Specialty Carbon Black Market is
anticipated to witness an exponential growth in the forecast period. Specialty
carbon black, also termed as “Pigment Black”, is a high-end refined chemical
factory-made by burning hydrocarbons in the limited air supply. It is the
purest form of carbon black with a lesser level of sulfur, ash, and metals
along with other impurities.
Factors such as increasing demand for plastic and coating in
the construction and building, automotive, and packaging industries, rising
disposable income and increasing demand from end-user industry are likely to
drive the specialty carbon black market in the forthcoming period. On the other
hand, silica is one of the key alternatives owing to the fact that it offers
eco-friendly benefits, and volatility of raw material prices and environmental
concerns are anticipated to hinder the market growth in future. However,
technological advancement is likely to create lucrative opportunities for the
market.
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The emerging trend in the specialty carbon black market is
directly influencing the dynamics of the specialty carbon black manufacturing,
comprising the shifting attention of carbon black suppliers from commodity to
specialty grade and growing usage of specialty carbon black as a pigment in
lightweight automotive parts. Globally, market is anticipated to expand at a
significant CAGR in the upcoming period as the scope, product types, and its
applications are increasing across the globe.
Specialty carbon black market could be explored by grade
type, function, application, end-user industry, and geography. The market could
be explored by grade type as Fiber (PP Masterbatches, Polyester Fiber, and
Nylon Textiles), Conductive (Paints & Coatings, Battery Electrodes,
Printing Inks and Conductive Polymers) and Food (Film & Sheet, Packaging,
and Consumer Molded Parts)). Based on function, market could span UV
Protection, Color, Conductive and Others. Based on applications, market could
span Printing Ink, Plastics, Paint and Other Application.
Key players operating in the specialty carbon black market
include Birla Carbon, Mitsubishi Chemical Corporation, Phillips Carbon Black
Limited, China Synthetic Rubber Corporation, Tokai Carbon Co. Ltd, Shandong
Huibaichuan New Materials Co., Ltd, Imerys SA, Beilum Carbon Chemical Limited,
Shanxi Fulihua Chemical Materials Co. Ltd, Zaozhuang Xinyuan Chemical Industry
Co., Ltd., Shandong Emperor-Taishan Carbon Co., Ltd, Geotech International B.V.
and Xiahuayuan Xuguang Chemical Co., Ltd. The leading companies are taking up
partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
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