Global specialty carbon black market forecast with a CAGR of 9 percent through 2030

Pune, India – The Global Specialty Carbon Black Market was valued at USD 2.34 billion and is projected to exhibit a CAGR of 9.0% over the forecast period from 2021 to 2030 according to Quince Market Insights. Specialty carbon black is one of the purest grades of carbon black having the finest particle side. It is also a non-rubber grade of carbon black, which is used in various industries. Carbon black is basically used in manufacturing plastics, tires, mechanical rubber goods, toners, and printing inks. It can also absorb UV light and further converts it into heat. Thus, it finds its major applications and is used in insulating cables and wires. Furthermore, it is widely used to produce wide range of rubber pigments and products. In short it acts as a cost-effective rubber reinforcing agent used in tires.

Chassis bumpers, tires, blow-molded containers, conveyor wheels, grommets, gaskets, autos, hoses, bushings, fascia, photographic containers, and wiper blades all use the product as a strengthening agent. One of the most important properties of specialty carbon black is its capacity to absorb UV light and convert it to heat, making polymers more UV resistant. Plastics ranging from highly conductive to insulation materials benefit from its antistatic and conductive qualities. A transition to more specialized grade goods from the commodity, as well as its greater use as a pigment in lightweight auto-parts to enhance conductivity, are two new developments that are directly impacting market dynamics.

Furthermore, specialty carbon black is a versatile component that may be used in a variety of non-rubber applications. The choice of carbon black is totally dependent on the product’s requirements. Molding, film pipe, fiber, and cable are only a few of the essential plastic parts where it’s employed. Packaging, paints and coatings, construction, electrical and electronics, and automotive are just a few of the important end-use sectors where plastics are utilized.

The global spread of COVID-19 is expected to create a demand-supply mismatch, limiting product demand. Consumer preference for fuel-efficient and lightweight automobiles, on the other hand, is likely to stimulate demand for specialty carbon black. It is likely to boost the market during the forecast period by assisting in the provision of conductivity and antistatic qualities to plastics ranging from highly conductive to insulating materials.

Major Companies: In this report, the major companies studied include Cabot Corp. (U.S.), Birla Carbon (India), Tokai Carbon Co. Ltd. (Japan), Continental Carbon Company (U.S.), Omsk Carbon Group (Europe)