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Global Reinforced Grade Carbon Black Market InsightJanuary 25, 2022 Comments
The Reinforced Grade Carbon Black is forecast to crazy increase over the next four years. According to the WK-chem Research “Global Reinforced Grade Carbon Black Professional Survey Report 2022, Forecast to 2027”, With the rapid improvement of Increased global demand for tires and rubber products and the impact of the COVID-19, the Chemistry & Material industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.65% base on WK-chem Research regression analysis model.
“The global demand for new automobiles will grow, and the tire industry will grow, which will also promote the increase in product demand in downstream industries.” said Aggie, Senior analyst, Chemistry & MaterialMarket Research Center in WK-chem Research. “Industry participants need to increase investment in new product development adapt to the rapid development of the market.”
Many manufacturers are now focusing on specialty carbons with high added value and performance. In addition, the rising industry’s demand for lithium-ion batteries continues to rise, and product demand surges. Most manufacturers are expanding their product portfolio and launching new product variants.
Due to the COVID-19 pandemic, the global carbon black market share has been significantly affected in terms of demand and loss of revenue. Due to the recent weakness in product demand, the COVID-19 pandemic has also delayed the production growth of many manufacturers. Even so, sales of Reinforced Grade Carbon Black are still rising, so now is the best time for new industry players to invest and participate.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Reinforced Grade Carbon Black companies that include Cabot Corp.、Continental Carbon Company、HEG Ltd.、Showa Denko KK、Bridgestone Corp.、Phillips Carbon Black Limited、Birla Carbon、Orion Engineered Carbons、OCI Company Ltd.、GrafTech International.
Segmentation of Reinforced Grade Carbon Black Market:
Among all process types, furnace black will occupy the largest share. Furnace black technology is used for large-scale production and has a better output than other process types. Hot black is the second most popular production process. The seven most common grades belong to a furnace carbon black produced from petroleum. Due to higher applications and lower prices, lower grades have the highest demand compared with grades above N-550. The N-550 grade is mainly used in the tire and rubber products industries. N-550 grade has good dimensional stability for extruded shoes, belts, brake diaphragms and plastic pipes. Compared with N-550, N-660 grade has a lower surface area and low to medium structure. It is a universal high modulus black. Due to the high demand in the tire and rubber products industry, products of this grade occupy the main market.
Depending on the application, the coatings industries that can be used for graphite manufacturing, tires and rubber products, coatings, polymers, printing.Electronic products are witnessing strong growth. Increasing R&D investment and product innovation are also driving the development of the coatings industry, which can be attributed to emerging The coatings industry in the market continues to grow due to rapid industrialization, population growth and economic growth.
Reinforced Grade Carbon Black Market: Regional Analysis
In terms of geography, the global Reinforced Grade Carbon Black market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.Rapid urbanization and industrialization in the Asia-Pacific region and Latin America will drive the demand for rubber products in the coming years. The increasing demand for tires in the global replacement market has driven the demand for carbon black.North America is a mature market due to the strong end-user industry in the region. Countries in this region have strong tire and rubber products industries. As the penetration rate of specialty black carbon continues to increase, the North American market is witnessing strong growth.
Largest share area：North America
Largest share country
：the Unite States
Product Type：Furnace black, Hot black
Application：Graphite manufacturing, tire and rubber products, coatings, polymers, printed coatings industries
Leading Company：Cabot Corp.、HEG Ltd.、Birla Carbon、Bridgestone Corp、SPhillips Carbon Black Limited