A major driver in the carbon black market is growth in the automotive industry. The outstanding growth in chemical and automobile industry and naturally available essential resources is actively driving the global carbon black market. Carbon black is used as a tincture and finds application in plastics and automotive sector. It is crucial for tire manufacturing companies and is used as a reinforcing agent in rubber goods.
Globally, the largest sales market for carbon black is the automotive industry. Carbon black is produced by partial combustion of heavy petroleum products like coal tar, FCC tar and ethylene cracking tar. It is a black colored powder in its physical state. It has variants such as thermal black, acetylene black, channel black, furnace black and lampblack.
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One of the segments of the global carbon black market is specialty carbon black which finds application in printing inks, metallurgy and plastics. Specialty carbon black is conductive and reduces the electrical resistivity by forming a conductive network through the rubber or polymer matrix.
The global carbon black market can be segmented broadly into four regions namely North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific leads the market share in the global carbon black market and also has manufacturers producing carbon black at cheapest price.
The global carbon black market can be categorized on the basis of application into Rubber applications and other applications. The market can also be categorized on the basis of end user into tire industry, rubber goods industry and other non-rubber goods industry.
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Some of the major industry players are Phillips Carbon Black Limited, Cabot Corporation, Aditya Birla Group, Omsktechuglerod OOO, OCI Company Ltd., China Synthetic Rubber Corporation (CSRC), Orion Engineered Carbons GmbH, Sid Richardson Carbon Co., Shandong Huadong Rubber Materials Co., Ltd. and Jiangxi Black Cat Carbon Black Co., Ltd among others.
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