Specialty Carbon Black Market Research Study including Growth Factors 2028
24th
May 2019 – Conductive plastics or specialty carbon black
are used to protect electronic and electrical packaging and equipment,
automotive fuel systems, and other plastics applications from catastrophic
failure due to unacceptable amounts of electrostatic discharge.
Global Specialty Carbon Black Market is
anticipated to witness a massive growth with a staggering CAGR in the forecast
period.
“The manufacturers are striving to provide their customers with the
latest technologically equipped specialty carbon black products that meet the
highest standards for performance, quality, and service.”
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Specialty Carbon Black market has been categorized into North America,
Europe, South America, the Middle East & Africa, and the Asia Pacific based
on the regional segmentation. Upscaling adoption of latest technologies in the
manufacturing processes has empowered North America to emerge as the largest
revenue generating region.
The presence of a huge number of emerging entrants in China and Japan has
significantly boosted sales in the Asia Pacific region. Asia Pacific regions,
over the past several years, have been manufacturing low-cost carbon black,
which has emerged as a potential threat for the Northern American market space.
Also, the rising polymer demand in India for resins and consumer goods market
has gained a competitive advantage over the other global regions.
The competitive landscape showcases the profiles and business strategies
of the major players, along with their recent developments. The altering market
dynamics can be attributed to major merger and acquisition activities,
collaborations and joint ventures amongst the industry competitors. Emerging
companies have identified raw material suppliers, buyers, research investors
and distributors of the specialty carbon black market.
Some of the key competitors or manufacturers capitalizing in the global
market include Orion Engineered Carbon, Cabot Corporation, Philips Carbon Black
Limited, and Aditya Birla. Other prominent players operating in the specialty
carbon black market include Sid Richardson, Cabot Corporation, OMSK Group,
Tokai Co. Ltd., Continental Carbon Co., Atlas Organic Pvt. Ltd., Himadri
Companies & Industries Ltd. (HCIL), and China Synthetic Rubber Corporation
(CSRC) among others.
Cabot Corporation is a global leader in manufacturing specialty carbon
black that has been supplied as additives to the plastics industry since its
commencement. Their development centers are widespread across all the five
major regions of the world. VULCAN®, ELFTEX®, and BLACK PEARLS® are the
specialty carbon black plastic products manufactured by Cabot Corporation.
Their products are particularly insensitive to static discharge and have found
three broad groups of applications; Electrical and electronics (E&E), Automotive
fuel systems, and Safety (molded parts).
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