Research Nester has released a report titled “Specialty Carbon Black Market: Global Demand Analysis & Opportunity Outlook 2031” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
The global specialty carbon black market is anticipated to generate a revenue of USD 4,519.34 Million by the end of 2031 by growing at a CAGR of 4.3% over the forecast period, i.e., 2022-2031. Additionally, market brought in revenue of USD 2,990.54 Million in the year 2021. The growth of the market can be primarily attributed to growing demand for specialty chemicals, such as carbon black, across the globe. It is estimated that by 2030, there would be a 15 million tonnes yearly demand for carbon black globally.
The global specialty carbon black market is segmented into granules, and powder by form. By the end of 2031, the granules segment is expected to garner the largest revenue. Further, the powder segment is expected to grow at a highest CAGR of 4.8% over the forecast period.
For more insights on the market share of various regions:https://www.researchnester.com/ask-the-analyst/rep-id-4366
Geographically, there are five main regions that make up the global specialty carbon black market which includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in the Asia Pacific region is predicted to generate the most revenue among these regions, at USD 1,945.22 Million by the end of 2031. Additionally, in 2021, the market in this region brought in USD 1,268.54 Million in revenue.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
However, the scarcity of raw materials, high GHG emissions from specialty carbon black manufacturing, and highly consolidated specialty carbon black market are likely to be major hindrances to the expansion of the global specialty carbon black market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global specialty carbon black market, which includes company profiling of Orion Engineered Carbons GmbH, Cabot Corporation, Birla Carbon, Imerys, Tokai Carbon Co., Ltd., Mitsubishi Holding Chemicals Corporation, Denka Company Limited, PCBL, Lion Specialty Chemicals Co. Ltd., Himadri Speciality Chemical Ltd., Continental Carbon Company, Asbury Carbons, Black Bear Carbon B.V., Omsk Carbon Group, Ralson Tyres, OCI Company Ltd., Asahi Carbon Co., Ltd., and others
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Specialty Carbon Black Market: Global Demand Analysis & Opportunity Outlook 2031”, analyses the overall global specialty carbon black industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global specialty carbon black market in the near future.
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