The global Carbon Black market is forecast to reach USD 27.43 Billion by 2030, according to a new report by Reports and Data. Furnace Carbon Black is increasingly being used in tires, rubber and plastic products, printing inks, and coatings, owing to these properties. It is used in tires as it provides excellent rubber reinforcement. Though primarily used for strengthening rubber in tires, the product can also act as a pigment, UV stabilizer, and conductive or insulating agent in a variety of rubber, plastic, ink, and coating applications. Apart from tires, other everyday uses of Furnace Carbon Black are seen in objects like hoses, conveyor belts, plastics, printing inks, and automotive coatings.
Furnace Carbon Black is one of the most commonly used conductive additives used for these batteries due to its low weight, low cost, and high chemical inertness. Furthermore, it also provides higher battery capacity and rate capability and is non-toxic. Several studies have successfully shown that the adoption of the product improves the battery cycle life. For instance, Berkeley Lab researchers led by Robert Kostecki used Furnace Carbon Black additive for manufacturing composite cathodes for lithium-ion batteries. The resulting lithium-ion cells were found to last one-third longer and deliver more energy, at no significant increase in cost.
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Top 10 Companies Operating in the Global Furnace Carbon Black Market:
Phillips Furnace Carbon Black Limited, Cabot Corporation, OCI Company Ltd., Birla Carbon, Omsk Carbon Group, Orion Engineered Carbons SA, Mitsubishi Chemical Corporation and Tokai Carbon Co., Ltd. Tokai Carbon, a Japanese chemical company is major global manufacturer. The company offers a wide variety of products, including SEAST, TOKABLACK, Aqua Black, and Thermal Black, for applications ranging from the automotive industry to electrical and electronics.
Furnace Carbon Black Market Segmentation
Process Outlook (Revenue, USD Million; Volume, Kilo Tons; 2019-2030)
- Furnace Black Process
- Channel Black Process
- Thermal Black Process
- Acetylene Black Process
Grade Outlook (Revenue, USD Million; Volume, Kilo Tons; 2019-2030)
- Standard Grade
- Specialty Grade
Application Outlook (Revenue, USD Million; Volume, Kilo Tons; 2019-2030)
- Tires and Industrial Rubber
- High-Performance Coating
- Plastics
- Toners and Printing Inks
- Wires and Cables
- Paints and Coatings
- Textile Fibers
- Others
End-Use Industry Outlook (Revenue, USD Million; Volume, Kilo Tons; 2019-2030)
- Consumer Goods
- Industrial
- Automotive Transportation
- Packaging
- Textiles
- Others
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Major Regions covered in the report:
- North America (U.S.A., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Points Illustrated in the Regional Analysis:
- Regional contribution to the overall market revenue
- Forecast revenue share of each regional market
- Vital information and data related to the production and consumption rates in all the regions
- Factors driving the regional market growth over the forecast period
- Leading products and application segments in each regional market
- Presence of key market competitors in each of these regions
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