Global Specialty Carbon Black Market By Type (Lamp Black, Acetylene Black, Conductive Black & Others), By Application (Plastics, Printing Inks & Toners, Paints & Coatings, & Others), By Region, Competition Forecast & Opportunities, 2011-2021
Specialty carbon black is a processed carbon black powder with high carbon content and pigmentation characteristics. Also known as pigment black, it is used to impart distinctive characteristics in specialized end user applications. Specialty carbon black finds majority applications in plastics, printing inks and paints & coatings industry for pigmentation and imparting desired properties such as UV protection and conductivity. The plastics industry is the largest end user industry of specialty carbon black, where it is used to impart color, improve thermal insulation and impart UV resistance to plastic products such as pipes, engineering plastics, cables and synthetic fibers. In automotive sector, specialty carbon black is used to provide aesthetic appeal to vehicles, improve durability of components and provide protection against corrosion. During 2010-2014, global automobile production grew at a CAGR of more than 4%, and the industry is expected to witness higher growth over the next five years, thereby boosting demand for specialty carbon black through 2021.
According to “Global Specialty Carbon Black Market By Type, By Application, By Region, Competition Forecast and Opportunities, 2011-2021”, the global specialty carbon black market is poised to surpass US$ 2.9 billion by 2021 on the back of surge in demand for specialty carbon black in emerging economies, especially China and India. On the basis of type, global specialty carbon black market has been segmented into lamp black, acetylene black, conductive blacks and others. In 2015, lamp black accounted for the largest share in global specialty carbon black market due to its extensive range of applications. Globally, plastics is the largest application area for specialty carbon blacks owing to increasing demand for plastic compounds with high jetness and enhanced UV stability. Over the next five years, plastics industry is expected to continue its dominance in global specialty carbon black market on account of expanding plastics industry in Asia-Pacific and Middle East & Africa region. “Global Specialty Carbon Black Market By Type, By Application, By Region, Competition Forecast and Opportunities, 2011-2021” discusses the following aspects of global specialty carbon black market: