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The global specialty carbon black market grew at a CAGR of around 6% during 2015-2020. Specialty carbon black is a refined chemical manufactured by burning hydrocarbons. It offers high opacity, thermal stability, and resistance against solvents, acids and alkalines compared to black organic dyes. It is currently available in varying forms that find applications in different industry verticals. For instance, specialty carbon black with medium-sized particles is used in the paper industry for decorative and photo-protective products, while coarse particles find extensive usage in the construction industry. They are also utilized in the manufacturing of belts, hoses, boots, fascia, gaskets, grommets, diaphragms, air springs, conveyor wheels and vibration isolation devices.
A significant rise in construction activities across the globe on account of rapid urbanization and development of existing infrastructure represents one of the key factors propelling the market growth. Apart from this, as specialty carbon black has excellent tinting strength, and high conductivity and dispersibility, it is employed in the electronics industry as a viscosity control additive for electromagnetic shielding and a semi-conductive cable compound. Moreover, it resists ultraviolet (UV) radiation in plastics like polyolefins by absorbing UV light and converting it into heat, which is positively influencing the market growth. Other significant applications contributing to the market growth include stretch wraps, refuse sacks, carbon bushes, industrial bags, household appliances, blow-molded containers, photographic containers and agriculture mulch films. Furthermore, the growing focus on the introduction of innovative product variants, along with customization options, is anticipated to increase the utilization of specialty carbon black in the automotive industry. Looking forward, IMARC Group expects the global specialty carbon black market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global specialty carbon black market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region and grade type.
Breakup by Grade Type:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ampacet Corporation, Atlas Organics Pvt. Ltd., Birla Carbon (Aditya Birla Group), Cabot Corporation, Continental Carbon Company (CSRC USA Corp.), Denka Company Limited, Himadri Speciality Chemical Ltd., Mitsubishi Chemical Corporation, OMSK Carbon Group Limited, Orion Engineered Carbon GmbH, Phillips Carbon Black Limited and Tokai Carbon Co. Ltd.
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