segment Breakdown:
1. End-Users and Grade Types: Navigate the market’s trajectory with detailed revenue forecasts for end-users (tires, non-tires rubber, non-rubber) and grade types (specialty grade, standard grade).
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