Carbon black is a material made by partial combustion of heavy petroleum goods like coal tar, FCC tar, or the ethylene cracking tar. It is a type of paracrystalline tar having superior surface area ratio. The said material is made of finer particles that majorly comprise carbon. Several characteristics of carbon black are controlled in the production by incomplete combustion of gases or oils. The key applications of carbon black are black coloring dye used in the newspaper, electric conductive agent of hi-tech materials, such as fibers, floppy disks, and antistatic films. Good amount of carbon is also used in the automobile industry as great rubber reinforcement, resin coloring, paints, toners, and more.
Market Industry Reports (MIR) has published a new report titled "Carbon Black Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global carbon black market was valued at over US$ 14.0 Mn in 2018 and is anticipated to grow at a CAGR of 6.7% from 2019 to 2030. The market is driven by rising demand of tires owing to high demand from the automotive industry. Furthermore, rising demand from construction industry is another factor driving the market growth. Asia Pacific region offers huge market potential.Major Key Players of the Carbon Black Market are:
Birla Carbon, Orion Engineered Carbons, Jiangxi Black Cat Carbon Black Co. Ltd. and Cabot Corporation, Phillips Carbon Black Ltd, China Synthetic Rubber Corporation, Mitsubishi Chemical Corporation, and OMSK Carbon Group among others.
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