Asia Pacific Carbon Black Market Size to Hit USD 12.1 Billion by 2027

Asia Pacific carbon black market share is certain to benefit as scientists have recently discovered the potential of tire-derived carbon black in producing more environmentally friendly concrete. Although the construction sector holds substantial potential for expansion through the next decade owing to the spiraling demand for sustainable solutions, the automotive sector has been recording increased deployment rates.

Rubber goods and tire manufacturing industry is presently dominating APAC carbon black market share in terms of consumption. During 2020, the tires & rubber goods segment accounted for over 74% of the total market share. It is projected to continue to expand further at a 6.6% CAGR through 2027. The fast growth of the segment can be on account of the continuous demand for luxury cars, electric vehicles (EVs), and hybrid electric vehicles (HEVs).
 
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Leading carbon black manufacturers have been developing specialty grade carbon black for promising an unmatched performance. Carbon black is extensively used for automotive applications including automotive coatings, hoses, belts, gaskets, sealing systems, anti-vibration parts, in tire components such as inner liners, sidewall, and treads, and as a rubber reinforcing agent in tires. The flourishing automotive industry is powering Asia Pacific carbon black market outlook.

 
Lower grade N-550 carbon black has been garnering considerable attention from end-use industries and the industry share from the segment represented more than 36% of the overall APAC carbon black market size. Being high structure, low-surface area product, it possesses superior green strength and enhanced dimensional stability. N-550 grade carbon black is primarily deployed in the production of gaskets & seals, bels, hoses, non-vibrating mountings, brake diaphragms, and extrudate profiles. 
 
The Chinese carbon black market accounted for more than 33% of the total APAC share during 2020, supported by the growth in investment volume in the automotive sector. An expanding demand for BEVs is responsible for this trend. According to the China Association of Automobile Manufacturers (CAAM), over 1 million electric vehicles were sold during 2020. This makes it one of the leading automobile industries in the world.
 
The growing number of research activities toward reduction of carbon footprint have been fueling Asia Pacific carbon black market forecast. For instance, recently, in March 2021, researchers at Rice University have optimized flashing carbon black for turning rubber from discarded tires into soluble graphene which can be used in composite materials such as cement. The integration of graphene will not only enhance strength, but also render it an environmentally friendly concrete.
 
 
Cabot Corp., Orion Engineered Carbons, HEG Ltd., Showa Denko K. K., OCI Company Ltd., Birla Carbon, Lianyungang Jinli Carbon Co., Ltd., and Bridgestone Corp. are some leading carbon black manufacturers in Asia Pacific.
 
Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope
1.1    Research Methodology
1.2    Market estimation & forecast parameters
1.3    List of Data sources
1.3.1    Primary
1.3.2    Secondary

Chapter 2   Executive Summary
2.1    Asia Pacific Carbon Black market snapshot

Chapter 3   Asia Pacific Carbon Black Industry Insights
3.1    Industry coverage
3.2    Industry size and forecast, 2017 – 2027
3.3    Industry ecosystem analysis
3.3.1    Vendor matrix
3.4    Future trends
3.4.1    Innovation Landscape
3.5    Raw material analysis
3.6    Regulatory norms & directives
3.7    Drivers & restraints
3.7.1    Drivers
3.7.2    Restraints
3.8    Application growth mapping
3.9    Industry analysis: Porter’s
3.10    Competitive benchmarking
3.10.1    Strategy dashboard
3.11    PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1742/asia-pacific-carbon-black-market
 
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